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Correctly File Your Sales Tax Returns in Four Steps

TaxConnex

Consumer’s Use tax is imposed on the storage, use or consumption of a taxable item or service on which no sales or seller’s use tax has been paid. These forms and the corresponding tax you are required to remit are determined and set up by the state based on the company’s initial registration as a taxpayer in that state.

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Checklist for Small Business Startups

SMBAccountant

Budgeting helps with financial planning, expense management, cashflow management, goal setting, and identifying plausible opportunities and associated risks. Establish a system for collecting and remitting sales tax if required. Additionally, they provide accountability to everyone involved.

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Your 10-step checklist for end of financial year in 2024

Xero

Evaluate your business expenses You may be able to claim business expenses in your tax return to reduce the total tax you need to pay. Go over your business expenses to understand where money was spent and identify where you can potentially claim expenses against your taxable income.

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Your Firm and Your Tools – Top Technology Initiatives

CPA Practice

Automated Data Entry and Expense Management Automation tools like Dext Prepare , Expensify , Zoho Expense , and Hubdoc leverage optical character recognition (OCR) technology to streamline data entry and expense management.

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The Power of AI for Accountants

Accounting Insight

Tax compliance. Expense management. AI is an effective way for Accountants to omit human error in activities such as tax return preparation and is also a useful tool for helping Accountants to provide clients with useful insight into developing tax regulations. Predicting analytics. Client engagement.

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How Client Conversations Can Turn Tax Season Into Opportunity Season

CPA Practice

For many accountants, busy season can certainly feel more like “survival season” – last year, nearly 200 million individual and business tax returns were filed , with accountants shouldering a large portion of the work.

Tax 121
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How Client Conversations Can Turn Tax Season Into Opportunity Season

CPA Practice

For many accountants, busy season can certainly feel more like “survival season” – last year, nearly 200 million individual and business tax returns were filed , with accountants shouldering a large portion of the work.

Tax 93