Although the expense might seem high, good accountants will be able to save you money in the long run. With their understanding of tax legislation they may be able to reduce your tax bill, perhaps enough to cancel out the cost of your accountant’s bill. One year you might find there’s a big subsidy on […]
Another critical aspect of maintaining accounts for startups is ensuring tax compliance. Being aware of your tax obligations and staying compliant with local, state, and federal tax laws is non-negotiable. Startups should maintain records of deductible expenses, payroll, and sales taxes to avoid legal pitfalls. How can you tell if your accountant is doing cash […]
The best accounting app for photographers is one that anticipates the needs of people, like you, who have a business to run, and who don’t have a lot of time to spend on accounting. It’s one that keeps the accounting terminology simple, provides an easy user interface, and an in-house customer support team that’s ready to […]
Looking up a nonprofit’s Form 990—using services like Guidestar.org—can tell you a lot about its financial state. Xero also excels at accounting basics that can keep your nonprofit’s budget on track, including thorough financial reporting and expense tracking. Its mobile app lets you collaborate on the go, and it integrates with hundreds of third-party apps. […]
In addition to budgeting software, production accountants will often have to know entertainment payroll softwares, like Wrapbook. Technically, a production accountant is an entertainment accountant by nature, but the reality is that there’s a huge variety of accounting jobs in the entertainment industry as it exists today. Statement 53, titled “Financial Reporting by Producers and […]
Are your salespeople making too much for the income they’re bringing in? Without that granularity, you don’t know where to correct,” says Smith. Smith recommends a payroll system that collects accurate data by department because it makes it simple to see how your company is performing. Every tool in Square’s POS is designed to help […]