Xero

APRIL 11, 2023

Capture bills, receipts and invoices with a snap The Hubdoc mobile app is the perfect way for small businesses to upload bills, receipts and invoices with a quick photo, and share them with their advisor. If you’re an accountant or bookkeeper, it can save you time chasing documents and manually entering data.

bookkeeping 98

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Xero

JULY 11, 2022

Today, we’re excited to share that we’ve hit a significant milestone on that project when it comes to reporting in Xero. These include the Budget Manager, Business Performance Dashboard, Payroll, Tax, and GST Reconciliation reports. a product tour in the new Profit and Loss and Balance Sheet reports.

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Ronika Khanna CPA,CA

JUNE 30, 2023

I have addressed some of them in my blog posts on the factors to consider when choosing salary or dividends and the types of ways to structure your remuneration. There are however specific questions that common up frequently: What is the difference between a salary and dividend? What are the reporting requirements for salary?

tax return 52

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Cheap Accounting

AUGUST 31, 2023

Ownership of a limited company is by way of shares allocated to and purchased by shareholders. What taxes will I pay? Entering the world of self employment and being your own boss is extremely exciting. The one downside is dealing with the bureaucracy and regulation that running a business brings. You can do this online at [link].

Start-ups 75

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ThomsonReuters

MARCH 1, 2024

To the IRS, S corporations (S corps) are considered “ pass-through entities ”, which means any deductions, losses, income, credits, and profits pass through directly to shareholders, who report their share of the business’s performance on their own personal tax returns. What IRS tax forms do S corps file?

corporation tax 52

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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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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? Let’s take a look at the basics. What is accounting advisory? Watch now >> What is the difference between accounting advisory and consulting?

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ThomsonReuters

APRIL 25, 2024

Some employer-sponsored retirement plans, like pensions or certain profit-sharing plans, may provide a portion of income as a lump-sum distribution. From an accountant’s perspective, the answer to this question varies depending on the source of the income and applicable tax laws. Delay Social Security. Don’t forget about healthcare.

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Nancy McClelland, LLC

AUGUST 21, 2023

That probably means you — and if this sends you into a panic, no fear… we’re going to outline what the requirements are and will offer a couple of suggestions for getting into compliance. What Is Illinois Secure Choice? ” Check out this excellent 20-minute video for an overview.

Illinois 52

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Nancy McClelland, LLC

AUGUST 21, 2023

That probably means you — and if this sends you into a panic, no fear… we’re going to outline what the requirements are and will offer a couple of suggestions for getting into compliance. What Is Illinois Secure Choice? The deadline for wave Four — employers with 16 or more employees — was Nov.

Illinois 52

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ThomsonReuters

APRIL 18, 2023

Ironing out the frequent problems that accountants face can help firms remain competitive, better attract and retain talent, and ultimately drive greater profitability. What are the current issues in accounting? Some of the issues vary by firm — depending on the size of the firm, the resources a firm currently has in place, etc. —

Account 52

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5 Minute Bookkeeping

OCTOBER 28, 2021

Whether you’re just starting out as a bookkeeper, or you’ve been doing bookkeeping for a long time, I want to share my insights and experience on how to work virtually with bookkeeping clients. The first thing we need to do is know exactly what our challenges are when it comes to working with clients virtually. Receipt capture.

bookkeeping 52

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Xero

JULY 21, 2022

What an incredible couple of days it’s been at Xerocon London, kicking off the product update with the launch of our exciting new product for sole traders, and watching as our teams share the latest tools and features in Xero. These included updates to Xero Payroll, a demo of Xero Me and a peek at our integration with Planday.

bookkeeping 67

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ThomsonReuters

NOVEMBER 8, 2022

The ability to unleash your firm’s true potential and focus in on what matters most: analyzing data, advising clients, and?uncovering What technologies, applications, programs, and/or tools is your firm currently using? The result? uncovering new opportunities. . Assess your current processes and tech stack. Take inventory of systems.

Technology 105

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ThomsonReuters

JANUARY 26, 2023

Those two core factors are: (1) the nature and degree of the worker’s control over the work, and (2) the worker’s opportunity for profit or loss based on initiative and/or investment. Legal insights into the proposed rules Payroll on Checkpoint discussed the proposed rules with Todd Lebowitz, a partner at BakerHostetler.

Legal 59

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LyfeAccounting

JANUARY 19, 2021

That’s why in this post, I want to make sure everyone understands what they need to know about getting approved for the new PPP Loan. So I’ll share the exact lender that we used because the big banks were seemingly overwhelmed and slow with getting back to us. Alright, so here’s what you need to know to get the PPP loan in 2021.

payroll 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? That’s a mouthful!

bookkeeping 52

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LyfeAccounting

APRIL 22, 2021

We’ve all heard it before… Amazon paid $0 in taxes while making over 11 billion dollars in profit. And while most businesses were paying their fair share of taxes, in 2018, Amazon received a rebate of $129 million. This basically means Amazon got a federal tax refund for millions of dollars. Must be nice, right? Here’s how.

Tax 52

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Ronika Khanna CPA,CA

APRIL 14, 2022

This can seem onerous, but understanding what needs to be done, and when, can significantly help reduce the stress and ensure that the tax filing process is smooth and straightforward. Being a small business owner comes with challenges, not the least of which is doing your taxes.

Tax 52

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Snyder

MAY 10, 2022

Being reliable in your business practices applies to your finances, too, ensuring not only that your business stays in profit for the immediate future but also looking into the longer term with financial forecasting. What’s an accounts payable process? It’s also non-stop. Make the most of your business accounts payable.

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Xero

SEPTEMBER 7, 2022

Today at Xerocon Sydney , we were able to celebrate what we can achieve when we work together to support small businesses across Australia and New Zealand. In fact, 37% of small businesses in Australia and 29% in New Zealand are worried their staff will be paid incorrectly due to confusing payroll obligations.

payroll 99

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Ryan Lazanis

APRIL 4, 2022

You’ll set up a long-term vision of what you want your own business to achieve and work backward to arrive at immediate priorities to focus on. I recommend developing a persona for your ideal client when talking about how to start an accounting business: What industries are they in? What challenges do they have?

bookkeeping 98

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ThomsonReuters

FEBRUARY 21, 2023

Marketing is essential for any business looking to grow and profit, and it can significantly impact your firm’s ability to grow and drive profitability. To help firms achieve greater growth and profitability , we will explore five ways accounting professionals can think like a marketer. Communication is key.

Tax 104

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ThomsonReuters

APRIL 6, 2023

Whether you’re an accountant, a small business owner, or a professional working within an organization, understanding what accounts payable is and how it works is essential. As an important cash flow indicator, accounts payable is a sign of the health of a business. The term accounts payable refers to all business expenses except payroll.

accounts payable 52

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ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is direct tax? What is indirect tax? You’ve likely heard these terms but understanding what they are and how they differ is important in helping companies better understand the costs they may face and how much they may owe going forward. Direct tax and indirect tax. But it doesn’t end there.

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ThomsonReuters

APRIL 6, 2023

From eliminating manual processes to making timely payments to maintaining strong vendor relationships, a streamlined accounts payable process is crucial to the overall financial health of a business. But what should you look for in an accounts payable automation solution? Receiving the order. Receiving the order. Paying the invoice.

Accounts Payable Automation 59

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LyfeAccounting

JANUARY 25, 2021

And it could be extremely stressful if you don’t know what you’re doing. I’ve been through it all, from trying to figure out how to do payroll for my very first employee, to figuring out how much I should pay my employees. I’ve paid thousands of dollars in payroll tax penalties. What’s the EASIEST way to set-up a payroll system?

payroll 52

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inDinero Accounting

JANUARY 9, 2023

Table of Contents What Makes Accounting Services for Startups Different? By the end of this post, you’ll better understand what a startup accountant should do, so when the time comes to hire one, you’ll know all the right questions to ask. What Makes Accounting Services for Startups Different? The numbers are just small.

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inDinero Accounting

JANUARY 9, 2023

What Makes Accounting Services for Startups Different? By the end of this post, you’ll better understand what a startup accountant should do, so when the time comes to hire one, you’ll know all the right questions to ask. What Makes Accounting Services for Startups Different? Table of Contents. Getting into legal troubles.

Account 52

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MazumaBusinessAccounting

AUGUST 12, 2021

In this blog, we will review 5 different types of business entities along with their advantages and disadvantages so you can decide which works best for your business. All the profits of your business are yours. If you fail to pay estimated taxes quarterly, you may have to pay a penalty and interest on what you owe.

tax return 98

tax return Tax Legal business tax 98

Snyder

JUNE 20, 2022

What is small business accounting? Track your small business profit and expenses. What is small business accounting? What is small business accounting? Let’s start with defining what small business accounting is. Accounting is the language of numbers. Contents: 1. Open a business bank account.

accounting basics 52

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LyfeAccounting

NOVEMBER 4, 2020

This could result in a profit or loss number. As a sole proprietor or single-member LLC, you would then report the profit or loss of your business on page 1 of your personal tax return. As a sole proprietor or single-member LLC, you would then report the profit or loss of your business on page 1 of your personal tax return.

business tax 52

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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. Pull employee data from Gusto to forecast payroll. And to be clear, this is not a predictions post. Automation is Front & Center. New Skills Required. Changing Client Expectations.

Account 111

Account accountant accounted Technology 111

ThomsonReuters

JUNE 28, 2023

Recently, Checkpoint Payroll Update  had the opportunity to speak with two labor and employment law specialists and subject matter experts. Background on DOL’s rule.  Then, on May 5, 2021, the DOL announced that it was withdrawing the final independent contractor rule, just one day before the delayed effective date was to take place.

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