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Five Signs It’s Time to Explore Outsourced Accounting Services

Withum

There are vendors to be paid, receivables to be followed up on, employees to be hired and payroll taxes to be remitted timely. A great source of support for a growing or midsize company is outsourced accounting services. Below are five signs that you are ready to explore outsourced accounting services.

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Errors in Posting Payroll

SMBAccountant

This typically happens in at least 2 withdrawals; net pay and payroll taxes. You would post the net pay to a labor expense account and the payroll taxes to a payroll expense account. This is incorrect and causes labor to be understated and taxes to be overstated. Many do nothing.

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Key Accounting Challenges Facing Professional Services Businesses

Basis 365

Service-based businesses, such as marketing agencies or management consultants, face several accounting issues that are unique to their industry. The overall accounting issue revolves around the matching of project-related revenue with the corresponding costs. The number one question we receive is “Can I afford to hire?”.

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5 reasons why non-profits should embrace accounting software

Reckon

Non-profits are one of the few types of organisations that seem to eschew the use of proper accounting software to manage their books! So if you’re an NFP, why should you emerge from the last century and embrace the far-reaching benefits of accounting software to manage your financial operations?

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Startup Accounting Guide: Everything You Need to Know in 2022

Accounting Seed

Target maximum revenue, growth, and profit with this in-depth startup accounting guide. If you fail to set up a robust and scalable accounting system from day one, your business will suffer from financial errors, poor planning, growing pains, and a high potential for failure. Challenges For Early-Stage Startups.

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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). It is like a complex machine, with many parts that must work together to create an effective system. What are Generally Accepted Accounting Principles (GAAP)?

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Founders – Get Huge Tax Breaks by acting now!

Shay CPA

Founders – check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. . R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits?

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