PYMNTS

JANUARY 19, 2018

where payments and FinTech companies have worked to raise awareness of the issue, and where government policymakers have taken steps to combat the problem. According to the latest figures from Dun & Bradstreet, small businesses (SMBs) in the U.K. When it comes to late B2B payments, eyes most often turn toward the U.K.,

Government 40

Government accounting and finance B2B Finance 40

CPA Practice

FEBRUARY 1, 2024

CPAs and accountants are uniquely positioned to help their clients out with a variety of advisory services. Making more money ranked higher than getting financing or seeking acquisition, but just how are they getting their money? 2: Help Them Add to Their Payrolls In 2024, 71% of small business owners say they want to hire workers.

E-commerce 64

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LyfeAccounting

JUNE 21, 2021

Opening a business checking account at the same place where you bank personally may not be the best option for your business. So, what are the best business checking accounts for small businesses? How To Compare Business Checking Accounts. Best Business Checking Accounts For Startups.

Account 52

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xendoo

MARCH 16, 2022

As you try to figure out which need to prioritize in your new venture, it is crucial that you first learn how to set up accounting for a new business. While it might seem mundane, good accounting is integral to the success of any business. However, we know that money can be tight for new business owners. .

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MazumaBusinessAccounting

NOVEMBER 1, 2022

A business plan will also help you stay organized throughout the entire startup process. Determine Your Financial Strategy Figure out your finances early on so that you can ensure you get your business off the ground. Without proper financing, it will be difficult to start your business.

accounting and finance 52

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MazumaBusinessAccounting

NOVEMBER 2, 2022

It’s important to address all of the major components of your business so that when you are at the financing stage of the process, there will be a clear explanation of what your objectives are and what you plan to accomplish with your business. Without proper financing, it will be difficult to start your business.

accounting and finance 52

accounting and finance bookkeeping small business accounting Start-ups 52

PYMNTS

FEBRUARY 1, 2021

Automatically looping information across various financial platforms — including accounts payable (AP), accounts receivable (AR) and expenses — is critical to achieving a real-time view of cash positions and developing more accurate forecasts. Data integration is climbing to the top of chief financial officers' priority lists.

payroll 98

payroll Technology accounts payable accounting and finance 98

PYMNTS

MARCH 28, 2018

-based BleuPage is rolling out Bizggro, a suite of solutions for small businesses and entrepreneurs. The tool combines an array of services, including customer relationship management (CRM), accounting, expense management, document management, recordkeeping and more. hours every month on bookkeeping tasks.

bookkeeping 51

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LyfeAccounting

FEBRUARY 14, 2021

A CPA is a Certified Public Accountant. And by the way, an accountant is someone who is responsible for recording and interpreting financial information. CPAs are in the top-tier of accountants. There is no higher designation in the finance or accounting industry than the CPA license. In one word – business.

CPA 52

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PYMNTS

FEBRUARY 27, 2020

The company recently debuted its data aggregation feature designed to provide a holistic view of customer finances across the various tools they use. Implications on data security in the financial services market are particularly sensitive, he added, particularly as the government looks to reign in shadow banking.

quickbooks 77

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LyfeAccounting

JULY 11, 2021

So technically, it is a non-refundable tax credit for income taxes paid to a foreign government as a result of foreign income tax withholdings. The post Foreign Tax Credit vs Foreign Earned Income Exclusion appeared first on Small Business Accounting & Finance Blog. Let’s dive in! What is a Foreign Tax Credit?

Tax 52

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PYMNTS

MARCH 28, 2017

The small business accounting company said Monday (March 27) that it estimates SMEs in the country are owed more than $20 billion, with these debts putting companies’ ability to pay staff and suppliers in jeopardy. But Xero said the government should tread carefully when taking action on this issue. “In

B2B 44

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LyfeAccounting

JUNE 1, 2021

List of Small Business Grants: 2 Main Types. The first thing to know is that there are two main types of grants – government grants and private grants. Government grants are provided by your federal and state governments. Nav’s “Legitify Your Small Business” Grant. by government agency.

Non-Profits 52

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PYMNTS

JANUARY 26, 2018

Once again, alternative finance, or AltFin, proves its staying power, especially across Asia. uses artificial intelligence to facilitate faster B2B payments, enabling large corporate buyers to pay their small business (SMB) suppliers on the day an invoice is received. SMB Accounting. B2B Payments. StreetShares.

B2B 54

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LyfeAccounting

MARCH 10, 2021

CPA services are accounting services that are provided by a Certified Public Accountant, also known as a CPA. Most CPAs have Master’s Degrees in Business or Accounting with at least a few years of experience under a CPA. Compilations are basically financial statements that are prepared by an outside accountant.

CPA 52

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LyfeAccounting

APRIL 4, 2021

And in addition to that, many states are following suit with the extension from the federal government. Now if you own a business and you’re self-employed and you make a good amount of money then usually you have to pay what is called estimated tax payments. So with that being said, many state deadlines are also May 17, 2021.

Tax 52

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LyfeAccounting

JANUARY 28, 2021

The rules regarding accredited investors are governed by SEC Rule 501 under Regulation D of the Securities Act of 1933, which was a government response to the Great Depression in the 1930s. In other words, the government wants to make investing safer for people who cannot afford to lose a lot of money.

Tax 52

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LyfeAccounting

NOVEMBER 25, 2020

Also, as a disclaimer, I have to say that this is not financial advice and you should always consult with your specific accountant or lawyer. After that, you’re going to have to input the date the PPP Loan arrived in your bank account. How to Apply for PPP Loan Forgiveness. Choose between a 24 week or 8 week period. Talk to us today!

payroll 52

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LyfeAccounting

APRIL 27, 2021

Well, it’s not just free money from the government (though it might feel that way). Based on the average financing rate of a vehicle, which is 5%, you just paid $175 more in interest on your car payments. But when it’s in the government’s hands, there’s no telling when you’ll actually have that money back. And why is that?

Tax 52

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LyfeAccounting

DECEMBER 1, 2020

Step 3: Putting together your governing documents. After you have your EIN, you’ll then be able to open a business bank account. This is critical and necessary for keeping your personal finances separate from the business. Now assuming you already have a business such as an LLC and want to incorporate.

bookkeeping 52

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LyfeAccounting

JUNE 29, 2021

Or maybe you just have your own cynical reasons, like “The government is evil, there is no way they are going to give you free money. If you have an IRS account or ID.me account, all you have to do is sign in and you’re good. You’re going to have to pay it all back.”. And in order to do so, you must verify your identity.

Tax 52

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LyfeAccounting

DECEMBER 31, 2020

Moving on… Every quarter, an employer has to file quarterly employer tax forms to remit taxes to the appropriate government agencies. As accountants and business owners ourselves, we know how complicated taxes can get. appeared first on Small Business Accounting & Finance Blog.

payroll tax 52

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LyfeAccounting

APRIL 22, 2021

See, credits provide a dollar-for-dollar reduction of your income tax and are given by the government to reward certain types of behavior that benefit the US economy. And as a result, Amazon not only shows less profit but the government also gives them credits that reduce their tax liability. How to Write Off Taxes Like Amazon.

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PYMNTS

MARCH 12, 2019

Les Whiting, chief financial services officer at small business FinServ firm Wave , explained in a recent interview with PYMNTS that the M&A strategy enables service providers to facilitate the data connectivity that small business owners need to manage finances.

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LyfeAccounting

DECEMBER 7, 2020

And after helping hundreds of businesses with their accounting and taxes, we know a thing or two about it. It doesn’t matter if you have one employee, 10 employees, 50 employees or haven’t even started your business yet, you are going to want to read this post in its entirety. More specifically, 6.2% State Unemployment Tax Act.

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LyfeAccounting

JULY 1, 2021

Are you a crooked politician or someone who occasionally takes money in exchange for government contracts ? They didn’t get to enjoy their inflated income for too long before they were arrested and charged with taking kickbacks worth over 20 million dollars from contractors in exchange for large government contracts and inflating invoices.

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LyfeAccounting

AUGUST 10, 2021

Now let us briefly define what a small business grant is. The two biggest places to get grants are from government agencies or organizations. For example, many people may not know, but last year Facebook provided $100M in cash grants and ad credits to help small businesses across 30 countries.

accounting and finance 52

accounting and finance Finance Start-ups Gaming 52

LyfeAccounting

AUGUST 12, 2021

For example, multiple pizza businesses are not able to register the name Domino’s, but both Domino’s pizza and Domino sugar can trademark the word Domino as they are not in the same class of products and services. . Even trademarks not registered are often recognized by the federal government. Steps On How To Trademark Your Business.

Legal 52

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LyfeAccounting

JULY 16, 2021

If you lost your job last year and started collecting unemployment benefits from the government, this update applies to you. The post Unemployment Tax Refunds Update & Amended Return Requirements appeared first on Small Business Accounting & Finance Blog. For this round, the IRS identified about 4.6

Tax 52

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LyfeAccounting

JUNE 30, 2021

The key here is moving away from personal credit and starting to develop your business credit. Business credit is very similar to personal credit. Business credit is the ability of a business to qualify for financing. Once you register your business and have an EIN, you can now open a business checking account.

Real Estate 52

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PYMNTS

APRIL 10, 2018

According to the People’s Bank of China, small businesses accounted for about a third of all outstanding loans in the country as of April of last year. The statistic follows a push by government officials to promote lending to small businesses to drive economic growth and development, reports in FINSMES said last week.

CPA 49

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LyfeAccounting

MAY 27, 2021

This would eliminate the tax penalties they added to your account. From there, they can look up your account and remove the additional fees. Just keep in mind that though the IRS can help clear up your questions, their main job is to collect taxes on behalf of the US government. Tip #2: Don’t miss the deadline to respond.

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xendoo

APRIL 20, 2021

There are a lot of compelling reasons you need a bookkeeper, and for most small businesses, it’s generally more cost-effective to outsource the accounting and bookkeeping services to professionals like Xendoo that work with small businesses than trying to do it in-house. Choose an Accounting Method.

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LyfeAccounting

MARCH 10, 2021

To elaborate further, our taxes help pay for government funding, which the government helps provide so many benefits for our country. So when you owe money and you’re late filing taxes, the government has less funding and you’re penalized for that. Like our military and our country’s infrastructure to name a couple of things.

Tax 52

Tax tax return Real Estate Government 52

LyfeAccounting

NOVEMBER 17, 2020

It is not meant to take the place of legal and accounting advice specific to your business. These are income taxes withheld from employees and paid directly to the federal and state governments. appeared first on Small Business Accounting & Finance Blog. With that said, let’s talk about taxes.

income tax 52

income tax payroll tax payroll Tax 52

LyfeAccounting

NOVEMBER 16, 2020

For starters, lawmakers have spent the last few months fighting over the next round of relief, including another round of PPP, which has some accountants recommending to their clients that they should hold off on applying for PPP loan forgiveness. Now obviously debt can be especially overwhelming for any person or small business.

payroll 52

payroll income tax Tax accounting and finance 52

LyfeAccounting

SEPTEMBER 15, 2020

A draw is simply money you withdraw from your business. Think of a bank transfer from your business bank account, to your personal bank account. A draw is a type of owner distribution, which is distributing money from your business to yourself. appeared first on Small Business Accounting & Finance Blog.

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