Starting a Home Based Business

Posted on: 6 May 2021

Many newbie entrepreneurs struggle with tracking their finances and doing their own taxes. While there are software applications that ease the burden of accounting, some financial tasks are best handled by a professional accountant. Here are some considerations that will help you choose the appropriate accounting service for your business. What Are Your Specific Needs? Many people rush to find accounting services before getting their expectations right. A 2017 Small Business Taxation Survey found that 61% of small entrepreneurs hire an external tax accountant.
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Posted on: 3 March 2021

As a business owner, you want to do everything possible to manage and protect your business's finances. However, you may lack the time to sit down and balance your business's books by hand. You also may lack the talent to figure out the math without making serious errors. Rather than put your business's finances at risk, you can install software that is designed to manage your finances for you. You can benefit by taking Quickbooks online training to learn how to use this software properly.
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Posted on: 14 December 2020

When you open a small business, you need to retain a number of outside contractors to ensure its success. In particular, you can benefit from hiring a certified public accountant to oversee your finances and bookwork.  This contractor can provide a number of valuable services that can underlie your success as a business owner. They can handle time-consuming yet important financial tasks that you cannot ignore or delay. Keeping Your Books Current
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Posted on: 23 September 2020

Debt relief through the cancellation of a debt owed—when a lender "writes off" the remaining portion of debt for various reasons—can be a big help when you are struggling under a debt burden. But this action does have tax consequences that often come as a surprise to borrowers. Cancellation of debt is generally taxable income on your annual Form 1040. However, there are important exceptions that don't require you to pay taxes on this income.
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