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Payroll: Is it the best way to pay expenses?

Accounting Insight

But no matter the size, with tracking and paying expenses, making payroll, setting budgets, preparing for the tax season, and more all falling under one department, you’re likely looking for ways to make managing financial processes easier and more transparent. What is payroll? Take expenses, for example.

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How to Set Up Online Payroll for Your Small Business

xendoo

Doing payroll may not be your favorite part of running a business. If you haven’t yet, the first step is to learn how to set up payroll. Not only do you have to calculate wages, but you must also account for employment taxes—income, Social Security and Medicare. How to Set Up Payroll. Set Your Payroll Schedule.

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Former Accounting Director Pleads Guilty to Stealing $430,000 From Nonprofit

CPA Practice

As the head of financial operations, Acquista had access to the nonprofit’s bank accounts, payrolls, credit cards and checkbooks. According to the plea agreement, she paid for personal expenses using the company credit card and had the accounting department cut checks directly to her. Lu Acquista” more than a year ago. “We

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Navigating the American Rescue Plan Act: A Guide to Obligation Deadline Readiness

Cherry Bekaert

Under the Coronavirus State and Local Fiscal Recovery Funds rule (31 CFR 35) , state and local governments were provided provisions for the use of this funding, including dates and deadlines. Department of Treasury or other relevant government resources. Questions?

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Avoiding holiday pay headaches this summer

Accounting Insight

Everyone, including payroll and accountancy professionals, love to take a break. Administering payroll for those kinds of employees is straightforward – you pay them the exact same amount every month, whether they take annual leave or not. To be ready for this you and your clients need a system that has some flex in it.

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What You Should Know After You Have Incorporated

Ronika Khanna CPA,CA

By being proactive, you can turn your mind to your actual business and avoid unpleasant surprises (such as incomprehensible letters from the government). Maintain all your incorporation documentation, either physically in a file folder or scan it to accounting/corporate folder on your computer. by your business associates or CRA.

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5 reasons why non-profits should embrace accounting software

Reckon

Non-profits are one of the few types of organisations that seem to eschew the use of proper accounting software to manage their books! As NFPs are often volunteer-based, and government or member-funded, they can be extremely prudent with money. Much of this accountability centres on ATO compliance.