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Top 5 Best Virtual Accounting Services for 2021

AccountingDepartment

In not-so-recent history, outsourcing services such as bookkeeping or accounting was perceived as limited to just the basics—data entry, processing reports, and automated functions. With our eyes firmly on what can be done in 2021 and beyond, we’ve pulled together the top virtual accounting services you should expect in 2021.

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Accounting Expansion Plans for 2021 | AccountingDepartment.com

AccountingDepartment

As we’re already halfway through the first month of 2021, we thought it might be a good time to share our plans for the upcoming year. While some items are still to be revealed, we have a few exciting new releases for 2021 and our readers are officially the first to know!

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QB Connect Announcements for Accountants 2021

SchoolofBookkeeping

Allowing accountants to grow revenue through work they’re already doing, the new program will expand ProAdvisor Preferred Pricing through the launch of Revenue Share. Now called Books Review, new capabilities have been added to the workflow including Bookkeeping Setup and Bookkeeping Wrap-up, with Transaction Collaboration coming soon.

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Top Online Bookkeeping and Accounting Services for 2021

xendoo

Good business bookkeeping is vital for any successful company, both for legal and financial reasons. Accurate information from bookkeeping is not only necessary to know where your business stands financially at a given moment, but it is also essential for strategy planning, managing cash flow, and predicting profitability. .

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4 Ways Small Business Owners Can Stay Tax Compliant

xendoo

Keep Your Bookkeeping Up-to-Date. Up-to-date and accurate bookkeeping saves business owners time, stress, and money during tax season. . January 18, 2022 (the final installment for 2021). Using a business bank account and credit card ensures financial accuracy, which is crucial to tax compliance. Pay Self-Employment Tax.

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Franchise Accounting Pain Solved

xendoo

Others may resort to do-it-yourself accounting, which cuts into the time that could be spent on sales, marketing and other activities to grow the franchise. The solution lies in the digitization of traditional services, such as expert cloud-based bookkeeping and accounting. Looking Ahead.

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Tax Savings for Small Business Owners: Bonus Depreciation and Section 179

xendoo

If you have made or plan to make a major purchase for your business and are unsure if it qualifies, speak with an online accountant at Xendoo to learn more. . For 2021, Section 179 is limited to a maximum deduction of $1,050,000, and the total equipment purchased by a business cannot exceed $2,620,000.

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