Whittier 911 Urgent accounting help

MyIRSRelief

This article is for business owners who need emergency bookkeeping, accounting services to catch up on back years and unprepared books. When it comes to your business finances no one knows better than an accountant what you are going through. Bookkeeping & Accounting

How to Work with a Forensic Accountant

RogerRossmeisl

Forensic accountants are professionals who have received specialized training to uncover fraud and protect against fraud threats. So if you suspect fraud and possibly want to take a perpetrator to court, a forensic accountant can be critical. Fraud Briefs Forensic Accountant

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Tax & Accounting Service – Preparation, Planning, Representation

MyIRSRelief

We provide specialized tax & accounting service for individuals and or businesses facing IRS or State tax problems such as: – Back Taxes . Bookkeeping & Accounting IRS Tax HelpTax Help? IRS – FTB – CDTFA – EDD tax help. .

Google Reviews for Accountants – Why Your Firm Needs More

BuildYourFirm

How important are Google Reviews for Accountants? Google Reviews for accountants are more important than ever. If you were to do a quick search in your local area on Google, say for instance, “best accounting firm in [my town]” what comes up in search results?

10 Pragmatic Guidelines to Inspire Trust in Your Accounting Firm During COVID Times

Speaker: Javier Goldin, Managing Partner at Goldin Group LLC

The accounting profession has been moving from transactional to advisory work. Advisory work is based on relationships and an ongoing dialogue. The pandemic has forced many firms into a remote environment. The implicit trust of a face-to-face interaction is gone. So how do you rebuild or reproduce that trust, key to a relationship, in a remote environment. Can it be done and if so how to best execute? Join Javier Goldin, Managing Partner at the Goldin Group, LLC, for this enlightening discussion on the elements of engendering trust.

How Cloud-Based Accounting Software Can Benefit Your Business

DuctTapeMarketing

How Cloud-Based Accounting Software Can Benefit Your Business. How Cloud-Based Accounting Software Can Benefit Your Business. One area that business owners know is important is accounting and bookkeeping, although it’s often the last area they want to spend time on. While this area of the business can be very intimidating for many, there is something you can do to lessen the burden and release stress: Use cloud-based accounting software.

Health Savings Account for Your Small Business

RogerRossmeisl

As a result, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). It’s a good time to review how these accounts work since the IRS recently announced the relevant inflation-adjusted amounts for 2021.

The Ultimate Guide to Google My Business for Accountants

BuildYourFirm

Why Accountants should Fully Optimize their Google My Business Listing. Every accountant can use some additional visibility to drive new business, and your Google My Business listing is the perfect place to start optimizing your local internet presence. Certified public accountant).

Is a Health Savings Account Right for You?

RogerRossmeisl

For eligible individuals, a Health Savings Account (HSA) offers a tax-favorable way to set aside funds (or have an employer do so) to meet future medical needs. The post Is a Health Savings Account Right for You? Individual Tax Briefs Health Savings Account HSA

Cannabis Tax & Accounting

MyIRSRelief

You need to get EA, CPA help with Cannabis Accounting & Tax if you are going to have a thriving cannabis-based business in Los Angeles or Southern California. Along with the accounting issues, it is one of the most heavily regulated industries in the country.

ABLE Accounts May Help Disabled or Blind Family Members

RogerRossmeisl

It can be done though an Achieving a Better Life Experience (ABLE) account, which is a tax-free account that can be used for disability-related expenses. Anyone can contribute to an ABLE account. Individual Tax Briefs ABLE Accounts

The Cherished Advisor®: 4 Steps to Building Your Client Advisory Services Practice With Passion & Purpose

Speaker: Amy Vetter, CEO of The B3 Method Institute

As a CPA, consultant and entrepreneur, Amy will share insights and best practices from her own experience starting and growing an advisory services practice on her own and as a Partner in accounting, and from her 10+ years of advising thousands of firm leaders on how to grow and scale their businesses. You will walk away with actionable tools, tips and resources for creating and maintaining a solid, scalable foundation for your business for years to come.

What's the Difference Between Cost Accounting and Management Accounting?

GrowthForceBlog

Spoiler alert: Both cost accounting and management accounting are intended for internal use by business leaders. Accounting & Bookkeeping5 min read. Smart leaders use it to improve organization operations and boost the bottom line.

Why an Outsourced Accounting Department Makes Sense

AccountingDepartment

Does an outsourced accounting service make sense? That is why outsourced accounting services are a growing trend among companies today. More and more businesses are allowing outsourced services to take care of their accounting functions.

The Difference: Cash Basis Accounting vs. Accrual Accounting

xendoo

As a business owner, accounting methods may not rank that high on your list of passions, but understanding cash basis accounting vs. accrual accounting can be vital to your company’s health. . Cash Basis Accounting. Accrual Accounting. Accrual Accounting and Taxes.

Register for the 2021 GovCon Accounting Summit

AccountingDepartment

Join our co-founder, Bill Gerber, at the 2021 GovCon Accounting Summit from July 20, 2021, to July 22, 2021! The GovCon Accounting Summit is the premier educational experience for government contract accounting professionals.

Common Problems with In-House Accounting Departments

AccountingDepartment

Without a doubt, accounting and bookkeeping are an important part of a business. And while having in-house employees do the accounting and bookkeeping has some benefits, there are a few pitfalls that cannot be ignored.

Rethinking the Concept of the Employee: How Outsourcing Can Help Grow Your Accounting Business

Speaker: Dixie McCurley, Principal, Digital Advisory at Cherry Bekaert LLP

The very mention of the word "Outsourcing" is enough to send shivers down the employee spine. However, this gut reaction - while understandable - is merely based on misconceptions. Outsourcing does not necessarily mean mass layoffs and transplanting offshore. Rather, it could be utilized as an employee-friendly way to assuage an overburdened staff, relieve productivity bottlenecks, and stimulate growth. Join Dixie McCurley, Principal, Digital Advisory at Cherry Bekaert LLP, for this enlightening discussion on the ins and outs of outsourcing, and what it can do for your practice.

2022 Amounts for Health Savings Accounts

RogerRossmeisl

The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs). Fundamentals of HSAs An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.”

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.

Is Your Accounting Healthy?

AccountingDepartment

Businesses can thrive or fail based on how healthy their accounting is. Measure the health of your accounting and see where you stand. Don't guess!

Why Should a Company Make the Jump to Outsourced Accounting?

AccountingDepartment

In many companies, accounting comes as an afterthought. Outsourced accounting services turn the piecemeal solutions that businesses may have added over time into a more efficient system that adds value by helping the business plan its growth.

Managing Security Issues with a Remote Workforce while Continuing to Grow Your Practice

Speaker: Jim Bourke, Managing Director Advisory Services at WithumSmith+Brown

In this discussion, Jim Bourke, Managing Director Advisory Services at WithumSmith+Brown, will share his perspective on what he witnessed during this period of change – the good and the bad, and he’ll share some of the best practices for security and privacy in our space around technology and innovative advisory offerings in this new world.

Accounts Receivable Defined

AccountingDepartment

Unless you work in accounting, you might not understand exactly what the words “account receivable” actually mean. Often shortened to A/R or AR, accounts receivable constitutes the money owed to a business.

Dangers of DIY Accounting

MazumaBusinessAccounting

When you try to manage the accounting and bookkeeping for your business yourself, you may run into trouble. Here are some things to consider before you try DIY accounting for your business. You should be able to spend time on ways to grow your business, not accounting and bookkeeping.

Common Accounting Mistakes: Government Edition - Issue #7 Accounting for Fixed Price vs Cost Contracts

SMBAccountant

This requires a detailed job costing within an accounting system for which many contractors are not prepared. These oversight bodies are not typically concerned with a contractor’s accounting system during a phase I award because of the fixed price.

Common Questions About Switching to Outsourced Accounting

AccountingDepartment

Outsourced accounting can pose many questions for a business owner that is considering making the switch, or just simply trying to learn more about the service as a whole.

Be an Odd Duck: Work on, Not in Your Public Accounting Practice

Speaker: Tom Bowman, CPA of Bowman & Company

It is possible to run an Accounting Firm and never do tax returns or financial statements! Tom Bowman, Owner of Bowman & Company, CPA, PC shares his journey and 10 step process for going from Technician to Business Owner.

Understanding Partnership Capital Accounts

CTP

Most partnerships will now be required to report their capital accounts. These accounts show the equity owned by each partner and typically include information like the initial contributions made by each partner, business profits and losses assigned to each partner, and […].

The Benefits of Accrual Accounting for Your Business

AccountingDepartment

Accounting methods are tools for businesses to use in order to record their finances and keep track of their finances. The two most popular accounting methods that businesses use are accrual accounting and cash accounting.

Common Accounting Mistakes: Government Edition - Issue #9 How Quality Management Effects Accounting

SMBAccountant

Quality management and accounting systems go hand in hand, especially when it comes to managing government contracts. Accurate indirect rates and a quality accounting system are also valued by the customer.

Learn When Your Should Outsource Your Accounting

xendoo

Should you focus on growing your core business or continue to focus on the administrative side, like managing your accounting and bookkeeping needs? With that in mind, here are some of the reasons why you should consider partnering with an online accounting firm. Forensic accounting.

Change Your Mindset: The Key to Growing Your Accounting Practice

Speaker: David Bergstein, Chief Innovation Officer at Bergstein CPA

Whether re-integrating back to in-office life or staying digitally connected through remote work, the first step in determining how to spur growth comes with reevaluating your company's willingness to change mindset. Join David Bergstein, Chief Innovation Officer at Bergstein CPA, as he shares insight on the accounting landscape, new trends, and practical tips for reevaluating your company's positionality.

How an Accounting Firm Can Help a New Small Business

PASBA

According to a 2018 survey conducted by Palo Alto Software, the owners of start-ups expressed interest in having an accountant assist them with a variety of tasks. All of this adds up to a lot of opportunity for you as an accountant or owner of an accounting firm. Sometimes it takes only a single session of sitting down with an accountant experienced with business start-ups to help get them back on track. Advice on choosing the most efficient accounting software.

Making the Switch to Virtual Accounting

AccountingDepartment

The concept of virtual accounting isn't anything new. It's been around for a while, yet a lot of accounting firms have struggled to move to this business model. If you're making a switch to virtual accounting, here's a few things to keep in mind.

Common Accounting Mistakes: Government Edition - Issue #12 R&D

SMBAccountant

For tax purposes, guidance may be different, but for this article’s purpose, the methods of recording R&D in a contractor’s accounting system will be discussed. Typically it is recorded when the expense is incurred in an R&D expense account.

DCAA Compliant Accounting Services for Government Contractors

AccountingDepartment

dcaa government accounting dcaa compliant accounting accounting systems government subcontractor accounting government contractor accounting

Common Accounting Mistakes: Government Edition - Issue #8 Unallowable Expenses

SMBAccountant

These costs must be recorded in separate general ledger accounts to be easily identified and excluded from any billing. Bad Debt – both actual and estimated losses from uncollectible accounts receivable including collection costs and legal costs are not allowed.

Automate These Accounting Tasks for Greater Efficiency

PASBA

Although other segments of the business world have mostly embraced automation, accountants have been slow to do the same. However, automation can benefit most accountants if they think of it in terms of freeing up their time and their mind to provide clients with clearer guidance and professional analysis. Below are brief descriptions of how accounting firms can benefit when choosing to automate accounting tasks.

Common Accounting Mistakes: Government Edition - Issue #11 What is GAAP?

SMBAccountant

Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required.

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!

Accounting for Cryptocurrency and Digital Assets

AccountingDepartment

Certainly, this throws a whole new monkey wrench into basic accounting platforms and raises a few questions. How is accounting for cryptocurrency handled by an accountant, and just what in the world is it anyway?

Everything you need to know about Account Reconciliation

AccountingDepartment

And, at the end of the day, it's a business leader's responsibility to ensure all accounts are balanced and accurate. Small Business Advice and Tips accounting strategies small business tips small business accounting tips accounting processes account reconciliation