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Business Bank Account Basics for Skagit County Business Owners

SkagitCountyTaxServices

Okay … so along those lines (and speaking of critically important tasks), if you haven’t yet set up an appointment to get your tax filing rolling, we suggest you get on that pronto. To open your account, get your federal and state tax ID numbers, aka your Employer Identification Number (EIN). Let’s talk about it. 360-424-1040.

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

All small business owners need to be familiar with basic accounting and bookkeeping, as it gives them a clear picture of the state of their finances, allows them to make informed business decisions, and lets them react to any adverse changes faster. Small business accounting basics. Income statement.

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Accounting Basics for Small Business: A Simple Guide

Snyder

So for a small business owner, it’s vital to understand accounting so they can understand their business and also be able to communicate with banks and investors. What is small business accounting? Basic steps in accounting for small businesses. Open a business bank account.

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Accounting Basics for Small Business Owners [By a CPA]

LyfeAccounting

But interestingly enough, many small businesses often neglect their accounting until tax time, or don’t do it all. 9 out of 10 small businesses that fail, fail due to financial mismanagement of their company. As a CPA that studies and practices accounting, I know that accounting isn’t the most exciting thing in the world.

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Best Accounting Blogs: Finding a Great Blog for Accountants

Snyder

No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. We’ve compiled some great examples of accounting blogs to help you stay up to date on breaking news, the latest accounting software, cloud accounting, taxes, finance trends and so much more.

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What Are Assets?

MazumaBusinessAccounting

When putting a current value to your assets, you or your accountant will need to consider the following: fair market value – when the value of an item is agreed upon by a motivated buyer and the seller. depreciation – the process applied by your accountant to spread the expense of your asset over time.

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Finance and Accounting Outsourcing: Benefits for SMBs

Snyder

Many small business owners choose to initially manage their finances by themselves, sometimes with the help of only Excel spreadsheets. But as the business grows, so do the needs. Payroll tax, invoicing, and leger management are becoming more complex and begin to take much more time than initially anticipated.