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CPA Insights - Business Tax Tips

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Business Owners: 5 Reasons Why a Licensed CPA is Your Secret Weapon

Running your own business is a lot. You’re the boss, calling the shots and chasing your dreams. That’s where a licensed CPA steps in as your secret weapon.

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The 2024 Guide to Sales Tax for Online Sellers: What Every Business Needs to Know

Sales tax is not a straightforward subject; in fact, it has a lot of moving parts. When it comes to sales tax for online sellers, things can get even more complicated.

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How to Avoid a Tax Audit for Small Business Owners

Small business bookkeeping can be challenging and full of obstacles, but you can increase your chances of avoiding an IRS tax audit by understanding what accounting mistakes generally trigger suspicion and how to avoid them

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What is the NEW FinCEN’s Reporting Rule: Things Your LLC/INC Needs to Know

Starting January 1, 2024, FinCEN’s Beneficial Ownership Information Reporting Rule comes into effect. This rule ensures transparency in business ownership by requiring companies to report key information to the U.S. Government.

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Beyond Automated Bookkeeping: How to get the most of your CPA Accountant

The rise of automation has been a game-changer for many businesses, enabling them to cut costs and streamline operations in 2024. Have you ever considered why your small business needs more than just automated bookkeeping?

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2024 Legal Tax Tips: 5 Ways to Reduce Your Tax Bill

Taxes can be stressful, and it may be tempting to procrastinate—don’t give in to that temptation. By thinking ahead and working with an expert, you can turn the hassle of doing your taxes into an opportunity to keep some of your hard-earned income in your pocket where it belongs.

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Discover 5 Tax Credits Every Small Business Owner Can Claim in 2024

Running a business comes with many financial responsibilities, and paying taxes is a significant one. While it might seem like a hefty expense, with a proper tax strategy, it can also be one of the best ways to save money. Knowing which tax credits your small business can claim could be a game-changer.

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How to Calculate Crypto Income Tax: 2024 IRS Rules

Did you sell or exchange any cryptocurrency during 2023? If so, you must disclose this information when you file your personal taxes this year, and you must pay cryptocurrency taxes.

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What is an S Corporation, C Corp, and LLC: What they are and why they matter in 2024?

There’s a lot of buzz around the S Corporation Election and its implications for businesses. Let’s clear the air and help you make informed decisions. 

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2024 Startup Questions Every Entrepreneur Should Answer

If you’re thinking about becoming an entrepreneur, you might have more questions swirling around in your mind right now than you can count.

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What are the phases of an eCommerce Business? Stage 1 : Profits $100,000 – $500,000

By now, your eCommerce business is likely no longer a side hustle but instead has become a part- or full-time job. And with an increase in sales comes an increase in responsibilities – as well as complexities.

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What are the phases of an eCommerce Business? Stage 1: Profits $ 500,000 – $ 1 million (Part 1)

At this phase in your business growth, take a moment to pause and congratulate yourself. But that’s exactly why it’s crucial to stop and recognize how much hard work you’ve invested in building this company from the ground up.

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What are the phases of an eCommerce Business? Stage 1: Profits $ 500,000 – $ 1 million (Part 2)

This is where you present your current financial state, which helps with securing funding (if needed) and getting that commercial space you’ve had your eye on — because your house simply cannot handle another delivery.

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What are the phases of an eCommerce Business? Stage 3: Profits $ 1 million+ (Part 2)

Expanding into the global marketplace? You’re not alone. Many eCommerce businesses are diving into omnichannel marketing, content personalization, and automation. 

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What are the phases of an eCommerce Business? Stage 1: Profits $ 500,000 – $ 1 million (Part 2)

This is where you present your current financial state, which helps with securing funding (if needed) and getting that commercial space you’ve had your eye on — because your house simply cannot handle another delivery.

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10 Common Mistakes to Avoid when Starting a New Business: For Small Business Owners in 2024

The process of starting a small business can be an arduous one; there are numerous steps that need to be taken — and often in a precise order — to legally establish a business. As a result, the process can be overwhelming. Unfortunately, it’s also easy to overlook some important details and steps along the way.

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