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Five Common Accounting Challenges and How to Solve Them

CPA Practice

Compliance Staying up-to-date with the latest regulations is crucial in the accounting profession to ensure compliance with evolving requirements and to avoid costly penalties or legal issues. Unauthorized access to this data can compromise the integrity of a company’s financial statements and expose clients to financial loss.

Account 59
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The Importance of Having an Up-To-Date Business Balance Sheet

Basis 365

Do you struggle to keep up with your business's financial reporting and bookkeeping? Regular bookkeeping and financial statements give your business the foundation to make informed business decisions, get funding, and grow. The balance sheet is one of the most vital financial statements business owners must regularly create.

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The Best Small Business Bookkeeping Solutions

xendoo

Today’s accounting firms can handle a wide variety of SMB bookkeeping tasks, including: Invoices . Financial statements . Corporate tax preparation . By outsourcing your needs to an online accounting firm, you gain the benefit of industry-leading expertise, all without breaking your budget.

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Trucking Tax & Accounting by Mike Habib, EA Los Angeles, CA

MyIRSRelief

To apply for an Installment Agreement, you must fill out IRS Form 9465, Installment Agreement Request, and provide detailed information about your financial situation. Depending on the amount of your tax debt and your ability to pay, the IRS may require you to set up automatic payments or provide a financial statement.

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Accounting advisory: What you need to know

ThomsonReuters

In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. Let’s take a look at the basics. What is accounting advisory?

Account 88
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Client Accounting Services: What is CAS in Accounting?

Snyder

Typical CAS packages include: Transactional services : bookkeeping, processing of AR (accounts receivable) and AP (accounts payable), payroll, bill payment and cash management; Compliance services : tax preparation and payment, tax planning, payroll compliance, audits, reviews, after-the-fact financial statement preparation and financial reporting; (..)

Account 105
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Guide to Pricing Accounting Services (Fixed & Value Pricing)

Ryan Lazanis

Some of your highly commoditized services (ex: tax preparation or basic bookkeeping services) can be perhaps menu-priced and some of your advisory services (cash flow forecasting, review of financial statements) can be value-priced, for example. Some hate accounts payable, some hate accounts receivable.