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  • What Is The Difference Between A CPA And A Bookkeeper?

    You just launched your business. Being the savvy businessperson that you are, you understand the need to hire someone to manage your finances properly. However, some people are telling you that what you need is a bookkeeper while others are telling you that you need a CPA. Which of the two do you actually need? It's not unusual for people to get the roles of bookkeepers and accountants confused. There is some overlap in the roles served by the two.
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  • The Four Categories Of A General Ledger

    Financial organization is a key component in the management of any successful business. Many small business owners can be overwhelmed by the day-to-day tracking of financial transactions, but establishing a comprehensive way to capture each transaction will help you make your business more profitable over time. If you haven't already set up a general ledger for your business, you should make this a top priority. General ledgers provide a comprehensive look at the financial health of your business and help ensure consistency in your bookkeeping services.
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  • 5 Reasons To Hire A Tax Prep Pro

    When it comes time to handle taxes during tax season, many individuals and families get stressed out. It takes a lot of time and work to handle taxes and it can be very confusing to the average person. Instead of getting anxious and waiting until the last minute to handle your affairs, it can pay to hire a professional. They can guide you every step of the way as you gather your documents and they can file your taxes for you!
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  • Hiring A Family Member? How It Might Benefit You Both

    Hiring family members to help with your small business can be a way to draw everyone together with a common goal or get your kids a more solid start in their working life. But it may also be fraught with challenge when it comes to following the legal and tax requirements.  To help you find your way through this special employee process, here are the basic tax consequences of hiring your child, your parent, and your spouse.
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  • 3 Steps To Take In Your 30s To Protect Your Financial Future

    Being able to take care of yourself after you retire starts by making smart financial decisions in your 30s. During your 30s, there are various financial goals that you should aim to meet that will put you on a path towards a positive financial future. #1 Develop an Emergency Savings Ideally, in your 20s, you built up a small emergency savings that cover at least one-month worth of expenses, and ideally, up to three months' worth of expenses.
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  • 5 Basic Income Tax Forms That Affect Your Reporting and Tax Bill

    Tax forms are confusing for most Americans who must deal with them. But understanding the basics of your personal income tax return will help you ensure an accurate filing and the lowest tax bill.  To help you get started, here are the five most common tax forms that affect your tax bill in the largest ways. 1. Form 1040 This is your annual personal income tax return. It comes in three varieties based on how many forms of income or credits you report.
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  • 4 Tips For Getting Your Small Business Accounting On Track

    Being the owner of a small business can be a full-time job. You're sure to have some tasks that must be completed and days full of work that must get done. However, there is one thing you shouldn't neglect, and that is the accounting aspect of your business. The records you keep is the key to knowing the amount of profits you make or the losses you may have. Knowing some specific tips that can help you stay on the right accounting track are ideal.
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  • Tips for Keeping Your Accounting Costs as Low as Possible

    If you are a small business owner, you likely have a lot of expenses already. You need to make sure that you are paying people to keep your store open, you might be paying for a website, you are likely paying vendors, and you must pay for insurance. One item that you don't want to deal with is paying for accounting. Here are some tips for keeping your accounting costs as low as possible so that you can spend your money on more important things, such as expanding the line of products that your business sells.
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  • When It's a Good Idea to Hire an Accountant to Do Your Taxes

    If you're like a lot of people, you hate doing your taxes. You may even put it off until the last minute and then spend all day calculating and worrying if you're doing things right. The solution to this problem is to hire an accountant to do your taxes for you. However, hiring an accountant might cost a couple of hundred dollars depending on how complicated your taxes are. Here are some times when it's probably worth the expense to hire a professional.
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  • How An Online Accounting Program Can Help With Your Financial Situation

    Trying to keep up with your finances can be a bit daunting unless all transactions are through, to, and from one bank account. When you add credit cards, cash, a line of credit, a mortgage, and other ways cash comes and goes, things get left out or forgotten. This is where using an online accounting program comes in handy. Here are just a few ways using the online financial program can help you set up and stick to your budget.
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