Category: Bookkeeping

Process payroll & offer additional value-added services such as HR & Time for your clients with this wholesale solution for accounting professionals. RUN makes it easier for me to operate my business because it saves me more than 20 hours a month. I don’t have to manually run payroll, calculate taxes or worry about addressing…

Because every business has its own requirements, expenses, and systems in place, the business must carefully assess the benefits of outsourcing, and the type of outsourcing most applicable to the company’s needs. Outsourcing involves transferring specific tasks or functions from within an organization to outside companies or a third-party logistics provider. This article describes the…

In essence, bookkeepers and accountants collaboratively contribute to the comprehensive financial landscape of a business. The cash flow statement is important because the income statement and balance sheet are normally prepared using the accrual method of accounting. Hence the revenues reported on the income statement were earned but the company may not have received the…

Only individuals, qualifying estates, and qualifying revocable trusts that made a section 645 election can actively participate in a rental real estate activity. 1065 federal tax form Estates (other than qualifying estates), trusts (other than qualifying revocable trusts that made a section 645 election), and corporations can’t actively participate. Limited partners can’t actively participate unless…