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Number Crunchin' News |
LETTER
FROM OUR CO-PRESIDENT
Dear
Fellow Members,
While
I have enjoyed being SBBA President for two years and Co-President for the last
year, September 30th will definitely be my last day serving in this
position.
There are several of you out there who would be an ideal candidate for
the position.
If you’re interested, please contact the nominating committee (Mary
Cathcart or myself) ASAP to express your interest in serving as President or as
another officer.
Sandy
Stites has served on our Newsletter Committee for (I believe) FIVE YEARS and has
just resigned from the Committee.
Thank you so much, Sandy, for all your years of commitment, both on the
newsletter Committee and as a past officer.
You’ve been a great asset to our organization and we appreciate all you
have done.
The
company that I work for is destined to move to Carpinteria in the next few
months and therefore you may not be seeing much of me in the near future.
I will remain a member of the SBBA, though, and will keep in touch via
the listserver and the newsletter.
I am privileged to have been a member for almost as long as the
organization has been around; I’ve made many lasting relationships and learned
much from you, my peers.
Thank you all.
Sincerely,
Caron Garliepp
(Editors
Note: You may find descriptions of Officers & Directors on our Web Site @ www.sbbaonline.org)
COME
AND LEARN
In
keeping with Board policy and the stated purpose of the organization to provide
an exchange of information and further the education of our members, the
Newsletter Committee will maintain a calendar listing of educational
opportunities available to members and the public.
This
listing will contain information that you send in.
Please send your contributions to the editor prior to the fifth of the
month to have them included in that month’s newsletter!
Educational
Opportunities
QUICKBOOKS
LEVEL 1 CLASS
Saturday, Oct. 26, 2002 @ the Goleta Valley Community Center. 10am-1pm $129 (SBBA
Members 20% discount)
This
is a “Beginner/Intermediate” class, for those looking to learn and/or
improve their QuickBooks knowledge & skills. (Further
seminar details to be published in next month’s newsletter)
Seminar
Given By Monica Dittrich
To
check out the “Sleeter Seminar Schedule for 2002":
Go To: http://www.sleeter.com
Submitted
By Sandy O’Meara
QuickBooks
News
Mac QB Users Have Been WAITING For…
Intuit
has just announced a multi-year plan to develop and support a new Mac O/S X
compatible version of QuickBooks.
Intuit expects to release an updated version of QuickBooks for the Mac in Q1
2003 due to increased demand for the Mac OS X compatibility.
QuickBooks Pro Edition 5.0 for the Mac will be built for Mac OS X and
will also support Mac OS 9.
Additional product details will be disclosed at a later date.
Thereafter, Intuit expects to release a new version of QB for the Mac on
approximately an annual basis.
While
details about the updated product are not available today, you and your
Macintosh-based clients can keep up-to-date on new developments and
announcements by visiting www.usequickbooks.com/mac5.
Reprinted
From Email Announcement Received on 8/7/02 From Intuit
-Monica
Dittrich
PS:
QB 4.0 is still available for the Macintosh via Customer Service Only @ (800)
446-8848
“Formula
for success:
Underpromise and overdeliver”
-Tom
Peters
Self
Employed?
Protect Yourself From Loss Of Income
-Reprinted
From The California Employer/EDD 2nd Q 2002
If
you are self-employed, you can protect yourself against a loss of income due to
injury or illness with Disability Insurance Elective Coverage (DIEC).
We offer this program as a safety net to self-employed individuals doing
business in California.
The
DIEC Program offers you:
To
qualify for these benefits, you must apply for DIEC, be approved for coverage,
and pay quarterly premiums prior to becoming disabled.
Generally,
a minimum of seven months must elapse before a new member is eligible to receive
benefits.
For
more information, please call us at 1-888-745-3886, or visit our Web Site:
Frequently
asked questions: www.edd.ca.gov/difaq9.htm
To
download an application for DIEC: www.edd.ca.gov/de1378di.pdf
FREQUENT-FLYER
MILES NO LONGER TAXABLE
Until
recently, employees who traveled on business were unsure whether the
frequent-flyer miles they received for business trips, but used for personal
purposes, were taxable.
The IRS has finally settled this burning question in the taxpayer’s
favor.
Background
Business
frequent-flyer miles can arise from business trips – traveling on airplanes,
renting cars, staying in hotels and using credit cards for business.
These miles can really add up when coupled with bonus miles offered by
airlines to their frequent-flyers – sufficient miles may be generated to allow
an employee to take his or her entire family on vacation.
Such miles may also be used to upgrade an airline seat, obtain free or
discounted travel or travel-related services, or other benefits or services.
IRS
Position
The
long-standing question has been: Are such miles taxable if used for personal
purposes, when earned in the context of a business trip?
The IRS has announced that there will be no tax on such frequent-flyer
miles, unless the employee converts the miles to cash.
If miles are so converted, the employee reports taxable income in the
amount of the cash received.
Reprinted
from “CPA-CLIENT TAXLETTER” 3rd Q 2002
Notes
On QuickBooks 2002 “Series”
Some
of you may have either heard or know, that the QuickBooks 2002 series has the
very convenient feature of “remote access” from one computer to another –
from ANY location to another including out of state or even country.
Intuits’
Web Site doesn’t make it clear WHICH of the 2002 editions, there are 4, work
“with each other”.
Here
is the breakdown:
QB
Premier Accountant Edition 2002 can access ALL other QB 2002 editions
QB
Premier 2002 Edition can ONLY access other Premier editions
QB
Pro 2002 & QB Basic 2002 can not access any edition – BUT – can be
accessed by the QB Premier Accountant Edition 2002
A
year from now you may wish you had started today”
-Karen
Lamb
The Not So Fine Print