ThomsonReuters

FEBRUARY 2, 2022

the potential market available to tax and accounting firms is massive. How to market tax and accounting services. People search online for products and services, including accounting services. A better approach is to build a reputation as an accounting expert. With more than 144.3 Establish your expertise.

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

MARCH 3, 2022

Given the financial impact of COVID-19 on our health plan, can we require employees going forward to show proof of COVID-19 vaccination as a condition of eligibility? spouses of full-time employees vs. spouses of part-time employees) or their relationship to the participant (e.g., an employee’s spouse vs. dependent children).

Hospitality 105

Hospitality Tax Account accountant 105

ThomsonReuters

DECEMBER 11, 2023

Accounting for tax equity investments Implementing ASU 2023-02 Accounting professionals with equity investor clients who are involved with projects to receive income tax credits and other income tax benefits need to have a clear understanding of the proportional amortization method (PAM), especially in light of recent changes.

income tax 52

income tax accounting standards Non-Profits accounting and finance 52

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.

accrual accounting 52

accrual accounting Account accountant accounted 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.

NetSuite 59

NetSuite accounting software quickbooks Account 59

Ronika Khanna CPA,CA

JUNE 30, 2023

As an accountant and small business financial consultant, one of the most common areas of confusion and questions by small business corporation owners revolves around how to pay themselves and if one way is preferable to another. These amounts are reported as employment income on your personal tax return.

tax return 52

tax return Non-Profits income tax Tax 52

Snyder

NOVEMBER 17, 2022

Accountancy firmly belongs to the financial sector but it also shares a lot of key features with the service industry. No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. So let’s begin our journey to the land of accountancy! Small business owners.

Account 52

Account accountant accounted bookkeeping 52

ThomsonReuters

MARCH 1, 2024

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? How a corporate tax software can help filing S corporation taxes Setting up your business as an S corporation (S corp) provides several tax advantages that are not available to owners of C corporations (C corp) or Limited Liability Companies (LLCs).

corporation tax 52

corporation tax Tax tax return income tax 52

xendoo

JULY 26, 2021

In order to save their time and sanity, many partner with an online bookkeeping and accounting team. How do you choose the right financial partner for your business? Both provide quality bookkeeping and tax services, but there are some key differences in features that may tip the scale for you: . Accounting software .

bookkeeping services 72

bookkeeping services bookkeeping quickbooks accounting software 72

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. Fees and taxes with Etsy. How is tax paid with an Etsy seller account. Listing fees. Transaction fees.

E-commerce 98

E-commerce accounting and finance Tax Sales 98

xendoo

AUGUST 30, 2021

Bookkeeping is critical to the financial health of every business, but business owners rarely have the time (or desire) to manage it themselves. To take their time back, many business owners choose to outsource their bookkeeping and accounting. So, how do you choose the right financial partner for your business?

bookkeeping services 91

bookkeeping services bookkeeping quickbooks accounting software 91

inDinero Accounting

FEBRUARY 28, 2022

When it comes to cash vs. accrual accounting, any financial advisor will tell you that accrual is the way to go. While cash accounting may be easier, accrual accounting gives you a better picture of your business’s operations and financial position. Your accounting method will affect several things.

accrual accounting 52

accrual accounting Account accountant accounted 52

Ronika Khanna CPA,CA

NOVEMBER 17, 2023

Upwork or Fiverr Short term accommodations e.g. Airbnb Task based platforms e.g. taskrabbit or pet sitting services E-commere selling e.g. ebay, Amazon and affiliate programs Writing/Blogging which generates revenue either by selling articles to publications or via ads on their website Virtual assistants, online surveys, tutoring etc.

Tax 52

Tax E-commerce audit income tax 52

ThomsonReuters

JANUARY 26, 2023

He leads the firm’s Contingent Workforce Practice Team and runs the blog, WhoIsMyEmployee.com , which addresses issues of independent contractor misclassification and joint employment. Lebowitz explained that a DOL determination would have “no direct impact on tax withholding.”

Legal 59

Legal Tax California New Jersey 59

ThomsonReuters

SEPTEMBER 7, 2023

When does a dependent have to file their own taxes? Helping clients with claiming dependents Tax software for claiming dependents on taxes From an accountant’s perspective, helping your clients navigate the various aspects of claiming dependents on taxes can be complicated.

Tax 52

Tax income tax tax return tax preparation 52

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. Why do I need them?

bookkeeping 52

bookkeeping Account accountant accounted 52

Ronika Khanna CPA,CA

SEPTEMBER 1, 2023

As an accountant and financial consultant , I am often presented with the task of organizing and analysing data into a format that allows for greater insight into my clients businesses. You can refer to my article on whether you should use a spreadsheet or accounting software. See below for more details.

accounting software 65

accounting software accounting and finance tax return Start-ups 65

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

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

audit auditor Account accountant 59

LyfeAccounting

OCTOBER 19, 2020

In today’s post, I am going to explain a pretty confusing concept in accounting and business. A concept that a lot of entrepreneurs and even accountants have trouble wrapping their heads around. And that is the difference between cash vs accrual accounting. The answer had everything to do with cash vs accrual accounting.

accrual accounting 52

accrual accounting Account accountant accounted 52

ThomsonReuters

SEPTEMBER 8, 2023

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. Which is better, a C corp or S corp or LLC?

income tax 75

income tax Tax Legal tax return 75

ThomsonReuters

SEPTEMBER 7, 2023

Jump to: Child and dependent care credit FAQs What is kiddie tax? What is the adoption tax credit? Claiming children on taxes Choosing the best tax preparation software As all working parents know, the cost of child and dependent care can be a significant financial burden.

Tax 52

Tax income tax tax preparation tax return 52

ThomsonReuters

MARCH 28, 2023

Compliance may not be the most glamorous task facing indirect tax (IDT) teams, but the rapid pace of change in global regulations and reporting requirements is turning the humble compliance function into a rapid-fire gauntlet of continuous challenges. PEPPOL), which can raise compatibility issues.

Tax 59

Tax Technology corporation tax Government 59

Acterys

FEBRUARY 22, 2023

To deal with economic and market turbulence, businesses must create well-rounded financial plans and monitor business performance against targets regularly. FP&A teams play a key role in ensuring the financial stability of a business. Here are some examples of financial statements: 1.

financial statements 130

financial statements accounting and finance Sales Finance 130

ThomsonReuters

OCTOBER 5, 2023

Jump to: What is amortization in accounting? How to calculate amortization Amortization vs. depreciation Managing amortization of assets Companies have a lot of assets. Some assets will fall under amortization accounting. What is amortization in accounting? What are the different amortization methods?

Account 52

Account accountant accounted Expense Amortization 52

inDinero Tax Tips

MARCH 22, 2022

Making financial decisions can be difficult. That’s why it’s important to have a financial decision making checklist. In this blog post, we will discuss what should be on your financial decision making checklist and why it is important to have one! Why You Should Have a Financial Decision Making Checklist.

tax preparation 52

tax preparation accounting and finance bookkeeping Tax 52

Snyder

NOVEMBER 10, 2022

The biggest tax season challenge for a small business is tax preparation and filing. 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 preparation 52

tax preparation Tax tax return accounting software 52

LyfeAccounting

JANUARY 12, 2021

They fail because of financial mismanagement. 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. Well for one, your tax accountant will need to see your income and expenses for just the business to file those taxes.

bookkeeping 52

bookkeeping accounting and finance accounting software Finance 52

SchoolofBookkeeping

FEBRUARY 2, 2024

Advanced Inventory Tracking inventory Using QuickBooks Online For years the outcry from the accounting community has been “QBO doesn’t track inventory” and when QBO was first unveiled (circa 2000), that was 100% accurate. It’s a Pandora’s box that deserves a blog of its own, but needs to be mentioned.

quickbooks 52

quickbooks E-commerce Manufacturing Approval Workflows 52

ThomsonReuters

MAY 6, 2021

It’s been well reported in cryptocurrency circles that Damon Rowe, Executive Director at the IRS Office of Fraud Enforcement, unveiled “Operation Hidden Treasure” at a recent Federal Bar Association virtual tax conference. Their focus is on taxpayers who omit cryptocurrency income from their tax returns.

cpas 59

cpas tax return audit Tax 59

ThomsonReuters

APRIL 6, 2023

Accounts payable and accounts receivable are opposite but interconnected procedures. Together, they comprise the very basics of business and can be used to gauge financial health. When accounts payable and accounts receivable are in balance, a business can plan ahead for growth.

accounts payable 52

accounts payable Account accountant accounted 52

ThomsonReuters

OCTOBER 12, 2023

Tax implications for owning property abroad What is FATCA? Helping clients with foreign income tax forms For U.S. To support this effort, forward-thinking accounting firms are increasingly using tax preparation software and scan-and-populate solutions to tackle the challenges of foreign income reporting. What is FEIE?

Tax 40

Tax tax return income tax Real Estate 40

Snyder

MAY 24, 2022

That means hiring a knowledgeable staff that can assist with accounting tasks. The good news is that there are several accounting processes you can do yourself. Let’s take a look at the areas of accounting you can do on your own and the best ways to do them. 3 ways to account for inventory costs in retail accounting.

Retail 52

Retail Account accountant accounted 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. So today in this post, we’re going to discuss 1099 vs W2 and which one may be better for your business.

payroll tax 52

payroll tax Tax Legal payroll 52

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

inDinero Tax Tips

MARCH 22, 2022

Credit: Adeolu Eletu Making financial decisions can be difficult. That’s why it’s important to have a financial decision making checklist. In this blog post, we will discuss what should be on your financial decision making checklist and why it is important to have one! But it should also be somewhat short.

tax preparation 40

tax preparation accounting and finance bookkeeping Tax 40

inDinero Tax Tips

NOVEMBER 15, 2021

Claiming deductions can save your company thousands of dollars in income taxes. If the thought of filing your taxes is enough to make you sweat, you’re not alone. . The IRS announced a plan to increase audits for small businesses by 50% for the 2020 tax year. Check out these blogs: Year-End, Capital Gains Tax and Iffy Choices.

Tax 52

Tax income tax Legal Entertainment 52