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Remote Tax Prep vs. Traditional Tax Services: Which One is Right for You?

The Startup Magazine

Remote tax prep involves utilizing online platforms or software to file your taxes from the comfort of your home, while traditional tax services usually entail visiting a physical office and working directly with a professional accountant. You can use software from different companies. Then, they use what they know to help you best.

CPA 125
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Exploring Tax Strategies For Small Businesses: Insights Inspired By Troy Renkemeyer’s Experiences

The Startup Magazine

Tailoring tax strategies to the specific structure of your business is fundamental to minimizing liabilities and maximizing returns, necessitating a nuanced understanding of the tax code and its application to each type of business entity.

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3 Simple Tips From A CPA For Managing Your Online Business’ Finances

YoungUpstarts

How to Properly Manage Your Online Business Finances Right from the Start. If you wish to properly manage your online business finances, here are tips from experienced CPAs with ecommerce firms as clients: 1. Use online bookkeeping software. Be familiar with sales tax. Get help from the experts.

Finance 147
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Revenue Recognition’s Effect On M&A

YoungUpstarts

A change in revenue recognition means a change in the due diligence process, specifically accounting diligence, modeling, quality of earnings and cost of integration. In certain industries, such as Software as a Service (SaaS) and hardware companies, the new standard is a minor tweak.

Revenue 124
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The Startup Guide to Affordable Accountancy

The Startup Magazine

What you may not know is that 82% fail due to poor cash flow management, according to a study by a US Bank. In their study, they found that most businesses fail due to poor understanding of cash flow and lack of a well-developed business plan. Accounting Software. In such cases, accounting software will do just fine.

CPA 70
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Don’t Mix Business And Personal: Tax-Time Tips For Small Business Owners

YoungUpstarts

But combining these expenses in a joined account can cause unnecessary frustration and a myriad of problems during tax time, including making it more complicated and time consuming when doing your taxes yourself or utilizing a tax preparation software. Find a solution that allows for employee sub-accounts.

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4 Reasons Why You Should Have An Accounting Process In Your Business

YoungUpstarts

by Krystal Russell, CPA at LYFE Accounting. Accounting allows you to review and analyze the performance of your company. These software makes setting up your accounting faster than doing it manually. If you are not able to set this up, hire a Certified Public Accountant (CPA) to help you through the process.

CPA 100