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tax filing for online sales

Do you do any selling online? Did you know that selling things online can count as a business and that you could be losing money if you don't prepare your taxes just right? Online sales have helped my family get through a very difficult year. Then, when I found out what I was going to have to pay in taxes for the income that I earned through those online sales, I about had a heart attack. After doing some digging, I decided to skip filing my taxes myself and took them to a professional for help. Find out what an accountant uncovered for me and how it helped put my money back in my pocket.

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The Advantages Of Hiring An Outsourced CFO: A Guide For Small Business Owners

5 May 2023
 Categories: , Blog

As a small business owner or entrepreneur, you may struggle to manage your finances effectively while also focusing on growing your business. This is where an outsourced CFO can be a game-changer.  The Role of a CFO in a Small Business A CFO is responsible for managing a company's financial operations and developing financial strategies to achieve business goals. For small businesses, effective financial management is crucial for survival and growth. Read More …

The Benefits Of Online Bookkeeping For Your Business

15 March 2023
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Online bookkeeping is quickly becoming the preferred choice for many businesses around the world. It's fast, efficient, and offers a number of advantages over traditional methods of keeping financial records. Here are some reasons why you should consider switching to online bookkeeping for your business. Real-time Accessibility One of the biggest benefits of online bookkeeping is that it allows you to access your financial information in real-time. You can check on your finances whenever and wherever you want without having to wait until you can get into the office or make a phone call. Read More …

What Top Deductions Can Tax Preparation Services Help You Enjoy?

26 January 2023
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As a small business owner, you're no stranger to the challenges of keeping track of expenses and staying on top of your taxes. It's important to note that the deductions above are eligible for small business owners and have different rules, so it is best to consult a professional tax preparation service. Small businesses pay an average effective tax rate ranging from 13.3% to 26.9%, depending on their legal structure, but there are various deductions you can claim. Read More …

Lump Sum Or Annual Payments? 4 Tax Factors To Consider

9 December 2022
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Whether you're retiring with a pension plan, selling off your business, or winning the lottery, the option of taking a lump sum or annual payments is a difficult one. While there are many factors to consider, one of the most financially important is tax planning. To help you make the right choice, here are four key steps to take.  1. Learn About Tax Brackets. Under current U.S. tax law, each dollar of income isn't necessarily taxed the same. Read More …

Why Should You Outsource Accounting Services?

10 October 2022
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When it comes to managing your finances, you want to make sure that everything is in order. This can be a difficult task to do on your own, especially if you don't have experience with accounting and bookkeeping. This is where outsourcing business accounting services can come in handy. They can handle your finances and help accelerate your business growth. Here are several reasons that you need to engage accounting services: Read More …