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Tech Startup Accounting Insights From A Y Combinator Company

inDinero Tax Tips

The key is the difference between cash and accrual accounting. Youre already familiar with cash accounting; its how people manage household budgets, where transactions count when money physically changes hands. Accrual accounting is a bit trickier. Accrual accounting is better suited for tech startups.

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Top Online Bookkeeping and Accounting Services for 2021

xendoo

Good business bookkeeping is vital for any successful company, both for legal and financial reasons. Accurate information from bookkeeping is not only necessary to know where your business stands financially at a given moment, but it is also essential for strategy planning, managing cash flow, and predicting profitability. .

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Save on Your Business Taxes – 6 Useful Planning Tips from the Experts

MyIRSRelief

Another expense which you are legally entitled to claim a portion of your tax return back from, is travel. You can legally juggle personal journeys with business journeys, so again, that is certainly worth considering. Always deduct travel expenses. Fund your own retirement plan. Deduct the cost of gifts.

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Save on Business Taxes – 6 Useful Planning Tips from the Experts

MyIRSRelief

Another expense which you are legally entitled to claim a portion of your tax return back from, is travel. You can legally juggle personal journeys with business journeys, so again, that is certainly worth considering. Always deduct travel expenses. Fund your own retirement plan. Deduct the cost of gifts.

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What is the Difference Between Bookkeeping, Accounting, and the Role of the CFO?

Basis 365

Every business has the need for “accounting”. You’d think every business would then need accountants to help them out. If that’s the case, why are there bookkeepers and what do that do that an accountant does not? What about a CFO, are they an accountant? Bookkeepers meticulously process these transactions.

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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). Understanding the principles of GAAP accrual accounting can be challenging and daunting; however, with the right guidance, it can be achieved. cash accounting—if you want to be GAAP-compliant.

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Small Business Tax Deductions 101: What You Can (and Can’t) Write Off

inDinero Accounting

Indinero’s virtual bookkeeping service simplifies record keeping. When the time comes, contact us about our virtual bookkeeping services. This includes: Legal fees Accounting and bookkeeping services Tax preparation costs Financial planning advice Remember, these deductions apply to fees paid for business purposes.