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4 Reasons Why You Should Have An Accounting Process In Your Business

YoungUpstarts

by Krystal Russell, CPA at LYFE Accounting. Having an accounting process in place (from the beginning) ensures all of your financial information is organized and complete. The most efficient way to organize financial information is on an accounting system like Quickbooks or Xero. Included in this list is the role of accountant.

CPA 100
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How Startups Can Prepare For Their First Tax Audit

YoungUpstarts

They work with attorneys to form corporate structures and help with financing agreements. Usually, the last thing they think about is when they should be talking to a CPA firm about their business lifecycle. Persons With Respect to Certain Foreign Partnerships , or Form 5472, Information Return of a 25% Foreign-Owned U.S.

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The Financial Services of a Dallas CPA Firm

The Startup Magazine

Becoming a Certified Public Accountant (CPA) elevates a person’s standing among business contacts and peers in the accounting industry and clients and regulatory authorities. A CPA must have completed a certain amount of required coursework, pass a challenging exam consisting of four parts, and agree to abide by a code of ethics.

CPA 110
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The Latest Questions Small Businesses Are Asking

Up and Running

Secondary market research consists of gathering information that is already available regarding the target customer group such as demographic data available through the U. Many people who want to start a business believe they will be able to get grants or loans to help them finance the venture. Census Bureau. Often this is not true.

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

YoungUpstarts

Having a clear record of all of your expenses will give you the confidence that you’re providing accurate information on all of your tax forms. Find a business bank or alternative account that allows you to easily download your transaction history so you can effortlessly send it to a licensed CPA or upload it into a tax preparation software.

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Revenue Recognition’s Effect On M&A

YoungUpstarts

It’s important to address those concerns proactively and with accurate information. They will ask about the plan for implementation, and what are the system-wide needs and costs associated with implementing the new standard? What effects this will have on the future revenue model of the company and management’s ability to forecast?

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What a CFO Can Do For Your Agency

Duct Tape Marketing

Jason is a Co-founder of Thriveal, a firm that helps entrepreneurial CPA firms connect, learn and grow. He’s also the CEO of Blumer CPAs where they serve as an advisory firm for the design marketing and creative agency services niches. Gossip comes with teams that are not informed or told the things they need to make sense of.

CPA 73