LyfeAccounting

NOVEMBER 13, 2020

Regardless of what happens to that 20 dollars next, these transactions have started bookkeeping and accounting processes. But a lot of people are still confused when it comes to bookkeeping vs accounting. At LYFE Accounting, we’ve helped companies with their bookkeeping and accounting processes.

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bookkeeping Account accountant accounted 52

Mark Lee

OCTOBER 31, 2023

The loyalty of current clients Here’s the truth (for most clients of most accountants): Whatever new developments, new opportunities, new tech, new laws or other changes come about in the next few years, very few of your current clients are going to leave you for another accountant. Maybe they wanted tax advice too.

tax return 92

tax return bookkeeping bookkeeping software accounting and finance 92

LyfeAccounting

JANUARY 12, 2021

?. Today, I will be giving you bookkeeping tips to help you better organize your companies’ finances. If you’re a new business owner or even if you already have a business up and running and want to improve the bookkeeping of your business, then this post is for you! And at the end of the day, accounting is the language of business.

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bookkeeping accounting and finance accounting software Finance 52

inDinero Accounting

DECEMBER 13, 2021

One of the most critical aspects of running your own business is accounting. Unfortunately, not every business owner has the energy or knowledge to decide between cash vs. accrual or NetSuite vs. Quickbooks. That’s why 71% of businesses rely on outsourced accounting to help them track their financial data.

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NetSuite accounting software quickbooks Account 59

ThomsonReuters

DECEMBER 20, 2020

Sales tax vs. VAT overview. VAT collection is required under the following circumstances: Permanent establishment – Existence of a facility, bookkeeping facilities, or ability to enter contracts. If so, we encourage you to explore our blog for more indirect tax insights: “ Does Your Company Have a Multistate Sales Tax Obligation? ”.

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Sales South Dakota Tax corporation tax 119

Mark Lee

MAY 10, 2023

None of these qualities are about efficiency vs inefficiency, nor about old-style vs new-style and it’s certainly not about qualified vs unqualified. I love getting feedback on my posts – even from accountants who disagree with my take on things. This personal list simply reflects my experience and views.

Account 52

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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. Look, I get it.

accounting basics 52

accounting basics CPA Account accountant 52

inDinero Tax Tips

MARCH 22, 2022

In this blog post, we will discuss what should be on your financial decision making checklist and why it is important to have one! Let’s look at what should be included on your checklist: Short term goals vs long term plans – This is one of the most important distinctions to make when it comes to financial decision making.

tax preparation 52

tax preparation accounting and finance bookkeeping Tax 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. So today in this post, we’re going to discuss 1099 vs W2 and which one may be better for your business. Ok let’s move on to section 2 of this post which is to determine the difference between 1099 vs W2 workers.

payroll tax 52

payroll tax Tax Legal payroll 52

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. What does an audit accountant do?

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audit auditor Account accountant 59

LyfeAccounting

NOVEMBER 9, 2020

It is not meant to take the place of legal and accounting advice specific to your business. For example, if you have a business bank account, you can sync your financial information with a bookkeeping platform like QuickBooks, for example. GENERALLY, there is no difference in tax write-offs for LLCs vs another entity type.

Tax 52

Tax CPA tax return accounting and finance 52

inDinero Tax Tips

MARCH 22, 2022

In this blog post, we will discuss what should be on your financial decision making checklist and why it is important to have one! Let’s look at what should be included on your checklist: Short term goals vs long term plans – This is one of the most important distinctions to make when it comes to financial decision making.

tax preparation 40

tax preparation accounting and finance bookkeeping Tax 40

Snyder

NOVEMBER 10, 2022

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. Tax filing software vs. tax preparation software. Accounting management. Contents: 1. Accessibility.

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tax preparation Tax tax return accounting software 52

LyfeAccounting

SEPTEMBER 15, 2020

Think of a bank transfer from your business bank account, to your personal bank account. The real question we’re trying to answer here is – how much should you be paid in owner draws vs. w-2 wages? Owner’s Draw vs. Owner’s Salary for Small Business Owners. What is an Owner’s Draw?

Tax 52

Tax accounting and finance tax planning CPA 52

LyfeAccounting

OCTOBER 20, 2020

This client was extremely good at what she does, but she had a hard time making decisions around office location and rent, hiring employees vs contractors, incentive plans for her employees, and deciding to keep certain expenses on her Profit & Loss. To fully understand why, let’s look at the difference between a Bookkeeper and a CFO.

accounting and finance 52

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LyfeAccounting

OCTOBER 20, 2020

This client was extremely good at what she does, but she had a hard time making decisions around office location and rent, hiring employees vs contractors, incentive plans for her employees, and deciding to keep certain expenses on her Profit & Loss. To fully understand why, let’s look at the difference between a Bookkeeper and a CFO.

accounting and finance 52

accounting and finance financial statements bookkeeping cpas 52

Ryan Lazanis

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? Great news, because this step-by-step guide will cover the critical 7 steps you’ll need to follow to set up a modern bookkeeping practice and to land your first clients. Marketing your bookkeeping services to find new clients.

bookkeeping 98

bookkeeping bookkeeping services accounting firms Technology 98

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?

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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. Accountants’ specialized knowledge can support your startup business in many ways. Table of Contents. Getting into legal troubles.

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ThomsonReuters

FEBRUARY 21, 2023

To help firms achieve greater growth and profitability , we will explore five ways accounting professionals can think like a marketer. Or perhaps your firm strives to be proactive vs. reactive in serving clients offering quarterly check-in meetings, etc. For instance, having a specialty or serving a specific niche (i.e.,

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Snyder

NOVEMBER 27, 2022

Shopify’s help section has step-by-step instructions on how to add blog posts, and the interface is user-friendly. You can also try making a personal, non-business, social media account, visiting a similar online store to yours, and seeing what targeted ads you get shown. Do you have a Facebook group where you can reach out to them?

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E-commerce Non-Profits Technology Sales 98

LyfeAccounting

JUNE 21, 2021

Turo vs Airbnb. So that means, you need to maintain bookkeeping of your business revenues. The post Top Tax Write-offs for Turo Rental Car Company appeared first on Small Business Accounting & Finance Blog. So basically Turo is like the Airbnb of cars. If you made less than $20,000 then you may not receive a 1099K.

Tax 52

Tax Real Estate bookkeeping small business accounting 52

LyfeAccounting

NOVEMBER 3, 2020

Also, small disclaimer, the information I’m providing in this post is for informational purposes only and is not meant to take the place of legal and accounting advice. If you want specific accounting advice, then please contact your attorney or CPA. To learn more about this, then watch our video on “LLCs vs. S-Corps”.

Tax 52

Tax tax return business tax accounting and finance 52

LyfeAccounting

AUGUST 10, 2021

By the way, speaking of stock and real estate, we have another post that discusses which is the better investment – stocks vs real estate investing. While for our accounting firm, it might be technology and software. Surely, we couldn’t deduct car tools for our accounting business. Be sure to read that next.

Real Estate 52

Real Estate Tax tax return tax preparation 52

Ryan Lazanis

APRIL 10, 2022

In this guide, I’m going to outline what the future of accounting looks like for accounting firms and how to best prepare for it in 2022. So if you’re looking to improve your firm in 2022 and keep yourself on the cutting edge of accounting, you’ll love this new guide. Future of Accounting Table of Contents.

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Account accountant accounted Technology 111

LyfeAccounting

DECEMBER 28, 2020

Yes, even many accountants I know aren’t aware of the tax incentives that small and large businesses are taking advantage of to DRAMATICALLY reduce their tax liability. It is not meant to take the place of legal and accounting advice specific to your business. Business Tax Credits vs Tax Deductions. Quick Recap.

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business tax Tax tax return Government 52