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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. Forensic accountants research financial transactions to uncover fraud.

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How Accounting and Tax Pros Can Help Clients Strategize on Social Security

CPA Practice

Here’s what you need to know: If the individual works for an employer, the Social Security tax is withheld from the paycheck and gets reported by their employer through payroll taxes. It is important to note that if the individual is receiving a W-2, the individual and their employer each share the tax burden of 6.2%.

Tax 115
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8 Benefits of Online Bookkeeping

xendoo

It’s rare that a staff accountant has experience in the kinds of niche areas that your business needs. It makes sense to consult with an online accounting firm that can provide the services you need when you need them without the overhead of hiring a full-time CPA. But the more information you have about your business, the better.

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8 Benefits of Online Bookkeeping

xendoo

It’s rare that a staff accountant has experience in the kinds of niche areas that your business needs. Conversely, an online accounting firm can often provide experience in such areas as: Personal financial planning and assistance. Forensic accounting. Managerial accounting. Tax preparation. Tax information.