Xero

NOVEMBER 17, 2022

Every business, regardless of size, needs a voice. . But smaller businesses find it harder to get out and promote their brands and services. Whether using in-house resources or an agency, PR is another expenditure for already-stretched owners. Now, hundreds of small business members use the platform.

Start-ups 72

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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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audit Tax tax return tax preparation 98

Xero

APRIL 27, 2023

The Xero Responsible Data Use Advisory Council recently held its seventh meeting, with a focus on the extraordinary developments in the field of generative AI, and the myriad potential applications for small business. Soon-Ee kicked off by asking us to think about what these technologies mean and their limits.

Legal 85

Legal Technology Tax Account 85

ThomsonReuters

MAY 10, 2023

The first blog in this series focused on the new guidance around risk assessment under SAS 145 , and the second on improved documentation and skeptical analysis. In this third blog, we’ll examine balancing the scope of an audit with the complexity of an entity’s activities.

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audit auditor Account accountant 52

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.

E-commerce 98

E-commerce accounting and finance Tax Sales 98

Xero

OCTOBER 4, 2022

We take pride in knowing that our communities in the US have large Hispanic and Spanish speaking populations, and we strive to change the game for Hispanic small business owners. JPG provides accounting and finance services for small businesses across the United States.

accounting and finance 94

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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

Tax tax return business tax accounting and finance 52

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?

Account 88

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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. As soon as you start to trade or operate your business you’ll need to register with HMRC.

Start-ups 75

Start-ups Account accountant accounted 75

ThomsonReuters

DECEMBER 17, 2020

With the recent rash of public company fraud issues that were missed both internally and by external auditors, there has been a lot of negative news coverage for the accounting industry. But what does this mean for small CPA firms who don’t perform audits? In this episode of Pulse of Practice “Should a Small Firm Care?”,

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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

bookkeeping tax return Non-Profits Tax 52

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

bookkeeping tax return Non-Profits Tax 52

Snyder

JANUARY 8, 2023

What does it mean for small businesses? This article answers the questions for anyone curious about how to start a dropshipping business: What is dropshipping? What is a dropshipping business? Who is a dropshipper in the dropshipping business model? Why start a dropshipping business? You guessed it!

E-commerce 98

E-commerce Non-Profits Start-ups Maine 98

Nancy McClelland, LLC

JULY 22, 2022

On June 27th I woke to find dozens of notifications from MyTax Illinois in my email inbox — one for each and every client of ours who files sales taxes. But, if you dig through the bulletins you’ll find two in particular that could be important to a small business owner.

Illinois 52

Illinois Sales Tax tax return 52

LyfeAccounting

DECEMBER 31, 2020

?. So you have a business? Well there are taxes that need to be filed and paid, and this post is going to break down all of it. For the purposes of filing and paying employer payroll taxes, I’d highly recommend using a payroll software like QuickBooks or Gusto. Payroll Tax Filings: Forms That You Need.

payroll tax 52

payroll tax payroll Tax tax return 52

Snyder

FEBRUARY 12, 2023

Payroll taxes can be daunting for employers to calculate and pay. With the numerous tax laws, regulations and compliance requirements, employers are required to be up-to-date on the latest regulations to ensure they’re making accurate and timely payroll tax payments. It is not intended to provide any tax advice.

payroll tax 52

payroll tax payroll Tax income tax 52

LyfeAccounting

OCTOBER 21, 2020

?. In federal taxes you owe $78,435.72. Look, those were like your tax liabilities from last year. So I’d say, learn how to use small business tax deductions to lower your liability. Because you definitely don’t want to spend more in taxes for another year. So for many people, tax season is a drag.

business tax 52

business tax Tax tax return Education 52

LyfeAccounting

APRIL 15, 2021

This is great for the small businesses and non-profits that need this money! million businesses employing more than 20 million people have found financial relief through SBA’s Economic Injury Disaster Loans, which provide low-interest emergency working capital to help save their businesses. business name.

Non-Profits 52

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ThomsonReuters

APRIL 6, 2023

Whether you’re an accounting student, a recent college grad, or a small business owner, you may have questions about what accounts payable is, how it works, and best practices. As an important indicator of the health of a business, accounts payable is a gauge of cash flow.

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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. Second, it will modify the timing of your tax liability for earnings and when you can declare expenses.

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accrual accounting Account accountant accounted 52

LyfeAccounting

FEBRUARY 19, 2021

One of the most popular types of business entities in the United States is a single-member limited liability company. This type of LLC has only one owner. A single-member LLC is usually a business registered in the state where the company does business. Thus, protecting personal assets from business-related liabilities.

Tax 52

Tax income tax tax return accounting and finance 52

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

Illinois Non-Profits payroll Start-ups 52

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

Illinois Non-Profits payroll Start-ups 52

LyfeAccounting

MAY 25, 2021

Quick Inflation Tax Explanation. 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. This free money coupled with a lack of production/supplies is what is leading to a hidden inflation tax in 2021. year over year.

Tax 87

Tax Real Estate accounting and finance tax return 87

LyfeAccounting

FEBRUARY 9, 2021

?. What are the tax benefits of S-Corps? And here’s a quick note: We recently saved our client over $95,000 in taxes by making one small change – you guessed it right, helping her switch from an LLC to an S-Corp. You’ll want to consult with a CPA , or your tax and legal advisor regarding your specific business.

Tax 52

Tax audit New Hampshire income tax 52

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! It is there to lay ground rules and procedures for how the business owners and the managers of the business will handle decisions. An EIN is a 9-digit number used to identify your LLC. Dissolution.

income tax 52

income tax payroll tax accounting and finance Tax 52

LyfeAccounting

JANUARY 14, 2021

?. If you are self-employed, congratulations, you now have to make tax payments every quarter of the year or Uncle Sam will pay you a visit to drop off interest and penalties. I myself have to pay quarterly tax payments and here at LYFE Accounting, we help business owners pay theirs. Who has to pay quarterly taxes?

Tax 52

Tax accounting and finance tax preparation income tax 52

LyfeAccounting

OCTOBER 20, 2020

But you have absolutely no idea what this means, and if you even need it in your business. And as the sole owner of her company, she had to make these hard decisions all by herself. 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.

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. And as the sole owner of her company, she had to make these hard decisions all by herself. 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.

accounting and finance 52

accounting and finance financial statements bookkeeping cpas 52

Ryan Lazanis

JULY 11, 2023

Do you want to attract top-tier talent for your staff accountant position? One of the things you must have is a compelling and comprehensive staff accountant job description that showcases what you can offer. Table of Contents The Strategy for a Good Staff Accountant Job Description What Does a Staff Accountant Do?

accounting jobs 40

accounting jobs accountant jobs accounts jobs Account 40

LyfeAccounting

JUNE 9, 2021

So you decided to move forward with your business idea…. That way, you have limited liability in case someone decides to sue your business. Some business owners may want their articles of organization to be prepared by a lawyer. And depending on the state, you may also have to pay state franchise taxes.

Rhode Island 52

Rhode Island Nebraska Iowa Nevada 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

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. This is because selecting between these two options will determine your tax outcomes for both you and your employees. And as we know, business is tough, so you want to be able to pay competitively and get good talent. Things get real.

payroll tax 52

payroll tax Tax Legal payroll 52

ThomsonReuters

OCTOBER 19, 2023

Who needs to file Beneficial owners Company applicants When do reports need to be filed for the Corporate Transparency Act? The law was largely ignored by accounting professionals at first. Sole-proprietorships that don’t use a single-member LLC are not considered a reporting company. Who needs to file?

Non-Profits 111

Non-Profits Tax accounting firms Account 111

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

Xero

JANUARY 22, 2023

We held our sixth Responsible Data Use Advisory Council meeting just before Christmas last year. This was another fantastic opportunity to tap the wealth of expertise of our council members about emerging trends around responsible data use for small businesses.

payroll 91

payroll Government accounts payable Tax 91

LyfeAccounting

JULY 12, 2021

It was recently determined that nearly 30% of Americans are self-employed, and 100% of the self-employed hate paying taxes. So our goal for this post is to demystify the 70,000-page tax code for the self-employed into a simple post that will help you understand what self-employment tax is. What are Self-employment Taxes?

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Tax income tax payroll tax tax return 52