inDinero Tax Tips

OCTOBER 21, 2023

In this case, “ordinary” means an expense that is common in your industry, while a necessary expense is one that you need to run and grow your business effectively. Benefits of Tracking Business Expenses Effectively tracking expenses offers several significant benefits that can impact the overall success of a business.

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Steve Feinberg

SEPTEMBER 7, 2023

Bookkeeping software can help you automate payroll and streamline the entire process. Use bookkeeping software to manage expenses quickly, easily, and accurately. Payroll Management Managing payroll can be a complex and time-consuming task, especially when you have many employees.

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xendoo

SEPTEMBER 10, 2021

Getting behind in your books also can leave you vulnerable to fines and audits when it comes to taxes or payroll. . If you ever need a business loan, lenders will expect to see copies of recent financial statements. Business Tax Preparation and Filings. Taxes represent a unique SMB bookkeeping demand.

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Nancy McClelland, LLC

DECEMBER 26, 2023

This will almost always trigger an audit for both the business and the recipient, which no one wants. If they will not correct the total, then declare the full amount on your tax return, but “back out” the incorrect amount as a negative, with an explanation to the IRS for why this amount was inaccurate.

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Nancy McClelland, LLC

DECEMBER 26, 2023

This will almost always trigger an audit for both the business and the recipient, which no one wants. If they will not correct the total, then declare the full amount on your tax return, but “back out” the incorrect amount as a negative, with an explanation to the IRS for why this amount was inaccurate.

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Steve Feinberg

DECEMBER 23, 2022

The first step in any and all bookkeeping is to keep a thorough record of all of your transactions—every single day. However, you might consider investing in bookkeeping software that can keep track of multiple accounts and present data in different ways. Every week you should also file or digitize your receipts.

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Ryan Lazanis

APRIL 4, 2022

Blogging Basics Here are the absolute basics when it comes to acquiring small businesses as clients from blogging when starting a bookkeeping business or starting an accounting firm: 1) Find topics that your target market is searching for using a tool like Ubersuggest. keyword) each month. Jetpack Workflow.

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