All businesses must keep track of financial transactions and records. Choosing the best accounting method will provide an accurate overview of your organization’s expenses and profits. Let’s look at the different accounting methods and the importance of choosing the right one.Common Types Of Accounting Methods
Why A Small Business Should Outsource Accounting
As a small business owner, your primary objective is to manage and grow your business. With so many demands on your time and limited resources, you may need help with your accounting requirements. Let’s look at the benefits of outsourcing your accounting and bookkeeping services.What Is Outsourced...
IRS Delays New Venmo/PayPal Reporting Requirements
In December, the IRS announced a one-year delay for a new tax reporting rule, requiring payment services to issue Form 1099-K for business transfers over $600. Whether the agency intends to amend the rule by raising the transaction amount is unclear, but the delay is welcome news for taxpayers.
Getting Ready For Your Tax Appointment
The IRS recently announced that it would begin accepting and processing tax returns on January 23, 2023, so it’s time to get your papers together before meeting with your tax accountant. Knowing what documents to bring can help your tax preparer work to avoid errors, lower your tax bill, and even...