Xero

NOVEMBER 23, 2022

What an incredible day it was, meeting the more than 750 accountants and bookkeepers who showed up to engage with the community, share their knowledge and expertise. It is clear that practices and SMEs alike are looking to remain competitive in this tough post pandemic business climate. Adopt cloud accounting. Apps and services.

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LyfeAccounting

MAY 7, 2021

We want you to get ready because you are about to get one step closer to financial freedom with Grant Cardone’s top 10 financial freedom secrets for building true wealth. Grant Cardone’s Top 10 Financial Freedom Secrets. Source: Grant Cardone. Source: Grant Cardone. Source: Grant Cardone. Here we go.

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Xero

JUNE 6, 2022

As many of us continue to respond to the impacts of climate change, it’s important to consider how the small business landscape will change, not just for our small business customers but our accounting and bookkeeping partners too. Who do small businesses go to when they have questions?

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PASBA

SEPTEMBER 25, 2019

The competition for accounting clients can be as intense as in any other industry. Talk to your clients and others in the industry to find out what they really expect of their accountant and what would make them most likely to leave for a competitor or stay with your firm indefinitely. Excessive business debt.

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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. There are many places to look for grants. So, we’ve compiled a list of the best grants and places to find grants to save you time and money. Nav’s “Legitify Your Small Business” Grant.

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Xero

JUNE 20, 2022

Xero partner and accountant Andrew Van De Beek of Illumin8 shares 10 questions every small business should ask their advisor this tax season (and beyond). . When it comes to tax time, small business owners (perhaps, yourself included) typically have a lot of questions for us advisors.

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Nancy McClelland, LLC

APRIL 11, 2023

Filing an extension grants you additional time to submit your complete and accurate return, but you still need to estimate whether you will owe any taxes and pay that estimated balance by the original due date. Our blog post step-by-step on how to make quarterly estimated tax payments online.

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Nancy McClelland, LLC

MARCH 9, 2023

The great news for most businesses was that if all the RRF funds were allocated to eligible costs before the first reporting date, no additional reporting was required. If not, then the business needed to come back the following year and report a second time.

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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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LyfeAccounting

MAY 25, 2021

And here on our blog, we’ve talked about a few of them such as PPP loans , EIDL loans , business grants you can get for your business, and so on. In this post, we want to explain the inflation tax, talk about what you can do to avoid it, especially if you are someone who is getting business grants/loans/credit.

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LyfeAccounting

AUGUST 10, 2021

How to raise money for a new business? So, what do you do when you have an amazing business idea, but no money to fund it? But spoiler alert: while raising money may seem difficult, there are more ways than ever before to get funding for a business, and getting capital is a lot easier than you may think. . Small Business Grants.

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ThomsonReuters

MARCH 10, 2021

Limits the ERC to $50,000 per calendar quarter of an eligible employer that is a “recovery startup business.” Qualified wages paid by an employer taken account as payroll costs under (1) Second Draw PPP loans; (2) shuttered venues assistance and (3) restaurant revitalization grants are not eligible for the ERC.

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Inform Accounting

NOVEMBER 18, 2022

This new fiscal direction isn’t good for small business owners. UK Plc needs repaying for all the money it gave or lent to businesses to support the economy during the Covid-19 pandemic. Sadly, the chancellor has taken a swipe at small business owners and decided that this is the population that will take the brunt.

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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.

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Nancy McClelland, LLC

AUGUST 21, 2023

There have been rumblings in the news for quite some time now about small businesses being required to provide retirement plans for their employees — but most owners seem to be turning a deaf ear, presuming that their small size exempts them from the requirement. Why Is Illinois Making Small Business Owners Do This?

Illinois 52

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Nancy McClelland, LLC

AUGUST 21, 2023

There have been rumblings in the news for quite some time now about small businesses being required to provide retirement plans for their employees — but most owners seem to be turning a deaf ear, presuming that their small size exempts them from the requirement. Why Is Illinois Making Small Business Owners Do This?

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LyfeAccounting

NOVEMBER 25, 2020

So now, with the covered period ending for many small businesses, the question is, “How exactly do I go about getting the PPP Loan Forgiveness?”. So when the United States started lockdowns back in April, businesses needed a bridge to cover their costs until the economy reopened. That was the plan back in April 2020.

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ThomsonReuters

MARCH 29, 2021

ARPA Section 9901 directs states in the permitted uses of federal aid funds received pursuant to ARPA, such as providing aid to households and small businesses, assisting essential workers, and providing government services that may have been impacted by COVID-19 related revenue shortfalls. Sign up for a free trial today!

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LyfeAccounting

FEBRUARY 4, 2021

Some revisions have made the process easier for businesses with smaller loan amounts. The SBA form 3508S is a simplified application form that for the most part requires the business owner to answer some questions. So if you applied for both grants, then that means you could have received two grants for your business in 2020.

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LyfeAccounting

MARCH 10, 2021

Now, CPAs can provide a number of services to small businesses. CPA services are accounting services that are provided by a Certified Public Accountant, also known as a CPA. Most CPAs have Master’s Degrees in Business or Accounting with at least a few years of experience under a CPA. What are CPA Services?

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PYMNTS

MARCH 8, 2019

“Today’s big tech companies have too much power — too much power over our economy, our society, and our democracy,” Warren wrote in a blog post. And in the process, they have hurt small businesses and stifled innovation.”. What do Americans get in return? What are the obligations of corporate citizenship in the U.S.?”

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LyfeAccounting

JANUARY 19, 2021

So if you are in a struggling small business and you need money so that you can survive for the next few months, t hen please take advantage of the Paycheck Protection Program otherwise known as the PPP loan. It refers to a loan that if used for certain qualified expenses, can be forgiven thus being converted into a grant.

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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. And that led to astronomical results in her business. Who needs 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. And that led to astronomical results in her business. Who needs Virtual CFO services?

accounting and finance 52

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Snyder

MAY 10, 2022

Whether you’re a small business owner or a manager within an international enterprise, keeping track of your spending and payments is an essential part of running a successful company. Keeping track of your finances may become complicated when working with multiple partners, businesses and suppliers. It’s also non-stop.

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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.

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Withum

JANUARY 24, 2023

In my last blog , I presented some best practices around Admin roles that can be used to target Microsoft 365 workloads such as Exchange Online, Microsoft Teams or SharePoint Online. A role is a specific level of permissions that a user can be granted (e.g., Welcome back for round two of permissions in Office 365/Microsoft 365.

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LyfeAccounting

JULY 3, 2021

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. Your ability to receive funding from many grants is significantly increased. So it becomes a win-win for everyone!

Tax 52

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LyfeAccounting

DECEMBER 7, 2020

And after helping hundreds of businesses with their accounting and taxes, we know a thing or two about it. It doesn’t matter if you have one employee, 10 employees, 50 employees or haven’t even started your business yet, you are going to want to read this post in its entirety. So let’s get started! What is Compensation?

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Xero

JANUARY 12, 2023

At Xero, our aim is to make life easier for accountants, bookkeepers and small businesses. And we understand that there’s a lot to get your head around, so we’ve shared three key facts about Xero that both new and experienced accounting and bookkeeping users may not have realised.

bookkeeping 20

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LyfeAccounting

AUGUST 12, 2021

Keep reading because in this post, we’re going to uncover everything you need to know about how to trademark your business. They are intended to minimize confusion that could happen if two or more businesses have the same name, symbol, slogan, logo, or name. . Trademark Your Business: Why Register For One? . Service Mark.

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LyfeAccounting

APRIL 28, 2021

So, if you operate a business or if you are self-employed, then the tax code is set up in a way that allows you to write off business vehicle expenses and cost. There are two methods for this: You have the standard mileage rate deduction which calculates how many business miles you have driven and gives you a deduction based on that.

Tax 52

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ThomsonReuters

FEBRUARY 10, 2021

Here’s a rundown of what you need to know about the CAA as you prepare 2020 business and individual tax returns. Emergency financial aid grants. The CAA excludes these grants from the gross income of college and university students. Business Returns. Individual Returns. Child tax credit and earned income credit.

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ThomsonReuters

APRIL 26, 2022

In addition to training and relocation support, JTAC recommends not only training for new jobs but also training displaced workers to start a business. 50,000 Planning Grants are? a $1M grant for clean energy jobs training. JTAC also recommends providing temporary “wage and health differential” benefits to displaced workers. .

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inDinero Accounting

DECEMBER 22, 2021

Keeping records is also crucial to protecting your business – especially since the IRS is planning to increase business audits by 50%. With reliable enterprise accounting software, businesses can have up-to-date information about their finances in real-time. What is Enterprise Accounting Software?

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inDinero Accounting

DECEMBER 22, 2021

Keeping records is also crucial to protecting your business – especially since the IRS is planning to increase business audits by 50%. With reliable enterprise accounting software, businesses can have up-to-date information about their finances in real-time. What is Enterprise Accounting Software?

accounting software 52

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ThomsonReuters

JUNE 14, 2021

The IRS has posted a June 2021 draft version of the Form 941 , Employer’s Quarterly Federal Tax Return, instructions that take into account the amended and expanded coronavirus (COVID-19) pandemic tax credits and the new COBRA premium assistance credit from the American Rescue Plan Act (ARPA). Draft instructions of Form 941 and schedules.

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