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Results for: Bookkeeping

Personal preference - Benefit of A is person is it is in house/onsite and can deal flex issues also is priced like a FTE which most entrepreneurs find easy to get their head around - Benefit of B is that you get the direct skill set you want if you hire the positions separately which can be impor...

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I did not actually have too much experience with bookkeeping platforms before. But we stick with Xero and there is no reason why I should look for another option.

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NIcole is right. When I first started my business I thought I was saving money by doing my own bookkeeping. It took me much longer than it would take a bookkeeper - all time that I was not spending on marketing or billable activities. And in the end I made errors which made the initial work of ...

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1) Payment distribution. Use a system like Post Affiliate Pro or similar, which allows you to export a .csv file compatible with PayPall "Mass Pay". "Mass Pay" cost $1/batch to process, so your Affiliates won't be charge normal PayPal fees. 2) You must send 1099 Misc forms to all people you pay...

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If your concern is from an ethical standpoint or a concern over a segregation of duties, there is no problem at all having your tax person handling your bookkeeping. The bigger issue is something that few people understand about accountants. There are different specialties within accounting, a...

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If you are early stage then you need two things: an accountant and accounting software. When it comes to finding an accountant, find someone who understands your area of business. Most firms will meet once or twice to get a feel for your needs. In my experience, good accountants will tell you ou...

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Use H&R Block executive tax services. Problems with CPAs. 1) They're expensive. 2) They make many mistakes. 3) Worst, if 1x of their clients gets caught up in some organized criminal activity (accidentally or on purpose), this can trigger a blanked audit of all clients, as the CPA is flagged ...

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