Tax Returns
The right time to request a tax return
Right now!🔪 - Request March April May - until we get them
When to refresh Flo
After wrapping up every client / Anytime / Everytime
The 4 current payroll providers available for payroll 2.0
What are Gusto, ADP, Intuit, Paychex
Zeb's first cooking tip
The first resource to go to when coming across an unknown bookkeeping issue
Confluence
The equivalent of a balance sheet on a tax return
Schedule L
The recommended time to address clients comments
• Recommended within 24 hours
The naming format for the Payroll Operating Expense Account?
What is Payroll Expense - Salary & Wage - Provider Name
The amount of times Chris works out a week
• 5-6
• Everyday
The place to book in a vacation day
Ultipro
Tax Return Form for S-Corps
1120S
Places where can we create client rules (All Three)
• Categorizer Rules Tab
• GL
• Reconciliation UI
Rob's reason for initiating the payroll 2.0 project
-So that Rob isn't the one stuck with solving all our payroll issues during tax season past 5pm in the office
-To venture into automated accrual bookkeeping
The names of Jon's Cats
• hikki
• kyo
Information about when clients were last reviewed/OTE/YEFs Oustanding/BenchTax Clients live here!
SalesForce DashBoard
The schedule showcasing member capital breakdown for partnerships
Schedule K-1
Why might payroll flip green before the statement is processed?
• Because there's a set close-date
Set it to N/A and your add on wont switch until all accounts are green - available for work
3 benefits of payroll 2.0 vs. payroll 1.0
-Detailed payable lines - payroll period/employees/taxes/etc...
-Automated MITO matching (instead of matching in payable ledgers)
-No need to deep-dive into payroll balance issues (2.0 issues due to set-up/reconciliation)
-Just send docs to DP/limits AA scope of action
-More accurate tax/liability info for clients
last week's "Cards against humanity" Champion and their winning answer
Steps to troubleshoot a communication issue (In order)
1. Slack Team Channel
2. Slack LA
3. Communication office hours with Molly (If not urgent - No question mark/use your best judgment)
4. File a CS ticket - Salesforce / Inform TL
The pertinent parts of the Sole Prop Tax Return that we look for
• Schedule C
• Form 4562
• Capitalized Tables and Depreciation/Amortization Schedules attached to Form 4562
The different options for the annual task tracker and what they mean
• N/A = No need
• NR = If return not collected
• RDY = If Return haven't been actioned
• C = If return is completed
- MITO dates over 3day scope (manual matching)
- Incorrect amounts on Checks/expenses leaving bank account
- Multiple transactions expense for 1 liability
- Transactions were not moved into MITO
- End of month expenses need to be moved to a Prepaid Expense - Payroll asset ledger
- Payroll provider is incompatible with payroll 2.0
- Wrong docs/verification value
What is Kathleen's son's favourite activity
• Soccer
5 troubleshooting steps you can take for a BK issue
- Search Slack/Confluence
- Team/Pod/KU/PRO/CU Channels
- LA/Pod Office Hours
- LA/TL 1on1/DM
- Help_Bk
- Help_Quality-team* (MER/YEF clarifications/blockers)
- BKS Team Ticket / Client Research* SF ticket
- Add Jacques to an escalation channel