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Financial vs Tax Accounting

SMBAccountant

Some responsibilities of tax accountants include: Preparing federal and state income taxes Calculating and filing property taxes, sales taxes, and licenses Preparing and filing 1099 forms Assisting with tax audits or legal disputes The second type of accounting is financial accounting.

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Lack of visibility over legal entities is holding back finance decision-makers

Accounting Insight

Research reveals just one in 10 UK finance decision-makers (10%) has full visibility of spend across the legal entities of their business leaving the vast majority struggling to see the bigger picture. It enhances financial control, transparency, and accountability – all are essential for long-term business success and sustainability.”

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Strong Businesses, Strong Strategic Partnerships

Basis 365

Financial Accounting Team: A dedicated accounting team is essential for daily bookkeeping, bill payment processing, payroll, sales invoicing, and financial statement preparation. Legal Corporate Attorney: Every business needs legal guidance for entity formation, compliance, contract review, and dispute resolution.

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Small Business Guide to Government Grant Accounting and Compliance

SMBAccountant

It's crucial to assess your eligibility for federal grants before applying, as pursuing grants for which you are not legally eligible can waste time and resources. Compliance with program guidelines ensures that grant-funded activities align with goals and adhere to legal and ethical standards.

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FBAR Update: Recent Changes to Reporting Assets Held Outside U.S.

CPA Practice

This article will provide a general overview of the current reporting requirements for foreign financial assets on the Report of Foreign and Financial Accounts (“FBAR”) and on Form 8938 under the Foreign Account Compliance Act (“FATCA”). Financial Interest A U.S. However, U.S. FBARs A United States Person (“U.S.

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PNC Sues Plaid Over Alleged Trademark Infringement

PYMNTS

Plus, PNC wants Plaid to pay “punitive damages in an amount to be determined,” as well covering the bank’s legal expenses in the case. The spokesperson added that Plaid makes clear its role in allowing consumers to share information from their financial accounts with the programs they select. "We

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Friday Footnotes: PwC Completes Its Punishment; Hybrid Work Should Stay in 2025; Deloitte Clutters Up the Dark Web | 1.3.25

Going Concern

Talent Using podcasting to attract accounting talent [ Journal of Accountancy ] Two Boise State University accounting professors created a podcast series to attract new talent by taking students on professional journeys. To Be Continued… Oh do we have things to say about this.

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