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Unmasking Fraud: How Forensic Accounting Protects the Hospitality Industry

Withum

There can be concerns surrounding revenue, disbursements, or vendors, and a forensic accountant is brought in to collect, analyze, and evaluate evidential matter to assist stakeholders in reaching a conclusion on the merits of concern. There are two types of engagements that forensic accountants normally get involved in.

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Accounting Basics for Small Business: A Simple Guide

Snyder

So for a small business owner, it’s vital to understand accounting so they can understand their business and also be able to communicate with banks and investors. What is small business accounting? Basic steps in accounting for small businesses. Open a business bank account.

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

Shay CPA

Finally, export and download the following to add to your file: General ledgers Financial statements Accounts payable Accounts receivable Obviously, you can’t just lock the door and walk away. A lag in getting your dissolution paperwork in could land you with a bigger tax bill or fines for noncompliance.

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Ecommerce Accounting 101

xendoo

Bookkeeping records and codes all money that comes in and out of your business. Accounting professionals then use that information to file taxes and generate reports that help you understand the past and plan for the future. Here are some fundamentals to get you started with accounting for your eCommerce enterprise.

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How Much Is a Tax Consultant?

xendoo

Business tax law is often far more intricate than individual tax law. They will have an in-depth knowledge of legalities surrounding the business structure of an entity and the deductions that may be available to a given company. . They may also have received a master’s degree in finance, accounting, or tax.

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Why and How to Transition from a Sole Proprietorship to a Corporation

Ronika Khanna CPA,CA

There are several reasons that you might decide to transition your sole proprietorship to a corporation : Growth Your business is experiencing growth that requires a more official business structure and a separate legal entity to deal with the additional complexities of growth. Change contracts, billing etc.

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Startup Accounting Guide: Everything You Need to Know in 2022

Accounting Seed

On the flipside, if you get your accounting set up properly from the start, you’ll set your new company up for success. You’ll be able to track all the financial data that forms the lifeblood of a startup, including revenue, expenses, payroll, and general ledger. Separating Business and Personal Finance. The answer?