Running a business of any size can be challenging, rewarding, and difficult. As a business owner, there are almost unlimited tasks that you can pay attention to - from making sure your employees are happy and productive to creating new business opportunities. Over time, you may...
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Keeping "the books" for a business used to be a paper-based process, involving a ledger with lots of columns and a pen to record a business' essential financial data. Today, even the smallest business can benefit from small business accounting software products. Of course, choosing...
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Being a member of the American Institute of Certified Public Accountants (AICPA) has many advantages. With over 400,000 members nationwide, the AICPA provides firms and individuals with a strong support network. One of the conditions of being a member is to undergo a peer review...
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With the end of the year quickly approaching, it's time for your business to start planning for 2022. Hiring a CPA for auditing services is an ideal place to begin. A professionally prepared financial audit will look at everything from how much cash your company...
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If you’re a small to medium sized business owner, you’re responsible for just about everything, and everyone, in your operation. The challenge of staying ahead of the curve can sometimes seem overwhelming: meeting with clients, winning new business, managing employees, paying attention to your internal...
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Non-profit organizations are the bloodline of most communities. They can feed the hungry, shelter the homeless, provide for our educators, and so much more. It makes sense then that the government allows non-profit organizations to not pay taxes on most of their endeavors. This is...
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If you find yourself scrambling to gather documents to make deadlines during tax season, then you might want to consider organizing throughout the year to make your life easier. Tax planning should never be a last-minute endeavor, because you might miss something important that could...
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As the economy continues to react to the effects of the continuing Coronavirus pandemic, the federal government has announced the Cost of Living Adjustment (COLA) for Social Security recipients in 2022. The adjustment of 6.2% is a dramatic rise from the Social Security COLA for 2021,...
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Recent changes to the Child Tax Credit, triggered by The American Rescue Plan Act of 2021, was made so low-income families could have easier access to these funds. The refund amount was also increased in an effort to provide more economic relief. In April, President Joe...
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Trying to understand which food, and other goods, is and is not taxed in the state of Maryland can be confusing. You may be wondering what the percentage rate is when it comes to the food (sales and use) tax, and what that tax rate...
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