article thumbnail

Why Your Small Business Needs a Certified Public Accountant (Emphasis on the Certified)

Fundera

Day-to-day expenses are the (mostly) the bookkeeper’s domain, while tax returns and long-term financial planning are (mostly) accountant territory. A bookkeeper, if they do their job well, will make the accountant’s life a lot easier by diligently recording the transactions that the accountant will then analyze and report.

article thumbnail

14 Important Business Startup Costs to Calculate Before Opening Up Shop

Fundera

For example, Certified Public Accountants (CPAs) are extremely helpful when setting up your business: They can walk you through all the different legal structures, help you figure out which benefit program to implement for your employees, and make sure you’re complying with all those pesky state and federal regulations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Your Small Business Needs a Certified Public Accountant (Emphasis on the Certified)

Fundera

Day-to-day expenses are the (mostly) the bookkeeper’s domain, while tax returns and long-term financial planning are (mostly) accountant territory. A bookkeeper, if they do their job well, will make the accountant’s life a lot easier by diligently recording the transactions that the accountant will then analyze and report.

article thumbnail

A Comparison of the Top 6 Small Business Accounting Software

Fundera

Manage all your banking transactions and activities : deposits, checks, credit card charges, credits, bank charges, interest, paychecks, online banking, bank reconciliation, etc. Download bank and credit card transactions directly into QuickBooks. Maximize tax deductions. Sync your bank account and apps. Manage payroll.

article thumbnail

Outsourced Accounting: Definition and Guide

NorthOne

This professional service manages your bookkeeping, taxes, payroll, financial reporting, and other accounts payable and accounts receivable functions. A true outsourced accounting firm acts as a collaborative partner. Outsourced accounting can help. Note: this is not simply a bookkeeper for your business.

article thumbnail

How To Do Payroll

Lendio

Step 6: Determine Deductions for Each Employee Next, you will need to determine the number of deductions to take out of each employee’s gross pay. This process can be complicated and may involve both pre-tax and post-tax deductions. It’s critical to get payroll deductions right for each and every employee.

article thumbnail

6 Things to Know About Buy-Sell Agreements

Abrigo

In the absence of an agreement, the remaining owners, company, and departing owner are left not only negotiating the terms of the transaction but also the value of the ownership interest. Tax Considerations The purchase of an ownership interest by either the company or the remaining owners is not tax deductible.