Xero

JUNE 8, 2023

So if you’re looking to do the same (and tackle tax time while you’re at it), below are a few simple tips to consider ahead of the ‘23 year-end. Hire a tax pro to save yourself time and money Every small business owner needs a helping hand at tax time – especially retailers – who are notorious for wearing many hats.

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LyfeAccounting

DECEMBER 31, 2020

Paying yourself and employees? Or have plans on doing so? For the purposes of filing and paying employer payroll taxes, I’d highly recommend using a payroll software like QuickBooks or Gusto. These programs completely automate the process of calculating and filing your payroll taxes. ?. So you have a business?

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payroll tax payroll Tax tax return 52

Xero

SEPTEMBER 27, 2023

However, getting access to training for yourself or your staff can be a challenge. Invoicing, paying bills, reconciling transactions, or running payroll are but a few that spring to mind. Running a small business often means you and/or your team need to wear a few different hats to get things done.

payroll 75

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ThomsonReuters

SEPTEMBER 22, 2023

used in the hiring process under Title VII of the Civil Rights Act of 1964 (see Payroll Guide ¶20,450 ). used in the hiring process under Title VII of the Civil Rights Act of 1964 (see Payroll Guide ¶20,450 ). Recently, Checkpoint Payroll Update spoke with John L. How would you first advise a client thinking of using an A.I.

Legal 52

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ThomsonReuters

JANUARY 4, 2024

Make a personal stress inventory Managing stress as an accountant begins with understanding what’s triggering it and how stress levels ebb and flow on a daily, weekly, monthly, or yearly basis. For example, ask yourself if any of these scenarios sound familiar. Jump to: 1. Make a personal stress inventory 2. Extended hours.

Tax 71

Tax Technology payroll tax accounting careers 71

xendoo

AUGUST 24, 2021

Payroll , however, is most likely not their passion. Yet, every business owner faces the unique challenge of figuring out how to pay themselves. Paying yourself as a sole proprietor can feel daunting. Paying yourself as a sole proprietor can feel daunting. How much do you pay yourself? Where to Begin?

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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. Do dividends result in double taxation? No, dividends do not result in double taxation.

tax return 52

tax return Non-Profits income tax Tax 52

ThomsonReuters

JANUARY 28, 2022

Figuring out how to stabilize revenue throughout the year can help you reduce overall stress and improve income potential. Tax accountants who only earn an income part of the year have to figure out how to stretch that income through the lean months. Why revenue stability is important for small and mid-sized tax and accounting firms.

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Cheap Accounting

MARCH 28, 2022

It’s that time of the year when I update our annual blog advising those operating via a Limited Company on how to extract money from their business to pay themselves. This year the blog is different. I am not going to be setting out what you should pay yourself in a salary and how much tax you’ll pay on this and your dividends.

payroll 40

payroll Tax corporation tax tax planning 40

Xero

JULY 3, 2022

We found that many of you are keen to understand how we – as advisors – can help you set up for a strong FY23. We found that many of you are keen to understand how we – as advisors – can help you set up for a strong FY23. How often should I see my advisor at tax time? . How do I know if I’ll end with a tax bill or a tax refund?

business tax 110

business tax Tax bookkeeping accounting and finance 110

LyfeAccounting

JUNE 11, 2021

How to pay yourself in an S-Corporation? According to the IRS, you need to pay yourself a reasonable salary. And shouldn’t you want to pay yourself the highest salary possible? Well, it’s a thing because by paying yourself a very low salary in an S-Corporation, you are effectively lowering the amount of taxes you pay.

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Shay CPA

JANUARY 17, 2024

It can all feel overwhelming, but laying out your to-dos helps to simplify things. If you do the things on this list by the applicable dates, you should be in good shape to navigate this tax season with relative ease. The beginning of a new calendar year means every business owner needs to put some thought into tax filings.

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Xero

JULY 18, 2022

What do we mean by digitalisation? We believe that we will see a fundamental shift in how practices are run over the next 18 months, with those embracing digitalisation having a strong advantage over those that don’t. . Accounting has always been a careful balance of calculations and consulting. More authentic interaction with clients.

bookkeeping 84

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ThomsonReuters

MAY 4, 2023

Not only that, but investing in quality payroll solutions can save businesses time, money, and resources. How do you know you are lacking in client scope? How do you know you are lacking in client scope? How do you define a successful scope agreement?

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cpa firm CPA cpas payroll 96

LyfeAccounting

JUNE 4, 2021

Today’s post is all about how to pay yourself as an LLC. Here at LYFE Accounting, not only do we help people pay themselves correctly as an LLC… …but we’ve also started one of the fastest-growing LLCs according to Inc Magazine and the financial times in 2021. How to Pay Yourself as an LLC.

CPA 52

CPA income tax Tax accounting and finance 52

Ryan Lazanis

SEPTEMBER 1, 2023

Each item in the list will contain a brief description and will focus on how you can level up your accounting automation. 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. Ready to dive in?

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Nancy McClelland, LLC

AUGUST 21, 2023

It’s a combination of legislation that requires most employers to offer a retirement plan to their employees — and a system that fills the gap for employers who do not currently offer retirement savings via payroll deductions. Why Is Illinois Making Small Business Owners Do This? What Is Illinois Secure Choice?

Illinois 52

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Nancy McClelland, LLC

AUGUST 21, 2023

It’s a combination of legislation that requires most employers to offer a retirement plan to their employees — and a system that fills the gap for employers who do not currently offer retirement savings via payroll deductions. Why Is Illinois Making Small Business Owners Do This? What Is Illinois Secure Choice?

Illinois 52

Illinois Non-Profits payroll Start-ups 52

ThomsonReuters

JUNE 16, 2023

That is a question many accounting firms should consider as they look to remain competitive, better serve clients, and expand bandwidth in today’s challenging environment. Advancements in technology continue to have a significant impact on how accounting professionals work and serve their clients. Does your technology lack scalability?

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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

ThomsonReuters

DECEMBER 20, 2021

Now that tax season is approaching, you may find yourself contemplating the upcoming season and whether you’d be happier as the owner of your own accounting firm. But where do you begin? . There are many great resources out there on how to start an accounting firm. Determine your roadmap. Choose the right technology.

accounting firms 52

accounting firms Account accountant accounted 52

LyfeAccounting

JULY 28, 2021

And that is by hiring them in your business and placing them on the payroll. But there are rules and a proper way to do it. Today, we’re excited to show you how to hire your kids and put them on the payroll. Do you understand now why this is such a valuable tax strategy? It makes very little sense to do this.

Tax 52

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ThomsonReuters

JULY 6, 2023

From financial planner to investment banker to business analyst, there are many roles to consider if you find yourself looking for something new. But where do you start? However, many forward-looking accountants are making a simple change that is reigniting their passion for the profession. What career can an accountant switch to?

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SchoolofBookkeeping

NOVEMBER 19, 2021

Let’s say you have a prospect call and ask “how much would you charge to get my books caught up for the year?” Do they write a handful of checks a month, or is it a large amount? Do they need to track job costing, payroll or sales tax? Will you have enough staff or time to do the project?

quickbooks 52

quickbooks payroll Start-ups Tax 52

ThomsonReuters

MAY 4, 2023

Not only that, but investing in quality payroll solutions can save businesses time, money, and resources. How do you know you are lacking in client scope? How do you know you are lacking in client scope? How do you define a successful scope agreement?

cpa firm 59

cpa firm CPA cpas payroll 59

Ryan Lazanis

SEPTEMBER 19, 2023

Table of Contents The Do’s and Don’ts of Accounting Website Design The Top 43 Examples of Accounting Websites The Do’s and Dont’s of Accounting Website Design To give you an idea of how to make your accounting practice more appealing to prospective clients, I listed down some practices you should consider and avoid.

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ThomsonReuters

AUGUST 3, 2021

However, you can give yourself a boost of self-assuredness with these five keys to growing your business confidence. From payroll to bookkeeping to tax questions, I realized that there was so much need for the knowledge and experience I had gained,” says Angie. Be honest with yourself. Know your value. Make connections.

CPA 52

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Snyder

NOVEMBER 17, 2022

No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. Are accounting blogs only for accountants? What’s a great accounting blog?

Account 52

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LyfeAccounting

FEBRUARY 4, 2021

And you can choose which period to use and match it up with your payroll which is called the alternative covered period. Over the course of 2020, the rules related to PPP forgiveness application have changed. Some revisions have made the process easier for businesses with smaller loan amounts. For loans of $150,000 or less.

payroll 52

payroll Tax small business accounting accounting and finance 52

ThomsonReuters

JULY 6, 2023

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? In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements.

Account 88

Account accountant accounted tax return 88

LyfeAccounting

NOVEMBER 10, 2020

How to Increase Profit in Your Business? The very first thing that you need to do in order to increase your profit is bookkeeping. How is that gonna help me increase my profit?” Well, how are you supposed to increase your profit if you don’t know where you stand today? You can do this by creating and following a budget.

bookkeeping 52

bookkeeping accounting and finance payroll tax Start-ups 52

inDinero Accounting

APRIL 28, 2021

You’ve got a going concern, and yet, you find yourself back at the drawing board with your business budget. Do not worry. You may be wondering, how do fractional accountants make budgeting look so easy? Know Your Business Budget Better Than You Know Yourself. Q1: How often should you be reviewing your budget?

accounting software 59

accounting software accounts payable Account accountant 59

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. Jump to: What are the main types of business ownership?

income tax 75

income tax Tax Legal tax return 75

Ryan Lazanis

FEBRUARY 3, 2023

When I launched my accounting firm in 2013, I had no clue how to acquire new clients. 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.

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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. If you do have business income, then you are required to declare your business income on a tax return. As an unincorporated small business owner, this business income is reflected on a separate schedule on your personal tax return.

Tax 52

Tax tax return business tax accounting and finance 52

LyfeAccounting

NOVEMBER 2, 2020

Now I know a lot of guys out there, especially when you’re in the early stages of starting up, are wondering how to bring on their first employees. Because if we’re being honest, your payroll is the number one reason why people would even consider working with you. So i just want to take a moment to congratulate you.

payroll tax 52

payroll tax Tax Legal payroll 52

LyfeAccounting

APRIL 22, 2021

But how do they do it? In this post, we’ll be uncovering how Amazon was able to completely write off taxes. But more importantly, how you can learn from Amazon and do the exact same thing. How to Write Off Taxes Like Amazon. Here’s how. It’s not as complicated as you might think.

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