article thumbnail

Why you should have separate bookkeepers and tax accountants

Basis 365

It's OK to ask an outsourced accountant for help with your daily books. Before we get into the reasons, let's first look at how the duties of accountants and bookkeepers differ. This will allow you and your accountant to make better financial decisions. Why not hire bookkeepers and tax accountants for the year?

article thumbnail

Top Remote Accountants of the Week | May 2, 2024

Going Concern

QuickBooks, Go-Systems, Oracle Remote Work Experience: Y Goal: Remote Senior Tax opportunity, CPA support, promotional opportunity Salary: $90K Time Zone: Eastern Sign up to learn more about this candidate FTE Tax and Accounting | Candidate ID #20076015 Certifications: QuickBooks Online ProAdvisor Education: BS Accounting Experience (years): 30+ (..)

Insiders

Sign Up for our Newsletter

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

article thumbnail

7 ways to attract and win new tax clients

ThomsonReuters

Whether you’re at the one-to-one stage of your relationship or casting a wider net to the masses, share your insights and knowledge on a variety of tax, accounting and business hot topics to gain their attention and earn their respect. One significant trend sweeping the tax profession is the rise of value-added services.

Tax 105
article thumbnail

Top accounting issues in 2023

ThomsonReuters

More than half (52 percent) of respondents said they will offer tax technology training to all employees, and 42 percent will offer training on the use of non-tax specific technologies to all employees. Payroll errors For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader.

Account 52
article thumbnail

20 Small Business Tax Deductions You Need to Know

xendoo

If you’re unsure, it’s a good idea to contact a tax accountant to verify whether or not they count as a tax deduction. Small businesses should have separate bank accounts and credit cards that are solely for company use. Outside of vehicle expenses, there are travel-related expenses that may be tax write-offs.

article thumbnail

What happens if you get audited and don’t have receipts?

xendoo

For example, if your deductions include certain expenses like entertainment, you can’t claim the Cohan rule. However, there are many records that businesses need to keep, including receipts, financial statements, payroll, and much more. Professional tax services like Xendoo make bookkeeping easy for businesses.

audit 52
article thumbnail

What happens if you get audited and don’t have receipts?

xendoo

For example, if your deductions include certain expenses like entertainment, you can’t claim the Cohan rule. However, there are many records that businesses need to keep, including receipts, financial statements, payroll, and much more. Professional tax services like Xendoo make bookkeeping easy for businesses.

audit 52