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21stNovember 2023

CPA vs Accountant: What Is the Difference?

Posted By: sginccpa

Accountancy has been with the business since the ages. Both calculations and mathematical notations are the paradigms of any business. However, modern business has rendered to evolve a specific accountancy branch. Professionals with business calculations are known to be accountants. With a more advanced offshoot in accounting, a CPA came into existence. SG INC CPA… Continue reading CPA vs Accountant: What Is the Difference?

Tax Tips for Small Businesses in the Gig Economy

11thJuly 2023

Accounting

Tax Tips for Small Businesses in the Gig Economy

Posted By: sginccpa

In today’s rapidly evolving economy, the rise of the gig economy has brought about significant changes in the way people work and conduct business. With more individuals embracing freelance work and entrepreneurship, small businesses in the gig economy play a crucial role in the market. However, navigating the tax landscape can be daunting for these… Continue reading Tax Tips for Small Businesses in the Gig Economy

3rdJuly 2023

Accounting

Outsourcing Accounting – Pros and Cons

Posted By: sginccpa

Outsourcing accounting, payroll, and finance functions have become popular choices for businesses aiming to streamline operations and focus on core competencies. This article delves into the world of outsourcing and examines the pros and cons associated with it. Whether you’re a small business owner or part of a large corporation, understanding the potential benefits and… Continue reading Outsourcing Accounting – Pros and Cons

28thJune 2023

Accounting

Choosing the Right Accounting Software for Your Business

Posted By: sginccpa

The Importance of Accounting Software Accounting software plays a crucial role in managing the financial aspects of a business efficiently. From bookkeeping and invoicing to financial reporting and tax compliance, the right accounting software can streamline processes, improve accuracy, and provide valuable insights into your business’s financial health. In this article, we will guide you… Continue reading Choosing the Right Accounting Software for Your Business

28thJune 2023

Audit

Common Payroll Mistakes and How to Avoid Them

Posted By: sginccpa

Payroll processing is an essential task for any business that employs staff. It involves calculating and distributing employee salaries, withholding taxes, and ensuring compliance with various legal requirements. However, mistakes in payroll processing can lead to financial penalties, disgruntled employees, and even legal issues. In this article, we will discuss common payroll mistakes and provide… Continue reading Common Payroll Mistakes and How to Avoid Them

28thJune 2023

Accounting

Best Tax Software for Small Business of March 2023

Posted By: sginccpa

Small businesses may need help understanding the complexities of tax regulations, deductions, and credits when filing their taxes. Fortunately, tax software has developed to make the procedure easier to handle, more precise, and more effective. To assist you in making an informed choice for your business, we will examine the features, advantages, and pricing of… Continue reading Best Tax Software for Small Business of March 2023

28thJune 2023

Accounting

Are Payroll Taxes Changing For 2023 in the U.S.?

Posted By: sginccpa

In 2023, employers and employees must stay informed about changes in payroll taxes. Payroll taxes play a vital role in funding federal programs like Social Security and Medicare and state and local programs such as unemployment insurance and worker’s compensation. This article aims to provide an overview of the key payroll tax changes in the… Continue reading Are Payroll Taxes Changing For 2023 in the U.S.?

Accounts Payable Management: Streamlining Your Financial Processes

22ndJune 2023

Accounting

Accounts Payable Management: Streamlining Your Financial Processes

Posted By: sginccpa

The Importance of Accounts Payable Management Accounts payable is a crucial aspect of every business’s financial operations. It involves managing and tracking the money owed to vendors, suppliers, and service providers for goods or services received. Effectively managing accounts payable not only ensures timely payment to suppliers but also contributes to maintaining positive relationships and… Continue reading Accounts Payable Management: Streamlining Your Financial Processes

20thJune 2023

Taxation

Tax Planning Strategies for Independent Contractors

Posted By: sginccpa

Understanding the Tax Classification of Independent Contractors Independent contractors are typically classified as self-employed individuals. It is crucial to understand the implications of this classification, as it affects the way taxes are calculated and reported. Maintaining Accurate Records of Income and Expenses Keeping detailed records of all income and expenses is vital for accurate tax… Continue reading Tax Planning Strategies for Independent Contractors

Home Based Business Tax Deductions: Maximizing Your Savings

16thJune 2023

Taxation

Home Based Business Tax Deductions: Maximizing Your Savings

Posted By: sginccpa

Are you a proud entrepreneur running a home-based business? If so, you’ll be glad to know that there are numerous tax deductions available to help you maximize your savings. As a savvy business owner, understanding and leveraging these deductions can significantly reduce your tax liability while keeping more money in your pocket. In this article,… Continue reading Home Based Business Tax Deductions: Maximizing Your Savings

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