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Bookkeeping

EXCLUSIVE: ‘Do you really own your home?’ Florida Lt Gov. backs ending property taxes

Other pieces of the measure include permanent exemptions from sales taxes for disaster preparedness items, exemptions on gold bullion and NASCAR tickets and a monthlong back-to-school sales tax holiday. Overhauling the long-established property tax structure as the governor has talked about is a wildcard for cities and counties, said Zemetis. The eventual changes, assuming there […]

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Bookkeeping

4 Best Accounting Software For Auto Repair Shops

Keep an accurate count of your parts and supplies, set up reorder points, and receive alerts when it’s time to restock. This feature not only prevents disruptions in your services but also contributes to cost-effective inventory control. QuickBooks simplifies the complex task of tracking income and expenses for your auto repair shop. Utilize the software […]

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Bookkeeping

Nonresident alien shouldn’t use TurboTax since it is not supporting the required tax return documents for NRA right?

If your spouse is a nonresident alien, you can treat your spouse as a resident alien for tax purposes. If you choose this option, you can file a joint tax return with your spouse and have an increased Standard Deduction. You increase your Standard Deduction, but all your spouse’s worldwide income will be taxed by […]

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Bookkeeping

Is Bookkeeping Hard? + Salary and Skills Needed!

If we were to compare office jobs, then bookkeeping would be high on the list. Bookkeeping is certainly a good job for those who want to work remotely, do a part-time gig or just get started with a little schooling. Bookkeeping stress levels can be hard during busy periods like month-end or year-end close. It […]

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Bookkeeping

Wave Review: Features, Pros And Cons

Just type in your business information, and you’re all set. It also offers multi-business management for no  additional fee. The article kicks off with Wave, but it includes reviews for nine other free bookkeeping programs that you might prefer. If you don’t mind trading a high cost for minimal receipt-scanning features and limited scalability, we […]

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Bookkeeping

Adjusting Journal Entries in Accrual Accounting Types

Bad debts expense is not recorded anymore since it was already recorded in advance on previous periods. Accrued rent income is recognized when the period covered by the rental payment has already passed even if no cash payment was still made by the customer. In this case, rent income was already earned which should trigger […]

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Bookkeeping

Enterprise Payroll System Software

With Workday, no integration is required—your data flows automatically between HR solutions and payroll. When your HCM and payroll are in one place, you can leverage automation to pay people accurately, on time, and compliantly so every pay period is right on the money. Manage your global payroll from one place with real-time integrations for […]

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Bookkeeping

Gross Profit vs Net Profit Formulas and Examples

We’ll talk about the rest of the multiple-step income statement at the end of Module 8. For now, we can use our earlier example of baseball bats to illustrate this simple calculation. A financial operations platform like BILL can help streamline this reporting and analysis process. It’s another measurement of how efficiently a company produces […]

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Bookkeeping

Clarifying Decision Rights with the OVIS Framework

This is so they can steer evaluation to advance their organisational imperatives to widen participation to increase social equity and social mobility and avoid implementing evaluation practices that might impede these goals (e.g. by incentivising deadweight). Simplicity and clarity in decision rights can sometimes prove to be the missing ingredient in an otherwise “stuck” transformation […]

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Bookkeeping

Accountants and Advisors Certified Public Accountants

Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. In fact, KPMG LLP wall street definition and meaning was the first of the Big Four firms to organize itself along the same industry lines as clients. With Practice Forward content, tools and guidance, you can expand […]