Mark Lee

OCTOBER 31, 2023

You’re not alone if you’re fed up of hearing commentators, software vendors and app developers tell you what your clients are thinking. They are speculating and many are simply repeating what they have heard others say; and then mistakenly think these messages resonate with you. Not that they know of course.

tax return 92

tax return bookkeeping bookkeeping software accounting and finance 92

Xero

JULY 7, 2022

We surveyed 171 accountants and bookkeepers – with a collective clientele of about 6,000 small businesses – to learn how ecommerce was changing business ownership. Here’s what they had to say about the differences. . Responses came from the UK, the US, and Australia. Four ways ecommerce de-risks business ownership.

bookkeeping 66

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ThomsonReuters

DECEMBER 20, 2020

What is the difference between sales tax and value-added tax (VAT)? To explain further, let’s outline the similarities and differences between these two types of indirect tax. What triggers the tax administration requirement? Sales tax vs. VAT overview. Before the 2018 South Dakota v.

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Sales South Dakota Tax corporation tax 119

xendoo

AUGUST 24, 2021

In this blog post, we will walk you through paying yourself as a sole proprietor! . An Owner’s Draw differs from a regular salary in that you can take money from your earnings as needed. The remaining amount is referred to as ownership equit y, which is what you will take your draw from. Where to Begin? How Do I Pay Myself?

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ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Working with external auditors.

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Snyder

DECEMBER 27, 2022

Freelance accounting is increasing in popularity. Even if online accounting is something you’ve done for years, becoming a freelancer may seem tricky to begin with. Even if online accounting is something you’ve done for years, becoming a freelancer may seem tricky to begin with. What do freelancers appreciate in their job?

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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. They want to know: What are the differences? They want to know: What are the differences?

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bookkeeping Account accountant accounted 52

Xero

APRIL 16, 2023

The ability to send and receive invoices directly between accounting systems (and eliminate the need for manual, error-prone PDFs sent via email) offers some very exciting benefits. Before this, JB was managing his own bookkeeping. Let’s look at one example where this sort of technology could benefit a small business.

Non-Profits 96

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Xero

DECEMBER 13, 2023

Trend #1: The AI-augmented creativity boom This year saw generative AI burst into the mainstream in what Axios’ Scott Rosenberg called the “most phenomenally successful act of rebranding in corporate history. In 2023, generative AI tools can generate poems, short stories and complex legal and medical documents in a matter of seconds.

Technology 86

Technology accounting and finance Education Entertainment 86

Ryan Lazanis

MAY 17, 2022

If you’re looking for the best marketing for accountants’ strategies, you’ve come to the right place. Most of these methods I’ve personally used myself to help take my cloud accounting firm from scratch to sale in just 5 years. Marketing for Accountants 101. 1 Get Blogging. #2 4 Viral Marketing for Accountants. #5

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Ryan Lazanis

APRIL 13, 2022

In this article, you’re going to learn about what an accounting workflow is, the purpose your workflows serve in your firm with 9 key workflows that you can optimize in your accounting firms. What is a Workflow? What are the Benefits of a Workflow? Accounting Workflow Examples for Firms. Client Onboarding.

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Account accountant accounted accounting firms 88

ThomsonReuters

MAY 6, 2022

In this episode of Pulse of Practice , “Do I have to choose between tools and staffing?”, Despite what all those sci-fi films promised us, robots haven’t replaced the human race just yet. Despite what all those sci-fi films promised us, robots haven’t replaced the human race just yet.

Technology 95

Technology bookkeeping Start-ups payroll 95

Nancy McClelland, LLC

NOVEMBER 8, 2023

There will be heaps of people reuniting for the first time since last year, or at least since Scaling New Heights (check out my recent video blog about those amazing takeaways , which includes some bonus QBC suggestions). Kelly Gonsalves is hosting a star-studded one with Insightful Accountant – sign up here.

quickbooks 52

quickbooks bookkeeping Start-ups Account 52

5 Minute Bookkeeping

OCTOBER 28, 2021

Many businesses are switching to virtual offices, which opens up new challenges and exciting opportunities for accountants and bookkeepers. Click on the video link below to watch: How to work virtually with bookkeeping clients. A monthly bookkeeping process. Accounts payable: Melio. Document management.

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bookkeeping quickbooks accounts payable E-commerce 52

Accounting Insight

APRIL 13, 2023

End of financial year – party time for accountants, woo! As a long-time accountant working in Australia, I always confuse people who aren’t accountants because as far as I’m concerned, the year starts on the first of July, not the first of January. Here are my top tips. This means getting admin up to date.

bookkeeping 59

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LyfeAccounting

OCTOBER 14, 2020

? ?. Today, I’ll be deep-diving into the bookkeeping basics for small business. And by the end of this post, you’ll understand the importance of bookkeeping and how to properly complete your bookkeeping in just a few simple steps. Ready to learn the bookkeeping basics for small business? More simply, bookkeeping.

bookkeeping 52

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Mark Lee

APRIL 25, 2023

Imagine you are at an accountancy conference along with dozens, maybe hundreds of accountants from other practices or who run their own firms. Firstly the common instinctive view that accountants are all pretty similar is more a function of confusion. It’s NOT that accountants are all the same. Everyone is unique.

Account 52

Account accountant accounted tax return 52

ThomsonReuters

APRIL 15, 2021

Tax and accounting firms are uniquely positioned to be strategic advisors and service providers for their clients—but CPA firms must evolve, too. People entering the workforce have different expectations than previous generations—and often more options about where they work. Marketplaces are becoming tighter and competition fiercer.

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cpa firm accounting and finance CPA audit 96

ThomsonReuters

DECEMBER 5, 2022

For tax and accounting professionals, time is a precious commodity. What if there was a way to free up these precious hours for higher-value opportunities? . What is automation, and what are its benefits for tax and accounting professionals? . Maximize collaboration between staff and clients .

Technology 59

Technology Tax financial statements cpa firm 59

Mark Lee

MAY 10, 2023

I love getting feedback on my posts – even from accountants who disagree with my take on things. So, with that preamble, here are ten signs that would suggest to me that you may be a bad accountant: In my opinion, what do bad accountants do? How does anyone know what they don’t know?

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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.

accounting basics 52

accounting basics CPA Account accountant 52

Cheap Accounting

AUGUST 31, 2023

Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. Keep receipts and invoices then record the amounts spent in the accounts. There is no formality to setting up as a sole trader as there is no distinction between you and your business; basically you just get started.

Start-ups 75

Start-ups Account accountant accounted 75

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. John Jantsch Speaking. Find A Consultant.

accounting software 147

accounting software Account accountant accounted 147

LyfeAccounting

OCTOBER 12, 2020

?. There is one thing in business that is constant and remains the same: The need for proper bookkeeping and accounting. What should you look for in a Virtual CPA? Okay, let’s start with defining what a CPA is. What is a CPA? You see, every dollar you make must be allocated somewhere. Ok, let’s be honest.

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CPA cpas bookkeeping cpa firm 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. Let’s start from the beginning. .

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audit auditor Account accountant 59

Xero

OCTOBER 4, 2022

As we celebrate Hispanic Heritage Month at Xero, I have been reflecting on our theme, “Esta es mi gente” or “These are my people” and what it means to be part of a community that supports and uplifts one another. Their story exemplifies this idea of community so well and what we’re trying to create. . I’ve been an entrepreneur myself.

accounting and finance 94

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Mark Lee

JANUARY 17, 2023

These are very common questions I get asked by accountants, bookkeepers and tax advisers. And, if you are, please don’t bother reading this blog post. Most accountants are used to getting prospective clients on the phone or to seeing them face-to-face before talking about fees. ” ;-). Argument against.

tax return 52

tax return Account accountant accounted 52

ThomsonReuters

APRIL 6, 2021

People entering the workforce have different expectations than previous generations—and often more options for where they work. Some companies have no finance or accounting professionals in-house and no desire to change. This can include payroll, accounts receivable and payable, and bookkeeping.

accounting and finance 64

accounting and finance audit CPA cpa firm 64

Ryan Lazanis

SEPTEMBER 1, 2023

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

accounting software 98

accounting software quickbooks Account accountant 98

LyfeAccounting

NOVEMBER 2, 2020

This is because selecting between these two options will determine your tax outcomes for both you and your employees. We want to maximize our pay structure between contractors and employees so we can get the best outcomes for everyone. Okay, so here’s what we’re going to cover. #1 What is a 1099 Worker? Things get real.

payroll tax 52

payroll tax Tax Legal payroll 52

LyfeAccounting

OCTOBER 20, 2020

But you have absolutely no idea what this means, and if you even need it in your business. We wanted to know what she wanted to accomplish in her business. And what we needed to manage inside of her business to make her goals a reality. In this post, I’m going to answer the question of… What are Virtual CFO services.

accounting and finance 52

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LyfeAccounting

OCTOBER 20, 2020

But you have absolutely no idea what this means, and if you even need it in your business. We wanted to know what she wanted to accomplish in her business. And what we needed to manage inside of her business to make her goals a reality. In this post, I’m going to answer the question of… What are Virtual CFO services.

accounting and finance 52

accounting and finance financial statements bookkeeping cpas 52

LyfeAccounting

DECEMBER 7, 2020

And after helping hundreds of businesses with their accounting and taxes, we know a thing or two about it. The difference is that employees pay INCOME tax at the state and federal level, while employers pay UNEMPLOYMENT tax at the state and federal level. Here’s a quick breakdown of who pays what and how much: EMPLOYER PAYS.

payroll tax 52

payroll tax payroll Tax income tax 52

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. What is tax software? What factors should be considered when selecting tax software? What is tax software?

tax preparation 52

tax preparation Tax tax return accounting software 52

Snyder

JULY 13, 2022

If you’re wondering how to sell on Etsy, what your Etsy store cost will be, and whether Etsy is worth your time, we have good news for you – you don’t have to learn the hard way. If you’re new to Etsy and want to make sure you’re doing everything right, it’s essential to have a guide on how to set up an Etsy account.

Start-ups 98

Start-ups E-commerce Maine accounting books 98

LyfeAccounting

OCTOBER 16, 2020

I’m excited to share with you what I’ve learned about how to start a business in 2020. So today, we’re going to make it easier for you and break down what you need to do step-by-step. Now sure, you won’t have it all figured out on day 1, but you should definitely ask yourself these questions: What problem does your business solve?

accounting and finance 52

accounting and finance Start-ups Legal Tax 52

LyfeAccounting

MAY 27, 2021

So in this post, we will be going over what business credit is, and everything you need to know about it. What is Business Credit? Now that you know what business credit is, let’s look at 4 big benefits of business credit: 1. You want to build your business credit and want to know the most effective and fastest way to do so.

accounting and finance 52

accounting and finance Legal Start-ups tax preparation 52