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

The Startup Magazine

Navigating the complexities of tax regulations can be daunting for small business owners, yet mastering this aspect is crucial for ensuring their operations’ financial health and sustainability. Utilizing Tax Credits Tax credits can be a powerful tool for small businesses looking to reduce their tax burden.

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The Latest Questions Small Businesses Are Asking

Up and Running

Look honestly at all the pros and cons for this type of business venture. The local Small Business Development Center office is a resource that can assist with the venture feasibility process. What is meant by “company culture” and how is it important to my business? Analyze ways to overcome weaknesses and threats.

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Small Business and Startups: 5 Tips For Keeping the Books

crowdSPRING Blog

Enter the accounting team: you, your bookkeeper, your CPA, and (sometimes) your tax specialist.Rat. The best way for small business owners and startup entrepreneurs to deal with that complexity is through careful planning, detailed documentation, and careful organization. Pick your software tool.

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6 “Shark Tank” Questions Every Business Owner Should Be Able To Answer

YoungUpstarts

By Richard Weinberger, PhD, CPA, CEO of the Association of Accredited Small Business Consultants and author of “ Propel Your Small Business to Success: Accelerated Actions to Maximize Profit “ If you had to stand before the shark investors in ABC’s “Shark Tank,” would you get stumped by their questions?

CPA 160
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Why Employer-Sponsored Health Insurance Is A Thing Of The Past And What You Should Do About It

YoungUpstarts

And three, utilize Section 105 of the Internal Revenue Code to establish a formal self-insured medical reimbursement plan to reimburse employees for their substantiated individual health insurance costs on a pretax basis. If you’re a trusted adviser (CPA, attorney, tax professional)…. Referrals from happy clients.

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

YoungUpstarts

by Krystal Russell, CPA at LYFE Accounting. Unfortunately, most small business owners are not accountants and find themselves neglecting this function completely. Accounting is commonly defined as “the process of recording past business activity.” Meaning, your business’ profits are taxable by you.

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The Startup Guide to Affordable Accountancy

The Startup Magazine

While hiring a CPA may be quite costly for a startup that is yet to establish a footing in the business world, it does have its own benefits. Needless to say, you don’t need to hire a CPA for his or her accounting services on day one. Sometimes, your business may be growing but you don’t have enough resources to hire a CPA.

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