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How to Set Up Accounting for a New Business: A Full Guide

xendoo

Get a business credit card. Getting a business credit card comes with its share of benefits, but mainly, it will help establish a credit rating for your business. Track business expenses. The IRS demands that you have with you any documentation proving income credits or deductions that appear on your tax return.

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Difference Between a C-Corp and S-Corp

inDinero Tax Tips

Credit: Sean Pollock When it comes down to it, looking at the difference between a C-Corp and S-Corp is a matter of structuring the business properly for tax purposes. Both business tax structures provide reduced personal liability, an important part of running a successful company.

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Difference Between a C-Corp and S-Corp

inDinero Tax Tips

When it comes down to it, looking at the difference between a C-Corp and S-Corp is a matter of structuring the business properly for tax purposes. Both business tax structures provide reduced personal liability, an important part of running a successful company. Cash vs. Accrual Accounting.

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Accounting for Startups

inDinero Accounting

This requires accrual accounting rather than the simple cash-basis. A qualified accountant can help you make calculations that maximize the value and attractiveness of your business. The COA lays out all of your assets and liabilities and provides a comprehensive picture of the financial health of your business.

Account 52
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Accounting for Startups

inDinero Accounting

This requires accrual accounting rather than the simple cash-basis. A qualified accountant can help you make calculations that maximize the value and attractiveness of your business. The COA lays out all of your assets and liabilities and provides a comprehensive picture of the financial health of your business.

Account 52