Accounting Insight

MAY 19, 2023

Accounting software specialist, Bright, has launched its new cloud tax and compliance product at Accountex 2023. The launch of BrightTax offers a new answer to the desire from the accounting industry to adopt cloud-based software which combines secure and essential tools with an enjoyable user experience.

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Snyder

FEBRUARY 27, 2023

One of the most important choices is related to accounting. Are you planning to hire an accounting professional, do it all on your own, install accounting software? Different types of business models have their peculiarities in accounting and it’s best to know it all at the very start. The decision is yours.

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Accounting Insight

SEPTEMBER 20, 2022

Is your accounting software having a laugh at your expense? And yet thousands of organisations are using accounting software that undermines this fundamental credo. It’s terrifying how many SMEs and non-profit organisations are still struggling along with old on-premise or fake cloud accounting software.

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Reckon

AUGUST 13, 2023

Non-profits are one of the few types of organisations that seem to eschew the use of proper accounting software to manage their books! So if you’re an NFP, why should you emerge from the last century and embrace the far-reaching benefits of accounting software to manage your financial operations?

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Ronika Khanna CPA,CA

DECEMBER 7, 2023

The search for the right accounting software can be a time consuming process. A Google search for “ small business accounting software ” yields over 250 million results. COST One of the most attractive aspects of QuickBooks Online (QBO) is you get a fully functional accounting software at a relatively low cost.

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SkagitCountyTaxServices

APRIL 13, 2022

And it wasn’t THAT long ago that electronic spreadsheets were considered “a big advancement” in accounting technology. Today’s small business accounting software is another thing altogether… minimizing mathematical error, quantifying a business’s financial health, making predictions, creating KPIs – and all done in a matter of seconds.

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inDinero Accounting

DECEMBER 13, 2021

However, even with an accountant, you still need a way to keep records. That’s why a reliable accounting software is so important. QuickBooks and NetSuite Oracle are two popular cloud-based accounting management softwares that can help manage your day-to-day finances.

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Snyder

AUGUST 24, 2022

Why is integration with accounting software so important? Even if your accounting software can produce these figures for you automatically, integrating your payment platforms and/or sales channels with an accounting software can simplify your workflow and save time in the long run. How does it work?

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TaxConnex

NOVEMBER 14, 2023

A job as intimidating as setting up a system to handle your sales tax obligations can be a lot easier if you have an idea how long it will take. As with most aspects of sales tax, there are no fixed answers, but we can give you an idea. Part of your decision in this case rests with how long you’ve had sales tax exposure.

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MyIRSRelief

APRIL 29, 2024

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

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Accounting Insight

MAY 11, 2022

True cloud accounting software provider iplicit has today (11 May) launched its Automation Centre feature at Accountex. Enabling organisations to increase efficiency, reduce human error, eliminate manually intensive processes, the iplicit Automation Centre can save accounting and finance teams hundreds of hours every month.

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TaxConnex

MAY 24, 2022

One relatively new development is the complex overlay of sales tax on these transactions. Add internet sales to the mix and you’ve got sales tax obligations sprouting up these days more than ever. About half managed sales tax compliance completely internally and about a third managed it with technology and some internal personnel.).

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Accounting Today

NOVEMBER 9, 2023

Accounting software giant Intuit announced a cavalcade of new features set for use in the upcoming tax season.

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inDinero Tax Tips

OCTOBER 21, 2023

Knowing how to keep track of business expenses is key to visualizing cash flow and maximizing tax deductions, but finding a system that is simultaneously easy, efficient, and accurate is no easy task. Additionally, using an automated bookkeeping solution makes filing taxes at the end of the year considerably less time-consuming.

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xendoo

MAY 6, 2021

But in your rush to pack, ship, and sell, there’s a good chance you haven’t made time to integrate accounting software with your eCommerce software. By downloading a third-party app plug-in, you are just a few clicks away from saving time and money by automatically sharing data between your accounting and eCommerce programs.

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CPA Practice

FEBRUARY 23, 2023

Eighty percent say they feel at least some stress at tax time, according to a recent survey by FreshBooks. Almost 63% of small business owners rate their tax time stress at 3 or more on a scale of 5. Some of the stress comes from unease around tax assessments, with 43% of owners saying they are worried about being audited. “If

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MyIRSRelief

DECEMBER 15, 2022

For example, you may want to catch up on your tax filings, prepare for an audit, or simply get a better understanding of your financial situation. This might include accounting software, a financial calculator, and reference materials such as tax guides or accounting textbooks.

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Cherry Bekaert

SEPTEMBER 10, 2023

When thinking about not-for-profit or tax-exempt organizations, abiding by strict tax rules is probably not top of mind. Form 990 is the annual information return for most tax-exempt entities. Form 990 is the annual information return for most tax-exempt entities.

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Ronika Khanna CPA,CA

SEPTEMBER 3, 2021

Others decided it made sense to use accounting software right at the outset of their businesses. There are situations, especially when you are planning to do your own small business accounting , where it can be significantly beneficial to upgrade your record keeping from a spreadsheet to accounting software.

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Ronika Khanna CPA,CA

OCTOBER 5, 2023

Ensuring that you keep on top of your finances and tax obligations is among the most important of these tasks for which it is essential to have a system in place so that you can maximize tax deductions, minimize taxes payable and reduce amounts that you have to pay to CRA and RQ.

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PYMNTS

MARCH 11, 2020

With a continuation of its global expansion, small business accounting software maker FreshBooks has rolled out in the United Kingdom. The firm is also rolling out a new set of functions geared toward Biritsh business needs, Accounting Today reported. per news in December.

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CPA Practice

JULY 11, 2023

in 2018, it expanded the complexity of sales tax obligations for many businesses. The ruling gave each state the green light to adopt its own economic nexus law, a tax collection obligation imposed on companies based solely on a certain level of economic activity within a state. Each state defines and taxes SaaS differently.

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Ronika Khanna CPA,CA

APRIL 26, 2024

This includes tax payments, which tax agencies have tried to make as easy as possible by offering several options. The benefit of making tax payments online is that they allow businesses reduce the hassle of manually transcribing information onto forms that then have to be mailed in along with a cheque, before a certain due date.

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Ronika Khanna CPA,CA

SEPTEMBER 22, 2023

This is especially true with respect to the more technical aspects of business such as accounting and tax. While you may not see yourself as a business owner, the tax authorities do and they, unfortunately, have the final say on this. Digital Download Available at Amazon 1.

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CPA Practice

JANUARY 20, 2023

Being an accountant means that work often comes in ebbs and flows. The tide moves in every quarter, and there is always tax season. A recent survey revealed that 82% of tax professionals identify as feeling burned out. It’s a significant issue for tax professionals and accountants. Being an accountant is different.

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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. State or local property tax.

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Shay CPA

FEBRUARY 14, 2024

Does thinking about filing your taxes put some tension on your shoulders? By giving you a heads-up in some key areas, we can make filing your tech company’s 2024 taxes a whole lot easier — and less stressful. He teed up a few tips to help you avoid unwelcome surprises as you navigate your 2024 tech company tax filings.

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inDinero Tax Tips

JUNE 24, 2023

Business tax deductions – three words that can cause stress and confusion for even the most seasoned entrepreneurs. It’s no wonder that tracking and claiming tax-deductible business expenses falls by the wayside. In general, the IRS has this to say: “To be deductible, a business expense must be both ordinary and necessary.

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Xero

DECEMBER 1, 2023

Following the Autumn Statement, you might be curious about the specific measures that impact Making Tax Digital (MTD). Especially since digital transformation is already underway, with Making Tax Digital for Income Tax on the horizon. Here’s a guide outlining what the announcement means for your practice and clients.

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CPA Practice

NOVEMBER 10, 2023

However, it provides an opportunity for business owners – and their accountants – to leverage new solutions that are both business and accounting-friendly. How can accountants help their clients get ahead of messy data collection and unruly tax preparation? Let’s dig in. Let’s go back to our example of a pet store.

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CPA Practice

JUNE 8, 2023

The accounting profession has been facing a staffing crunch brought on by fewer college graduates entering the profession and experienced tax practitioners transitioning to different careers in accounting. When it comes to tax season, we can all use an extra hand. Time is the most valuable resource during tax season.

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Snyder

FEBRUARY 7, 2023

Tax liability is an inevitable part of running a business. Every year business owners have to bear the burden of the tax season, paying taxes for income, payroll, property, sales, and so on. In total, nearly 30% of a business’ income is needed to cover all tax payments. What exactly are tax deductions? Contents: 1.

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Insightful Accountant

AUGUST 17, 2023

The announcement of partnership marks the availability of Right Networks’ intelligent cloud solution combined with Thomson Reuters’ world-class tax and accounting software.

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Ronika Khanna CPA,CA

APRIL 5, 2024

The deadline to file tax returns is quickly approaching, resulting in various degrees anxiety for some taxpayers and accountants. The most effective starting point is to evaluate your tax situation and prepare a checklist of the documentation that you will need with respect to your specific tax situation.

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CTP

NOVEMBER 16, 2022

What are my ethical responsibilities when I use software to produce a tax plan? In the world of taxes, there are many ethical issues that can come into play. Artificial intelligence in accounting software is bringing new ethical challenges for professionals, their clients, and the public at large.

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ThomsonReuters

OCTOBER 24, 2023

Data is king in today’s fast-paced world of finance and tax. Yet, for many companies, the journey of data from disparate sources to financial close, tax returns, and reporting can be torturous. Fortunately, tax departments are not powerless. Companies use various software platforms (i.e.,

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Ronika Khanna CPA,CA

MAY 5, 2024

Accounting software has come a long way in the past few years. Although a good bookkeeper can be invaluable, It has become fairly easy for business owners and their support staff to take on the responsibility of entering day to day transactions while they employ accountants for the more complex aspects of their accounting and tax.

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