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New Sole Proprietors, LLCs, and Corporations Need Accounting and Tax Services

MyIRSRelief

In addition to the accounting tasks listed above, your accountant can also help you with other important accounting tasks, such as: Preparing quarterly and annual tax returns Filing state and federal corporate income taxes Paying estimated taxes Preparing SEC filings Why Hire a Professional Accountant?

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How Long to Keep Important Financial Records

MazumaBusinessAccounting

You will need proof of payments and any business financial activity in case of disputes, identity theft, or fraud. Therefore, create a file for all banking and investment records for both your personal and business accounts. You might be wondering how long to keep bank statements. Err on the side of caution.

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How Much Is a Tax Consultant?

xendoo

If your situation requires specialized knowledge about tax codes, fees are usually commensurate with qualifications. What Does a Tax Consultant Do? A tax consultant is trained in tax law and financial accounting. They also should know recent tax law changes on both a federal and state level. .

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Shutting Down Your Tech Company? Here’s What You Need to Know

Shay CPA

A lag in getting your dissolution paperwork in could land you with a bigger tax bill or fines for noncompliance. Tax authorities don’t work overly quickly and it’s not uncommon to get audited several years down the road. You also need to notify the IRS of your dissolution.

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Starting an eCommerce Business? Bookkeeping Basics You Need to Know

xendoo

This is incredibly time-consuming for a small business and creates a lot of extra accounting overhead, which is just one of the reasons it’s generally more cost-effective to outsource your accounting and bookkeeping to a professional service like Xendoo. Pay Income Tax. Generate Financial Statements.

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Common mistakes in cash flow statements

ThomsonReuters

Cash flow statements are one of the three fundamental financial statements used, alongside income statements and balance sheets. However, one could argue that the cash flow statement is the most critical as it summarizes the amount of cash flowing in and out of an organization. Inaccuracies

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College Accounting Programs Are Taxpayer-Funded Training Programs for the Big 4 and Other Such Muckraking

Going Concern

Small business has unique needs for accounting services: primarily tax and advising, and secondarily day-to-day accounting needs to act as de-facto controllers and decision makers. Smaller firms cannot pay competitive salaries because the graduates must be expensively retrained in small business accounting needs.