2022

  • Income, Sales, And Payroll Taxes — Their Effect On Financial Statements

    Taxes are an unfortunate but necessary part of doing business. One key part of managing them is to understand how your past, current, and future taxes affect the financial statements and your business's books.  To help you know where your money is going and avoid problems with the IRS, here are a few key things to know about sales, income, and payroll taxes in your bookkeeping. 1. Sales and Use Taxes
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  • 5 Things To Know About Your Debts When You Die

    Most Americans have debts and obligations. What happens to these when you pass away? Who is responsible for them? And who isn't responsible? Although debt isn't a fun subject for most people to discuss, it's an important ingredient in managing and settling your estate. Here are a few of the most important things to know about it.  1. Your Family Doesn't Have to Pay One of the most important aspects to understand about passing away with debt is that your family is not generally obligated to pay your debts.
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  • Does Your Business Need A Competent Accountant? Consider These 3 Benefits Of Getting One

    A significant percentage of small business startups fail before their second anniversary. The high rate of failure is an indication that you can have the right idea and even get the funds to execute it. However, if you do not have the right people to check the development progress where finances are concerned, your business might struggle. An accountant is one of the professionals you should consider hiring when starting in business.
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  • Why You Need An Accountant When Running A Family Business Or Sole Proprietorship

    No one starts a business expecting to fail, but businesses fail sometimes. There are many reasons why they fail, but poor financial management is perhaps the leading cause. Most business owners want to manage their business money without professional help, but they later experience serious problems. As a devoted and passionate business person, you should hire an accountant to help run your business because they can perfectly streamline your financial management system.
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  • 5 Key Benefits Of Professional Tax Planning

    Tax consultancy is often used by high net worth individuals, but it can actually be of great benefit to almost anybody if they make plans for their company or business activity. There are several key benefits that tax planning might provide for you and these include: You'll Avoid Unpleasant Surprises Unexpected taxes due on your property, income, or other assets can leave you short on money. If this happens frequently, then your cash flow will suffer which could cause some major issues in the future.
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