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Top Tips to Prepare for an eCommerce Audit

TaxConnex

Other products/services tend to have disparate tax rules across states and tend to change over time; software and technology solutions for example, are a fluid field for sales tax. If you have exempt sales identified on your tax return, one of the first items an auditor will want to see are your exemption certificates.

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Accounting Basics for Small Business: A Simple Guide

Snyder

In general, business accounting is the process of organizing and analyzing a company’s financial information to plan and advise on taxes, file tax returns, make forecasts, and help with data-driven financial decision making. Set up a general ledger. Let’s look at them in more detail.

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Bookkeeping vs. Accounting: What’s the Difference Between Bookkeepers and Accountants?

Snyder

The main responsibility for a bookkeeper is to be perfectly accurate, that’s why there has been an increasing transition to using bookkeeping or accounting automation software to avoid mistakes that come from manual data entry. The main difference between bookkeeping and accounting professionals is the cost.

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How to Avoid Mistakes in Accounting: 5 Common Accounting Mistakes

Snyder

Whether an error results in underpaying or overpaying on taxes, your business experiences unnecessary losses. But there’s definitely a potential for improvement, as filing taxes and getting tax returns can be streamlined with the right accounting software and professional help from experienced accountants.

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

Accounting for a small business usually means summarizing and analyzing financial transactions, producing accounting reports, and timely providing data for tax purposes and tax returns. We spoke about cash basis and accrual basis accounting when discussing 3 main financial statements. So let’s look into it further.

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How to Find the Best Real Estate Accounting Software for Your Business

Snyder

While you can use general ledger software for small businesses to manage basic accounting, real estate investing requires a lot more than just keeping track of debits and credits. It streamlines and simplifies the entire process, from tracking income and expenses to preparing tax returns.

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Latest product news — July 2022

Xero

A new layout for the main forms in Xero Tax (Australia only) has been introduced to improve the way you find, navigate and add information. This enhancement means you can make adjustments that are not sent back to the general ledger from within the return. Improve your workflows in Xero Tax — UK.