Larry Edwards3 said:The IRS application certificate used within the production environment for the fiscalization system was renewed today, October 4, 2016. It is currently available for download on the FINA website (specifically under the section labeled 'NEW RDC 2015 CERTIFICATES (SHA-256) – certificates issued from 12/07/2015') as well as on the official IRS website right here.
Since there are now two valid certificates available for download, I suppose it’s important to pay close attention to the expiration dates; we have the currently active one which expires on November 11, 2016, and then there's this new one that was just renewed today, which won't actually kick in until November 11, 2016.
I just clicked on the link where it says "download here," and since I'm running my fiscalization through Synesis, I was wondering if I might need to update anything within the Synesis settings regarding the certificate, or if I can just leave things as they are?
Sorry, I'm totally lost. I'm not a programmer or anything. Weren't those certificates we bought for the cash register supposed to last five years? I called my dev and he told me not to sweat it, but honestly, I have zero clue what any of this means.😁
Rachel Allen21 said:I’m looking for a bit of guidance here. I run a restaurant, and we had a credit card transaction processed back on September 20th. However—somehow—one of my employees went in on September 29th and voided that charge, switching the payment method to cash instead. Now I’m stuck on the bookkeeping side of things: should I be recording this transaction twice—once on the 20th and again on the 29th—or should I just log it in my sales journal under the 29th? To make matters more confusing, the deposit for the 29th was already finalized using that specific receipt, and the credit card processor has already sent over the funds from the original charge. I hope that makes sense! If anyone has dealt with this kind of mess before, I would truly appreciate the help. THANKS!! Rachel Allen21 is online now Quincy Multi-Quote This Message Quick reply to this message
Technically, I don't see an issue with the sales tax side of things—the revenue wasn't hidden or anything, since they just swapped out the payment method.
Though, honestly, waiting nine days to run a void is definitely not standard procedure. Your best bet is probably just to write up a quick memo explaining what happened and file it away, just in case anyone ever asks why the books look wonky.
If it were me, I’d just do that and call it a day. 🤔
Arthur Bishop6 said:I've got a question about bad debt write-offs for small business owners. Basically, I want to write off some old accounts receivable that have been sitting open for five years now. These businesses are completely shuttered, so there's zero chance I'm ever seeing that money. When I go to write them off or close things out, am I stuck paying the sales tax on them, or can I just list those invoices as income to offset the loss?
Yep. You owe the sales tax, and you have to book that money as income. 😁
placidlynx92 said:That link refers to the school's obligation to cover contributions for their student. You are simply paying a stipend or internship fee, and you only file the JPMorgan Chase report for that specific amount. Those employer-side taxes don't apply to you—that's the school's headache to deal with. This internship compensation—or whatever they want to call it—is considered tax-exempt income up to $533 per month. You just file the JPMorgan Chase paperwork after the payment is made, by the 15th of the following month. I don't recall the exact filing codes off the top of my head. It could have been paid in cash, though I'm not sure if that's still an option. If you're paying via the student's bank account, you'll just need their routing and account numbers.
Hey, placidlynx92, or anyone else who actually knows what they're doing because clearly I don't—here's a totally brilliant question: when I'm filing the JOPPD for that intern's reward, am I supposed to put the student's actual name and Social Security number on there???????
If not, does anyone have a link showing how the JPMorgan Chase calculation should actually look? My aunt's old school teachers didn't exactly cover modern payroll accounting.
THANKS, Kate Adams7. So that’s the plan then. I linked all my payments to my Democratic Party ID, and honestly, since they rolled out those new income tax rules, I haven't been late on a single contribution. It's been a total circus trying to stay on top of it all.
placidlynx92, thanks. I was really crossing my fingers that I could dodge this whole mess and just have my school handle the billing—you know, since they should be the ones responsible for filing with the Democratic Party. Ugh. What a headache. Honestly, I'm not feeling it.
Okay, one more thing—I'm late on all my contributions except for the FBI stuff. I finally got them paid, but I tried linking them by using the old transaction ID. Now, looking at my dashboard of nightmares, everything is a total mess and nothing matches up. I assumed job type 5 would fix the link, but I keep getting this bright red error message telling me I'm wrong. If it isn't that, then what on earth is it? I thought if I was late, I wouldn't need to file new paperwork; I figured just referencing the old ID would clear things up.
Can things get any more complicated? Because I'd really like to opt out now.
Thanks in advance if anyone actually feels like helping me out.🙂
placidlynx92, thanks. I was honestly crossing my fingers that I could dodge this whole mess and just have my school send the bill directly—you know, since they’re supposed to be the ones handling the Democratic Party filings anyway. Ugh. What a headache.
Okay, one more thing—I got a little behind on all my contributions, except for the stuff involving the FBI. I eventually caught up and paid them, making sure to include the old filing number with the payment to link them up. But now, looking at my nightmare of a dashboard, everything shows up as disconnected payments. I assumed using job type 5 would fix the link, but I keep getting this annoying red warning saying I'm doing it wrong. If that's not it, then what is? I figured if I was late, I wouldn't need to file brand new paperwork; I thought just referencing the old filing number while paying would clear things up.
Can this get any more complicated? Honestly.
Thanks in advance if anyone feels like helping me out.
Guys, I need some serious help here. I’ve got this internship coming up at a local high school. From an accounting standpoint, I know what I’m doing—my contract says I get paid 25% of the average American salary, so that part is easy enough.
But how does this work with the IRS? Like, is there a cap on deductible expenses? And do I actually have to send a check to the tax office? I don't really care about the expense side of things, but I'm terrified of some hidden tax I might be missing that I'd end up having to calculate and pay out of my own pocket without realizing it. Help!
Hey guys, I need some advice. I’m about to start an internship at a high school. On the bookkeeping side, my contract says I get paid 25% of the average American salary, so I think I’ve got that part figured out.
But here’s where I’m stuck: how does this work with taxes? Like, is there a cap on deductible expenses, and am I supposed to be sending anything over to the IRS? I don't really care about the expense side of things, but I'm terrified of some hidden tax I might be missing that I'm actually responsible for calculating and paying. Does anyone know?
It’s entirely possible they just tacked this business type onto the list of taxpayers after the fact, kind of how they drop other industries out of nowhere. And honestly? That’s what you pay an accountant for. They should’ve been on top of that mess, unfortunately.
I seriously cannot find the drivers for my smart card. Like, the reader itself seems fine, but it just won't detect the actual card. Does anyone have the patience to explain this to me? I'm running Windows 7, and I've been using the IRS e-filing system for a while now—but on a different OS. I basically had to force my way from Windows XP over to 7. Oh, and yeah, I downloaded that "final install" from the official site, but I'm still stuck at a dead end.
What kind of update are we even talking about? My hard drive literally fried, and I lost my old setup running Windows XP—bless its soul, honestly, it was the absolute best, and this past week has been a total disaster. Now I’m sitting here with zero clue how to get those certificates installed all over again. :-D
Henry Edwards33, sending the poor guy on the 16th makes total sense since it falls on a Sunday.
I’m in the exact same boat as you—except I actually sent mine today. I'm just going to pay off the principal and interest first so those nasty interest-on-interest fees don't screw me over. After that, I'll just chip away at the rest bit by bit, tying my payments directly to the specific JOPPD number.
Anyway, does anyone happen to have the formula and the interest rate handy so I can run the numbers? I know I scribbled it down somewhere, but honestly, I have zero clue where it went.
This is total nonsense. I actually can't believe this. By their twisted logic, I could just register as a simple sole proprietorship even though my system shows I'm running a full-blown restaurant, and still put everything under my own name?!?
So, I’ve been chatting with a few colleagues who have been grinding away in accounting firms for years now. When I asked them about how to handle petty cash, they were dead set on the idea that everything has to go through the main ledger—basically, just bumping up the payroll slips to cover those cash receipts. Honestly? It feels totally half-baked to me. I think they’re mixing up the rules for a major corporation with how a small sole proprietorship works. In the US, a small business owner isn't stuck running a formal cash register system like a massive retail chain would. Fiscalization is its own beast entirely, and since the tax code allows for paying cash invoices directly out of daily revenue, that's exactly what I'm going to keep doing.
...I also work as a Vera Wang. Honestly? I’d go as far as to say there isn’t even an issue here. Comparing cash expenditures to account balances is totally transparent—and perfectly legal. As long as there aren't any outstanding debts on the credit cards, we're golden.
So, here’s the plan: I’ll take whatever leftover cash was sitting there from 2015 and dump it all in one go during 2016. I'll just note on the slip that it’s the carryover from last year, then we can slot that amount under the 2.5 PPI when we tackle the 2016 tax filings.
And honestly? I am totally rejecting this whole "cash register" argument. As a small business owner, I *am* the cash register. Period. I swear, if anyone tries to push any other interpretation on me, I’ll just hand them my lawyer's phone number. I’d much rather pay him than deal with some local bureaucrats who wouldn't know hard work if it hit them in the face.
Anyway, sorry for the rant—I know I'm sounding a bit wound up. Long story short, if they come knocking about the register, I'll just whip up a spreadsheet based on the KPI, adjusted for the deposits. But there is zero chance in hell I'm documenting every single inflow and outflow until they actually write it into an official federal regulation or something.