article thumbnail

The Difference between Bookkeeping and Accounting

SMBAccountant

Forensic accountants research financial transactions to uncover fraud. Managerial accountants work to collect and compile data used to make management decisions. Tax accountants specialize in IRS law and completion of tax returns. to review performance and profitability.

article thumbnail

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

CPA Practice

Unlike contributions to traditional retirement accounts such as a 401(k) or IRA, the funds you pay into Social Security are not tax-exempt or tax-deductible on your annual tax return. Contributions to Social Security are not tax-exempt or tax-deductible on annual tax returns.

Tax 115
Insiders

Sign Up for our Newsletter

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

article thumbnail

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. We even provide scalable solutions to help your business to grow.

article thumbnail

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. IT auditing.