business insurance

Insurance for a Business

Small Business Insurance requirements should be reviewed with your qualified insurance agent to determine the following risk areas: Commercial property insurance General liability insurance Business interruption insurance Crime insurance   The needs of each small business owner will vary between businesses; so it is necessary to get qualified guidance in this area. You should be able to save on premiums if you acquire your insurance coverage from one source. But…

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tax prepatation

INCOME TAX PREPARATION

Income Tax Preparation must be completed accurately in order to prevent reassessments from the tax office as well as minimize your tax burden. If you need a new tax preparer, then checkout the firms advertised on this website. Tax planning will benefit in minimizing taxes especially if a business is associated with the individual taxpayer. For example, it may be feasible to receive dividends, instead of salary from your small…

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start a bookkeeping business

How To Start A Bookkeeping Service

How to start a Bookkeeping service has become                         popular because the business can be a home based and takes little capital to start. You just need bookkeeping clients and a computer along with the know how about bookkeeping. There are hazards you have to watch out for in the bookkeeping business, a few of them are mentioned below:…

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bookkeeper

How to Find a Good Accountant

The best advice I can give as a CPA is to shop around. Your Bookkeeper and Accountant are vital components to your business team and must be competent. A few Key characteristics you will want to look for include the following:   Good References from existing clients Attitude of bookkeeper towards you and the tax office How organized is the bookkeepers office? Are you comfortable with the prospective bookkeeper? Does the…

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home based business

Finding Home Based Business Opportunities

Home based business opportunities are abundant and only need to be examined with the right criteria to find an opportunity that is right for you. Consider the following factors when choosing a home based business opportunity: Is total investment within your available resources Demand for product or service Knowledge and/or passion about product or service Time required to operate home based business Level of computer skills needed Expected return on…

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Famous People Who Studied Accounting

There are many well-known, successful people who are CPAs or started their careers as one. How many do you know? Gibby Haynes, Butthole Surfers band member, was a star   accounting and economics student atTrinity  University inSan Antonio. Chuck “The Iceman” Liddell graduated from Cal   Poly University-San Luis Opispo with a degree in business and accounting.   Chuck has since won an Ultimate Fighting Championship and was a 2009…

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Double Entry Bookkeeping

The accounting records should be kept on a double entry system basis which means that each bookkeeping entry has a debit entry and an equal credit entry. Increases to assets are made with debit entries, while increases to liabilities and equity are made with credit entries. This is the opposite logic used by your banker who calls an increase in your bank account a credit entry. This logic is normal…

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Documents And Information To Take To Your Tax Preparer In USA

The following list of documents needed covers the basic items, additional documents and information will be needed if you had business income and sold a business during the year. You should consult with your accountant in all complex tax situations: Employment information slips Investment information slips for interest, dividends, capital   gains Broker summary information on gains/losses on stock transactions Copy of prior year’s return Dates of birth of spouse…

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Documents And Information To Take To Your Tax Preparer In Canada

The following list of documents needed covers the basic items, additional documents and information will be needed if you had business income and sold a business during the year. You should consult with your accountant in all complex tax situations: Employment information slips Investment information slips for interest, dividends, capital   gains Broker summary information on gains/losses on stock transactions Copy of prior year’s return Dates of birth of spouse…

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Criteria for Finding a New Tax Preparer

Finding a new tax preparer should be undertaken with the following criteria in mind: Check if staff have sufficient training to prepare your returns   properly based on your requirements Tax planning is different than just inputting information into a   tax software program If you have business income, then select a tax preparer with   accounting knowledge as well as tax expertise Check with friends and business associates about…

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Bookkeeping For Small Business

Accurate bookkeeping in Canada as well as bookkeeping in USA for small business is paramount in planning and controlling your operations. A business owner must have the numbers to know what the score is and to see if the sales and profits are within the business plan expectations. You can learn how to look after your own books by taking a bookkeeping course in your area. Also, you could consider…

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Bookkeepers

A Bookkeeper will normally enter the original documents into the accounting records. The accounting records will consist of the following: Cheque register Sales journal Receipts journal Accounts payable ledger Accounts receivable ledger General journal General ledger   The Bookkeeper may also prepare cheques for signature and delivery to payees (creditors). Also, the bookkeeper will perform various office duties as prescribed by his or her supervisor. Computers have made it possible…

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