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The 5 Most Common Small Business Accounting Mistakes

VetCPA

Small businesses make accounting errors and oversights regularly. Here, we cover five of the most common small business accounting mistakes. Recording everything is an excellent rule to follow for bookkeeping and accounting for a small business. You refuse to outsource your accounting needs.

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What's new in May for state sales and use taxes

TaxConnex

Despite all good intentions of municipal representatives of both parties, replacing the revenue that would be lost with a sales tax exemption on groceries has been plagued with what one city finance director called “choice overload.”. Time for a renovation? An old story. Taking license.

Sales 246
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Demand for Automation in Sales Tax Compliance is Rising, Avalara Says

CPA Practice

tax professionals responsible for managing sales tax obligations for independent retailers reveals that 97% of respondents say they have automated or plan to automate their sales tax compliance process. A new Avalara survey of U.S. The survey, which was conducted from Oct. The survey, which was conducted from Oct. million.

Sales 116
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How a Point-of-Sale System Can Help on Small Business Taxes

CPA Practice

For many small business retailers, managing a point-of-sale (POS) system comes with the territory of owning a store. With these systems, owners are able to manage things like inventory, scheduling, and more. Enter the small business accountant. By Eric Thornton. Let’s dig in. Let’s go back to our example of a pet store.

Sales 100
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Accounting Niches [What, Why, How + 10 Examples]

Ryan Lazanis

Finding the right accounting niches is a tried, tested, and true way to quickly grow your firm. 10 great examples of accounting niches. What is an Accounting Niche? Deeper understanding, deeper services: Startups care about “burn rate” and “financing” while dentists want to open new offices and entice dentists to work for them.

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Omnichannel Retail Strategy: Create Your Own Omnichannel Strategy for E-commerce Business

Snyder

And basically, there are two strategies that can be of great help here – multichannel and omnichannel retailing. What is multichannel retail: Different bags for your eggs. What is omnichannel retail: The power of integration. Omnichannel retail strategy: How to win at omnichannel retail. Contents: 1.

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10 tips for changing retail accounting and reporting systems

Menzies

Menzies LLP - A leading chartered accountancy firm. This specification should be a stand-alone document that contains the ‘must haves’, ‘needs’ and ‘wants’ from all facets of the business i.e. procurement, warehousing, finance, sales and marketing. Blog Is your profit data misleading you?

Retail 52