Posts

  • 3 Reasons Why You Should Outsource Your Company's Bookkeeping

    Bookkeeping is one of the most important functions in any business. It impacts everything from your tax filings to your financial reporting. If the books aren't accurate, it's impossible to tell whether or not you're profitable. You'll need accurate financial records for a wide range of business activities, like borrowing money, taking on investors, or even deciding to expand. A skilled, experienced bookkeeper helps you create accurate and insightful financial documents.
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  • Here's What An AML Consultant Should Be Able To Do For Your Small Bank

    If your banking institution not already working with an AML consultant, there has never been a better time to consider doing so. Following are a few important things an experienced AML consultant should be able to do for your bank's organization overall. Implement and Manage Internal Controls One of the most important things you should be able to rely on your AML consultant to do is implement and manage an appropriate set of user controls that will help ensure that nobody within your operation even has the opportunity to commit financial fraud of any kind.
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  • 3 Types Of Taxes To Be Aware Of When Selling Online

    If you sell items online through a service such as Etsy, eBay, Artfinder, or a similar website, you need to make sure that you are aware of the different types of taxes that you have to collect and pay. If you are making a profit off of your online business on a consistent basis, and you are using the online service as a way to do business, not as a small side hobby, then you need to make sure that you are collecting and paying the right type of taxes.
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  • 3 Reasons Your Business Needs A Bookkeeper

    If you own a small business, you likely have a long list of tasks that you need to make sure are completed by you or your employees each and every day. If you are starting to feel like you're burning both ends of the rope, perhaps it might be time to offload some of the more time-consuming tasks to another party. Here are three reasons why more and more business owners are choosing to retain the services of a firm that offers professional bookkeeping services.
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  • Filing Taxes As Head Of Household: Requirements And Restrictions

    Most people know that they can file their taxes as a single person or as a married couple. But there's also an entirely different class of filing: "head of household." A head of household is an individual who has dependents who aren't their spouse. This type of filing conveys very similar benefits to filing as a married individual, including substantial tax breaks -- but it has to be understood to be used.
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  • Deducting The Foreign Tax Associated With Dividend Income From A Foreign Company

    Many individuals diversify their portfolio holdings by investing in companies based in other nations. U.S. tax filers who receive dividend income due to their stock ownership in foreign companies may be eligible to take a tax deduction for taxes paid to a foreign government. You may directly own shares in a foreign company, or you might have ownership in a mutual fund that has investments abroad. Either way, it is likely that your dividend income received from a foreign company is slightly reduced by taxes paid to the home country of the business.
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  • What Types Of Reporting Should You Bring To Employee Reviews?

    Rather than being a chance for you to talk with employees about issues, a great employee review should be a two-sided discussion that allows both parties to gain insights and share their feedback. Using management reporting in employee reviews is one way to foster dialogue during these sessions. Here are some pointers on how to incorporate reports into your reviews. Why Bring Reports? There are a few key benefits of bringing reported data into your reviews.
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  • The Reasons Your Small Business Requires Skilled Accounting To Become Successful

    Starting a business can be a huge task, especially when it's your first business. Making the right choices is extremely important for your small business to experience the growth it needs to become larger and more successful. One of the most important aspects of your small business is maintaining accurate accounting records. Check out the benefits of professional small business accounting and how you can take steps to ensure your business never runs out of money.
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  • Three Critical Accounting Tips For New Small Business Owners

    Opening a small business is a lot of work, but you already know that. Unfortunately, once your business is up and running, the hard work isn't over, but it is instead just beginning. This is particularly the case when it comes to your finances. Keeping your finances in order is a long-term responsibility that can make-or-break any organization. Make sure you're on the right track. Utilize Separate Accounts Make it a point to keep your finances separate.
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  • New To Filing Taxes? Here's How To Do A Simple Return On Paper

    Filing your income taxes on paper returns can be easier than many people think. For a young taxpayer new to the process, it may simplify your life, save money and allow you to file for yourself. But there are a few things to remember when filing your taxes this way. Here is a 5 step guide to filing on paper forms. File Early. Most people know that the deadline is April 15 (April 17 in 2017), but paper filers should do their returns as early as possible.
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