Mon.May 27, 2024

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Art of Accounting: Invest time to save time

Accounting Today

Sometimes spending a little more time on something will save a lot more time later on or reduce the stress level for those involved with that project.

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Essential Facts about Shareholder Loans for Incorporated Small Business Owners

Ronika Khanna CPA,CA

There are three primary ways in which you, as an owner-manager , can withdraw funds from your corporation. You can: 1. Pay yourself a salary , 2. Declare or pay yourself a dividend or 3. Borrow money from the corporation. When you borrow money from your own corporation the Canada Revenue Agency (CRA) has put into place strict rules as to when you have to repay the loan to ensure that the owner-manager does not avoid paying taxes indefinitely.

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Recent QuickBooks Desktop Version Updates

Insightful Accountant

Over the last 30 days Intuit has cranked out several updates to your QuickBooks Desktop software. Download, install and updates will have depended on how you have your software updates set.

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South Carolina Increases & Extends Abandoned Buildings Tax Credit

Cherry Bekaert

South Carolina legislature recently passed both an expansion and extension of the Abandoned Buildings Revitalization Act , which has been instrumental in the revitalization of abandoned and neglected properties across the state. In recognition of the act’s success, the recent expansion increases the maximum credit limit to $700,000, and the extension ensures the credit provisions remain in effect until 2035.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Ignore the hype: Why being the ‘Expert’ isn’t enough for Accountants

Mark Lee

I’ve lost track of all the people who try to convince you that you need to spend time and effort trying to show that you are an expert accountant. And that, beyond this, you have some specific areas of expertise. The same people also mislead accountants as to what to write about online, on blogs and on Linkedin. I am not surprised that some accountants attempt to follow this advice as there does appear to be some logic in it.

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