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What Does it Mean if a Company is a Partnership? General, Limited Liability & More

When a company enters into a partnership, it is a legal process in which two people or entities will share ownership and operation of a business. This may include only…

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What are the Benefits of New Business Consulting? Expertise, Objective Assessment & More

There is always risk involved in starting a new business. Many people that start a new business aren’t experienced in the business world and underestimate the competitive market that is…

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What is the Major Benefit of a Real-Time Bookkeeping Accounting System for Your Business?

The business world is much different than it was a decade ago. What used to take time can not be done within moments with the technological advances that we all…

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Understanding Capital Accounts; How Do You Record Partner Distributions & Contributions?

It is no secret that bookkeeping is an essential part of owning a business. This helps business owners understand their financial standing and how healthy their business is. It can…

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What is the Difference Between Non-Profit & For-Profit Accounting Services?

For the most part, when someone starts a non-profit organization, it isn’t because they wanted to have a business with endless paperwork to fill out. It is usually to fill…

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QuickBooks Tips for Online Sellers; Calculating Sales Tax & More

There are many people that have found that they can reach a lot of success by selling their products online. There is hardly anything that you could possibly want, that…

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What is the Biggest Benefit of Hiring a Business Consultant? Strategic Planning & More

In today's rapidly evolving business landscape, staying competitive and achieving sustainable growth requires strategic insight, adaptability, and expertise. For many companies, especially small to medium-sized enterprises (SMEs), navigating through complex…

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What is an Advantage of Hiring a Professional to File Your Taxes? Maximize Deductions & More

Tax season can be a stressful time, whether you’re an individual filer or a business owner. With ever-changing tax laws, complex deductions, and the risk of errors, filing taxes on…

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What is the Entry for Writing Off Bad Debt? How to You Claim Bad Debts on Taxes?

Whenever you’re doing business with someone, you expect them to pay you what they owe. However, that isn’t always the way it works in the real world. This can leave…

Continue ReadingWhat is the Entry for Writing Off Bad Debt? How to You Claim Bad Debts on Taxes?

How Do You Consolidate Financial Accounting Statements for Multiple Entities?

If you own a growing business, it can be overwhelming to keep track of financial statements from multiple entities at once. You might find that there comes a time when…

Continue ReadingHow Do You Consolidate Financial Accounting Statements for Multiple Entities?
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