Shay CPA

FEBRUARY 14, 2024

Or you might be feeling stressed because you don’t know what to expect. Now, per amendments to Section 174 of the Internal Revenue Code, you have to amortize the deduction over five years if you’re based in the U.S. Dial in Your Accounting System You don’t need to sink a ton of hours into your accounting.

Technology 52

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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

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ThomsonReuters

JULY 25, 2023

Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be. And even if the project gets approved, cross-departmental discussions and support – from accounts payable, procurement, finance, IT, etc. –

Technology 93

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DuctTapeMarketing

JULY 31, 2018

How Cloud-Based Accounting Software Can Benefit Your Business. How Cloud-Based Accounting Software Can Benefit Your Business. One area that business owners know is important is accounting and bookkeeping, although it’s often the last area they want to spend time on. About Company. 0 Comments.

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MineralTree

OCTOBER 26, 2023

Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). In this blog post, we’ll dive into the transformative world of AP technology to explore its role in modern financial operations and how it can help businesses save time and money.

AP Automation 76

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Xero

MARCH 18, 2024

What is Basis Period Reform and who’s affected? The measure impacts sole trader and partnership clients who use their own accounting year for Income Tax reporting. Some of your clients might decide to change their accounting date, in order to simplify Income Tax reporting. What are the two phases of Basis Period Reform?

income tax 69

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Snyder

OCTOBER 27, 2022

This blog will teach you how to receive payments on Etsy , both including and apart from PayPal. This blog is a part of a series dedicated to the most popular e-commerce marketplaces’ payment solutions. What is Integrated PayPal? What is Standalone PayPal? What are Etsy Payments and how do they work? Listing fees.

E-commerce 98

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ThomsonReuters

FEBRUARY 1, 2024

Jump to: What are the GAAP accounting rules? What are the main principles of the GAAP framework? What are the key differences between GAAP and IFRS? What are the GAAP rules for capitalization of costs? What are the main consolidation models under GAAP? So, what are the GAAP accounting rules?

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ThomsonReuters

AUGUST 25, 2023

Jump to: What is book depreciation? What is tax depreciation? What are the differences between book and tax depreciation? What is accelerated depreciation? What is book-to-tax reconciliation? Managing book and tax depreciation with software Depreciation. What is book depreciation?

Tax 52

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ThomsonReuters

OCTOBER 31, 2023

Jump to: How is AI affecting accounting? Is AI replacing accounting jobs? What is AI automating in accounting? Can AI do accounting? How to use AI to innovate Artificial intelligence (AI) is making its presence felt across many industries—and the accounting profession is no exception.

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Acterys

FEBRUARY 22, 2023

In this blog, we look at three main reporting types that FP&A teams must use to monitor the financial health and performance of a business. FP&A teams are responsible for creating financial statements at the end of the accounting cycle. Here are some examples of financial statements: 1.

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Xero

OCTOBER 25, 2022

The team at EOG Accounting , a solely Xero practice based in North Wales, understands the need to meet business targets, but also to make a positive impact whenever possible. . We speak with Rhys Edwards, founder of EOG Accounting, to learn more. . Which is to try to do some good on this planet before we leave it. .

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ThomsonReuters

OCTOBER 31, 2023

Jump to: What is depletion expense? What is depletion expense? In accounting, the depletion deduction enables an owner or operator to account for the reduction of the mineral property’s value or basis as a result of the extraction of those natural resources. Who can claim depletion expenses?

Tax 59

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Xero

MARCH 5, 2023

It’s no surprise, then, that a local firm like Faber LLP has embraced digital transformation in the accounting industry. Online Accountant LLP, their cloud-based accounting firm, is a testament to their commitment to innovation and adaptability in a rapidly evolving business environment.

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ThomsonReuters

NOVEMBER 15, 2023

What to know about Section 501 What is Form 990? How to file taxes for nonprofits What are the 501(c)(3) reporting requirements? Charity tax exemptions are granted based on the organization’s compliance with specific regulations and its designation under Section 501(c) of the Internal Revenue Code.

Tax 52

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ThomsonReuters

APRIL 6, 2023

Accounts payable and accounts receivable are opposite but interconnected procedures. When accounts payable and accounts receivable are in balance, a business can plan ahead for growth. For business owners, a working knowledge of both accounts payable and accounts receivable is necessary to sustain business operations.

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ThomsonReuters

JANUARY 12, 2023

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . With advanced technology shifting the way accountants work, many are looking to expand into specialized services that can give them a leg up on the competition. Financial statements (i.e.,

audit 59

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Xero

NOVEMBER 2, 2022

We know it’s not enough to just create really #beautiful accounting software – we also need to teach you to use it. You can also find guides on Getting your invoices paid faster , Staying on top of your cash flow , Reconcile bank accounts easily in Xero and Creating professional invoices with ease , with more topics to come. .

Education 94

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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? but there are several common hurdles that often run industry wide.

Account 52

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Acterys

FEBRUARY 7, 2023

No matter what your business looks like at present, it is essential to establish a successful inventory plan and management strategy to ensure the success of your business. Developing an effective inventory plan is crucial since it helps to enhance customer satisfaction, increase profitability, reduce costs, and improve cash flow.

Maine 130

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xendoo

DECEMBER 15, 2021

Catch up bookkeeping accelerates business growth by increasing financial visibility, which enables business owners to make decisions based on accurate information and remain tax-compliant throughout the year! In this blog post, we are exploring the top 5 benefits of catch up bookkeeping ! . Reliability in Your Opening Balance.

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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 are the best products to sell online? What is a dropshipping business? What is a dropshipping business? More and more people are shopping online.

E-commerce 98

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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. DON’T OVER- OR UNDER-HIRE.

accrual accounting 52

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inDinero Accounting

APRIL 28, 2021

Business budgeting is a critical skill that inDinero’s outsource accounting team can take off your plate today. You may be wondering, how do fractional accountants make budgeting look so easy? Business creators are “where to” people and on the flipside are accountants who are “how-to” technicians. Do not worry.

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ThomsonReuters

OCTOBER 5, 2023

Jump to: What is amortization in accounting? What are the different amortization methods? Some assets will fall under amortization accounting. What is amortization in accounting? What are intangible assets? Amortization is a non-cash expense. Is amortization a liability or expense?

Account 52

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Snyder

MAY 27, 2022

When starting a business, all the paperwork and accounting may seem daunting. You have to analyze every step and decision you’ve made to plan where you want to be in the future and what you need to do right now. No matter how large or small your business is, managerial accounting will help you gain profit. Contents: 1.

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Xero

SEPTEMBER 20, 2023

The judges represent small businesses, accountants and bookkeepers and Xero’s global partners. We spoke to the global judges to share more about why they were inspired to become a judge and to learn more about what they are most looking forward to seeing as part of this year’s entries.

small business accounting 100

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DuctTapeMarketing

JUNE 27, 2014

Can Accounting Reports Really Be Beautiful? Can Accounting Reports Really Be Beautiful? As a small business owner, what is more rewarding than focusing on the area of your business that you are most passionate about? What about controlling cash flow or understanding which products generate the most profit?

Account 100

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Ryan Lazanis

NOVEMBER 17, 2022

Every accounting firm owner knows that customer relationship management (CRM) is essential to success. Fortunately, there’s a lot of excellent software available right now that will help you stay on top of your game. We’ll go over what each tool offers and some of its pros and cons. What is a CRM for Accountants?

Account 52

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LyfeAccounting

OCTOBER 14, 2020

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. Let’s get started by answering this question first- what is bookkeeping? How can you grow your business?

bookkeeping 52

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Xero

FEBRUARY 15, 2023

For small businesses, though, it’s still tricky to see what these capabilities actually look like. And while not all of the problems small businesses face can be solved with technology, the ones dominated by slow, paper-based and often cloudy processes are rife for rethinking. billion in 2022 to $46.6

Technology 83

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LyfeAccounting

JANUARY 12, 2021

This is really not a surprise to me because most business owners are not CPAs or accountants. This is really not a surprise to me because most business owners are not CPAs or accountants. And at the end of the day, accounting is the language of business. Helps you in organizing your accounting records. BUT not only that.

bookkeeping 52

bookkeeping accounting and finance accounting software Finance 52

Ryan Lazanis

FEBRUARY 3, 2023

If you’re looking for tried, tested, and true tactics to help you generate more accounting leads for your firm, you’re in the right place. Read on to access 21 actionable methods that you can implement to help increase your client base. When I launched my accounting firm in 2013, I had no clue how to acquire new clients.

Account 52

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ThomsonReuters

FEBRUARY 15, 2023

Accountants who help clients effectively manage property taxes can further strengthen their role as a trusted advisor. Table of contents: What is property tax? Property tax software What is property tax? As of 2019, 43 states included TPP in their property tax base. What is a business personal property tax?

Tax 52

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Snyder

JUNE 9, 2022

Read about what income tax filing method to choose, where to get the latest tax information, how to keep up with deadlines, and more. What is income tax? What is income tax? Your tax rate (the % of your income that you pay in taxes) is based on which income tax bracket (income range) you’re in. Contents: 1.

income tax 52

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Snyder

JUNE 3, 2022

You may come across information about 3 types of cloud computing services: IaaS (Infrastructure-as-a-service) PaaS (Platform-as-a-service) SaaS (Software-as-a-service). What is SaaS business model? The term “ SaaS ” (Software-as-a-service) means distributing cloud-based and centrally hosted software to users on a subscription basis.

Maine 52

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ThomsonReuters

DECEMBER 7, 2022

What is an FTZ? As attractive as these benefits are, however, they only scratch the surface of what’s possible with an FTZ. For example, not having to pay duties upfront means having more cash on hand compared to competitors operating outside of an FTZ. market helps preserve cash flow. Customs territory. Better security.

Manufacturing 52

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