Quickbooks Hosting in the cloud: June 2017

What’s the Best Way to Access QuickBooks Remotely?

QuickBooks is everybody’s favorite accounting and financial management software, used by professionals and business owners alike. It comes with a number of great features that cater to the diverse accounting needs of a wide segment of users.

What makes QuickBooks so special is its unique user interface (UI), which simplifies accounting in a big way. The company dominates the market for accounting software, and is used by 85 to 90 percent of small and mid-sized businesses in the USA.

That should give you an idea of QuickBooks’ dominance. More and more businesses are going global today and working from a remote location is an accepted manner of doing business. However, the desktop version of QuickBooks does not come with remote access.

For that reason, you should sign up for QuickBooks Cloud. QuickBooks Hosting, which we provide, gives you the remote access to QuickBooks while delivering a number of other benefits. Let’s consider them one by one.

Using hosted QuickBooks saves time and money as there is no reason to maintain an office infrastructure. You will have up to date access to the QuickBooks software at all times, even when you are not in your office in the event of an emergency.

Different users can collaborate on the same file, and owners or managers can track the work of accountants. The gift of anytime, anywhere access, combined with multiuser collaboration can make all the difference.

You can also get QuickBooks on the Cloud through the company’s own proprietary cloud based service QuickBooks Online. However, it can be safely said that QuickBooks Cloud or QuickBooks Hosting is a much superior option compared to QuickBooks Online because you will get the same interface with our service as you would get with the desktop version of QuickBooks.

The problem with QuickBooks Online is that it is a completely new software compared to QuickBooks Desktop. The interface or UI is entirely different. So if you are going to be using it or the first time after years of using QuickBooks Desktop, you will be at a loss and won’t know how to manage the software.

With Hosted QuickBooks which is provided by us, you will have access to the same desktop version of the software with added functionalities such as anytime, anywhere access. Also, this makes a major difference to the security of your data as everything is stored in a remote server on the cloud, and can be accessed only with a proper username and password.

Multiple members of your team can have access to QuickBooks Cloud based on their level of authorization. You can be fully confident about the security of your data as it is protected with a 128-bit secure key encryption and the servers are packed in ultra secure US based data centers. Further, your data is backed up daily using a dual backup system, so there is no reason to worry about data loss.

Easiest Way to Save on Your Taxes in the USA - Move to a State with No Income Tax

Every year in the United States, taxpayers pay over $3 trillion in taxes. That’s a lot of money! Americans pay not only federal income tax, but also state income tax. This means a massive chunk of your income goes to the government.

Such high taxes can be particularly painful when you are carrying a lot of debt, such as credit card debt or student loan debt. Nobody likes to lose such hard earned money. So what can you do to make sure that you pay less in the way of taxes next time?

Move to a state with no income tax. As simple as that.

You can save up to $1,977 a year by moving to a state with no income tax as per a study by Student Loan Hero.

Let’s understand how this works.

States that collect income tax use them for funding basic services and essential programs for residents. Over 50% of state tax revenues are invested in education and healthcare initiatives like Medicaid. A number of state agencies use the income taxes to pay for law enforcement and public transport.

In most states in the country, residents have to pay both federal and state income taxes. However there are 9 states within America that don’t levy a state income tax. These states are: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. As long as you live in these states, you don’t have to pay state taxes, and so can get massive yearly savings.

How much could you save on taxes by living in these nine states? That depends largely on your income bracket and current location. So, if you are from the state of Oregon for example, you will have a state income tax of 7.75%.

This is the highest rate of taxation in the country. This means someone who makes the median salary in the state — which is about $49,710 — will need to pay $3,851 extra, in addition to the federal taxes paid by them.

So if you move to a state without state income tax, you can avoid having to pay an amount close to $4,000 a year in taxes. This is a significant amount indeed, no matter how you look at it. You can then use your tax savings to pay off student loan obligations or credit card debt.

The more you save from not paying state income tax, the easier it will be for you to get out of debt, so that you will be able to save more in the long run. Use this money to pay off your loans and lower the interest charges. You can as well save tens of thousands over the lifetime of your loan.

Now, there are costs related to moving to another state that could lower your savings somewhat, such as putting a deposit on a new house or apartment, or getting a new vehicle registration. These factors should be taken into account.

You can also save a considerable amount of money by signing up for our cloud hosted accounting services such as ATX Hosting, QuickBooks Pro Hosting, Quicken Hosting, QuickBookshosting, Sage 50 Hosting, Lacerte Hosting and ProSeries Hosting.

What’s the Difference Between QuickBooks Hosting and Quicken Hosting?

Both QuickBooks and Quicken are two of the most popular accounting software on the market. They have been developed by the same company, Intuit, which is the biggest name in accounting applications. Millions of people around the world trust Intuit products.

The best way to access these software applications is through the cloud. QuickBooks Hosting and Quicken Hosting are very popular. We have tens of thousands of people around the world who subscribe to our Hosted QuickBooks and Hosted Quickens solutions.

But there is a lot of confusion over the difference between Quicken Hosting and QuickBooks Hosting. How do they differ from each other? How to know which of the two software applications to choose? The fact is the market for both Quicken and QuickBooks is massive, and since they both have such similar names, with the prefix “Quick” attached to them, there is an obvious reason for the confusion.

As a matter of fact Quicken was released to the market by Intuit much earlier than QuickBooks. This is something not many people know about since QuickBooks is clearly the most successful software of the two.

They are both popular accounting solutions that have met with great success. However, choosing one among the two applications is not as difficult as it sounds. Let’s quickly analyse the two popular accounting applications so that you will know which among them would suit you more.

Quicken Cloud

Quicken has been around since 1983. So that makes it a 34 year old software. That is as old as it gets in the industry, which makes the fact that it is still popular today really astonishing. It is essentially a “personal finance management tool”, which means it helps you manage your finances.

Quicken makes use of a single-entry accounting system and is more suitable for personal accounting requirements. It is used for tracking and listing of all financial transactions and allows you to handle your finances with ease.

Quicken is no longer a part of Intuit. It was sold by the company to H.I.G. Capital in 2016. But it will always be associated with the Intuit brand.

QuickBooks Cloud

QuickBooks is a hugely popular accounting solution that has been the #1 accounting software for small and midsized businesses, CPA firms and accountants since 1998, when it was first introduced. QuickBooks is capable of meeting your complex accounting requirements.

The software is loaded with a number of great features that allow you to manage payrolls, prepare taxes and streamline all of your accounting operations. QuickBooks dominates the business accounting market and is the preferred solution used by over 85 percent of small and midsized businesses in the United States.

So clearly, QuickBooks and Quicken are not the same thing. Quicken is more suitable for managing personal finance for individuals while QuickBooks is ideal for business accounting for businesses, CPA firms and accountants.

We provide both Quicken Hosting and QuickBooksHosting. Contact us for a free test drive on any of our plans.