Accounting
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Selecting a tax accounting method for your small business
Small business owners must answer an important question: Should we use the cash or accrual accounting method for federal income tax purposes? Larger entities are…
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Starting a business? 5 things you need to know
So you’ve decided to start your own business — congratulations! Many new owners open a business to be their own boss and chart their own…
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Should your business consider a fiscal year end?
Most businesses close their books for tax and accounting purposes on December 31 because it aligns with the calendar year. But a calendar year isn’t…
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Cash or accrual accounting: What’s best for tax purposes?
Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax…
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Is it time to upgrade your business’s accounting software?
By now, just about every company uses some kind of accounting software to track, manage, and report its financial transactions. Many businesses end up using…
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What’s the best accounting method route for business tax purposes?
Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for…
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