News and Tips from Shelby Financials' Product Owner
Dave Heston has created an excellent help document for correcting any oversights, or mistakes in recording employee compensation related to the Families First Coronavirus Response Act’s Paid Sick Leave. Click here to download Dave’s guide. Click here to view my Read More
New for 2020 Year-end There is a new Form 1099 MISC with several changes. If you only have 1099 activity in 2020 for “non-employee compensation,” then you will need to use the new Form 1099 NEC. If you have more Read More
Payroll Tax Deferral What I know as of this post is that on August 8, 2020, the President directed the Secretary of the Treasury to use his authority to allow employers to stop withholding Social Security payroll taxes for the Read More
New regulations now require COVID salary payments to be reported in box 14 on employee’s Form W-2 2020. If your organization has issued COVID salary payments, as defined by the Department of Labor, then you will need to report those Read More
I know that things for daycare and school attendance are a bit uncertain as of this post. But, yes, it just might be a good time for you to start thinking about revising your Accounts Receivables’ procedures or adding AR Read More
I am in the process of creating a new application with a small church in mind. If you are interested in seeing the prototype and offering your opinion as to its value, then please let me know by leaving a Read More
Shelby Financials budget tool provides a method to revise your budget and also keep a copy of your original budget. The Budgeted Financial Statement and the Financial Spreadsheet offer options to use original, or revised budget figures. Click HERE to Read More
Friday, June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act, which the U. S. Senate passed with a unanimous vote. There are two major changes. First, the period in which funds can be used has tripled from Read More
If you find yourself entering a lot of checks into Accounts Receivable, then checking your entries, then posting the batch, why not let your customers do all of that work for you? It is easy to start using ShelbyNext Giving Read More
May 15, 2020, UpdateU.S. Treasury released the PPP Forgiveness Application form. Just click to download the PDF.