LyfeAccounting

NOVEMBER 13, 2020

Regardless of what happens to that 20 dollars next, these transactions have started bookkeeping and accounting processes. But a lot of people are still confused when it comes to bookkeeping vs accounting. They want to know: What are the differences? Bookkeeping vs Accounting: What’s the Difference?

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bookkeeping Account accountant accounted 52

Mark Lee

OCTOBER 31, 2023

The loyalty of current clients Here’s the truth (for most clients of most accountants): Whatever new developments, new opportunities, new tech, new laws or other changes come about in the next few years, very few of your current clients are going to leave you for another accountant. Maybe they wanted tax advice too.

tax return 92

tax return bookkeeping bookkeeping software accounting and finance 92

inDinero Accounting

DECEMBER 13, 2021

One of the most critical aspects of running your own business is accounting. Unfortunately, not every business owner has the energy or knowledge to decide between cash vs. accrual or NetSuite vs. Quickbooks. That’s why 71% of businesses rely on outsourced accounting to help them track their financial data.

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NetSuite accounting software quickbooks Account 59

ThomsonReuters

DECEMBER 20, 2020

What is the difference between sales tax and value-added tax (VAT)? To explain further, let’s outline the similarities and differences between these two types of indirect tax. Sales tax vs. VAT overview. The post What is the difference between sales tax and VAT? legal services).

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Mark Lee

MAY 10, 2023

None of these qualities are about efficiency vs inefficiency, nor about old-style vs new-style and it’s certainly not about qualified vs unqualified. I love getting feedback on my posts – even from accountants who disagree with my take on things. This personal list simply reflects my experience and views.

Account 52

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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. What does an audit accountant do?

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audit auditor Account accountant 59

LyfeAccounting

OCTOBER 28, 2020

?. As Warren Buffet says, accounting is the language of business. He and other savvy business owners use accounting to make investment decisions and decisions to grow the businesses they invest in. But interestingly enough, many small businesses often neglect their accounting until tax time, or don’t do it all. Look, I get it.

accounting basics 52

accounting basics CPA Account accountant 52

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. 2 – We are going to clearly define the differences. #3 Differences Between 1099 and W2 Workers.

payroll tax 52

payroll tax Tax Legal payroll 52

Snyder

NOVEMBER 10, 2022

Most SMB owners fall into the trap of putting off taxes until the last minute because they don’t have professional tax accounting software backing them up. First, try to make the most out of your accounting software. Tax filing software vs. tax preparation software. Accounting management. Contents: 1. Accessibility.

tax preparation 52

tax preparation Tax tax return accounting software 52

LyfeAccounting

NOVEMBER 9, 2020

It is not meant to take the place of legal and accounting advice specific to your business. For example, if you have a business bank account, you can sync your financial information with a bookkeeping platform like QuickBooks, for example. GENERALLY, there is no difference in tax write-offs for LLCs vs another entity type.

Tax 52

Tax CPA tax return accounting and finance 52

LyfeAccounting

SEPTEMBER 15, 2020

The Different Types of “Salary for Small Business Owners” The characterization of your pay is very important for tax purposes, which we’ll jump into in a minute here. Let’s start by defining the different types of owner compensation. Owner’s Draw vs. Owner’s Salary for Small Business Owners.

Tax 52

Tax accounting and finance tax planning CPA 52

LyfeAccounting

OCTOBER 20, 2020

This client was extremely good at what she does, but she had a hard time making decisions around office location and rent, hiring employees vs contractors, incentive plans for her employees, and deciding to keep certain expenses on her Profit & Loss. To fully understand why, let’s look at the difference between a Bookkeeper and a CFO.

accounting and finance 52

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LyfeAccounting

OCTOBER 20, 2020

This client was extremely good at what she does, but she had a hard time making decisions around office location and rent, hiring employees vs contractors, incentive plans for her employees, and deciding to keep certain expenses on her Profit & Loss. To fully understand why, let’s look at the difference between a Bookkeeper and a CFO.

accounting and finance 52

accounting and finance financial statements bookkeeping cpas 52

Ryan Lazanis

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? Great news, because this step-by-step guide will cover the critical 7 steps you’ll need to follow to set up a modern bookkeeping practice and to land your first clients. Marketing your bookkeeping services to find new clients.

bookkeeping 98

bookkeeping bookkeeping services accounting firms Technology 98

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. What Makes Accounting Services for Startups Different?

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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. Holding back your growth.

Account 52

Account accountant accounted accrual accounting 52

Snyder

NOVEMBER 27, 2022

Shopify’s help section has step-by-step instructions on how to add blog posts, and the interface is user-friendly. Tutorials let you reach different Shopify customer groups by solving the problems they might have. Once you’ve established a community and followers on your Instagram account, it’s time to think about something else.

E-commerce 98

E-commerce Non-Profits Technology Sales 98

LyfeAccounting

NOVEMBER 3, 2020

Also, small disclaimer, the information I’m providing in this post is for informational purposes only and is not meant to take the place of legal and accounting advice. If you want specific accounting advice, then please contact your attorney or CPA. To learn more about this, then watch our video on “LLCs vs. S-Corps”.

Tax 52

Tax tax return business tax accounting and finance 52

LyfeAccounting

JUNE 21, 2021

Turo vs Airbnb. The big difference between the two is that with Airbnb, you don’t have to physically meet anyone, you can remotely give them access to home and just walk in. So that means, you need to maintain bookkeeping of your business revenues. So basically Turo is like the Airbnb of cars.

Tax 52

Tax Real Estate bookkeeping small business accounting 52

LyfeAccounting

AUGUST 10, 2021

By the way, speaking of stock and real estate, we have another post that discusses which is the better investment – stocks vs real estate investing. Now, there are two different types of taxpayers – average taxpayers, which would be wage earners. While for our accounting firm, it might be technology and software.

Real Estate 52

Real Estate Tax tax return tax preparation 52

LyfeAccounting

DECEMBER 28, 2020

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. It is not meant to take the place of legal and accounting advice specific to your business. Business Tax Credits vs Tax Deductions. Quick Recap.

business tax 52

business tax Tax tax return Government 52

Ryan Lazanis

APRIL 10, 2022

In this guide, I’m going to outline what the future of accounting looks like for accounting firms and how to best prepare for it in 2022. So if you’re looking to improve your firm in 2022 and keep yourself on the cutting edge of accounting, you’ll love this new guide. Future of Accounting Table of Contents.

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