CentsIQbookkeepingseattlewa.hashnode.dev·8 hours agoUnderstanding the S-Corp Reasonable Compensation Rule: A Simple GuideKey Takeaways Pay Yourself Fairly: The IRS requires S-Corp owners to pay themselves a salary that matches market rates for their role. Avoid Penalties: Failing to follow the rule can lead to IRS audits, back taxes, fines, and even the loss of your ...s-corp
Rohit Bahroonanirohit21star.hashnode.dev·Sep 24, 2024Bookkeeping Mistakes That Are Costing Your Business Money: How to Avoid ThemBookkeeping is the backbone of any business’s financial health. It involves accurately recording all financial transactions, keeping track of income and expenses, and ensuring that your company’s financial records are up to date. However, even minor ...cost saving
Gemma Blackgemmablack.dev·Mar 12, 2024Hledger: Always Strict ModeFor me, Hledger makes double-entry accounting simple. In comparison to other fully-fledged do-it-all applications, being able to type into a plain text file and generate reports, a GUI, balance sheets and income statements is powerful. However, I've ...309 readshledger
Dele Ajayideleajayi.hashnode.dev·Jun 14, 2023Case Study: XYZ - Streamlining Finances for SMEsIntroduction: In the dynamic realm of small and medium-sized enterprises (SMEs), where passion fuels innovation, the maze of financial management often demands a guiding light. XYZ emerges as that guiding light, a groundbreaking mobile app meticulous...SMEs
Natalie Larsonnatalielarson.hashnode.dev·Mar 9, 2023Bookkeeper vs. Accountant: What’s The Difference?Within the constant hustle of running either a small or big business, a not-so-attractive task of expense and accounts tracking is often easy to ignore. This happens until the gong of tax season rings, making businesses keep a hawk’s eye on everythin...35 readsBookKeeping
Mahela PrageethforAizenit Blogsblog.aizenit.com·Feb 23, 2023AI for increasing efficiency in Accounting and Bookkeeping vs Traditional Invoice OCR software: What's the Difference Anyway?From everyday data entry to creation of invoices and updating related financial statements, accounting is a detailed oriented process by its nature. While there have been some decent software solutions from the old days to using Optical Character Rec...5 likes·95 readsArtificial Intelligence
Michel Cartermichelcarter.hashnode.dev·Feb 1, 2023What Does A Virtual CFO Do At Year-end?Around tax season every year, people think, How do Virtual CFOs get busy? However, the truth is that they are not occupied because it is the end of the year; instead, they are busy because clients want to know their final profit as soon as possible s...xero
CarMargretcarmargret1.hashnode.dev·Jan 27, 2023What Does A Virtual CFO Do At Year-end?Around tax season every year, people think, How do Virtual CFOs get busy? However, the truth is that they are not occupied because it is the end of the year; instead, they are busy because clients want to know their final profit as soon as possible s...62 readsBookKeeping
Michel Cartermichelcarter.hashnode.dev·Dec 30, 20224 Different Types Of Payroll Systems You Need To Know!If you're a business owner, handling payroll is just one of those things that you have to do. But if it's your first time or you're not sure how to go about the job, this guide is for you. It'll teach the different types of payroll services Australia...payroll services
Michel Cartermichelcarter.hashnode.dev·Dec 12, 2022Qualities That You Should Look For In Virtual CFO!Hiring a solid virtual CFO is more important now than ever. With the number of companies expanding and the implementation of digital technologies, the talent marketplace is becoming more and more competitive. And with the many job candidates out ther...26 readsBookKeeping
