Look at your potential CPA or tax preparer’s website and social media accounts to see what sorts of things they post. Read online reviews on Yelp, Google, Angie’s List, Thervo, and Facebook. Google their name to see what comes up—and scroll through the first few pages of search results to make sure nothing is buried. … Continue reading “How to Find the Best Tax Preparer Near You”
This will help you remember that the check was voided and you’re not waiting for it to clear your account. If that check number is posted to your account, contact your bank right away. Finally, if you use duplicate checks, make sure your VOID marks are voided check seen on the duplicate, too. A void … Continue reading “How to Void a Check: 8 Steps with Pictures”
Legal accounting will let you analyze and collect information to make decisions with data in mind. These numbers are based on money that is coming into your firm and leaving your firm. If proper attorney bookkeeping occurs, then the law firm can track what money is coming in and going out of your firm. It … Continue reading “Accounting for Lawyers: What to look for in a legal bookkeeper”
It’s a good option for accountants, bookkeepers, CFOs, CPAs, and other financial professionals. Naturally, the more features your accounting software offers and the more users it supports, the more expensive your monthly bill will be. Most (though not all) accounting software providers offer multiple plans so growing companies scale up to heftier software plans as … Continue reading “Accounting Payroll Services & Software”
Cash accounting is also beneficial because you can look at your bank balance at any time to understand the amount of money available. Since revenue isn’t recognized until the cash is paid, there are no income taxes until the money is in your bank account. You recognize revenue when cash is received and expenses when … Continue reading “Law Firm Bookkeeping 101”
Buyers and consumers of legal services have become increasingly sophisticated. As part of the selection process, clients now delve deeply into a firm’s experience and expertise, rather than lean on personal relationships. The balance of power between clients and partners has shifted dramatically toward clients. Only a small mistake or duplicated data entry may result … Continue reading “Accounting vs Law: Whats the Difference?”
The IRS requires independent contractors to pay self-employment taxes. Currently, that means you will pay 15.3 percent for social security, 12.4 percent for Medicare, and 2.9 percent for both. The downside is that your employers won’t contribute to your 401(k), workers’ compensation, bonuses, unemployment taxes, payroll taxes, or health insurance (K). The Occupational Safety & … Continue reading “Bookkeeping for Independent Contractors and Small Businesses”
If you’re missing your budgeted numbers, you can reduce expenses, delay one time purchases, increase sales through more aggressive marketing or advertising, or lower your profit expectations. When you know and monitor your numbers, you can quickly see when you’re off target and cut costs or make strategic investments to increase revenue. First, let’s review … Continue reading “Bookkeeping for Solo and Small Law Firms”
These are the Generally Accepted Accounting Principles that are used to standardize accounting practice across the US. GAAP helps provide clear information on your business’s financial health. Every business owner needs to have a structured method of bookkeeping that records the money coming in and going out of the business. This will help you monitor … Continue reading “10 ways to win new clients for your accountancy practice Sage Advice United Kingdom”
Your bookkeeper reconciles your accounts, categorizes your transactions, and produces your financial statements. They also make adjustments to your books to ensure they’re tax-compliant. Occasionally your bookkeeper might need your input on things like categorizing a transaction properly, but we try our best to make bookkeeping as hands-off as possible for you. Additionally, Merritt includes … Continue reading “Small Business Bookkeeping Services”
