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Why Your Accounting/ERP System Is the Key To Successful Business Tax Preparation 

Withum

Achieve automation through workflow, dashboard alerts, and saved searches , especially with processing vendor invoices and exposing the capability to view the invoice online and drill back to the General Ledger details. Help is a phone call/email away to work alongside our ERP and tax preparation specialists.

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Steps to Clean Up Accounting Records: A Checklist

xendoo

Be Ready for Tax Season. No one enjoys tax season (not even accountants), but paying taxes is a required part of keeping your business tax compliant. If you don’t have accurate records, you may miss out on deductions or income on your tax returns. A virtual bookkeeper can help you automate that and more.

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How Much Is a Tax Consultant?

xendoo

Navigation business tax requirements and preparation. Looking for available deductions to lower your tax burden. Helping to manage capital gains taxes. Sorting through tax advantages of life events. A tax consultant may work with individuals, businesses, or both. Helping to Mitigate Business Taxes.

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Ecommerce Accounting 101

xendoo

That means you must charge sales tax based on the address you are shipping to. Establish a general ledger. Your online business requires a general ledger. Another important aspect of your chart of accounts is noting which expenses are tax-deductible.

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Accounting Basics for Small Business: A Simple Guide

Snyder

Basic steps in accounting for small businesses. Open a business bank account. Go through business bookkeeping basics. Track your small business profit and expenses. Get to know small business tax obligations and procedures. Small business accounting software to help you stay on top of accounting.

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Optimizing Your Firm’s Overhead Rate

Withum

Items such as employee bonuses, bank fees, and business taxes are often excluded from the overhead rate calculation, when in actuality, a portion of those expenses may be allowable. Accounting software often presents limitations, such as a single expense account for all payroll expenses.

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What Your Financial Reports Really Tell You

MazumaBusinessAccounting

Financial reports can be an incredibly helpful tool for small businesses. Or they can help you decide if it’s time to expand your business. They can help you determine how much money you can pay yourself each month. As helpful as financial reports are, they can only help you if you understand how to read them.