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5 reasons why non-profits should embrace accounting software

Reckon

Non-profits are one of the few types of organisations that seem to eschew the use of proper accounting software to manage their books! 1) Tracking donations and funds Donations and fund-raising activity dominate the financial landscape of the non-profit sector.

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Beyond the LLC: Alternate Business Structures in 2024

CPA Practice

Lastly, owners who perform “substantial work” as employees must adhere to payroll tax requirements. Created to “merge the traditional for-profit business corporation model with a non-profit model by allowing social entrepreneurs to consider interests beyond those of maximizing shareholder wealth.”

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What exactly is direct tax?

ThomsonReuters

As noted earlier, there are various types of direct tax, which is where things can start to get complex. While some have to calculate their income tax provision , some U.S. businesses are not subject to corporate income tax because they are taxed as “ pass-through” entities (i.e.,

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What is outsourced accounting?

Basis 365

The accounting firm handles all the payroll taxes and benefits, so you don't have to worry about it. When you reduce the time and resources you spend on non-revenue producing functions, you can put your focus more on those functions that do generate profits. This makes budgeting much simpler for the following year.

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4 Action Items Every Tech Startup Should Take to Protect the Business from Financial Risks

Cherry Bekaert

In today’s uncertain economic climate, and with the recent bank collapses, there are a few key measures that are non-negotiables for emerging technology companies to keep their financial and operational systems prepared for anything. Communicate with their investors regularly for transparency.

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Big Employee Retention Credit Update For Skagit County Businesses

SkagitCountyTaxServices

For example, if you pay your employees monthly and used PPP funding to make payroll for May and June 2020, then you cannot claim the ERC for those months on your second quarter payroll tax return, Form 941.

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15 Ways Accountants Can Make More Money Under the New IRS Strategic Operations Plan

CPA Practice

However, given that tax representation has, until now, remained a relatively specialized segment of the accounting profession the buzz was fairly localized. The IRS has just presented the tax and accounting community with an easy pathway to leveraging highly profitable tax representation and advisory work. Not anymore.

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