Net 30 payment terms: Merits and Demerits
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1y ago
Net 30 payment is a type of credit provided by the business to a customer, in which the customer has 30 days to pay for products or services after the invoice date. early ..read more
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When Are Taxes Due? 2023 Filing & Extension Deadlines
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1y ago
The last minute can sneak up on you when it comes to filing your taxes, and there's nothing more annoying than having to pay a fine you could have avoided ..read more
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Benefits of Virtual Bookkeeping
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1y ago
Do you remember the times when bookkeeper tasks used to be carried out manually with open and paper? As the company grew, it was common for the bookkeeping tasks to become more complex and time-consuming ..read more
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What is Tax Write-Offs (Tax Deduction) And How Does It work?
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1y ago
A tax write-off, which is the same as a tax deduction, which allows you to lower your taxable income by subtracting expenses. This can result in paying less taxes. Tax deductions are an effective tool for self-employed individuals as it can significantly reduce their tax liability ..read more
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Payroll Automation Tips For Saving Time
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1y ago
Payroll is calculating and distributing wages, salaries, bonuses, and deductions to employees. It is a critical function of any organization as it ensures that employees are paid accurately and on time ..read more
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Tax Guide for Small Businesses: How Much Should You Save for Taxes?
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1y ago
Running a small business has its own benefits and challenges. Although it can be incredibly freeing to be your own boss, there are many responsibilities on your head one of which is paying taxes ..read more
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Tips for Managing Your Accounts Receivable
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1y ago
All businesses must have an effective Accounts Receivable Management system to run smoothly.It serves as the company's financial backbone, providing the resources needed to pay personnel, pay for recurring costs, and make investments in expansion potential ..read more
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12 Excellent bookkeeping tips for business in 2023
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1y ago
Business owners sometimes find bookkeeping and accounting processes tedious; thus, failing to keep proper financial records resulting in tax issues and financial loss. Putting in place a simple bookkeeping procedure and embracing some fundamental accounting methods may assist you in better understanding your business’s financial situation and potentially increase income ..read more
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The IRS audit: How far back can they audit you
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1y ago
Have you ever wondered how far back the IRS can go when auditing your tax returns? It's a question that many taxpayers like you ask, and the answer can be complicated ..read more
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