inDinero Tax Tips

JUNE 13, 2022

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. While there are other differences, the main difference between a C-Corp and S-Corp is whose income gets taxed. What is an S-Corp? Cash vs. Accrual Accounting.

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ThomsonReuters

APRIL 25, 2024

When it comes to navigating the tax landscape of 401(k) contributions and withdrawals, it’s important for accountants to stay informed and help clients make tax-efficient decisions during their retirement years. What are some 401(k) tax benefits? What is the 401(k) tax limit? What is the 401(k) tax limit?

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Acterys

JULY 12, 2023

This blog will guide you on what vertical analysis is, how to perform it, and how it can help your business to scale through data-driven decisions. What is vertical analysis? Vertical analysis evaluates financial statements that will help you simplify a document containing complex numbers and figures. Why Use Vertical Analysis?

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inDinero Accounting

APRIL 8, 2023

However, deciding between cash vs. accrual accounting methods is a critical one that will have far-reaching implications. Your choice between accrual vs cash will affect your business in several ways. First, it will demonstrate different things to potential investors. What Is Cash Basis Accounting?

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Mark Lee

OCTOBER 31, 2023

You’re not alone if you’re fed up of hearing commentators, software vendors and app developers tell you what your clients are thinking. They are speculating and many are simply repeating what they have heard others say; and then mistakenly think these messages resonate with you. Not that they know of course.

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Snyder

APRIL 25, 2022

The first step is to know what’s in-and out of stock with an accurate inventory management system. You can’t manage what you don’t understand! Introduction: What is inventory management? Inventory management vs inventory control. What is an inventory management system? Contents: 1.

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ThomsonReuters

OCTOBER 10, 2023

W hat are the differences between an FTZ and a Custom bonded warehouse? What are the benefits and limitations of Customs bonded warehouses? Inventory management Flexibility: Businesses can strategically store inventory in bonded warehouses, allowing them to control stock levels based on market demand and fluctuations.

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ThomsonReuters

APRIL 6, 2023

Accounts payable and accounts receivable are opposite but interconnected procedures. When accounts payable and accounts receivable are in balance, a business can plan ahead for growth. Let’s take a look at their differences. What is the difference between accounts receivable and accounts payable?

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LyfeAccounting

NOVEMBER 2, 2020

In other words, we’re going to debate a 1099 vs W2 and which one may be best for your business. So today in this post, we’re going to discuss 1099 vs W2 and which one may be better for your business. Okay, so here’s what we’re going to cover. #1 1 – What are going to define what a 1099 worker is and what a w2 worker is. #2

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ThomsonReuters

JANUARY 12, 2023

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . With advanced technology shifting the way accountants work, many are looking to expand into specialized services that can give them a leg up on the competition. Let’s start from the beginning. .

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Ronika Khanna CPA,CA

DECEMBER 7, 2023

The search for the right accounting software can be a time consuming process. A Google search for “ small business accounting software ” yields over 250 million results. With so many choices out there, it can be difficult to know what to do. This post has a smattering of QuickBooks Online affiliate links.

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Snyder

MAY 24, 2022

That means hiring a knowledgeable staff that can assist with accounting tasks. The good news is that there are several accounting processes you can do yourself. Let’s take a look at the areas of accounting you can do on your own and the best ways to do them. 3 ways to account for inventory costs in retail accounting.

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LyfeAccounting

JULY 28, 2021

You get a tax write-off for the pay you give them and in turn, your kids (or you) can use that income tax-free to help provide for what they need. And what makes this a very important number is that when you hire your kids, if you pay them $12,400 or less, they are not required to file or pay taxes on their income! It’s simple.

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ThomsonReuters

DECEMBER 7, 2022

To help accounting professionals, especially those entering the profession, this article will explore how fiduciary income tax is different from estate tax, who files a fiduciary tax return, what defines estates and trusts, and more. What is fiduciary tax? Savings accounts. Mutual funds. Rental property.

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LyfeAccounting

OCTOBER 20, 2020

But you have absolutely no idea what this means, and if you even need it in your business. We wanted to know what she wanted to accomplish in her business. And what we needed to manage inside of her business to make her goals a reality. In this post, I’m going to answer the question of… What are Virtual CFO services.

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LyfeAccounting

OCTOBER 20, 2020

But you have absolutely no idea what this means, and if you even need it in your business. We wanted to know what she wanted to accomplish in her business. And what we needed to manage inside of her business to make her goals a reality. In this post, I’m going to answer the question of… What are Virtual CFO services.

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MineralTree

DECEMBER 7, 2023

For accounts payable (AP) teams, vendor payments are the cornerstone of business relationships. This blog will dive into the key differences between some of today’s most prevalent options for business payments: ACH vs. virtual cards vs checks. Moreover, certain payment methods offer greater security than others.

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MineralTree

MARCH 16, 2023

Today’s blog breaks down the differences between automating and outsourcing AP, explaining the various reasons why teams opt between the two models. The State of Accounts Payable Today Recession and inflation are top challenges for CFOs as they look to keep companies profitable in 2023. What are Today’s Challenges in AP?

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inDinero Accounting

JANUARY 9, 2023

Table of Contents What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? However, a lack of accounting experience and knowledge can be a hindrance, especially for startups which need to be agile and primed for rapid growth. Why do you care? The numbers are just small.

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inDinero Accounting

JANUARY 9, 2023

What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? How to Select the Right Startup Accountant. Getting Started with Startup Accounting. Accountants’ specialized knowledge can support your startup business in many ways. Table of Contents. Why do you care?

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Ryan Lazanis

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? In fact, these are the very steps that I followed to help take my heavily bookkeeping-focused accounting business from scratch to sale in only 5 years. What challenges do they have? How to create your core offering. Table of Contents.

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Acterys

JUNE 16, 2023

Maintaining control over an enterprise’s spending and resources is crucial for success. In this blog, we will delve into the world of financial budgeting, planning, and forecasting and provide practical tips and strategies to take control of your business’s financial health. What would be the ROI of this resource?

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LyfeAccounting

JULY 30, 2021

In today’s post, we’re going to settle the great debate once and for all – and that is the answer to one question: Which is the better investment – stocks vs real estate? Which is Better- Stocks vs. Real Estate Investing? So which is better between stocks vs. real estate investing? Ease and Simplicity. Appreciation.

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ThomsonReuters

DECEMBER 13, 2021

The South Dakota vs. Wayfair Supreme Court ruling marked a profound shift in the sales tax landscape for companies of all sizes doing business in the United States. States also differ in how they measure thresholds. Indirect tax professionals play a critical role in the success of a business.

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LyfeAccounting

JANUARY 25, 2021

And it could be extremely stressful if you don’t know what you’re doing. So if they made $1600/month, that’s the exact amount that went into their bank account. Mostly because there are 3 sides to paying your employees: 1. Determining how much to pay your employees. And, I’ve suffered the consequences of getting this wrong.

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LyfeAccounting

DECEMBER 28, 2020

See, what most people don’t understand is that the government uses the tax code to motivate people to take actions related to their economic agenda. Yes, even many accountants I know aren’t aware of the tax incentives that small and large businesses are taking advantage of to DRAMATICALLY reduce their tax liability.

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