income tax 101, income taxes definition, basics, and best practices. filing your personal or professional income taxes in the us can be an overwhelming task. we can make filing this year’s taxes a bit easier for you by explaining basic taxation concepts and terminology—and providing valuable tips to save money when it comes to tax planning. in this course, we cover concepts such as taxable income, tax brackets, average and marginal tax rates, tax withholding, deductions, and credits, and explain the motivation behind federal tax deductions such as mortgages, dependents, and charitable giving. we review the steps involved in filing [More]
Restaurant Bookkeeping Tips and Best Practices Running a restaurant can be an incredibly rewarding job, but it’s also a challenge. One of the more difficult parts, and a key factor in any restaurant’s success or failure, is how well you manage your restaurant’s finances. Restaurant bookkeeping comes with special challenges. Expenses can fluctuate wildly, and your profit margin is often very thin. Here are a few tips for keeping your restaurant’s books running as smoothly as your kitchen. BOOKS IN BALANCE 1299 Fourth Street, Suite 200, San Rafael, CA 94901 1388 Sutter Street, Suite 505, San Francisco, CA 94109 (415) [More]
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The deadline for personal tax filing for 2014 is coming up. This video will review the best tax software for Canadians to use. This video highlights the benefits and downsides of Turbotax, Genutax and Ufile. We help you make educated decisions on which software will be best for you to use to file your taxes. Related Links: Follow us on Twitter – https://twitter.com/Madan_CA Like us on Facebook – https://www.facebook.com/MadanCharteredAccountant Add us on Google Plus – https://plus.google.com/u/1/108551869453511666601/posts Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition [More]
This video explains online bookkeeping tips, and best accounting practices for business. We discuss what cloud computing and accounting software allows you to growth your business and work more productively. This video defines bookkeeping, accounting transactions, and financial statements. The related blog post is here: https://www.accountingaccidentally.com/online-bookkeeping-tips/ Visit Accounting Accidentally to read 300+ blog posts on accounting and finance, and 400+ You Tube videos. Welcome To Accounting Accidentally!
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ookkeeping 101, bookkeeping overview, basics, and best practices. bookkeeping 101, bookkeeping overview, basics, and best practices. accountants use the credits and debits recorded in ledgers or “books” prepared by bookkeepers to create a company’s financial statements. in this course, we walk you through the four key steps in the bookkeeping process: analyzing, recording, summarizing transactions, and preparing financial reports. we explain the components of a journal entry (debits and credits) and the essential questions a bookkeeper/accountant asks in reviewing those transactions. we also explain how accountants translate ledger information into financial statements, and the role of computer programs such as [More]
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bookkeeping 101, bookkeeping overview, basics, and best practices. accountants use the credits and debits recorded in ledgers or “books” prepared by bookkeepers to create a company’s financial statements. in this course, we walk you through the four key steps in the bookkeeping process: analyzing, recording, summarizing transactions, and preparing financial reports. we explain the components of a journal entry (debits and credits) and the essential questions a bookkeeper/accountant asks in reviewing those transactions. we also explain how accountants translate ledger information into financial statements, and the role of computer programs such as quicken in helping businesses manage their accounts. video [More]
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Emily Coltman, FCA does a live Google Hangout to answer questions about Bookkeeping Best Practices. Here are articles and pages mentioned in the Hangout: Fre…
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www.smallbusinessbc.ca Dianne Mueller takes you through her best practice bookkeeping tips for your business: 1 — Be organized – be able to get your hands on your sourced documents at all times. 2- Have an audit trail for every transaction that you post. 3 — Use a computer bookkeeping software. The reports that they provide are very detailed and will give you the information you need to move forward. 4 — Reconcile your bank statements, credit card statements and vendor statements every month. 5 — Comply with all Revenue Canada document retention requirements which is 7 years to keep the [More]