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Accounting Tips for Start up Freelancers

Cheap Accounting

Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. Here’s a few tips to get you started. As soon as you start to trade or operate your business you’ll need to register with HMRC. Keep receipts and invoices then record the amounts spent in the accounts.

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How Firms Can Create Success in the Real World of the Remote Work

CPA Practice

While other sectors of the economy are still wrestling with the dilemma of “if, when, and how” to bring their employees back to the office post-pandemic, statistics show that in the accounting profession, the remote workforce remains strong–and by many firms, is the preferred staffing model for the foreseeable future.

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Director Discusses Several Considerations Involved When Taking A Business Global

ThomsonReuters

For example, there may be high start-up costs for opening up shop in new countries. ” Additional compliance factors Regardless of the reasons for entertaining a global workforce strategy, a business must consider additional compliance factors when operating and/or hiring in another country.

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Monday Morning Accounting News Brief: The Least Amount You’ll Make at Big 4; Carmine Gets a Sword Show | 4.22.24

Going Concern

Thomson Reuters writes about the National Pipeline Advisory Group (NPAG), one of the AICPA’s multi-faceted initiatives to address the accounting talent crisis. The accounting talent pipeline discussion in the press and social media has centered around the idea of modernizing the licensure requirements.

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How are C corporations taxed? Tips on how to avoid double taxation and reduce taxes

ThomsonReuters

Many C corporations hire accountants and lawyers to hone their tax strategy, of course, but there are other options for business owners that want to manage their own affairs. Tips on how to avoid double taxation and reduce taxes appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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How are LLCs taxed? LLC tax benefits and tips to reduce taxes

ThomsonReuters

The IRS allows LLCs to deduct initial start-up costs — e.g., marketing materials, travel, permits, legal fees, research — and thereafter allows deductions for a wide variety of operational costs, including: Computers, printers, and other office supplies Phone and internet Website development Graphic design (e.g.,

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