ThomsonReuters

APRIL 18, 2023

For business owners, payroll is complex and often their greatest expense. For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. Misclassifying employees Businesses need to properly classify workers (i.e., Records used to compute pay should be kept for two years (i.e.,

payroll 107

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Xero

OCTOBER 1, 2023

As a small business or advisor working with sensitive personal and financial information every day, the stakes are high. If your business or practice experienced a data breach, it could have a serious impact on your livelihood. Aside from facing hefty fines and costs, you may never fully recover the trust of your customers and clients.

Start-ups 112

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Shay CPA

FEBRUARY 14, 2024

Or you might be feeling stressed because you don’t know what to expect. By giving you a heads-up in some key areas, we can make filing your tech company’s 2024 taxes a whole lot easier — and less stressful. He teed up a few tips to help you avoid unwelcome surprises as you navigate your 2024 tech company tax filings.

Technology 52

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ThomsonReuters

APRIL 26, 2022

Finding the right accounting software for your firm will keep business records organized, improve operational efficiency, identify areas for improvement, and help you manage growth over time. Start with a plan and consider your firm’s long-term goals. What required expertise and tools do you already have?

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ThomsonReuters

JANUARY 4, 2024

Automate what you can 3. Delegate or outsource where you can 4. Long hours and heavy workloads are nothing new for many accounting professionals. You’re tasked with doing a full audit for one of your firm’s biggest clients and are told you’ll have 60 days to complete it. Jump to: 1.

Tax 71

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xendoo

DECEMBER 27, 2022

Small business financing is vital as it can make or break your business. When first starting, there are many factors that you need to consider, such as your business plan and your financing options. It’s important to plan ahead so you don’t miss any crucial steps that will bring on more than necessary.

Finance 90

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Shay CPA

APRIL 5, 2023

Employing a spring cleaning mentality at your startup — especially when it comes to your books — can do a lot to help you thrive in the rest of 2023 and beyond. If you know you’re going to undertake a new round anytime in the near (or not so near) future, it’s well worth putting in the energy to get everything tidied up and organized.

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Snyder

APRIL 25, 2022

When you have a successful business , it’s important to be able to track and manage your physical goods, and inventory management will help you with that. Whether you’re just starting out or have been in the game for a while, good inventory management for small businesses will maximize your profits and minimize expenses.

E-commerce 98

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Xero

MAY 27, 2022

Part of the government’s plan to digitalise the UK tax system and make it easier to get your tax right, MTD for ITSA requires landlords and those who are self-employed and earning above £10,000 annually to use MTD-compatible software to keep digital records and submit updates to HMRC. . How can landlords calculate income for MTD?

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Withum

FEBRUARY 24, 2023

Planning should be for the long term to achieve specific goals or attain strong financial security. In those cases, current economic and political activities should not cause abandoning your plans unless there is an underlying change in your circumstances or the fundamental assumptions you made.

Start-ups 69

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DuctTapeMarketing

JULY 31, 2018

Consulting Business. Small Business Finances. How Cloud-Based Accounting Software Can Benefit Your Business. How Cloud-Based Accounting Software Can Benefit Your Business. As a business owner, you are all too aware of the many moving pieces it takes for a business to run smoothly.

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Withum

SEPTEMBER 14, 2022

Perhaps the worst news for tax evaders is not the IRS’s expected hiring binge; rather, it should be strides the IRS is making in another area – data analytics. The IRS has learned how to use the vast amount of data at its disposal to identify compliance issues and reporting anomalies. 10 Troublesome Tax Schemes.

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Reckon

SEPTEMBER 28, 2022

We also unpacked some of the most recent trends you should be looking out for, and a few easy ways to improve your own digital marketing as a small business owner. As a digital marketer, can you give us a brief idea of what digital marketing entails? What is it that do you do here at Reckon?

B2B 52

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Mark Lee

OCTOBER 17, 2023

If you did some work for a client but they weren’t happy because you made a big mess of it, would you insist on charging them extra to correct your mistake? I hope you wouldn’t even consider trying to charge extra to resolve a mistake of your own making. Let’s be realistic. I have shared 8 distinct examples below.

Account 94

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Xero

JULY 11, 2022

After nearly three long years, Xerocon London is back, and may not be quite as you remember it. With a swish new venue and a summer date, we can’t wait to welcome you – whether you’re a Xero user, or a cloud accounting enthusiast – back for two days of insights, inspiration and networking. . Pack for comfort.

bookkeeping 63

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5 Minute Bookkeeping

FEBRUARY 3, 2022

If you’re here, you’ve likely heard of the 5 Minute Bookkeeping blog, and maybe the 5 Minute Bookkeeping YouTube channel , too. I love interacting with our community online, and I thought that for a change, you might want to see a behind the scenes look at how I put together the videos for my YouTube channel. Show me the money!

bookkeeping 52

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ThomsonReuters

DECEMBER 17, 2020

In this episode of Pulse of Practice “Should a Small Firm Care?”, Paul Miller, CPA from Business by Design , and I are joined by Brian Fox, Founder of Confirmation, part of Thomson Reuters. How public company fraud affects the small CPA firm. How public company fraud affects the small CPA firm.

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inDinero Accounting

APRIL 8, 2023

As a founder, operations or finance manager, you’ll be faced with a myriad of pivotal choices on a daily basis. Your choice between accrual vs cash will affect your business in several ways. Second, it will modify the timing of your tax liability for earnings and when you can declare expenses.

accrual accounting 52

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Snyder

JANUARY 8, 2023

What does it mean for small businesses? You guessed it! This article answers the questions for anyone curious about how to start a dropshipping business: What is dropshipping? How does it work? How can you find a dropshipping niche? Are you in? What is a dropshipping business?

E-commerce 98

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ThomsonReuters

FEBRUARY 23, 2023

To help accountants better manage client expectations during tax season and beyond, this article will provide actionable insights and will explore such areas as why it is important, how to set realistic expectations, and how to approach difficult clients. Knowing what to expect can help staff better navigate issues should they arise.

Account 59

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ThomsonReuters

APRIL 4, 2022

Whether you’ve read about it in industry publications, heard about it at trade conferences or discussed it with your peers, you know that more and more firms are shifting away from compliance-based practices in favor of higher-value advisory services. You see the value in investing in the solution, but will your boss?

tax preparation 97

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LyfeAccounting

OCTOBER 18, 2020

?. Today, I’m going to give you 15 reasons why bookkeeping is important. You heard that right, not 5, 15 convincing and valid reasons. There are a ton of things that are important to businesses owners like: sales. The question is this: What story is your bookkeeping telling you? It Helps You Stay Organized.

bookkeeping 52

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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

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ThomsonReuters

JULY 2, 2021

In the aftermath of Brexit, most companies that conduct business in the United Kingdom (UK) and European Union (EU) have absorbed the initial shock and are now looking for more stable, long-term solutions to the challenges posed by the UK’s new trade regime. Rules of origin requirements post-Brexit. animal health certificates).

Technology 98

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Nancy McClelland, LLC

AUGUST 21, 2023

There have been rumblings in the news for quite some time now about small businesses being required to provide retirement plans for their employees — but most owners seem to be turning a deaf ear, presuming that their small size exempts them from the requirement. Why Is Illinois Making Small Business Owners Do This?

Illinois 52

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Nancy McClelland, LLC

AUGUST 21, 2023

There have been rumblings in the news for quite some time now about small businesses being required to provide retirement plans for their employees — but most owners seem to be turning a deaf ear, presuming that their small size exempts them from the requirement. Why Is Illinois Making Small Business Owners Do This?

Illinois 52

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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. Someone is going to be short on their order.

quickbooks 52

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Snyder

SEPTEMBER 22, 2022

bn), Amazon provides a successful online retail platform for businesses of all scales and sells its own branded goods and services. In this article, we’ll look into dropshipping on Amazon and cover everything you need to know about it. . How does Amazon dropshipping work? How profitable is dropshipping on Amazon?

E-commerce 52

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LyfeAccounting

OCTOBER 19, 2020

?. In today’s post, I am going to explain a pretty confusing concept in accounting and business. Long story short, he thought he was making more than what was in the bank account and couldn’t understand why his 8-figure business, only had 6-figures in the bank. Did you do something wrong? Did you see that?

accrual accounting 52

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Basis 365

MARCH 30, 2023

BREAKING DOWN THE DIFFERENT ACCOUNTING PARTNERS YOU MAY BE CONSIDERING AND WHICH ONE IS RIGHT FOR YOU. Basis 365 was created to deliver a unique, outsourced accounting experience to small businesses by providing a virtual accounting department using cloud-based accounting applications.

accrual accounting 52

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LyfeAccounting

MARCH 31, 2021

When it comes to investing in cryptocurrencies like Bitcoin and Euthereum, it’s common to think about the massive gains you can get. And as long as Bitcoin continues mooning to an all-time-highs, we don’t blame you. But, you should also consider the possibility of paying taxes when you sell your cryptocurrency.

Tax 52

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LyfeAccounting

JULY 19, 2021

Let’s talk about how to buy rental properties with an LLC, otherwise known as a limited liability company. Now whether you are an aspiring real estate investor or a current real estate investor, you may want an LLC for various different reasons like having a tenant that’s a little “sketchy?”. Keep reading!

Real Estate 52

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LyfeAccounting

MARCH 10, 2021

Avoid Paying Tax Penalties: Here’s How. You work hard for your money, s o why would you want to give it away for free? Well, if you want to put yourself at risk of IRS tax penalties in 2021, then you’re doing exactly that. 5 Things You Should Know About Tax Penalties. Delay taxes for a stimulus check?

Tax 52

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Snyder

NOVEMBER 10, 2022

The biggest tax season challenge for a small business is tax preparation and filing. If you want to harness the tax game and avoid losing money, employing tax preparation software for a small business can be a game changer. You can start with something simple. Top tax preparation software for small business owners.

tax preparation 52

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ThomsonReuters

APRIL 18, 2023

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. And today, many public companies are rethinking their processes and technology to ensure long-term sustainability.

Account 52

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ThomsonReuters

JANUARY 12, 2023

In addition to helping businesses and individuals follow the required accounting standards and tax laws, accountants are increasingly capitalizing on new ways to utilize their knowledge and experience to make a positive impact on the clients they serve. . How does it compare to traditional accounting services?

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LyfeAccounting

OCTOBER 14, 2020

Today, I’ll be deep-diving into the bookkeeping basics for small business. And by the end of this post, you’ll understand the importance of bookkeeping and how to properly complete your bookkeeping in just a few simple steps. Ready to learn the bookkeeping basics for small business? Of course, you have! That’s a mouthful!

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