ThomsonReuters

MAY 3, 2021

Accountants can bring endless value and experience to young entrepreneurs or those branching off to start their own business. Why should an accounting firm seek out these opportunities out, and how can they best work aside these individuals for mutual success? Teaching the language of accounting.

Account 98

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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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ThomsonReuters

APRIL 13, 2023

But while this certainly adds a dose of predictability to your revenue stream, retainer clients take your income consistency to another level. Even though a retainer can be a win-win, it can be a challenge to convert people and businesses who come to your accounting firm for their tax returns into consistent retainer clients.

tax return 59

tax return Tax accounting and finance accounting firms 59

Basis 365

MARCH 30, 2023

ARE ALL ACCOUNTING SERVICES THE SAME? COMPARING DIFFERENT ACCOUNTING PARTNERS CAN BE LIKE COMPARING APPLES AND ORANGES. ACCOUNTING SERVICES (OR OFFERINGS) ARE NOT ALL THE SAME. BREAKING DOWN THE DIFFERENT ACCOUNTING PARTNERS YOU MAY BE CONSIDERING AND WHICH ONE IS RIGHT FOR YOU.

accrual accounting 52

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ThomsonReuters

SEPTEMBER 8, 2023

Jump to: What are the main types of business ownership? Choosing the right business structure for entrepreneurs Business owners can structure their companies in several different ways , depending on the size of the business, its growth potential, how the business is managed, how the owners want to be taxed, and many other variables.

income tax 75

income tax Tax Legal tax return 75

ThomsonReuters

JULY 6, 2023

In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. But what does accounting advisory mean and how can your firm take advantage of this unique opportunity to showcase your knowledge and build deeper relationships with your clients?

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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.

bookkeeping 52

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Snyder

DECEMBER 27, 2022

Freelance accounting is increasing in popularity. With the rise of online platforms like Upwork, Fiverr, and Remote.co, more and more people are working remotely to offer their services to businesses worldwide. This means that nowadays, freelancers have greater opportunities to find work and grow their businesses faster.

Account 98

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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.

accounting basics 52

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ThomsonReuters

MARCH 12, 2021

We’ve seen the impact the COVID-19 pandemic took on succession planning for accounting firms. Our businesses are quite different than they were before. When the day comes when you’re ready to step away from your business, are you prepared to do more than just simply turning out the lights?

accounting firms 98

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ThomsonReuters

OCTOBER 5, 2023

Jump to: What is amortization in accounting? These assets vary depending on the type of business, but they often include such tangibles and intangibles as office buildings, corporate vehicles, computers, patents, copyrights, and trademarks. Some assets will fall under amortization accounting. So how does this look?

Account 52

Account accountant accounted Expense Amortization 52

LyfeAccounting

JUNE 11, 2021

When you form your business with your state, there is not an option for “S-Corporation”. For example, a C-Corporation might choose to be treated as an S-Corporation to avoid double taxation, because they are taxed on both – a business and individual level. What is an S-Corporation? Let’s start by telling you what it is not.

Non-Profits 52

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LyfeAccounting

MAY 25, 2021

So quick math here… Basically, if you had $100 this month last year, well it’s worth about $96 today just based on that 4.2% Basically, the average inflation for last year was 1.4% Now what’s interesting is that most of the free money started hitting people’s accounts in May. inflation rate.

Tax 87

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LyfeAccounting

NOVEMBER 16, 2020

For starters, lawmakers have spent the last few months fighting over the next round of relief, including another round of PPP, which has some accountants recommending to their clients that they should hold off on applying for PPP loan forgiveness. Now obviously debt can be especially overwhelming for any person or small business.

payroll 52

payroll income tax Tax accounting and finance 52

Snyder

APRIL 25, 2022

When you have a successful business , it’s important to be able to track and manage your physical goods, and inventory management will help you with that. Whether you’re just starting out or have been in the game for a while, good inventory management for small businesses will maximize your profits and minimize expenses.

E-commerce 98

E-commerce Maine Manufacturing Start-ups 98

LyfeAccounting

NOVEMBER 10, 2020

?. In today’s post, I’ll be going over ways you can increase profit in your business. Whether you’re new in your business or seasoned in the game, I’m pretty sure increasing your profits is something that you’re really interested in. Profit is revenue minus expenses. Profit margin is profit as a percentage of revenue.

bookkeeping 52

bookkeeping accounting and finance payroll tax Start-ups 52

Snyder

NOVEMBER 10, 2022

The biggest tax season challenge for a small business is tax preparation and filing. 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. Accessibility.

tax preparation 52

tax preparation Tax tax return accounting software 52

Snyder

MAY 6, 2022

An affiliate program is a commission-based type of marketing relationship between businesses and marketers. Businesses love this model because it doesn’t require investments and commission is paid only after the desired result is obtained. . The more results you drive to your partner business, the bigger financial reward you get.

Technology 52

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LyfeAccounting

APRIL 22, 2021

And while most businesses were paying their fair share of taxes, in 2018, Amazon received a rebate of $129 million. This basically means Amazon got a federal tax refund for millions of dollars. To help you get started, here are a few of the top tax credits available for small business owners at this time: Opportunity Zone Credit.

Tax 52

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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. Now, our client is on track to gross their highest revenue and profit ever in a calendar year. We wanted to know what she wanted to accomplish in her business. And that led to astronomical results in her business.

accounting and finance 52

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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. Now, our client is on track to gross their highest revenue and profit ever in a calendar year. We wanted to know what she wanted to accomplish in her business. And that led to astronomical results in her business.

accounting and finance 52

accounting and finance financial statements bookkeeping cpas 52

ThomsonReuters

DECEMBER 17, 2021

Earlier efforts have given taxing bodies greater visibility into corporate tax planning and business activities, increased the systematic sharing of taxpayer information between countries, and spurred near real-time financial reporting requirements and other reforms to rein in tax avoidance.

Tax 52

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LyfeAccounting

JUNE 1, 2021

Today, we are here to help you find grants for your business – basically free money that does not have to be paid back. List of Small Business Grants: 2 Main Types. We’ll be revealing a list of small business grants from both types starting with 7 private grants. FedEx Small Business Grant Contest.

Non-Profits 52

Non-Profits Government accounting and finance Hawaii 52

LyfeAccounting

JUNE 23, 2021

If you think about your business or job, that’s actually considered active income because it takes a lot of time and effort to earn money from it. Bank Certificate of Deposits or CDs is a low-risk savings account offered by banks. And basically, you can get actual cash back in your pocket on purchases that you would make anyway.

Real Estate 52

Real Estate Start-ups accounting and finance small business accounting 52

Snyder

FEBRUARY 12, 2023

The only thing that a business owner wants is to nail the tax season. This article will help outline the basics of payroll taxes every small business owner needs to know about. The amount of taxes collected from individuals and businesses within a state depends on the specific state tax laws. Contents: 1.

payroll tax 52

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LyfeAccounting

OCTOBER 15, 2020

There is no way you can grow and manage a small business without understanding your KPIs, which are key performance indicators. Sure, you may have a good product, the best sales people, or cool marketing tricks, but as you grow, I promise you that you will eventually have to face the underlying facts in your business.

Non-Profits 52

Non-Profits bookkeeping Start-ups financial statements 52

LyfeAccounting

JUNE 18, 2021

Basically, they want to make sure that there isn’t some criminal out there stealing your refund. But once you do, you’ll be able to access your IRS account online and perform different activities like verifying your identity with them. appeared first on Small Business Accounting & Finance Blog.

Tax 52

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LyfeAccounting

JUNE 4, 2021

Here at LYFE Accounting, not only do we help people pay themselves correctly as an LLC… …but we’ve also started one of the fastest-growing LLCs according to Inc Magazine and the financial times in 2021. You work for yourself, your business is earning money, and now it’s time to make some decisions – how do you pay yourself?

CPA 52

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LyfeAccounting

NOVEMBER 17, 2020

As a business owner, understanding how to navigate taxes can be extremely overwhelming. With our first business, LYFE Marketing, I remember stressing to figure out what was the best way to pay my taxes. It is not meant to take the place of legal and accounting advice specific to your business. What are Income Taxes?

income tax 52

income tax payroll tax payroll Tax 52

LyfeAccounting

MARCH 25, 2021

As an accounting firm, we get asked all the time. “What should my business entity be? Essentially, it is a business entity that you can set up for your business. You see with an LLC you are able to separate your business assets from your personal assets. In fact, we love to see people start new businesses.

Legal 52

Legal Tax accounting and finance accounting firms 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

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ThomsonReuters

JUNE 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you know that differentiating yourself from the competition is always top of mind. All this, alongside the more traditional tax preparation, payroll, and accounting/bookkeeping services that your clients have come to know and trust. What are advisory services?

tax return 93

tax return Tax bookkeeping services Technology 93

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

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. Now, let’s begin.

Tax 52

Tax tax return business tax accounting and finance 52

LyfeAccounting

SEPTEMBER 14, 2020

You can’t manage a small business without a budget. Within 6-months, we created a budget, held her accountable for it, and flipped that operating loss completely around. Within 6-months, we created a budget, held her accountable for it, and flipped that operating loss completely around. I have to find another accountant.

accounting and finance 52

accounting and finance Sales Start-ups Account 52

Snyder

JANUARY 12, 2023

This is the second blog post in the series about the best Shopify apps to increase your sales instantly. Most of your front-store and back-store operations can be automated or analyzed to further the growth of your business. So let’s get started with the most crucial areas of your business – order management and inventory.

E-commerce 52

E-commerce Technology Sales Start-ups 52

Snyder

NOVEMBER 27, 2022

How do you continue steadily growing your business revenue? Whether you’ve just recently created your Shopify page or you’re an experienced seller, there’s always a way to improve your business management. This is true even for businesses that sell physical items. Find out what the requirements to sell on Shopify are.

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E-commerce Non-Profits Technology Sales 98