If it’s a big project, you might not want to have to wait till it’s all completed before you get paid. If you request a deposit or payment in stages, include it in your terms and conditions when you send your quote, so that clients are prepared. You’re a contractor building bespoke wooden cabinets, and […]

Outsourcing accounting functions has become a popular approach for businesses to optimize financial management while simultaneously reducing costs and increasing efficiency. In this section, we will discuss how outsourcing can improve strategic financial management through enhanced budgeting, forecasting, and reporting, as well as financial planning and analysis. By leveraging this expertise, businesses can obtain a […]

All three plans have optional add-ons for an extra cost, such as Payroll from an additional £5 a month. Xero is slightly more expensive than QuickBooks, but it doesn’t have limitations when it comes to users (although the cheaper plan does have some restrictions). You can also cancel anytime with QuickBooks, whereas Xero requires a […]

With the higher-tier QuickBooks plans, you have access to inventory management, billable expenses and project profitability tools, none of which are offered with Wave. Allow your customers to pay your invoices immediately via credit card, secure bank payment (ACH/EFT), or Apple Pay. You’ll both appreciate the speed and convenience. I’m giving one star because ZERO […]

Although CPAs are authorized to provide representation, they are not particularly trained in this area. It’s often not advisable to seek help from a CPA for negotiating a tax settlement with the IRS. For example, an Offer in Compromise can be complicated and is a continuous process. Continuing Professional Development These three professions can represent […]

Follow the project accounting process flow below to track your budget from start to finish. Project accounting is a way to track the costs of each individual deliverable over the course of a project’s lifecycle. It involves elements of financial and management accounting that allow you, as the project manager, to monitor a project’s financial […]

Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any financial institution. Now is your chance to join an exclusive group of outstanding small businesses. Purchasing a semitruck is not cheap, but commercial truck loans can help your trucking or […]

Businesses that spend lots of time in the air will enjoy the travel cashback opportunities with this card. But while the 0% APR intro period is 12 months, you might find yourself struggling to keep up with payments once the higher regular APR kicks in each month. The American Express Blue Cash Preferred® Card is […]

Approaching clients and issues with these values in mind can keep your firm providing quality assistance uniformly regardless of where people work. Starting a virtual bookkeeping business requires strategic planning to attract positive cash flow and garner a dedicated client group. It isn’t hard to start a bookkeeping business if you’re good at handling virtual […]

However, the entry date is needed where the taxpayer is applying for the ITIN as a “resident” for tax purposes. By using the entry date, the IRS can determine if the person passes the Substantial Presence Test for “resident alien” status for tax purposes. ITINs with the middle digits “70,” “71,” “72,” “78,” “79,” and […]