IRS selects new leadership for Small Business and Self-Employed Division. https://www.irs.gov/newsroom/irs-selects-new-leadership-for-small-business-and-self-employed-division http://accountinginstruction.com/ The Internal Revenue Service today announced that experienced agency executive Lia Colbert has been named the new commissioner of the Small Business Self-Employed Division (SB/SE), which oversees the agency's collection activities and the examinations of most businesses in the United States. "This is a crucial position for the IRS, and Lia's background provides a unique perspective for this important role," said IRS Commissioner Chuck Rettig. "This area is critical to ensuring fair enforcement of our nation's tax laws while respecting taxpayer rights. In addition, this area is a key place for the agency to find ways to improve the taxpayer experience, not just for individuals who interact with this area but also for tax professionals that handle enforcement-related issues." The IRS also announced that Maha Williams has been selected to act as the deputy commissioner, SB/SE Examination, to fill in for De Lon Harris, who is retiring at the end of April. Darren Guillot will continue to serve as deputy commissioner, SB/SE Collection and Operations Support. Colbert replaces Eric Hylton, who was SB/SE commissioner, when he left the agency about a year ago. Harris and Guillot served as interim co-commissioners during that time. In her new role, Colbert will be responsible for providing executive leadership and direction to a nationwide staff of approximately 20,000 employees. These employees are responsible for the design, development and delivery of a comprehensive tax administration program. This program touches more than 57 million small business owners and self-employed taxpayers with business interests having less than $10 million of assets. Furthermore, Colbert and the SB/SE deputy commissioners will work closely with employees, managers and executives across the division to review current operations and strategize improvement opportunities by looking deeply into experiences faced by the nation's taxpayers and IRS employees in this ever-challenging pandemic environment. Williams will be responsible for providing executive expertise and direction for special projects covering major segments of SB/SE including Campus Exam/Automated Under Reporter (AUR), Field Exam, Specialty Exam, Headquarters Exam and Exam Performance & Planning Analysis. She will also oversee the Office of Promoter Investigations (OPI), which provides support for all IRS efforts in identifying abusive tax transactions, tax schemes, and emerging abusive arrangements. Colbert's most-recent role at the IRS was deputy chief Appeals. Prior to that, she was IRS chief of staff a ... https://www.youtube.com/watch?v=cJQQMSiyAvc

Stock Dividend & Impact on Investor Holdings Recourse: https://1drv.ms/u/s!Ap8mLpFX7uo9ukmIzdo9iUsvqqaE?e=SwI4Hs Playlist: https://www.youtube.com/playlist?list=PL60SIT917rv5eY9VJaejBk48_kVW2LRIh Corporate Finance https://accountinginstruction.info/ ... https://www.youtube.com/watch?v=rMbx_vv_R2c

Tax Software Itemized Deduction Interest Income Tax https://accountinginstruction.thinkific.com/ ... https://www.youtube.com/watch?v=X71E--w4cfs

Home Page Employee Section QuickBooks Pro Desktop 2020 https://accountinginstruction.info/home-page-employee-section-1-28/ This presentation and we will take a look at the employee section of the homepage, which will include the pay employees and pay payroll, we will do this within QuickBooks Pro 2020, QuickBooks desktop 2020. Here we are in our get great guitars file which we set up in a prior presentation. If you don’t have the get great guitars file that is ok, you can follow along with your own company data. 0:25 We currently have the open windows open in the left side, you can open the open windows by selecting the view drop down up top and the open windows lyst. We also have the homepage open typically it is open when we open QuickBooks but if not, company file up top and the homepage. The homepage is a great tool for viewing activities by cycle and prior presentations, we took a look at the vendor cycle and the customer cycle. Now we’re going to be looking at the employee cycle. 0:55 Now note we’re going to be bouncing around a little bit from this current file that we have set up to a new because we’re not requiring that you set up paid payroll in order to go through this practice problem. To set up paid payroll you would go to this item over here to turn on payroll, it will typically be an add on feature, there is also going to be a manual payroll or is typically a manual payroll within QuickBooks. However, the setup process is having problems at this point. 1:23 Therefore, we won’t be setting up the manual payroll, but we will demonstrate payroll in a future problem as we will display the paid payroll in that future problem. Therefore, down here, when you look at the employees in our current file, we don’t have the full type of items that you would see. Therefore, I’m going to go to another file now. So this is not going to be like the file that you have currently, it’ll be a different type of file, which will then be including this icon. So I’m going to go to the second file. Here it is the employees down below. 1:55 If we were to pair purchase payroll or set up the manual payroll, then you’d see this a flowchart that we’re used to seeing in the vendor and customer section. So in this flowchart you have the entire time, we’re not going to spend a lot of time, going through the entire time section, the entire time section will help us to track time by employee is not really the part of the payroll process, it’s part of the tracking of payroll that the tracking of the time for it that we can then use to help us out to generate the payroll. And it can also be used to build things on the invoices as well to clients. 2:31 So we’re not going to enter the actual times, typically we� ... https://www.youtube.com/watch?v=Qep8hdnQHBI