I am an accounting / Bookkeeping professional working in the US for my US-based clients, Now I want to partner with one of the contractors who I use to outsource my bookkeeping clients. He is an experienced with exceptional qbo ...
  1. Theladycpa
    Hi there, if the bookkeeper is overseas the best option, in my opinion, is to continue as a contractor. Adding him/her as a partner means you are giving equity ... Read more

I recently took a new client who is a Shopify seller, he is using multiple gateways including Shopify payments and Paypal. currently, his Paypal is connected with qbo and creating a mess due to duplicated transactions, I would like to ...
  1. Theladycpa
    Hi there, when you have a client with a large number of transactions running through Paypal I would not advise you to use the QBO to PayPal sync. As you stated ... Read more

I had questions regarding capital losses for taxes. So this year, I have made money from stocks and also lost money from stocks. Overall, I am down around 20,000 dollars in stocks. So then can I deduct $3,000 from ordinary ...

Hi, I read a lot about estimated tax but I am still confused. Is it based on sales amount or net income? I read that it's good to pay 25% to 30% each quarter but I am having trouble computing it ...
  1. Zoey Wen
    Hi there, the quarterly taxes is based on your estimated net income. Take a look at this section on estimated taxes in our tax guide for freelancers - https://a ... Read more