ThomsonReuters

APRIL 25, 2024

As an accountant, advising your clients on retirement income taxes and related strategies can help them to optimize their financial planning in their golden years. Let’s take a look at some commonly asked questions on retirement income taxes and how your firm can best advise clients as they approach their retirement years.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

AUGUST 1, 2022

The public perception of accountants is typically described as compliance processors or number crunchers—people who balance books and prepare tax returns. Unfortunately, this limited view clouds the true value of accounting professionals and can lead to some people choosing do-it-yourself tax software. What are their challenges?

tax return 97

tax return Tax Account accountant 97

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.

bookkeeping 80

bookkeeping Education accounting and finance payroll 80

Ryan Lazanis

APRIL 18, 2023

Artificial intelligence in accounting is currently transforming the industry. Table of Contents What is AI in Accounting? Can AI Replace Accountants? Benefits of Artificial Intelligence How is AI Used in Accounting? In fact, ChatGPT wrote the above description: Can AI Replace Accountants?

Account 96

Account accountant accounted Technology 96

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.

accounting software 98

accounting software quickbooks Account accountant 98

Menzies

DECEMBER 11, 2023

Menzies LLP - A leading chartered accountancy firm. The opportunity cost of not investing, will also need to be factored in as businesses will need to remain competitive in the evolving marketplace. The study also highlights the increasing demand for automation in warehouse operations to improve efficiency and reduce operational costs.

Technology 52

Technology Transportation chartered accountant Tax 52

ThomsonReuters

SEPTEMBER 8, 2023

Jump to: What are the main types of business ownership? What is a C corporation? What is an S corporation? What is an LLC? Many entrepreneurs wonder what types of business ownerships are possible and how to determine which one is right for their business.

income tax 75

income tax Tax Legal tax return 75

Ronika Khanna CPA,CA

FEBRUARY 10, 2023

One of the major ones is ensuring that you are aware of, and fulfill, your tax obligations on a timely basis. In the beginning these tax obligations can seem mystifying and somewhat overwhelming, but once you understand what needs to be done, the enigma surrounding the process dissipates and it tends to become routine.

tax return 52

tax return Tax accounting software business tax 52

ThomsonReuters

SEPTEMBER 1, 2022

Imagine this: An advisory-focused conference built by advisory experts that helps tax and accounting practitioners capitalize on the success of their business. They’ve heard of it but didn’t even know what steps to take. Even advanced members had those light bulb moments of what’s next for their clients.

Florida 52

Florida Tax Account accountant 52

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

inDinero Tax Tips

NOVEMBER 15, 2021

Claiming deductions can save your company thousands of dollars in income taxes. However, if you’re claiming ineligible business expenses , you risk facing an audit. If the thought of filing your taxes is enough to make you sweat, you’re not alone. . Understanding Deductible Business Expenses. Interested in learning more?

Tax 52

Tax income tax Legal Entertainment 52

LyfeAccounting

NOVEMBER 13, 2020

Imagine you have a 20 dollar bill, and that money is earned by providing a service and as a result, the business has the freedom to spend it, invest it or save it. Regardless of what happens to that 20 dollars next, these transactions have started bookkeeping and accounting processes. They want to know: What are the differences?

bookkeeping 52

bookkeeping Account accountant accounted 52

ThomsonReuters

APRIL 18, 2023

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. What are the current issues in accounting?

Account 52

Account accountant accounted Technology 52

LyfeAccounting

MARCH 31, 2021

But, you should also consider the possibility of paying taxes when you sell your cryptocurrency. In general, if you sell or exchange your cryptocurrency, it is a taxable event. Through the eyes of the IRS, cryptocurrency is viewed as a capital asset when sold for profit and subject to capital gains tax. So let’s dive in!

Tax 52

Tax accounting and finance income tax small business accounting 52

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.

accounting and finance 52

accounting and finance Legal Start-ups tax preparation 52

LyfeAccounting

OCTOBER 16, 2020

Starting a business isn’t very easy. I mean a lot of people think, and a lot might say, “Whoa, I don’t want to get into debt especially with 8 out of 10 new businesses failing. Well, here’s the thing, how to start a business in 2020, is easier than it’s ever been before. 10 Steps on How to Start a Business.

accounting and finance 52

accounting and finance Start-ups Legal Tax 52

LyfeAccounting

JANUARY 14, 2021

I myself have to pay quarterly tax payments and here at LYFE Accounting, we help business owners pay theirs. Today, we’re going over the following: What are quarterly tax payments. How to calculate your quarterly tax payments. What happens if you don’t pay your quarterly tax payments. business distributions.

Tax 52

Tax accounting and finance tax preparation income tax 52

LyfeAccounting

APRIL 22, 2021

And while most businesses were paying their fair share of taxes, in 2018, Amazon received a rebate of $129 million. See, credits provide a dollar-for-dollar reduction of your income tax and are given by the government to reward certain types of behavior that benefit the US economy. Small Business Healthcare Tax Credit.

Tax 52

Tax Virginia Georgia income tax 52

ThomsonReuters

DECEMBER 7, 2023

Jump to: What is the difference between amortization and depreciation? What is the difference between amortization and capitalization? What is the difference between amortization and depreciation? Tangible assets are physical assets like inventory, manufacturing equipment, and business vehicles.

Non-Profits 98

Non-Profits Tax tax return Account 98

Acterys

JUNE 16, 2023

Financial budgeting serves as a critical aspect of business planning, allowing organizations to effectively allocate their financial resources and gain valuable insights into their operations. At its core, a financial budget helps determine your cash flow and make adjustments based on the business plans and market environment.

Finance 130

Finance accounting and finance Sales Start-ups 130

inDinero Accounting

JANUARY 9, 2023

Table of Contents What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? However, a lack of accounting experience and knowledge can be a hindrance, especially for startups which need to be agile and primed for rapid growth. What Makes Accounting Services for Startups Different?

Account 52

Account accountant accounted accrual accounting 52

inDinero Accounting

JANUARY 9, 2023

What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? How to Select the Right Startup Accountant. Getting Started with Startup Accounting. Holding back your growth. Accountants’ specialized knowledge can support your startup business in many ways.

Account 52

Account accountant accounted accrual accounting 52

ThomsonReuters

JANUARY 9, 2024

Setting up your business as a C corporation (C corp) has many benefits, including greater ownership flexibility and more growth potential than an S corporation (S corp) or a Limited Liability Company (LLC). But what does that mean for your taxes? What is “double taxation”? How are C corporations taxed?

corporation tax 52

corporation tax Tax income tax Non-Profits 52

Acterys

MARCH 28, 2022

The purpose of any forecast is to provide the closest possible snapshot of the future for business teams to plan and budget their activities. This approach enables businesses to project their future performance more accurately by adjusting the forecasts based on the fluctuating internal or external conditions as they emerge.

accounting and finance 130

accounting and finance Finance Government Start-ups 130

Acterys

FEBRUARY 3, 2023

Inventory planning is crucial for businesses because a successful plan allows them to meet customer demand while remaining profitable. On the other hand, effective inventory planning can help businesses to reduce costs, improve customer satisfaction, and increase profitability. Each of these is discussed below: a.

Manufacturing 130

Manufacturing Sales Start-ups Retail 130

ThomsonReuters

MAY 11, 2023

Small and mid-sized accounting firms are increasingly grappling with the need to do more with less, often putting staff at risk of burnout and weighing down productivity. But what if you could boost your firm’s efficiency and morale at the same time?

Technology 52

Technology payroll tax accounts payable accounting firms 52

ThomsonReuters

MARCH 19, 2024

What if a sales tax audit needs to be appealed? What happens after the audit, win or lose Sales tax audits may be an unfortunate fact of corporate life, but not all audits are the same. Other business factors: Would losing jeopardize some other area of the business? How should you prepare for an audit defense?

audit 52

audit Sales Tax auditor 52