Category : Taxes

Understanding Bookkeeping and Financial Reports When it comes to managing your business’s finances, understanding bookkeeping and financial reports is crucial. Bookkeeping involves keeping your finances organized and managing problems as they arise. The most important financial reports in this process are the profit and loss statement (P&L), cash flow statement, and balance sheet . Profit and ..

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Self-employment comes with its own set of tax responsibilities, from understanding deductions and credits to filing returns correctly. Here are some frequently asked questions (FAQs) and personal taxpayers journey maps to help you navigate the tax landscape as a self-employed individual. FAQs for Self-Employed Individuals Q: What is self-employment tax? A: Self-employment tax is a ..

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NetSuite Bookkeeping Like You’ve Never Seen!   Case Use Case for SIMC LLC Practice for NetSuite Bookkeeping Solutions Delivery Client: A growing e-commerce business with a complex chart of accounts and manual bookkeeping processes. Challenge: The client was struggling to keep up with their bookkeeping, and their financial records were inaccurate and out of date. ..

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