LyfeAccounting

JANUARY 30, 2021

On the other hand, if you’ve paid very little attention to some of the tax changes or programs then you’ve got a lot to catch up on. Regardless of where you are our team at, LYFE Accounting specializes in business tax returns and we’re ready to help you this year. The main thing you need to have is your bookkeeping done.

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Snyder

NOVEMBER 10, 2022

The biggest tax season challenge for a small business is tax preparation and filing. Most SMB owners fall into the trap of putting off taxes until the last minute because they don’t have professional tax accounting software backing them up. First, try to make the most out of your accounting software.

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Going Concern

JUNE 9, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. More is being asked of accountants, auditors and financial service providers than ever before. Ever-changing tax legislation and standards add ongoing complexity to the profession.

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Ronika Khanna CPA,CA

JUNE 10, 2022

You can buy ads on numerous social media outlets that appeal to your target market or if you want to go the free route, you can set up a social account, post regularly and build an audience. The detail in your chart of accounts depends on what line items are important to monitor and analyze.

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PYMNTS

FEBRUARY 26, 2019

While B2B use cases of blockchain are plenty (and gaining greater traction in use cases such as trade finance and cross-border corporate payments), adoption of bitcoin and other cryptocurrencies themselves remains muted in the business community.

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LyfeAccounting

DECEMBER 1, 2020

S-corps and C-corps are the two main types of corporations. C-corps are taxed once at the company level, and distributions of profits (aka dividends) to shareholders are taxed again on shareholders’ personal tax returns. After you have your EIN, you’ll then be able to open a business bank account.

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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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LyfeAccounting

JUNE 22, 2021

For tax purposes, sole proprietors are considered disregarded entities. All this means is that you do not have to file a business tax return when you file your taxes. Instead, you will file a Schedule C when you file your personal tax return. So as a sole proprietor, you get an extra month to file your taxes.

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Menzies

JANUARY 21, 2023

Menzies LLP - A leading chartered accountancy firm. The Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) provide significant tax incentives for external investment into developing technology companies. The maximum subscription for EIS in any tax year which can qualify for relief is £1million.

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Ronika Khanna CPA,CA

JANUARY 13, 2023

Annual filing is recommended if your business is small and you do your accounting irregularly. In other words GST/HST paid on business related expenses is fully reimbursable as long as you are registered for GST/HST and your business is not exempt. There are three main classifications of GST/HST.

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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. Growth Focused: Big Businesses in Infancy.

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Ronika Khanna CPA,CA

DECEMBER 3, 2021

The portable scanner comes in handy when the small business owner is away from his office at a trade show or at a client and needs access to documents (eg. accountants who don’t want to have to schlep a sheaf of documents after visiting clients). It can also be helpful at the office as the main scanner might be in a different room.

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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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xendoo

JULY 6, 2022

QuickBooks is accounting software that has other features that business owners may need. Create a QuickBooks account. If you are already using it for your accounting, you can also use it for receipts. However, QuickBooks doesn’t put your accounting on auto-pilot. How to scan receipts with QuickBooks. Go to Menu.

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xendoo

MARCH 14, 2023

With the qualified business income deduction (QBI), small business owners and self-employed workers could deduct up to 20% of their taxable income. The QBI deduction is only available to pass-through entities between the tax years 2018-2025. Instead, the owners report business income on their personal income tax returns.

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xendoo

MARCH 14, 2023

With the qualified business income deduction (QBI), small business owners and self-employed workers could deduct up to 20% of their taxable income. The QBI deduction is only available to pass-through entities between the tax years 2018-2025. Instead, the owners report business income on their personal income tax returns.

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Ryan Lazanis

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? In fact, these are the very steps that I followed to help take my heavily bookkeeping-focused accounting business from scratch to sale in only 5 years. Without it, I would be steering a business without a rudder.

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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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PYMNTS

MARCH 19, 2018

Tax reform is likely to lead small businesses (SMBs) in the U.S. to pay more for accounting services, according to new analysis from the Senate. Reports in Accounting Today said Senator Ron Wyden (D-Ore.), ranking Democrat on the Senate Finance Committee, released a report on the impact of tax reform on small businesses.

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Going Concern

FEBRUARY 2, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. But the challenges she is facing defy simplicity.

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