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Straight answers.
What should the first conversation cover? Bring the month's name so the talk starts on a real period. The close is finished when the file and the bank agree, and the recap is what you leave with.
What do you need to start? A user invite or read-only access to the QuickBooks Online company, the last month you trusted, and a sentence about how far back the gaps go. The login that pays people can stay yours.
Do you run payday? No. We set up the provider you run, the registrations at the start, and the wage lines in the file. The pay run stays with you.
What about sales tax when the morning crosses a city line? The local piece follows where the sale is sourced. We trace it to the payment that cleared instead of assuming every job happened inside Arlington. Inside the city the combined rate is 8.25 percent, state 6.25 plus city 2.0, with no county or transit slice.
When is the franchise report due? On 15 May, even when nothing is owed. The no-tax-due line on this cycle's report is 2,650,000 dollars. Past the no-tax-due receipts, retail and wholesale are computed at 0.375 percent. Other activity uses 0.75 percent.
What is the April date people forget? That forgotten April date is the business personal property rendition filed with the Tarrant Appraisal District. The fixed asset list should agree with the books. The district mails a Notice of Appraised Value. These pages do not guess the tax rate on the bill.
Does no state income tax make the year simple? It removes one return. It raises the stakes on the federal return, which is why the months have to be closed before that return is prepared.
Can a lender still get numbers from a closed month? Yes. A lender can receive a statement built from a month that already closed. The limit on what else can be signed is written on the disclosures page, and that page is the one that governs.
How fast is a reply? Count on the working day the note arrives, or the following morning when it came in late. No clock on this site runs out. If two companies share a card, say so in the first note, because the transfer has to be written before either month can close.
