Are you new to the term 1099-K or are you new to knowing about this type of Form 1099? Well, in any case, there are enough reasons to know about Form 1099-K, especially if you constantly deal in payments through cards or third-party networks. In this article, we have covered the key highlights of 1099-K...
If you are a business owner working with non-employee professionals, independent contractors, or freelancers working in the US, then you must be aware of Form 1099 and its various types. It is a mandatory Form that needs to be filed and used for paying taxes. What is Form 1099? The Form 1099 is a...
Year-end closing is an important activity that is practiced by almost all companies sincerely in order to analyze the company growth as well as cash flows. It is basically an updating of the records and transactions which took place in the fiscal year that needs to be recorded in the books. Same is the case...
With the year-end coming nearby, the yearend financial closures have also gotten the finance and accounting experts on their toes. And if you have an in-house accounting expert who hasn’t prepared for the closures in advance, then you must be going through a stressful period. Everybody is keen on closing their books properly without missing...
Some people start forgetting their expenses by the month end, and so, we can only imagine the mess that year-end accounting closures can create. Although businesses stay prepared in terms of records and reports, keeping them in order can be an issue. So, how about having a checklist you can use while settling your year-long...
Before discussing why outsourcing accounting services is the growth engine for CPA firms, we should have an understanding of what outsourcing is. Outsourcing is hiring a party outside the company to perform services or create goods previously performed in-house by the company’s employees and staff. Outsourcing is a technique that many businesses use to save...
Outsourcing your accounting services is not a new trend, it has been bringing businesses to many firms all across the world. Because who doesn’t like offloading some of their tasks to trusted experts? However, considering that accounting includes sensitive and in-house information of a company, many businesses still hesitate to hire or outsource accounting services....
Bookkeeping software or accounting software seems like an headache, no? Because then it would mean having an accounting expert and that means increases cost, right? Well, it sure feels great to see the cash inflow in your business whether offline or ecommerce. It even looks humane to count the revenue and expenses, but bookkeeping is...
Starting up an Ecommerce Business is already a task that takes up a lot of your time. With additional tasks like accounting and bookkeeping, that too manually, accounting software become important for the ecommerce sellers. Thinking about the accounting software can become scary as it would mean increased cost. However, not all the accounting software...
In an e-commerce business, it becomes difficult to accurately handle your finances if your financial records are not in order. E-commerce accounting helps you keep your receivables and payables under control, along with other things. However, in order to start with it, one must be aware of the various tasks that are performed in ecommerce...
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