Accounting and Bookkeeping Service

Bookkeeping Services for Small Business

Bookkeeping Services for Small Business

Managing finances is one of the most important yet the most difficult tasks. It can sometimes become a big headache.  Accurate bookkeeping helps ensure that all financial transactions are recorded correctly without accounting for income, expenses, and the overall profitability of the business. If small businesses do not have a suitable system in place, they’ll […]

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Outsourcing Accounting and Bookkeeping Services

Outsourcing Accounting and Bookkeeping Services

Firms apply sound financial management practices towards the achievement of goals within today’s business world. Small and emerging businesses undergo difficulties in their internal accounting obligations due to a lack of funds or appropriate employees. Business corporations require assistance with accounting and bookkeeping. Therefore, they select outsourcing. It pays to employ financial specialists for it

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How to Start a Bookkeeping Business: A Step-by-Step Guide

How to Start a Bookkeeping Business: A Step-by-Step Guide

It is good to market bookkeeping services to companies, as they are effective. Once the business is experienced, there will always be a huge market due to the increasing demand for bookkeeping services, especially among small and medium business people. Vigilant accounting and reporting of finances opens doors to its success and generates a favorable

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Retro Pay

Retro Pay: How to Easily Calculate Retroactive Pay?

US Legal defines retroactive compensation as a delayed wage payment for work already performed at a lower rate. Retro pay might result from Pay raises. An employee, for example, received an increase that they should have earned two pay periods earlier. Payroll errors include inputting inaccurate wage data into the payroll system and incorrect pay for overtime. Employees

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How To Calculate Qualified Business Income Deductions

How To Calculate Qualified Business Income Deductions?

Under the section 199A deductions, it allows eligible taxpayers, like estates, and trusts,  to deduct up to 20% of their qualified business income. This is applicable to those tax years beginning after 31st December, 2017. This section is also called the pass-through business income deduction. How To Calculate Qualified Business Income? QBI, also known as

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Accounting and Bookkeeping Service for Startups

Accounting and Bookkeeping Service for Startups

A large portion of any company’s total accounting services is bookkeeping. An utterly computerized accounting system’s deployment can take several months, and this time can be further extended depending on the complexity and size of the company. Professionals must use accounting software, and its purchase is expensive. Your small business’s duties will expand along with

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