Shay CPA

APRIL 3, 2024

Organize according to GAAP If you’ve been following our blogs, you’ve probably seen this come up before. GAAP stands for Generally Accepted Accounting Principles. If you want to dig deeper, we talk more about this under the “Fine-tune your expense recording” heading in this blog. Within them, you can establish categories.

bookkeeping 59

bookkeeping Finance accounting and finance accounting principles 59

Xero

SEPTEMBER 20, 2023

The application period for the Xero Beautiful Business Fund will be wrapping up a few short weeks! To help us select the winners of the 2023 Xero Beautiful Business Fund, we’ve lined up a stellar list of regional and global judges. The judges represent small businesses, accountants and bookkeepers and Xero’s global partners.

small business accounting 100

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ThomsonReuters

NOVEMBER 15, 2023

Rules for cash donation tax deductions Filling out Schedule A for Form 1040 Helping clients with tax deductible donations on their tax return As the season for giving approaches, many individuals and businesses consider making monetary donations to charitable organizations. Stock or securities donations. Non-cash donations.

Tax 94

Tax tax return tax planning income tax 94

Mark Lee

DECEMBER 12, 2023

They generally move only when they feel their accountant doesn’t care enough about them, puts their fees up significantly or messes up. My advice in this blog post about safeguarding your practice largely concerns only what I might call ‘simpler’ clients. Historically most clients stay with their accountant for many years.

tax return 94

tax return Tax bookkeeping bookkeeping services 94

Mark Lee

NOVEMBER 21, 2023

I have long encouraged accountants to think of 4 categories for their clients: A – These are your best (A grade) clients – whatever that means to you. These clients are ‘Ready AND COMMITTED’ to growing their business right now. Forever Doubtful Business Owners You will recognise a number of your clients who fit this description.

Account 94

Account accountant accounted Tax 94

ThomsonReuters

SEPTEMBER 30, 2022

The IRS has announced the special per diem rates that can be used to substantiate the amount of business expenses incurred for travel away from home on or after October 1, 2022. Employees must still substantiate the time, place, and business purpose of their travel expenses.) Contributing Editors: EBIA Staff.

Expense Reimbursements 93

Expense Reimbursements Transportation Tax Account 93

TaxConnex

SEPTEMBER 15, 2020

In this blog , we’ll take a look at the 6 steps to compliance and some of the complexities that go with them. Similarly, services are generally exempt unless stated otherwise. To calculate the exposure, identify your revenue streams by product/service category by state. Determine Nexus. Quantify Your Exposure. Registration.

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ThomsonReuters

FEBRUARY 25, 2021

Amounts withheld from employees’ paychecks for their portion of medical insurance premiums typically had not been separated from other funds in the employer’s general operating account, and it appeared that the employer used the funds to pay operating expenses. Contributing Editors: EBIA Staff.

Tax 69

Tax Account accountant accounted 69

Shay CPA

NOVEMBER 6, 2023

The three different tax bases are: Business income base This is the tax base that operates how you’d probably expect, meaning you pay a percentage of your income apportioned to New York State. Business capital base This is where the surprise often comes in for companies operating in New York State. Certain businesses get a.00

Tax 52

Tax New York Technology Manufacturing 52

Shay CPA

APRIL 5, 2023

Organize according to GAAP If you’ve been following our blogs, you’ve probably seen this come up before. GAAP stands for Generally Accepted Accounting Principles. If you want to dig deeper, we talk more about this under the “Fine-tune your expense recording” heading in this blog. Within them, you can establish categories.

bookkeeping 59

bookkeeping accounting principles accounting standards bookkeeping services 59

Mark Lee

JANUARY 30, 2024

Unfortunately, the vast majority of accountants seem to fall into the latter category. Some accountants are relying on advice from social media or marketing experts, unaware that, what is often, generic advice rarely translates well to the accountancy sector. Presumably it’s to help you generate new clients?

Account 92

Account accountant accounted tax return 92

Snyder

OCTOBER 31, 2022

In this article, we’ll answer all your questions so you can have a better picture of what it’s like — to start your own small business with Shopify. A guide to e-commerce business with Shopify: 1. How to start a Shopify business: setting a goal and choosing product ideas for your store. How to add a blog to your Shopify store?

E-commerce 97

E-commerce Start-ups Tax Sales 97

ThomsonReuters

JANUARY 26, 2023

Whether the work performed is an integral part of the employer’s business. Whether the worker uses specialized skills to perform the work and whether those skills contribute to business-like initiative. For example, one of the conditions is that the business has an average dollar-volume greater than $500,000.

Legal 59

Legal Tax California New Jersey 59

Ronika Khanna CPA,CA

NOVEMBER 17, 2023

Upwork or Fiverr Short term accommodations e.g. Airbnb Task based platforms e.g. taskrabbit or pet sitting services E-commere selling e.g. ebay, Amazon and affiliate programs Writing/Blogging which generates revenue either by selling articles to publications or via ads on their website Virtual assistants, online surveys, tutoring etc.

Tax 52

Tax E-commerce audit income tax 52

ThomsonReuters

DECEMBER 1, 2021

The WCO updates HS codes primarily to account for advances in technology, the development of new products that aren’t adequately addressed in previous lists, and the elimination of products and/or categories that have become obsolete. HS updates are a major classification challenge for companies. So, for example: HS code 6105.10—applies

Technology 52

Technology Transportation Tax Account 52

ThomsonReuters

APRIL 22, 2021

It is essentially a trust established to pay certain benefits—including health benefits—to VEBA “members” (generally, current or former employees) or their dependents or beneficiaries. If plan benefits are paid entirely from the company’s general assets, those amounts are not plan assets, and no trust is necessary.

Tax 52

Tax Legal Account accountant 52

5 Minute Bookkeeping

MARCH 25, 2021

Let’s start by talking about using journal entries in general. Many clients use QuickBooks Online to manage their entire business, and need good data to be able to manage their accounts receivables, accounts payable, inventory (if they’re tracking inventory in QuickBooks), payroll, and sales taxes. I know I was.

quickbooks 98

quickbooks accounts payable bookkeeping payroll 98

Snyder

JULY 13, 2022

Read our comprehensive list of steps on how to set up an Etsy business, , find out some useful tips and implement them in your own selling business on Etsy. For selling on Etsy, the first step is actually just choosing the general settings for your business such as selecting the language, country and currency.

Start-ups 98

Start-ups E-commerce Maine accounting books 98

ThomsonReuters

SEPTEMBER 9, 2021

The IRS has announced the special per diem rates that can be used to substantiate the amount of business expenses incurred for travel away from home on or after October 1, 2021. Employees must still substantiate the time, place, and business purpose of their travel expenses.) Contributing Editors: EBIA Staff.

Expense Reimbursements 52

Expense Reimbursements Transportation Tax Account 52

Mark Lee

APRIL 4, 2023

One of the accountants I mentor has long been proud of how efficiently they look after their own business affairs. Some of the accountants in this category may, unintentionally, be undermining their credibility. As regards your business advice especially, are you practicing what you preach? Your contacts may know and like you.

Account 52

Account accountant accounted tax return 52

ThomsonReuters

JANUARY 21, 2021

Generally, disclosures for treatment, payment, or specified health care operations do not require an individual authorization. Disclosures not fitting into one of these categories—such as a disclosure to a participant’s attorney—require specific action by the individual. Individual Authorizations.

Tax 52

Tax Account accountant accounted 52

Xero

SEPTEMBER 5, 2022

Xero connects with over 1,000 apps that help small businesses and their advisors succeed, check out the Xero App Store. Each month we celebrate an app partner who stands out for helping small businesses thrive. Data and analytics continues to reshape small businesses of all kinds. Getting the full picture from your data.

Technology 72

Technology bookkeeping payroll general ledger 72

ThomsonReuters

OCTOBER 12, 2023

This applies to both individuals and businesses. Here’s a simplified overview of the key steps involved in completing Form 1116: Identify income categories. Clients should categorize their foreign income into specific baskets, such as general income, passive income, and certain other income categories.

Tax 40

Tax income tax Account accountant 40

PYMNTS

OCTOBER 9, 2020

Both Amazon and Walmart are busy prepping for what could be the biggest shopping week of the year, as Prime Day and various other events will reach consumers starting Tuesday (Oct. But before running to sell Amazon stock for its impending doom, look at Placer’s report about the overall grocery category. consumer’s whole paycheck.

New York 40

New York Maine Retail Sales 40

ThomsonReuters

MAY 6, 2022

” He adds that, “You need a general knowledge of all payroll functions.” A full-time life insurance sales agent whose principal business activity is selling life insurance or annuity contracts, or both, primarily for one life insurance company. Those who sit for the test have to finish it in four hours.

payroll 95

payroll income tax Agriculture payroll tax 95

Shay CPA

JUNE 14, 2023

In last summer’s blog, we delved into how to build an expense report template, giving you a tool you can use with your team to track what they spend. 1: Decide what’s expensable First up, you get to make the decision about what counts as a business expense for your team. Generally, these get broken into categories.

Entertainment 59

Entertainment CPA Expense Management Legal 59

Acterys

FEBRUARY 22, 2023

To deal with economic and market turbulence, businesses must create well-rounded financial plans and monitor business performance against targets regularly. FP&A teams play a key role in ensuring the financial stability of a business. Here are some examples of financial statements: 1.

financial statements 130

financial statements accounting and finance Sales Finance 130

LyfeAccounting

AUGUST 12, 2021

Keep reading because in this post, we’re going to uncover everything you need to know about how to trademark your business. They are intended to minimize confusion that could happen if two or more businesses have the same name, symbol, slogan, logo, or name. . Trademark Your Business: Why Register For One? .

Legal 52

Legal accounting and finance Transportation small business accounting 52

ThomsonReuters

OCTOBER 20, 2021

Global trade trend #1: The Trade Act of 2021 may expand duty-free trade under the Generalized System of Preferences. Denied party screening software and supply chain compliance software are two critical components of risk mitigation that can help you avoid doing business with bad actors. On July 13, 2021, the US Depts.

Technology 52

Technology Manufacturing Tax Legal 52

ThomsonReuters

MARCH 4, 2021

As background, the FFCRA and CARES Act, along with implementing regulations (see our Checkpoint article ), generally require group health plans and insurers to cover COVID-19 diagnostic testing without cost-sharing, prior authorization, or other medical management requirements. SBC Notice Requirements. Contributing Editors: EBIA Staff.

Government 59

Government Tax Account accountant 59

PYMNTS

JULY 26, 2018

Weeks after the last Babies R Us location closed, Walmart is doubling down on its baby business. Since summer and early fall have historically been when most babies are born, now is the perfect time to introduce these new shopping features for busy families,” the vice president of Walmart’s baby division online in the U.S.,

Retail 40

Retail 40

Reckon

MARCH 26, 2023

We recently sat down with Reckon’s general manager of marketing, Brad Stevens, to chat about creating a marketing plan, core considerations, the hierarchy of marketing activity and what small businesses should be thinking about. The purpose of a marketing plan at the end of the day is to support the goals of the company or business.

B2C 52

B2C B2B Start-ups Sales 52

Snyder

JUNE 9, 2022

For e-commerce business owners, income tax filing season marks the start of a highly stressful time. Among the taxes that e-commerce businesses need to file, income tax is the most common one. Business income taxes. Income tax is one of the most common kinds of taxes for business in the USA. Contents: 1.

income tax 52

income tax tax return Tax E-commerce 52

ThomsonReuters

APRIL 18, 2023

Cash flow is the lifeline for all businesses and, not surprisingly, is a top concern for many business owners. They rely heavily on cash flow statements and the expertise of their accountant to make informed strategic business decisions. Therefore, cash flow statements must be accurate. billion in cash and equivalents.

accounting and finance 59

accounting and finance accounts payable Finance Account 59

SchoolofBookkeeping

FEBRUARY 2, 2024

This is is the most labor intensive workflows, but will ultimately give the most robust reporting to be able to look back and make business decisions Perpetual Inventory Workflows (down the Perpetual Inventory Rabbit Hole) Perpetual Inventory is just the beginning. E-Commerce This is one of those workflows that could tie into everything.

quickbooks 52

quickbooks E-commerce Manufacturing Approval Workflows 52

ThomsonReuters

OCTOBER 12, 2023

This category typically includes salaries, wages, bonuses, and self-employment income received from foreign employment or business activities. tax benefit, specifically applies to this category. tax benefit, specifically applies to this category. These types of income may be subject to different tax treatment.

Tax 40

Tax tax return income tax Real Estate 40

Ronika Khanna CPA,CA

APRIL 14, 2022

Being a small business owner comes with challenges, not the least of which is doing your taxes. While most Canadian taxpayers have relatively simple tax returns that can easily be completed using software, small business owners have the additional burden of reporting details relating to their businesses.

Tax 52

Tax tax return business tax accounting and finance 52