Fundera

MAY 3, 2016

Well, as SurePayroll reports , approximately 40% of small businesses rack up $845 a year in tax fines, for anything from trying to claim too many deductions to payroll mistakes. Figuring out which expenses are tax-deductible—your car? First, make sure that your accountant is readily available and easy to communicate with.

Small Businesses 72

Small Businesses Deductions Accounting Firms Transactions 72

Fundera

JULY 21, 2018

For example, Certified Public Accountants (CPAs) are extremely helpful when setting up your business: They can walk you through all the different legal structures, help you figure out which benefit program to implement for your employees, and make sure you’re complying with all those pesky state and federal regulations.

Deductions 76

Deductions Small Businesses Credit Scoring Accounting Firms 76

tillful

MAY 10, 2023

If you want to be sure that you make informed financial decisions, it's a smart move to team up with a trusted accounting firm. In that case, you may be able to take advantage of certain deductions and credits not available to sole proprietors. This process can feel overwhelming, especially if you're new to the process.

Accounting Firms 52

Accounting Firms Deductions 52

Fundera

APRIL 11, 2019

If your accountant is willing to lie to the IRS or a financial institution on your behalf, not only are they breaking the law and breaching their code of professional ethics, but they are putting you at risk and should not be trusted. Further, if they are willing to lie on your behalf to others, you can bet they’d be willing to lie to you.

Small Businesses 67

Small Businesses Accounting Firms Deductions 67

Fundera

MARCH 19, 2019

Once your business is formed, Gaddis says an enrolled agent can help explain to you what business expenses are deductible from your taxes. Public and corporate accounting firms, law firms, investment firms, private practices, banks, and state departments of revenue also typically employ enrolled agents.

Credit and Collections 52

Credit and Collections Law Firms Investment Firms Small Businesses 52

Fundera

MAY 25, 2016

Net Profit: Also known as your net income or net earnings—net profit is essentially what’s left over after you deduct your expenses from your total revenue. Cash flow and accounts receivable are rarely any business owner’s favorite topic of conversation. After all, managing money is stressful!

Credit and Collections 71

Credit and Collections Credit Scoring Small Businesses Accounting Firms 71

Fundera

MAY 6, 2019

based Real Business Solutions has offered Payroll Mate as a payroll solution for both small businesses and accounting firms. Additionally, this platform allows you to create customizable income, tax, and deductions categories, to fit your payroll specifically to your business’s needs. Since 2006, U.S.-based

Deductions 40

Deductions Small Businesses Accounting Firms 40

Fundera

AUGUST 21, 2018

From intuitive apps to accounting firms, you’ve got a huge selection of payroll solutions to pick from. . You can set up your payroll system with custom schedules, deductions, and payment types, too. In fact, 1 in 3 business owners have been in this situation. Plus, there’s a guarantee that you won’t pay any late payroll fees.

Small Businesses 75

Small Businesses Deductions Accounting Firms Dashboards 75

Fundera

JANUARY 3, 2017

The one-person, freelancer, contractor or home-based business can get everything they need for their accounting with Simple Start ( $10 per month). This small business accounting software helps you: Separate business and personal finances. Maximize tax deductions. Sync your bank account and apps.

Small Businesses 66

Small Businesses Dashboards Transactions Credit Card Payments 66

Fundera

JANUARY 17, 2019

You can deduct most business losses on your personal tax return. Owners can deduct most business losses on their personal tax returns. C-corporations are eligible for more tax deductions than any other type of business. Owners cannot deduct business losses on their personal tax return. Pros of Sole Proprietorship.

Deductions 100

Deductions Small Businesses Law Firms Accounting Firms 100

Fundera

APRIL 14, 2018

You can deduct most business losses on your personal tax return. Owners can deduct most business losses on their personal tax returns. C-corporations are eligible for more tax deductions than any other type of business. Owners cannot deduct business losses on their personal tax return. Pros of a Sole Proprietorship.

Deductions 76

Deductions Small Businesses Law Firms Credit and Collections 76

Fundera

DECEMBER 12, 2019

A limited liability partnership is a special type of partnership typically reserved for law firms, doctor’s offices, accounting firms, and other professional service businesses. Schedule K-1 lists each partner’s share of the company’s income, losses, credits, and deductions. Any bonuses are deductible.

Deductions 72

Deductions Law Firms Default Credit and Collections 72

Emagia

DECEMBER 23, 2024

Understanding Accounting Outsourcing Accounting outsourcing involves delegating financial and accounting functions to external service providers. This practice enables businesses to focus on core activities while leveraging the expertise of specialized accounting firms.

Accounting Firms 40

Accounting Firms Deductions Transactions Small Businesses 40

Fundera

DECEMBER 20, 2018

This is a special type of partnership typically reserved for law firms, doctor’s offices, accounting firms, and other professional service businesses. Schedule K-1 lists each partner’s share of the company’s income, losses, credits, and deductions. Any bonuses are deductible. Limited Liability Partnership (LLP).

Deductions 56

Deductions Law Firms Default Credit and Collections 56

Fundera

OCTOBER 4, 2018

Wages and salary, including the owner’s salary, are generally considered deductible expenses, so you won’t have to pay taxes on that. Owners of S-corporations and other pass-through entities (like LLCs, sole proprietorships , and partnerships) will be able to deduct 20% of business income on their personal tax returns.

Deductions 76

Deductions Default Small Businesses Accounting Firms 76