Tax Guru – Ker$tetter Letter

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Archive for October, 2006

Buying QB 2007

Posted by taxguru on October 9, 2006

 

Q:

Subject: Question re Quick Books 2007

 Kerry,

You said in last weeks E-Mail to upgrade to 2007 so I am
 
I checked the QB website and they said for me to upgrade to Pro 2007 (the Basics edition was phased out in 2006) will cost $199.00 as an upgrade.
 
Is there any place to get it cheaper than that?   I thought if you already owned QB, you could download a cheaper update than $199.00….should I check Sam’s Club and just buy the software again? 
 
Thanks for your suggestion,

A:

2005 was the last year they sold the basic version. That was a shame because it did everything we needed for tax return purposes, so I always recommended that one.  I guess Intuit was so upset that so many buyers were choosing that inexpensive version that they had to dump it in order to squeeze more money out of buyers who now only have the Pro version on the lowest price end.

$199 is the regular retail price.  Historically, it’s always been possible to beat the normal retail prices  at warehouse clubs, eBay and via the banner ads on my websites.

As a test, I just checked those prices and here’s what I came up with.

Sam’s Club shows it as available on 10/16/06 for $158.18.

Clicking the square banner on my blog, it had the Pro 2007 program as $169.96.

 An eBay search came up with a bid price of $120 and a BuyItNow price of $169.99.

Since you have a Sam’s Club right there in Springfield, I would probably pick it up there and not have to worry about shipping costs.  We have to drive 1.5 hours to reach a Sam’s in person, so I would probably buy it from them online.

I hope this helps.

Kerry
 

Follow-up:

Kerry,
 
Sam’s Club in Springfield did not have the 2007 version, but were selling the 2006 Pro QB for $149.98……I’ll go online and see if I can buy it….
 
thanks for the info.

  

 

Posted in QB | Comments Off on Buying QB 2007

Posted by taxguru on October 9, 2006

Preserving a Donor’s Intent

Interesting dilemma.  Technically, you are not allowed to attach strings to deductible charitable gifts.  However, you assume the charity will use it according to its guiding principles and not in some way contrary to that.  Of course, we see these kinds of problems a lot over time, such as with foundations originally funded in support of capitalistic principles using their money to support leftist causes (Ford Foundation, et al).

 

Posted in Uncategorized | Comments Off on

or at least more affordable…

Posted by taxguru on October 8, 2006

Posted in Uncategorized | Comments Off on or at least more affordable…

Our not so silent financial partner is never far away…

Posted by taxguru on October 8, 2006

Posted in Uncategorized | Comments Off on Our not so silent financial partner is never far away…

Once a bully, always a bully

Posted by taxguru on October 7, 2006

The insatiable need to steal money from other people may be a lifelong illness for many of our rulers.

Posted in Uncategorized | Comments Off on Once a bully, always a bully

Special QB Utilities

Posted by taxguru on October 7, 2006

 

Q:

Subject: Big Red Consulting / Quickbooks Question
 
Hi Kerry –
 
Came across your comments on your website concerning Big Red Consulting‘s tool to transfer transaction files between companies and was looking to purchase that. I am, however, always a bit hesitant on downloading a third party tool that comes in contact with company files etc. Also curious on your experience on this tools functionality.
 
– Essentially have two copies of the same company and need to update one computer with some but not all transactions for some vendors (payments, address changes etc) and also invoices. Simply said Computer A contains 90% of the invoice/payment transactions but need to update it with the 10% that is on Computer B without wiping out/replacing the 90% info that is on Computer A.
 
The Big Red website seems to indicate that this is what this tool is designed to do but wanted to see what your experience is on this.
 
Very much appreciate any feedback on this…just want to be sure to get the right tool the first time.
 
Best Regards,

A:

I purchased my first programs from Big Red in April 2002 and have never had any problems when using them.  They have always performed as advertised.  Neither have I ever heard of any problems from others who I have advised to use those programs to perform their specialized tasks.

To be on the safe side and to protect the integrity of your original data files, it would be a good idea to make copies of them to work with in any process that you may be unsure of.  That way, you will always have to option of going back to the pre-modified state.

I hope this helps you feel more comfortable in utilizing the handy tools that Bid Red has for working with QB files.

Good luck.

Kerry Kerstetter


Follow-Up:

Thanks Kerry – Appreciate you get getting back to me.

 

The best book on QuickBooks Premier Editions

Posted in QB | Comments Off on Special QB Utilities

More on inflation adjustments for capital assets:

Posted by taxguru on October 6, 2006

 

From a reader:

Subject: Re: Inflation Adjustments To Capital Gains

Many thanks for the link to the Capital Gains Index pdf file.

This is Henry Paulson’s chance to leave a real legacy at Treasury; it could be backed up by Ben Bernanke who made a good case for the necessity of raising the national saving rate to help offset the looming entitlement disaster.

 
Indexing cost basis would encourage more saving via lower tax rates. ( I can almost hear certain Senators supported by the MSM howling about how indexing would benefit the eeeevil rich plus how the government is going to lose so much of our money.)
 
 

Posted in Uncategorized | Comments Off on More on inflation adjustments for capital assets:

Battling the Dark Side…

Posted by taxguru on October 5, 2006

Posted in Uncategorized | Comments Off on Battling the Dark Side…

Inflation Adjustments To Capital Gains

Posted by taxguru on October 5, 2006

 

I received the following email this morning:

Subject: CapGains Indexing – Legal Brief
 
Hi Kerry:
 
Pete Sepp with National Taxpayers Union here; we corresponded several years ago about a legal brief that our foundation helped to prepare on how the President could order capital gains indexing without an act of Congress. You had expressed interest in seeing an online copy. Just thought you’d like to know that we have FINALLY been able to scan and post the whole 90-page document on our website. I invite you to check it out at:
 
 
Enjoy! Pete

Pete Sepp
V-P Communications
National Taxpayers Union
703-299-8667
pressguy@ntu.org

I wrote back:

Pete:

Thanks for passing that along.  I’m also glad to see that you posted it to the Latest News section of your website.

I have been assuming that the conclusion reached back then is still the same now and have been hoping that Bush 43 can be more forceful on this issue than his father was and not rely on official legislation to enact this COLA indexing.

I wrote about this most recently a month ago, but will update my website and blog for this new pdf file.

Thanks for keeping me in the loop.

Kerry Kerstetter

I have since updated my website page on this topic to include a link to the new PDF version of this report.

 


Go Daddy Domain Names

Posted in Uncategorized | Comments Off on Inflation Adjustments To Capital Gains

Posted by taxguru on October 5, 2006

Experts Say Retirement Portfolios Should Include Real Estate – Sounds familiar. Real estate is so much more reliable (as a tangible asset) and less volatile than are stocks.

 

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