MineralTree

JANUARY 18, 2024

Optimizing the accounts payable (AP) process involves more than paying vendors on time — it’s also about maximizing efficiency and accuracy with every outgoing payment while managing cash flow to maintain a healthy business. The process includes invoice receipt, verification, approval, and eventual payment.

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CTP

AUGUST 17, 2023

As we mentioned in our last blog, small business owners can see major benefits from the Employee Retention Credit with a little expert guidance. Test #1: Significant Decline in Gross Receipts This test simply requires an accurate account of a company’s yearly income. Any sales tax collected will not count either.

Government 52

Government Tax Start-ups Education 52

CPA Practice

MARCH 8, 2023

These inconsistencies, and many other variables, make it hard for accounting and finance teams to employ consistent and scalable processes, particularly during peak tax season. Ask three organizations how they manage their property taxes, and you’ll get three different answers.

Tax 105

Tax Technology accounting and finance tax return 105

Shay CPA

FEBRUARY 14, 2024

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. Dial in Your Accounting System You don’t need to sink a ton of hours into your accounting. Investors like companies that use GAAP-based accounting.

Technology 52

Technology Tax CPA accounting principles 52

Accounting Insight

AUGUST 15, 2023

As a finance professional, your employees’ business travel often presents a complex challenge due to the numerous policies and industry standards governing a crucial aspect: travel expenses. However, the main problem lies in the cumbersome paperwork associated with handling a stack of receipts, invoices, and other proof of payment.

Travel Expense Management 52

Travel Expense Management Expense Management Transportation accounting and finance 52

xendoo

MARCH 17, 2022

Small business owners around the world are migrating to cloud-based bookkeeping software to keep their financial records and reports organized and accessible. In this blog post, we will discuss how online bookkeeping works and how it is crucial to business growth! Going Digital.

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ThomsonReuters

MARCH 6, 2024

To effectively address these subjects and more, tax and accounting experts today must have comprehensive and current tax research tools and expert editorial analysis at their disposal. It should be noted that planned changes are coming in June of 2024.)

tax return 52

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inDinero Tax Tips

NOVEMBER 4, 2021

Even if your books are perfectly accounted for, an IRS audit letter will fill anyone with a sense of dread. However, most businesses are unprepared and need IRS tax audit help. An audit is the way the Internal Revenue Service (IRS) ensures that what’s being reported on your tax return matches your business activities.

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PYMNTS

DECEMBER 4, 2020

Today in B2B payments, IBM uncovers a business email scam targeting the vaccine supply chain, while Intuit finalizes its Credit Karma takeover. Plus, SellersFunding expands its solution across borders and Penta expands its accounting offering. Penta Offers Digital Accounting, Receipt Services.

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ThomsonReuters

MAY 17, 2022

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. Separate Personal Amounts from Gig Income Receipts.

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Tax tax return income tax Start-ups 105

Withum

AUGUST 23, 2022

Concealing domestic or foreign bank accounts, brokerage accounts, digital assets such as virtual currency or other property. Consistent concealment of unexplained currency, especially in a business not routinely requiring large cash transactions. Claiming substantial business expense deductions for personal expenditures.

Account 59

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Snyder

JUNE 8, 2022

Moving to an e-commerce platform is a growing trend seen throughout the business world. Organizations that offer products online can capitalize on better communication with their customers and often see a significant increase in overall revenue. Tip 2 – Integrate all your payment processors into one accounting platform.

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Ryan Lazanis

SEPTEMBER 1, 2023

If you want to see the best cloud accounting software apps all in one place, then you’ll LOVE this ultimate list. In it, I’ll be sharing 147 of the best cloud accounting software apps on the market. Each item in the list will contain a brief description and will focus on how you can level up your accounting automation.

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accounting software quickbooks Account accountant 98

ThomsonReuters

MARCH 10, 2021

Clarifies that while no credit for paid sick and family leave may be claimed by the federal government or any federal agency or instrumentality, this would not apply to any organization described under Code Sec. Limits the ERC to $50,000 per calendar quarter of an eligible employer that is a “recovery startup business.”

payroll 105

payroll payroll tax Tax Non-Profits 105

Anders CPA

MAY 31, 2022

Getting back to traditional FP&A (analysis) issues, let’s explore more deeply the most common problems organizations have with financial data. #1: Accounting data, just like data in almost any other context, is a beast that you end up spending a lot of time manually fighting with in order to get any value from it.

accounting and finance 96

accounting and finance cpas Finance accounting software 96

ThomsonReuters

FEBRUARY 6, 2024

Types of indirect tax The value of indirect tax to tax professionals Differences between direct and indirect tax Tax planning and management is one of the primary areas accountants help their clients. Indirect tax software is available to assist accountants in areas such as determination and compliance.

Tax 52

Tax income tax Manufacturing corporation tax 52

Shay CPA

FEBRUARY 15, 2023

When you get organized in advance, you save yourself from needing to race the clock. You need to do your part, too, so make sure you’ve properly recorded any business expenses you made with your personal account. That can give you and your accountant a good foundation to build on for this year.

Tax 52

Tax CPA bookkeeping tax preparation 52

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

bookkeeping 98

bookkeeping bookkeeping services accounting firms Technology 98

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. COST One of the most attractive aspects of QuickBooks Online (QBO) is you get a fully functional accounting software at a relatively low cost.

accounting software 52

accounting software quickbooks Account accountant 52

DuctTapeMarketing

JULY 31, 2018

Consulting Business. Small Business Finances. How Cloud-Based Accounting Software Can Benefit Your Business. How Cloud-Based Accounting Software Can Benefit Your Business. As a business owner, you are all too aware of the many moving pieces it takes for a business to run smoothly. Paid Search.

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ThomsonReuters

AUGUST 5, 2021

reduces the required year-over-year gross receipts decline from 50% to 20%; . provides a safe harbor that allows employers to use prior quarter gross receipts to determine eligibility; . The Notice states that there is no provision in CARES Act or subsequent legislation that prevents the receipt of both the ERC and the Code Sec.

tax return 52

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ThomsonReuters

JULY 19, 2022

In general, employees use mobile applications to access accrued wages before the end of their regular pay cycle and the amounts are transferred to a bank account, pre-paid debit card, or payroll card. The post Pay Frequency Subject of New National Research Study appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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ThomsonReuters

APRIL 18, 2023

Cash flow is the lifeline for all businesses and, not surprisingly, is a top concern for many business owners. They rely heavily on cash flow statements and the expertise of their accountant to make informed strategic business decisions. Therefore, cash flow statements must be accurate. billion in cash and equivalents.

accounting and finance 59

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LyfeAccounting

JANUARY 12, 2021

Today, I will be giving you bookkeeping tips to help you better organize your companies’ finances. 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! 6 Bookkeeping Tips For Your Business.

bookkeeping 52

bookkeeping accounting and finance accounting software Finance 52

Snyder

JUNE 20, 2022

Small business owners often have to deal with every facet of business to ensure its success. It makes sense to delegate some of the management tasks because it’s hard to keep track of everything yourself without hampering your business in the long run. Accounting is the language of numbers. Contents: 1.

accounting basics 52

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LyfeAccounting

JANUARY 20, 2021

Does my business type qualify? All we saw were headlines like “PPP loan plan a mess so far for small businesses”, or. Note that you will want to speak to your accountant or lawyer for specific advice regarding your specific situation. The following business types are also eligible: Sole proprietors.

Non-Profits 52

Non-Profits payroll Healthcare Hospitality 52

LyfeAccounting

JANUARY 5, 2021

What Organizations Are Eligible For Deductions? Only donations that go to a tax-exempt organization or qualified organizations qualify for a tax deduction. Most, but not all, charitable organizations qualify for a charitable contribution deduction. Let’s get started! …to name a few. …to name a few.

Tax 52

Tax tax return audit accounting and finance 52

ThomsonReuters

NOVEMBER 2, 2021

As a corporate tax professional, you know the complexities of complying with business taxation requirements. The taxing of profits from the business is at both corporate and personal levels, potentially creating a double taxation situation. Section 162 of the Internal Revenue Code details the allowable business expenses.

tax return 59

tax return corporation tax income tax Tax 59

LyfeAccounting

JULY 3, 2021

How to start a nonprofit organization in 2021 – otherwise known as a 501(c)(3) organization. So, a nonprofit organization is a business entity in which your goal is not to be profitable… …but to make money to expand on a social clause like feeding the homeless or helping victims of harsh circumstances.

Tax 52

Tax Georgia Start-ups Legal 52

ThomsonReuters

OCTOBER 21, 2022

Organizations with an international presence are required to know each country’s payroll laws in which they operate in order to maintain compliance and avoid audits, penalties, and lawsuits.? . Payroll is typically a business’s greatest expense, which encompasses several different areas of a business’s operations.

payroll 52

payroll Tax Technology payroll tax 52

LyfeAccounting

AUGUST 10, 2021

Section 162 of the internal revenue code says that you can “deduct all ordinary and necessary expenses paid or incurred during the taxable year to carry on any trade or business”. Not to invest in stock markets, real estate, or your business. . If there were no businesses, there would be no jobs. Just take a look for yourself.

Real Estate 52

Real Estate Tax tax return tax preparation 52

ThomsonReuters

JULY 10, 2023

Sales tax vs. use tax Summary Calculating, collecting, and reporting sales tax and use tax can get complicated as a business grows, and it can be easy to confuse these two types of indirect taxes. Sales tax is easier to understand since consumers can clearly see their tax burden on the receipt of purchase. Jump to: What is sales tax?

Tax 97

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LyfeAccounting

OCTOBER 28, 2020

Tax Tip #1 – Contribute to your retirement account. If you haven’t already done so, max out your annual contributions in your 401k or IRA account. And two, the contributions you make to these retirement accounts are… (drum roll, please) tax-deductible! Tax Tip #3 – Accelerate your business expenses.

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Tax tax planning accounting and finance tax preparation 40

LyfeAccounting

OCTOBER 14, 2020

Today, I’ll be deep-diving into the bookkeeping basics for small business. 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. That’s a mouthful!

bookkeeping 52

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ThomsonReuters

OCTOBER 21, 2022

Organizations with an international presence are required to know each country’s payroll laws in which they operate in order to maintain compliance and avoid audits, penalties, and lawsuits.? . Payroll is typically a business’s greatest expense, which encompasses several different areas of a business’s operations.

payroll 40

payroll Tax Technology payroll tax 40

LyfeAccounting

JANUARY 13, 2021

What I’ve learned over the years is that many business owners do not know what tax deductions are. And I get it – unless you got a CPA license and Master’s degree in accounting like I do, you’ll likely never learn this stuff. business tax deductions. What are Business Tax Deductions? There are: standard deductions.

CPA 52

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LyfeAccounting

NOVEMBER 3, 2020

This could be due to poor tax planning, or because they’re missing some of the biggest business tax write-offs. As a CPA, I have recognized a common pattern amongst small businesses and self-employed individuals- they are paying way too much in taxes and are missing some of the BIGGEST tax write-offs. What is a Business Tax Write Off?

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Tax tax return business tax accounting and finance 52