A bookkeeping company is a business that specializes in maintaining and organizing financial records for other companies or individuals. A bookkeeping company’s specialties include recording transactions, bank reconciliation, and preparing…
Bookkeeping solutions refer to various methods, tools, and software to help businesses manage their financial records, transactions, and reporting. Different options suit different needs of small businesses and growing companies,…
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In Virginia, businesses are required to pay a variety of taxes, including state and local taxes. Virginia business tax includes the following: Sales and use tax: This is a tax…
Outsourced bookkeeping refers to the practice of hiring an outside company or individual to handle the bookkeeping tasks of a business or organization. The bookkeeping process can include recording financial…
Forming an entity is normally a tax-free endeavor. Starting a proprietorship never has any tax consequences. However, contributing noncash assets to a corporation, a partnership, or a limited liability company…
Choosing the right entity type for your new business is an important decision that can affect your personal liability, tax implications, and the ease of conducting business. This article helps…
Learn about meanings of common words in tax and accounting industry. This glossary include definitions of tax and accounting terms used very often. Rental property related tax terms. Direct expenses…
An accounter is a person who provides an account of events according to the dictionary. But most people refer to an accountant when they use the term accounter. Accounters ensure…
Implicit costs are any resources that may be underutilized for generating profit. When a company or business endures operations such as opening new headquarters or taking a loss on earnable…
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