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IRS Business Accounts & Your Skagit County Business

SkagitCountyTaxServices

As part of last year’s Inflation Reduction Act (IRA), the IRS has rolled out new online business accounts for business owners. Similar to the existing individual accounts, these accounts are intended to provide businesses with more visibility and ease of communication with the IRS.

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The Top 5 Small Business Accounting Systems in 2024

CPA Practice

Ask dozens of accounting professionals and most will agree that using accounting software is an important part of managing a business. Accounting software also simplifies tax preparation by identifying taxable income and deductions with ease. Not all small businesses are on board yet.

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The 5 Most Common Small Business Accounting Mistakes

VetCPA

Small businesses make accounting errors and oversights regularly. Here, we cover five of the most common small business accounting mistakes. Recording everything is an excellent rule to follow for bookkeeping and accounting for a small business. You don’t take bookkeeping as seriously as you should.

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3 Holiday Tips for Small Business Accounting

Basis 365

These are three small business accounting tips that will help you get through. Your wallet will be drained by office parties, employee gifts, bonuses, and client gifts. So how do you spend money when it isn't coming in as fast as it used to? Keep your cashflow in check Keep track of your books, no matter how slow it gets.

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Small Business Accounting Software: A Skagit County Owner’s Guide

SkagitCountyTaxServices

And it wasn’t THAT long ago that electronic spreadsheets were considered “a big advancement” in accounting technology. Businesses put away those old ledger books and took to smudge-free financial data entry. If you want to talk more about these or any other deductions your business could be taking, let’s chat: 360-424-1040.

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5 Small Business Accounting Trends for 2023

Basis 365

Technology is constantly evolving, so there are many small business accounting trends. Accountants must understand how to make the most of these new trends to provide clients with the best possible services. Small businesses can benefit from automation by having accountants use it internally.

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Mastering Business Accounting: 4 Key Decisions for Success

Basis 365

If you decide to use accounting software, numerous options are available, ranging from essential to advanced features, and you'll need to choose the one that best fits your business needs and budget. If you hire a bookkeeper, carefully vet and select a qualified professional with experience in small business accounting.