LyfeAccounting

OCTOBER 18, 2020

Today, I’m going to give you 15 reasons why bookkeeping is important. There are a ton of things that are important to businesses owners like: sales. But if I was you, I’d place bookkeeping at the top of my important list as it affects literally everything I just mentioned, which you’ll see why and how by end of this post.

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bookkeeping financial statements audit accounting and finance 52

xendoo

MARCH 18, 2021

Bookkeeper? Accountant? Which one does your business need, or does it need all three of them? Staying on top of your business’s finances is key for a small business owner, but you may need more than day-to-day bookkeeping. CPA act as consultants on many issues, including taxes and accounting.

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LyfeAccounting

MARCH 10, 2021

Compilations are basically financial statements that are prepared by an outside accountant. So for example, if you’re self-employed and are applying for a loan, the lender might require you to see financial statements that are prepared by a CPA. But does this mean you need a CPA to do your bookkeeping?

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CPA cpas bookkeeping tax preparation 52

xendoo

JANUARY 11, 2021

They know they’re probably making mistakes and missing opportunities that a pro would spot right away, but they don’t know if accounting services will save more than they cost. “How much do accountants charge for year-round bookkeeping services?” Typical rates are: Bookkeeper — $30 to $90 per hour.

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Account accountant accounted bookkeeping 52

LyfeAccounting

FEBRUARY 14, 2021

These requirements vary based on the state, but you basically have to work in the accounting profession for a period of time to obtain your certification. million accountants in the US, over 1.5 million bookkeepers, and at least 1.2 That’s less than 15% of accounting professionals. million taxpayers. Just 600,000.

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LyfeAccounting

OCTOBER 28, 2020

There are quick and easy ways to do this by syncing your business bank account to a bookkeeping system, and classifying your transactions within that system. This process is called bookkeeping. To learn more about bookkeeping, then read this post on “ Bookkeeping 101 for small businesses ”.

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accounting basics CPA Account accountant 52

LyfeAccounting

NOVEMBER 3, 2020

Every year, more than 2 million taxpayers overpay their income taxes. This could be due to poor tax planning, or because they’re missing some of the biggest business tax write-offs. Meanwhile, the top 1% are using the tax law to their advantage to minimize their tax liability, oftentimes leaving us clueless….

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Tax tax return business tax accounting and finance 52