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Exploring Tax Strategies For Small Businesses: Insights Inspired By Troy Renkemeyer’s Experiences

The Startup Magazine

Tailoring tax strategies to the specific structure of your business is fundamental to minimizing liabilities and maximizing returns, necessitating a nuanced understanding of the tax code and its application to each type of business entity.

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Revenue Recognition’s Effect On M&A

YoungUpstarts

A change in revenue recognition means a change in the due diligence process, specifically accounting diligence, modeling, quality of earnings and cost of integration. In certain industries, such as Software as a Service (SaaS) and hardware companies, the new standard is a minor tweak.

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3 Simple Tips From A CPA For Managing Your Online Business’ Finances

YoungUpstarts

It is crucial to know the sales tax laws bounding your state and city, otherwise, this will lead to incurring losses when you pay your tax dues. Use online bookkeeping software. How much tax should you charge your customers on the checkout page? Find out the sales tax rate in your state and know the regulations (eg.

Finance 147
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The Startup Guide to Affordable Accountancy

The Startup Magazine

What you may not know is that 82% fail due to poor cash flow management, according to a study by a US Bank. In their study, they found that most businesses fail due to poor understanding of cash flow and lack of a well-developed business plan. Accounting Software. In such cases, accounting software will do just fine.

CPA 74
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Don’t Mix Business And Personal: Tax-Time Tips For Small Business Owners

YoungUpstarts

But combining these expenses in a joined account can cause unnecessary frustration and a myriad of problems during tax time, including making it more complicated and time consuming when doing your taxes yourself or utilizing a tax preparation software. Find a solution that allows for employee sub-accounts.

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Onboarding Volunteer Board Directors: A Fresh Approach

Board Effect

In a session at a recent Diligent conference, three industry experts gathered to share their experience, explore board member onboarding, and discuss how technology can be used to bring new trustees “into the fold” ready to contribute. Hold board orientation sessions and make sure to review board manual with new member.

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How Cloud-Based Accounting Software Can Benefit Your Business

Duct Tape Marketing

How Cloud-Based Accounting Software Can Benefit Your Business written by John Jantsch read more at Duct Tape Marketing. While this area of the business can be very intimidating for many, there is something you can do to lessen the burden and release stress: Use cloud-based accounting software.