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How to navigate accounting assumptions

ThomsonReuters

It should be noted that accounting assumptions are not based on subjective opinions or guesstimates. Economic entity The economic entity assumption requires that business owners keep their personal transactions separate and do not mix them with the activities of the business. This They are rooted in facts, data analysis, and research.

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How to think like a cyber criminal to protect your business

Xero

Aside from facing hefty fines and costs, you may never fully recover the trust of your customers and clients. Even if you feel pretty confident about your security processes, it’s worth reviewing the basics. If your business or practice experienced a data breach, it could have a serious impact on your livelihood. Who are they?

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Small Business Tax Deductions for 2021

xendoo

Halting operations to research every tax-saving opportunity is not realistic – let Xendoo do it for you! In this blog post, we will share popular small business tax deductions that you may be able to claim for the 2021 tax year! Online marketing costs, such as social media campaigns and influencer marketing.

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Marketing for Accountants: The Top 19 Strategies

Ryan Lazanis

In this post, I’m going to outline 18 of the top strategies working well right now to help you attract clients. 1 Get Blogging. #2 3 Send Newsletters. #4 The most effective accounting marketing strategies require you to know your ideal client exceptionally well. Blogging is my all-time favorite digital marketing strategy.

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Employer Vaccine Mandates, Worker Refusals, and Unemployment Benefits

ThomsonReuters

The answer, as you might expect, is complicated. . Thomson Reuters reached out to state agencies for guidance and reviewed legislative activity to bring you this rundown on all 50 states. . Losing a job because of a failure to become vaccinated will not immediately disqualify an individual from benefits in Arizona.

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S corp vs C corp vs LLC: What’s the difference, and which one is better for your business?

ThomsonReuters

Anyone starting a business should consult a qualified tax professional, such as an accountant or tax attorney, for advice on which corporate structure best fits their goals—but it helps to understand some of the factors that typically influence such decisions. How do you start a C corp? What are the main types of business ownership?

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Bookkeeping Basics for Small Business (Everything You Need To Know)

LyfeAccounting

You see, here at LYFE Accounting, we handle the books for small business owners everyday and have a time-tested 6-step process that helps small businesses make better financial decisions that lead to greater profitability. Have you ever thought about expanding your business? Of course, you have! How can you grow your business?