SchoolofBookkeeping

MAY 12, 2023

If you're a QuickBooks accounting professional, you may have noticed a recent change in how new subscriptions to QuickBooks Online are handled. Intuit, the company behind QuickBooks, has started automatically creating QB Payments accounts for all new subscriptions. For some businesses, this might be a welcome change.

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Snyder

OCTOBER 27, 2022

When you’re an e-commerce business owner, setting up your online store with Etsy sounds like a great option for creating an additional revenue stream, with over 96 million active buyers across the world purchasing goods on the platform. This blog will teach you how to receive payments on Etsy , both including and apart from PayPal.

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Cheap Accounting

AUGUST 31, 2023

The one downside is dealing with the bureaucracy and regulation that running a business brings. Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. When do I have to register with HMRC? You can do this online at [link].

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xendoo

AUGUST 24, 2021

Businesses are created because business owners have a passion that needs to be pursued. Yet, every business owner faces the unique challenge of figuring out how to pay themselves. How much do you pay yourself? How do taxes factor in? How Do I Pay Myself? How Much Do I Pay Myself?

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ThomsonReuters

MAY 17, 2022

Do you have clients working full- or part-time in the gig economy? Beginning in 2022, third-party settlement organizations (TPSOs)), including banks and on-line payment networks (payment settlement entities (PSEs), are required to report payments of $600 or more to IRS and payees on Form 1099-K, Merchant Card and Third-Party Network Payments.

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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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Shay CPA

MARCH 16, 2023

Akshay Shrimanker, our Founder and CEO, recently joined Blake Oliver, David Leary, and a panel of other accounting experts (Mike Moiśe CPA, Matthew May CPA, and Reynaldo Arellano CPA) on a special episode of the Cloud Accounting Podcast. The immediate impact After $42 billion was pulled from SVB accounts, the writing was on the wall.

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Shay CPA

FEBRUARY 14, 2024

The ability to take the deduction in the year spent went away on December 31, 2021, so as you’re doing your 2024 taxes, this needs to come into play. As of the publication of this blog post changes to the rules of Section 174 are being considered in Congress with initial legislation passing in the House of Representatives.

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Xero

DECEMBER 13, 2023

While Xero’s Future Focus research reveals small businesses are more optimistic, and even intrigued, about the potential of emerging technologies than doom and gloom, many wish there was more education and resources to navigate a rapidly changing world.

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Xero

JULY 31, 2022

Other improvements include separate bank account prefix and bank account number fields (Australia, UK and US), and better error messaging. This will save you time when merging multiple contacts instead of doing it one at a time. View your Xero balance in the Xero Accounting app — Global.

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LyfeAccounting

JANUARY 12, 2021

If you’re a new business owner or even if you already have a business up and running and want to improve the bookkeeping of your business, then this post is for you! Bookkeeping for your business is super important and deserves your utmost attention. And at the end of the day, accounting is the language of business.

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LyfeAccounting

JULY 27, 2021

So in this post, we want to just briefly answer the question, do some math and calculations with you and try our best to help you make the best decision possible. So do you need more than one LLC for your rental properties? The biggest reason is going to be separation, right? Keep reading! So what does this mean?

Real Estate 52

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Nancy McClelland, LLC

DECEMBER 26, 2023

The most important point is that only businesses need to issue 1099s — if you paid someone for personal purposes, you are not (yet) required to send them or the IRS a Form 1099. – The IRS launched IRIS, a new free online portal , for businesses to file 1099 returns.

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Nancy McClelland, LLC

DECEMBER 26, 2023

The most important point is that only businesses need to issue 1099s — if you paid someone for personal purposes, you are not (yet) required to send them or the IRS a Form 1099. – The IRS launched IRIS, a new free online portal , for businesses to file 1099 returns.

bookkeeping 52

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Xero

FEBRUARY 15, 2023

With new innovations unlocked almost daily — each with a unique promise to transform how we do business — how do busy small businesses and their advisors separate the fad from the fancy? For small businesses, though, it’s still tricky to see what these capabilities actually look like.

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ThomsonReuters

OCTOBER 12, 2023

How to report foreign assets Form 8938 instructions FATCA considerations Helping clients with foreign assets In today’s global economy, many individuals and businesses have financial interests that extend beyond their home country’s borders. Report to the Foreign Bank and Financial Accounts (FBAR).

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Snyder

MAY 31, 2022

When your small business is always on the go, trying to keep track of all your business expenses can be a challenge. By creating an expense report, you can track all your business spending in one place so you don’t have to worry about forgetting anything. An expense report is a record of expenses incurred by a business.

E-commerce 52

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LyfeAccounting

JULY 20, 2021

Great, you have an LLC and now you have all that is required to get to work and operate your business! You see, everyone talks about getting an LLC but not many people talk about what to do after you start an LLC. And this is kind of scary if you don’t know what to do. What to Do After You Start an LLC.

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LyfeAccounting

MAY 18, 2021

Today, we’ll be going over the biggest mistakes that we see small business owners make. Now, we completely understand that you’re reading this and maybe you’re a new business owner. You have good intentions and want to do the right thing but not exactly sure of what to do. 7 Tax Mistakes Business Owners Make.

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LyfeAccounting

JUNE 30, 2021

Do you need a loan to get your business up and running? About 43% of small businesses applied for business loans last year. So in today’s post, we will break down the steps necessary to increase your chances of getting approved for business loans… …and start that business you’ve been dreaming about.

Real Estate 52

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Ronika Khanna CPA,CA

APRIL 14, 2022

Being a small business owner comes with challenges, not the least of which is doing your taxes. While most Canadian taxpayers have relatively simple tax returns that can easily be completed using software, small business owners have the additional burden of reporting details relating to their businesses.

Tax 52

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LyfeAccounting

MAY 27, 2021

You want to build your business credit and want to know the most effective and fastest way to do so. Business credit is extremely underrated and overlooked by most businesses even though it is a key ingredient to business success. What is Business Credit? Benefits of Business Credit. Higher Limits.

accounting and finance 52

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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. For instance, why is it essential to select between cash and accrual accounting methods? What Is Cash Basis Accounting?

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LyfeAccounting

AUGUST 3, 2021

Interestingly enough, according to the SBA , as of May 24, 2021, nearly 2 million small businesses have yet to submit their PPP loan forgiveness application. Now in case you don’t know, the PPP loan will automatically convert into a standard loan at about a 1% interest rate if a small business does not apply for forgiveness. .

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LyfeAccounting

DECEMBER 1, 2020

?. How to Incorporate a Business? In today’s post, I’ll be going over everything you need to know about incorporating a business. If you’re thinking about starting a business for the first time, or even if you already have a business and want to incorporate it, then this post is for you! Make sense?

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LyfeAccounting

JULY 19, 2021

So in this post, we’re going to give you everything you need to know on how to buy rental properties with an LLC. As well as review the pros and cons of doing using an LLC. But before we dive in, let us first briefly go over this… What Is An LLC and Do You Need One? Step 1: Understand the business structure.

Real Estate 52

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LyfeAccounting

OCTOBER 21, 2020

So I’d say, learn how to use small business tax deductions to lower your liability. Another month… Another week… And another day… So today we’re going to look at how you can start reducing taxes by taking advantage of small business tax deductions. An ordinary expense is one that is common and accepted business.

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LyfeAccounting

FEBRUARY 19, 2021

?. One of the most popular types of business entities in the United States is a single-member limited liability company. A single-member LLC is usually a business registered in the state where the company does business. All these business entities have their own unique advantages and disadvantages. limited partnerships.

Tax 52

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LyfeAccounting

AUGUST 3, 2021

We know many of you have had issues applying for PPP loan forgiveness through your participating lender or bank. . It’s honestly just been a hassle for a lot of business owners to successfully get their PPP loan forgiven. The Problem with Applying for Forgiveness from Banks. The Problem with Applying for Forgiveness from Banks.

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LyfeAccounting

NOVEMBER 9, 2020

LLCs are by far the most popular entity type amongst small businesses. How does it protect your business? The answers to these questions may influence the entity structure that you choose for your business, and how much money you end up paying the IRS. In fact, LLCs have nothing to do with your taxes, in general.

Tax 52

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LyfeAccounting

JULY 8, 2021

How to start a business without money? Building a new business is hard and building a business without money is even harder. In fact, when we started our first business, the only money one of our founders had was a $250 deposit into a business checking account. But it’s definitely possible.

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ThomsonReuters

DECEMBER 7, 2022

As we know, governments collect taxes to fuel economic growth and fund investments in infrastructure, human capital, as well as the provision of services for individuals and businesses. Savings accounts. If the due date falls on a Saturday, Sunday, or legal holiday, file on the next business day. Bank accounts.

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PYMNTS

DECEMBER 16, 2016

Bank Stocks: The Fed rate hike is finally in, and that’s likely a good sign for banks (and their stocks). The impact may be longer term in nature, but the benefits will accrue to banks’ bottom lines. And where earnings show gains, often so do stocks, which have already been sizzling. We’ve got it all here.

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PYMNTS

MAY 11, 2017

Several major banks, including Citi and Standard Chartered, recently launched their own APIs to help their various clients access each banks’ financial toolsets to address their individual needs. Other financial institutions and businesses are also seeking to invest in API solutions to engage with their customers.

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LyfeAccounting

OCTOBER 18, 2020

There are a ton of things that are important to businesses owners like: sales. Here are 15 reasons: 15 Reasons Why Bookkeeping is Important for Businesses. Being organized is a skill every business owner should have. You should be able to find information regarding your business at any time. I know, I know.

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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? 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. In this guide, you’ll learn: How to set up a strategic business plan.

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PYMNTS

AUGUST 16, 2019

But this week, care of a report from Bank of America , the world learned that Amazon Prime Day also has the power to numerically move the entire retail market for that entire month. Michelle Meyer, Bank of America Merrill Lynch’s head of U.S. 1; those who want to opt out must do so explicitly.

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