Accounting Insight

APRIL 4, 2024

The end of the tax year often begins with relief. Relief the tax return deadline has been met (we hope) and has passed you by. Accountants and bookkeepers can now look ahead to the new tax year. But as the days get brighter, so too can your bookkeeping in the coming year. What can I do this year to improve?

Technology 59

Technology bookkeeping bookkeeping software Tax 59

Basis 365

APRIL 12, 2022

Bookkeeping is the process of collecting money from customers, paying bills, and getting new inventory. Bookkeeping is not something you can do at the end of each year, like taxes. Outsourced bookkeeping services are the best choice for small business owners who lack the time and knowledge to manage it. Here's why.

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Accounting Insight

OCTOBER 13, 2023

We wish all our bookkeeper finalists the best of luck” The LUCA Awards also recognises supporting partners in the bookkeeping industry. A host of software vendors are acknowledged in categories ranging from Data & Expenses app of the Year to Tax & Accounts production and – of course – bookkeeping software.

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Accounting Insight

NOVEMBER 11, 2022

At Accountex Summit Manchester, Dorcas Mbwiti, Senior Product Manager at Wolters Kluwer Tax & Accounting UK took the opportunity to talk to Sarah Davy, Partner at Edwards Greene. A: I’ve been involved in tax for 20+ years on the private client side of things. Q: As a firm, how are you preparing for MTD for Income Tax?

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Steve Feinberg

SEPTEMBER 7, 2023

Accurate bookkeeping also ensures that you are compliant with tax regulations. Not only is it required by law, but proper tax compliance ensures that your business avoids penalties and maximizes tax returns and deductions. Bookkeeping software can help you automate payroll and streamline the entire process.

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xendoo

AUGUST 16, 2021

From choosing an accounting method to managing transactions to setting up payroll, bookkeeping can be an extremely confusing and time-consuming process! That’s why many business owners decide to get bookkeeping help, whether they use a form of online bookkeeping software or hire an accountant. . Accounts receivable.

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Basis 365

APRIL 18, 2023

Expertise and Specialization Bookkeeping is a specialized skill that requires expertise and knowledge of accounting principles, tax regulations, and financial reporting standards. CFOs understand the importance of accurate bookkeeping in maintaining financial integrity and compliance with regulatory requirements.

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PYMNTS

FEBRUARY 23, 2020

The deal will push the bookkeeping software giant more into the realm of consumer finance, people familiar with the deal said. Intuit is known for making online tax filing service TurboTax, which is used by millions of people. Credit Karma was valued at $4 billion in a private share sale around two years ago.

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Steve Feinberg

AUGUST 9, 2023

From invoicing to income tracking, bookkeeping, and tax preparation, the financial aspects of running a web design business can be time-consuming and complicated, even for the most organized business owners.

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quickbooks bookkeeping accounting and finance tax preparation 52

Basis 365

FEBRUARY 8, 2023

Outsourced bookkeepers often charge per hour or by task. Companies can't do it all alone, so they need to buy QuickBooks and more advanced bookkeeping software. However, these tools will be familiar to professionals who are experts in bookkeeping. Additional assistance is available when tax season approaches.

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bookkeeping bookkeeping services bookkeeping software accounting and finance 52

MazumaBusinessAccounting

MAY 31, 2023

Having someone who specializes in bookkeeping focus on your books and an accountant who specializes in tax do your taxes can improve accuracy and save you money. Look for a bookkeeper who is open to adopting innovations and can keep up with changing technology to provide you with the best experience.

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MazumaBusinessAccounting

JUNE 1, 2023

Having someone who specializes in bookkeeping focus on your books and an accountant who specializes in tax do your taxes can improve accuracy and save you money. Look for a bookkeeper who is open to adopting innovations and can keep up with changing technology to provide you with the best experience.

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Mark Lee

OCTOBER 31, 2023

The good news is that few of your current clients will even notice the adverts from suppliers of bookkeeping software and financial apps etc. This means they trust you to do whatever it is you do that gets their accounts and tax returns produced and filed. Maybe they wanted tax advice too.

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xendoo

SEPTEMBER 10, 2021

Online bookkeeping services provide a simple, elegant solution that can save you time, money, and the headaches you get from trying to juggle the needs of your small business! . Today’s accounting firms can handle a wide variety of SMB bookkeeping tasks, including: Invoices . Corporate tax preparation . Financial statements .

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Ryan Lazanis

SEPTEMBER 27, 2023

They specialize in custom talent selection and training for accounting systems and excel in modern cloud accounting software. Besides bookkeeping, they can handle other accounting tasks, with potential tax law training needed. Based in Canada, but only exclusively servicing small businesses and firms in the US.

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xendoo

AUGUST 3, 2021

Bookkeeping is the make-or-break factor for a business, sometimes determining the success or failure of a company. Accurate and timely bookkeeping allows you to make sound decisions for the strategic planning of your business. It makes tax time a breeze and ensures that you’re ready if the IRS ever audits your company. .

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Basis 365

AUGUST 31, 2023

However, as your company grows, you are likely to face broader challenges that require a skill set that a part-time bookkeeper typically needs to have. Benefits of Outsourced Bookkeeping Services Bookkeeping needs to grow and change as a business grows. Your bookkeeping technology needs to be updated.

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Nancy McClelland, LLC

DECEMBER 26, 2023

So, keep in mind that a company can be an LLC but be taxed as a corporation. Here’s an example of a W-9 showing an LLC that is taxed as an S-Corp: This is one of many reasons you should collect Form W-9 from all service vendors before giving them their first check, just to be safe.

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Nancy McClelland, LLC

DECEMBER 26, 2023

So, keep in mind that a company can be an LLC but be taxed as a corporation. Here’s an example of a W-9 showing an LLC that is taxed as an S-Corp: This is one of many reasons you should collect Form W-9 from all service vendors before giving them their first check, just to be safe.

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bookkeeping tax return Non-Profits Tax 52

Accounting Seed

JANUARY 4, 2023

With a manual accounting system, you also draft tax returns and financial statements by hand, without computers. Automated and computerized accounting use software to manage a company’s bookkeeping. Time Automated accounting saves time compared to simple bookkeeping software and even more time compared to manual accounting.

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PYMNTS

FEBRUARY 28, 2020

An entrepreneur who opens a coffee shop or launches a FinTech startup isn’t in business to crunch numbers and file taxes. “In our very first company, we were totally bootstrapped — and because of that, we had to be very frugal, so we did our own bookkeeping,” he said. “In retrospect, it was a big mistake. .

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PYMNTS

FEBRUARY 24, 2020

The bookkeeping software titan will now add the personal credit score website to its roster among other names like Quickbooks, TurboTax and more. Intuit closed a deal to buy Credit Karma for a price tag of $7.1 billion on Monday (Feb. 24), according to published reports. The company is now worth more than $74 billion.

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xendoo

MARCH 16, 2022

Here’s why: It will make it easier to file taxes for your business (since they are separate from your personal accounts). Your accountants and bookkeepers can monitor the account more freely. It is recommended that you set aside and save at least 30% of your total income for taxes. Previous tax returns .

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Nancy McClelland, LLC

MARCH 9, 2023

A substitute Restaurant Revitalization Tax Credit bill is currently languishing.) This blog post ( with a 20-min video walking you through the process ) is our suggestion of how to translate the info you already have in your bookkeeping software into a format that will easily conform to the Restaurant Revitalization Award Portal requirements.

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xendoo

JUNE 11, 2022

Be sure to include the write-off on your income tax return. If the customer does eventually pay, you can declare it as income on next year’s tax return. You’ll also need to get a tax refund if you’ve already paid taxes on the expected income. .

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inDinero Tax Tips

AUGUST 22, 2023

Is business rent tax deductible? Yes, business rent is tax deductible under qualifying circumstances. As part of our ultimate guide to business expenses and tax deductions , this article will run through different types of rental tax deductions, who qualifies, what to avoid, and ultimately how to claim the deduction.

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xendoo

FEBRUARY 24, 2021

It’s one important thing you can take off of your to-do list, and you can rest easy knowing your financials are being properly handled throughout the year by professionals – no more worrying about when you’ll do your bookkeeping, and no more playing catch up when tax time rolls around.

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xendoo

MARCH 18, 2021

A skilled accountant will keep you tax compliant and ensure that you’re always in-the-know and focused on the big picture when it comes to your financials. Thankfully in 2021, there are many affordable online accounting software options available for small business accounting. . Or the interest!?) .

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Steve Feinberg

DECEMBER 23, 2022

Labor, insurance, taxes, materials, repairs, etc.—all The first step in any and all bookkeeping is to keep a thorough record of all of your transactions—every single day. However, you might consider investing in bookkeeping software that can keep track of multiple accounts and present data in different ways.

bookkeeping 52

bookkeeping bookkeeping software accounting and finance audit 52

xendoo

AUGUST 9, 2021

It is also necessary to meet government regulations and for proper tax preparation. Finally, good business bookkeeping provides data so you can use it to analyze financial trends, costs, profits, and more. . An online bookkeeping service can help you manage: . Corporate tax preparation . Tax preparation services.

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PYMNTS

JUNE 10, 2020

Software company Wave Financial plans to roll out a bookkeeping and banking package for small businesses called Wave Money this summer. The company said Thursday (June 11) that the “solution” won’t have banking fees or account minimums and will offer “instant access to funds” and come with bookkeeping software.

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bookkeeping bookkeeping software accounting and finance Finance 56

Ryan Lazanis

APRIL 4, 2022

4) If you provide tax preparation services, they’re a great way to avoid a crazy tax season. A hectic tax filing season exists because many accounting firms don’t have enough money coming in throughout the year, so they have to jam as many tax returns as possible into a short tax season just to bring in additional revenues.

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Snyder

NOVEMBER 4, 2022

It helps keep track of all this data so that it can be used when tax season rolls around in April every year! If you want to simply automate your accounting processes, you don’t need a whole new system, and you might begin with small, incremental changes like single-entry bookkeeping software or a timekeeping app.

Technology 52

Technology bookkeeping software payroll accounting and finance 52

PYMNTS

JUNE 21, 2018

“There is a ‘getting-serious’ moment, whether it comes around tax time, or the moment they realize they could actually run this business full time. That includes conversations about what products and services would be best for them, such as bookkeeping software and loans, even if those tools are offered by third parties.

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