article thumbnail

R&D Tax Credit: The Innovation Incentive

Cherry Bekaert

The Research and Development (R&D) Tax Credit is a federal incentive designed to promote innovation in the design, development and improvements of processes, products and services. It allows companies to receive tax credits when certain expenses are incurred for the performance of qualified R&D activities in the U.S.

Tax 75
article thumbnail

The Difference between Bookkeeping and Accounting

SMBAccountant

Generally speaking, bookkeeping is a part of the accounting process that focuses on recording financials transactions and is heavily rooted in data entry and reconciliation of bank and credit card transactions and statements. There are different types of accountants which specialize in different areas.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Accountant Vs. Controller: What's the difference?

Basis 365

What is an accountant? Non-controller accountants generally perform more straightforward accounting tasks than controllers. These responsibilities include internal reports, cost accounting, tax auditing, and cost accounting. Financial Expertise Controllers have more experience than accountants.

Account 97
article thumbnail

Gaining More Value with Virtual Accounting

AccountingDepartment

You might want to make changes before the new fiscal year or tax year starts. Here are some of the ways you can benefit from outsourced accounting services. Virtual Accounting Is More Than a CPA. Many smaller businesses only have a CPA that handles their tax return.

Account 88
article thumbnail

Offshoring: Not New… but Increasingly Mainstream

PANALITIX

An unpredictable economy encourages business owners to reduce costs (like a large payroll) in favor of less onerous obligations (like subcontracting arrangements). Fee pressure also urges Accountants to reduce costs. Perhaps this is tax preparation work for Individuals or small Corporations. Take a long-term view.

article thumbnail

6 Reasons Construction Companies Need Accounting Professionals

Pooley Accounting Services

Each job is a project that has specific costs associated with it, and each project is expected to be profitable. When preparing a bid, construction companies need to consider the financial implications of the following: Direct and indirect costs. Forecasting Direct and Indirect Costs. construction accounting.

article thumbnail

Learn When Your Should Outsource Your Accounting

xendoo

Getting behind in your books can leave you frantically preparing for tax season. Outsource accounting services can help you stay up-to-date on your books, compliant with regulations, and firmly in control of your company’s financial future. Tax preparation. Tax Planning. Optimize Costs. Non-profits.

Account 98