inDinero Tax Tips

OCTOBER 21, 2023

Knowing how to keep track of business expenses is key to visualizing cash flow and maximizing tax deductions, but finding a system that is simultaneously easy, efficient, and accurate is no easy task. Table of Contents What Exactly Is a Business Expense? Mixing money makes tracking business expenses a nightmare.

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inDinero Tax Tips

JUNE 24, 2023

Business tax deductions – three words that can cause stress and confusion for even the most seasoned entrepreneurs. Most business owners spend their days managing operations, nurturing client relationships, and focusing on growth goals. A necessary expense is one that is helpful and appropriate for your trade or business.

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inDinero Accounting

APRIL 9, 2021

Seeing the cash-in and cash-out every month is reassuring, but you’re making the change in accounting method because your company’s growth depends on it. You are familiar with the pros and cons of cash versus accrual accounting. How do you switch a Software as a Service (SaaS) from cash to accrual? Glad you asked!

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xendoo

MARCH 16, 2022

They can use their personal accounts for business, but we strongly advise against it. Here’s why: It will make it easier to file taxes for your business (since they are separate from your personal accounts). Your accountants and bookkeepers can monitor the account more freely. Business license.

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inDinero Accounting

JANUARY 9, 2023

With teams in different jurisdictions, there will be different tax and labor laws you will need to follow. Accounting management gets messy as your team and clientele spread across the country or globe. This requires accrual accounting rather than the simple cash-basis.

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inDinero Accounting

JANUARY 9, 2023

For instance, a small business might manage their financial data with a simple accounting software like QuickBooks and their staffing with a simple scheduling software like Homebase. With teams in different jurisdictions, there will be different tax and labor laws you will need to follow. Download Now.

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inDinero Tax Tips

JUNE 13, 2022

Credit: Sean Pollock When it comes down to it, looking at the difference between a C-Corp and S-Corp is a matter of structuring the business properly for tax purposes. Both business tax structures provide reduced personal liability, an important part of running a successful company.

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