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Accountants Behaving Badly: Police Department Accountant Couldn’t Be Bothered, PPP Loan Fraud, and a Creepy Tax Preparer

Going Concern

According to allegations in the indictment, from January 2019 to June 2022, Urban was employed as a senior staff accountant for a Charlotte-based company. Both women are in their 30s, and both had been going to Flinchum for at least three years for tax preparation.

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How to Prepare Your Small Business for the New Year

xendoo

This statement provides insight into cash, inventory levels, Accounts Payable (money owed to others) and Receivable (money owed to the business owner), credit card and bank balances, and the equity in the company. Prepare for Tax Season Now. Lastly, consider partnering with an online accounting service.

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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 . 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. Business Tax Preparation and Filings.

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Accounting Automation: The Definitive 2023 Guide

Ryan Lazanis

Will Accounting Automation be Enough to Replace You? The answer depends on your ability to adapt to the changing world of accounting. A report by Oxford University concluded that there was a 99% chance that tax preparers’ jobs would be automated and a 98% chance that it will happen to bookkeepers and accountants.

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Guide to Pricing Accounting Services (Fixed & Value Pricing)

Ryan Lazanis

As a simple example, this means that year-end tax return preparation fees will be billed the same way for Client A and for Client B. In a value pricing approach, your accountant’s fees will differ from client to client depending on the situation. Some hate accounts payable, some hate accounts receivable.

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Cash vs. Accrual Accounting

inDinero Accounting

With cash accounting, your accounting balance will always be identical to your cash base–the balance in your bank accounts. This method is simpler because it eliminates having to calculate accounts payable and receivable for accounting purposes. Check out inDinero’s suite of financial services: Accounting.

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20 Offshoring and Outsourcing Best Practices for Accounting & Tax Firms

CPA Practice

Common examples include bookkeeping, data entry, tax preparation, payroll processing, accounts payable/receivable, and financial analysis. Conclusion: Offshoring/outsourcing can provide numerous benefits for CPA, accounting, and tax firms when approached strategically and with proper implementation.

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