Accounting For Small Business

Accounting for Small Business Small businesses need to have accurate information about the state of their business’ finances in order to be successful. This means that small business will either have to handle all of the accounting themselves or hire a professional accountant to do it for them. The latter is an attractive option as […]

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Research and Development Tax Credit for Startups

Research and Development tax credit is available to every business having qualifying research activities. The number of years in business matters (to calculate base period) but that does not mean startups are not eligible to claim R&D tax credit. In fact, most startups perform quite a bit of research that helps them qualify and benefit […]

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Five Things to Consider Before You Open Up a Business

Opening up a business is a big challenge. It is not an easy path and often includes details that you might not have considered. You need to make sure that you have covered all basics of running a business before opening one. Here you will learn about 5 important things to consider on how to […]

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Could R&D Tax Credit Benefit Your Small Business?

If you are running your business in Texas; in any of the cities namely Austin, Houston, San Antonio, Fort Worth or Dallas, you can check if your business qualifies for the research and development tax credit. You can read on to find out more about this R&D Tax Credit which was added as part of […]

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Fine Print and Accounting for Small Business

These days, managing time and resources effectively is crucial for small business owners. Operating with a smaller staff than larger businesses (sometimes a staff of one), the small business owner is the lynchpin in the company. Responsible for keeping the business afloat, many small business owners juggle multiple roles within the company, from managerial to […]

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Start-up Business – Venture Capital Financing Tips

The number one venture capital financing tip is to know your business. To figure out how much venture capital you’ll be needing for your start up, you need to ask yourself some questions first. What kind of business is yours? Do you want to eventually expand your start-up business into a high-impact, high-profit industry? If […]

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Effective Tax Planning and Management to Avoid Penalties

Effective tax planning and management to avoid penalties seems difficult, but it’s actually as easy as A-B-C – well, actually, D-D-D! While the Three D’s (retirehappy.ca/three-d-s-of-tax-planning/) of tax planning – deduct, differ, and divide – will vary according to your individual and business needs, understanding how these basic investment strategies work will save you time and […]

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Accounting for Small Business Needs

Is Your Business Ready for an Accountant? Many small business owners do as much as they can on their own to save money, especially when the business is young. You’ll often see small business owners handling their own shipping and receiving, cleaning duties, payroll and other financial procedures. Small business owners often attempt to file […]

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R&D Tax Credits – An Underutilized Small Business Tax Benefit

The culture of any business can be very well deciphered from the pattern of expenses that it incur and to make the Research and Development an integral part of any organization it is absolutely mandatory that a company spends effectively in R&D avenues. R&D spending does not always turn out quantifiable results in the short […]

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Avoid these Five Common Mistakes in Small Business Accounting

Being in business for yourself is always a trial and error experience. Some things work and work well, other things are a disaster. You learn, right? One thing you should never mess around with, however, is the business’s finances. It’s important to have a plan and detailed records accounting for every cent of your capital. […]

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Protect the Health of Your Business with Professional Accounting for Small Business

When you are a small business owner, there’s rarely enough time for everything that you need to do. While it might be tempting to try and save money by doing your books on your own or sending it out to an independent local bookkeeper, there are major advantages to sending your receipts to a firm […]

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Recognizing Good Practice in Accounting for Law Firms

Accounting is one of the things that most companies prefer to outsource. It just makes sense. After all, the financial end of your business is so important that it is best to leave it in the hands of the experts. They know the ins and outs of accounting for law firms better than you do, […]

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