Fri.Jun 18, 2021

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How Many Years Can I Take a Loss on My Business?

MazumaBusinessAccounting

If you’re wondering, “How many years can I take a loss on my business?” then you’re probably reaching a point where you’ve been claiming too many losses on your taxes. The Internal Revenue Service (IRS) only allows your business to be in the negative for a certain number of years before it declassifies it as a business.

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The Ultimate Guide to Finding the Perfect Outsourced Accounting and Bookkeeping Service

AccountingDepartment

Whether you're a seasoned pro, or just starting in a business leadership role, you probably know that you need an exceptional accounting and bookkeeping system And, since there are so many accounting processes that can take your team away from focusing on growing your business, this might be the perfect time to look at outsourced accounting and bookkeeping services.

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How Familiar Are You With Federal Legal Holidays?

Patriot Software

As a small business owner, your doors likely aren’t open 24/7. And if you’re like most businesses, you might be closed on federal legal holidays like Thanksgiving or Christmas. According to the Bureau of Labor Statistics, the average full-time employee receives approximately 7.6 paid holidays annually. If you’re an employer, it’s important to know what […] READ MORE.

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New Update: Tax Refund Delays Due to Fraud!

LyfeAccounting

As many of you know, the IRS has been delayed in processing 2020 tax refunds. Covid-19 and the IRS shutdown are largely to blame for this. However, a recent update has confirmed that the IRS has flagged over 5.2 million tax refunds for identity fraud, and for these taxpayers, this means an even longer delay. But there is some good news that could mean an even larger refund once your refund is processed.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Selling on Amazon vs. eBay: What you need to know

xendoo

Ready to start selling your products online? Or have you already built a web presence and you’re looking to expand? From marketplaces like Etsy to building and hosting your own website on Squarespace or Shopify, small businesses have plenty of platforms to sell their products online. But eventually, most professional sellers find themselves asking: What are the pros and cons of Amazon vs. eBay?

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Financial Statement Fraud Red Flags

FraudFiles

Tracy Coenen teaches a group about some of the most common red flags of financial statement fraud. More information on corporate fraud is available in Tracy’s book, Essentials of Corporate Fraud.

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New York Minutia – The Sequel!

Withum