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Checklist for Small Business Startups

SMBAccountant

Are you a small business owner seeking expert guidance on accounting practices? Establishing a core understanding of key accounting principles not only instills confidence but also ensures compliance with accounting and government regulations.

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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). Understanding the principles of GAAP accrual accounting can be challenging and daunting; however, with the right guidance, it can be achieved. What are Generally Accepted Accounting Principles (GAAP)?

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Cloud-Based Accounting: Sage Intacct’s Modern Solution for Businesses

Cherry Bekaert

Of the top software market contenders, Sage Intacct is the platform endorsed and trusted by the American Institute of Certified Public Accountants (AICPA). Highlighting Sage Intacct Feature – Use Case Visix, Inc.,

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Key Accounting Challenges Facing Professional Services Businesses

Basis 365

WIP (Work-in-Progress) Accounting: Service-based businesses may have ongoing projects that are not yet completed at the end of the accounting period. Properly classifying workers as employees or contractors is important for tax purposes and determines the associated payroll taxes, benefits, and other employment-related expenses.

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Top accounting issues in 2023

ThomsonReuters

More than half (52 percent) of respondents said they will offer tax technology training to all employees, and 42 percent will offer training on the use of non-tax specific technologies to all employees. Payroll errors For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader.

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How do I choose what entity type my business should be?

Basis 365

This can be a burden to get everything in order by the deadline, which is why many partnerships turn to work with an outsourced accountant to get the financials prepared in a timely manner. In addition, partnerships are faced with expanded accounting requirements to comply with Generally Accepted Accounting Principles.

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Accounting for Startups

inDinero Accounting

We’ll cover the various services startups need from accountants and the things accountants look out for while doing their work. There are many good reasons for the way things work – GAAP (generally accepted accounting principles) has been honed for decades. All of these should be managed and handled by your accountant.

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