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10 things you should know about payments on account if you’re self-employed

Cheap Accounting

Many self-employed people (AKA sole traders) who complete a Self-Assessment tax return for the first time are left somewhat baffled when their tax bill is much bigger than expected. It happens because after they file their first Self-Assessment tax return, they find out they need to make a “ payment on account ”. .

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Best Real Estate Accounting Tips for Agents and Brokers

xendoo

Accounting plays a major role in staying organized, managing taxes, and making smart decisions in any business. . Why accounting is important for real estate businesses. Select Your Accounting Method. Your first tax return shows the IRS which one you chose in the beginning — you don’t have to submit any forms for that.).

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

More so even than owners of large companies since they can’t usually delegate all that work to business accounting professionals simply due to the costs. That’s why understanding the essential principles and terms in accounting is so important for them. Create smart rules with Synder that’ll follow the if-then chain of events.