MazumaBusinessAccounting

AUGUST 29, 2022

Yes, you do need a bookkeeper even if you have Quickbooks. We understand that you’re a small business owner, and you want to save money where you can. Accountants and bookkeepers can offer so much more than Quickbooks. Why You Need a Bookkeeper Even If You Have Quickbooks. Catch More Mistakes. Offer Suggestions.

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Ronika Khanna CPA,CA

MARCH 5, 2024

There are essentially two ways to file your GST/HST online: CRA My Business Account Online Business Banking In this post, I will be reviewing how to do it via CRA My Business Account. If you have more complex transactions, that I don’t discuss here and you are not sure, I recommend speaking to an accountant.

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xendoo

MARCH 4, 2022

Many ecommerce owners understand the importance of making sales, but do you know how to record ecommerce sales for your accounting system? Ecommerce business owners have some degree of flexibility that physical storefronts cannot afford. Here is a complete guide for ecommerce businesses. What is accounting for ecommerce?

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xendoo

FEBRUARY 23, 2022

As tax season looms, you may be wondering whether you should have an accountant prepare your taxes. In addition to considering how much an accountant costs , you’ll also want to consider how long an accountant will take to do taxes compared to trying to do it yourself. Tax Accounting Software.

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Snyder

JANUARY 10, 2023

Business owners are fully aware of the importance of accounting, but how much should they expect to pay for it? A business owner must understand how much, on average, business accounting costs. After all, accounting, as an integral part of a business, is something not to put aside.

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xendoo

MARCH 21, 2022

Crunching numbers may not be your forte, but every online business needs a strong eCommerce accounting plan. Tracking your financial matters helps you understand the health of your business and ultimately allows you to make decisions based on real numbers, not just feelings. Types of accounting software.

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xendoo

JUNE 13, 2022

Every business should have a chart of accounts. We’ll explain everything you need to know and include an example chart of accounts below. Note, if you use Xendoo for your accounting , we can set up and maintain your chart of accounts for you. . What Is the Chart of Accounts? Chart of Accounts Types.

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xendoo

MARCH 18, 2021

A skilled accountant will keep you tax compliant and ensure that you’re always in-the-know and focused on the big picture when it comes to your financials. And cost can definitely feel like a huge barrier here – it can be hard for a small business to afford to hire an accountant. Or the interest!?) .

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xendoo

APRIL 19, 2021

Whether you’re brand new to online retail and trying to decide how to set up your eCommerce business, or you’ve been around a while and simply reached the point where your DIY accounting solution just isn’t cutting it anymore, Xendoo’s innovative suite of business offerings can help you. QuickBooks Online. Print checks.

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Ronika Khanna CPA,CA

SEPTEMBER 15, 2023

Investment in capital items such as computers, furniture, equipment and cars can cause confusion for small business owners. Since these are purchases that affect the cash flow of the business, it seems that they should be accounted for as expenses similar to office supplies or rent. 2,000 Cash or Accounts Payable Cr.

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CPA Practice

FEBRUARY 1, 2024

What drew us to Wurdemann, Pinto was the firm’s similar company culture and business philosophy, as well as their complementary strengths in client accounting services and advisory services for C-suite executives. The combined firm will employ approximately 40 people. Founded in 1992, Magone & Co.

Real Estate 52

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Snyder

OCTOBER 30, 2022

Tax filing deadlines and taxes themselves become a really big deal for e-commerce business owners, adding even more stress to their busy lives. But is there a way to escape tax filing season disturbance? Read till the end to find a helpful table with all important 2023 Tax Deadlines for the Tax Year 2022!

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Snyder

JUNE 20, 2022

However, delegating doesn’t mean staying out of the loop completely, especially when it comes to business finances, primarily accounting. Accounting is the language of numbers. It shows the most accurate picture of the current state of a business and its future. What is small business accounting?

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inDinero Accounting

JANUARY 9, 2023

Table of Contents What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? However, a lack of accounting experience and knowledge can be a hindrance, especially for startups which need to be agile and primed for rapid growth. What Makes Accounting Services for Startups Different?

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inDinero Accounting

JANUARY 9, 2023

What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? How to Select the Right Startup Accountant. Getting Started with Startup Accounting. Accountants’ specialized knowledge can support your startup business in many ways. Table of Contents. Holding back your growth.

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Nancy McClelland, LLC

MAY 6, 2024

One of the themes that comes up every year is the need to move more clients off QuickBooks Desktop and onto QuickBooks Online. How about that for making a certain dancing accountant feel old?) She’s now our Senior Accountant). Then we send out cocktail kits and snacks to everyone, we celebrate, and we brainstorm.

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Snyder

FEBRUARY 13, 2023

Finance and accounting are the foundation of every business, whether it’s a small venture or a large corporation. That’s why tailoring your operations to your business is so important. In this article, we’ll review finance and accounting outsourcing (FAO), in particular its benefits for small and medium businesses.

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xendoo

MARCH 16, 2022

As you try to figure out which need to prioritize in your new venture, it is crucial that you first learn how to set up accounting for a new business. While it might seem mundane, good accounting is integral to the success of any business. However, we know that money can be tight for new business owners. .

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xendoo

JULY 6, 2022

Let’s take a look at some of the best receipts apps, their features, pricing, and more to help you choose the right one for your business. QuickBooks – the most flexible with advanced features. QuickBooks – the most flexible with advanced features. How to scan receipts with QuickBooks. Go to Menu. Tap on Done.

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CPA Practice

NOVEMBER 29, 2023

Bookkeep Names Accounting Veteran Alison Ball as Vice President of Marketing and Communications Bookkeep, the leading accounting automation platform for ecommerce and retail, today announced the hiring of Alison Ball as Vice President of Marketing and Communications. We congratulate and welcome them to the Whitley Penn Partnership.”

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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. A concept that a lot of entrepreneurs and even accountants have trouble wrapping their heads around. And that is the difference between cash vs accrual accounting. The answer had everything to do with cash vs accrual accounting.

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Ronika Khanna CPA,CA

JULY 23, 2021

Many small business and self employed owners take on the responsibility of doing their own accounting. You may do your own accounting from set up to preparing your own small business tax return OR you may have an accountant who simply takes care of your year end and tax reporting while you do the rest.

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Nancy McClelland, LLC

APRIL 9, 2023

Reminder: Due to a new law , Illinois S-Corp and Partnership owners should generally pay quarterly IL state ( not federal) taxes through the business. The post below is about how to pay IL taxes personally ; click here for how to make IL business tax payments. and ask you what kind of tax payment you wish to make.

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CPA Practice

FEBRUARY 16, 2023

Initially focusing on providing bookkeeping and payroll services, VARC Solutions has expanded to offer fully outsourced business management, payment processing, invoice management, consulting, implementation, and training. They also help integrate third-party apps into QuickBooks, including TSheets, Fishbowl, Tipalti, Avalara, and Bill.com.

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Nancy McClelland, LLC

APRIL 5, 2024

As a CPA whose company works with loads of small businesses that need to process payroll, I’ve used quite a few payroll systems through the years… and Gusto has become our favorite. It was such a balm on my tired tax-preparing soul to know that they were looking out for us and trying to make our lives better through technology.

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Steve Feinberg

SEPTEMBER 7, 2023

Bookkeeping and accounting can be complex, time-consuming tasks that are not typically part of a contractor’s core competencies. Bookkeeping can help you track and manage your accounts receivable and accounts payable more efficiently to better understand your liquidity at a given time.

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Steve Feinberg

OCTOBER 9, 2023

Common Cash Flow Challenges Faced by Web Designers Irregular Income and Project-Based Payments Web design businesses are often subjected to a feast-or-famine scenario where you may encounter a dry spell with few clients or projects, or you suddenly have a lot of work to do, which confuses your cash flow.

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Basis 365

NOVEMBER 30, 2022

It's the most wonderful time of the year until you realize that you still have year-end accounting tasks to complete. For new business owners, closing the books can be a daunting task. What is YEAR-END ACCOUNTING? Year-end accounting is used to balance and close your books for 12 months.

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5 Minute Bookkeeping

OCTOBER 28, 2021

Many businesses are switching to virtual offices, which opens up new challenges and exciting opportunities for accountants and bookkeepers. Accounts payable: Melio. Accounting software: QuickBooks Online Accountant. Accounting software: QuickBooks Online Accountant. Document fetching.

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Ronika Khanna CPA,CA

FEBRUARY 23, 2023

Probably the most popular question posed to accountants and tax preparers (especially around this time of year) is “what types of expenses are deductible?”. The short answer is that a business expense is considered to be deductible if it has been incurred with the ultimate purpose of earning income.

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Ronika Khanna CPA,CA

DECEMBER 1, 2023

Eg, the Canadian Institute of Chartered Accountants would have to hold the qualifying event somewhere in Canada otherwise the deduction might be denied. There is an exception with respect to conventions, held in the United States, that are “national in character” which are allowable as a business expense. with a CCA rate of 5%.

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Snyder

JANUARY 19, 2023

Tax season is the time when accounting firms and CPAs earn the biggest part of their profit. Surviving tax season is a skill that any accountant has to develop, and the earlier, the better. But first, let’s ask an expert about the challenges that professional accountants face during this busy season.

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Ronika Khanna CPA,CA

FEBRUARY 10, 2023

Uber provides a tax summary at the end of the year as well as weekly breakdowns of earnings, which should be reconciled to the amount received in your bank account. What type of accounting system should you use? A comprehensive breakdown of each section of the T2125 is available in our Small Business Tax Facts Guide.

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Steve Feinberg

DECEMBER 22, 2023

One effective strategy is to create a detailed budget that accounts for all income and expenses, including monthly bills, business expenses, and unexpected costs. Utilizing accounting software or apps can also assist in keeping track of expenses and identifying any areas where spending can be reduced.

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Nancy McClelland, LLC

DECEMBER 26, 2023

2) It’s the reason you don’t have to issue 1099-NEC to anyone you pay via credit card/debit card, Zelle, QuickPay, a business PayPal account, or a business Venmo account. 3) You may need to reconcile this form against the amount of sales income you report on your tax return. How does PayPal work?

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xendoo

SEPTEMBER 10, 2021

As a small business owner, your time is best spent on the revenue-generating features of your business— not hunched over a computer screen scrolling through QuickBooks! . What should you look for in an accounting or bookkeeping service? Today, we’ll highlight five of the best small business bookkeeping service solutions.

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Ronika Khanna CPA,CA

JANUARY 7, 2022

I knew that sometime around February an envelope would appear on my desk with a tax document that I would need to reflect on my tax return. Let’s discuss some of the key aspects of T4s that small business owners and administrators should know: What is a T4 (RL-1)?

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