discussion post, Economics Homework Help

  

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Part 1 – Business Deductions
An owner of an automobile body shop comes into your office for tax advice. He has been
thinking about updating his antiquated computer system so he purchased a consumer
handbook then he flew to San Francisco to visit the Apple Store to shop for computers for his
personal and business use. He wants to deduct the trip, his food, the book, and the computer
he purchased in San Francisco.
How would you advise him regarding the deductions and expenses he may be able to claim?
Make a recommendation regarding how these expenses should be treated to maximize his
deductions. Be specific with your recommendation
Part 2 navigating quickbooks
Industry trends indicate that an increasing number of organizations are moving to cloud based
accounting software. Explore Intuit Account’s QuickBooks Online Accountant application
athttp://accountants.intuit.com/accounting/quickbooks/online-accountant/. For additional
information and hands on experience, you may sign up for free access to QuickBooks Online
Accountant at https://quickbooks.intuit.com/start/qba_signup?sc=PAP-GEN3-QBOA-FIRM.
Based on your research and / or experiences, discuss the general benefits and challenges of
using the cloud with QuickBooks.

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