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JTC CPAs Blog for Small Business Finance

Bookkeeping Automation: Automating Your Bookkeeping for Improved Efficiency

Introduction Bookkeeping is essential for any business. It helps to track the financial health of the organization, and allows for accurate accounting of income, expenses, and taxes. However, the traditional bookkeeping process can be time consuming and tedious. This is why many businesses are now looking for ways to automate their bookkeeping through bookkeeping automation. In this blog article, we will discuss what automated bookkeeping is, the benefits of using it, and the tools and… Read More »Bookkeeping Automation: Automating Your Bookkeeping for Improved Efficiency

QuickBooks Desktop vs. QuickBooks Online

I. QuickBooks Desktop vs. QuickBooks Online: Introduction QuickBooks is a well-known software that helps small businesses manage their finances. It offers a range of features and functionalities. Some of these features include invoicing, expense tracking, and payroll processing. Further, these features can help business owners stay on top of their finances. However, there are two versions available, QuickBooks Desktop and QuickBooks Online. Thus, choosing the right one can be a challenge. The two versions differ… Read More »QuickBooks Desktop vs. QuickBooks Online

Free Tax Filing: Benefits, Drawbacks & Expert Opinion

It’s that time of year again: tax season. Filing your income tax return can be daunting, especially if it’s your first time. To make navigating the process easier, we’ve compiled a comprehensive guide on free tax filing for your income taxes. I. Free Tax Filing: Introduction Before diving into the more complicated details of filing taxes, let’s take a look at the basics. The Federal Income Tax Return is an annual form that taxpayers use… Read More »Free Tax Filing: Benefits, Drawbacks & Expert Opinion

Accounting Best Practices: Top 10 Ideas for Online Businesses

In the modern age of digital business, accounting practices have become increasingly important. As the world of business transitions to a more online model, it has become even more necessary for entrepreneurs and business owners to remain diligent and knowledgeable when it comes to their financials. Here, we’ll explore the top 10 online business best accounting practices to help you stay on top of your finances. Accounting Best Practices: Tracking Receipts and Expenses We’ll begin… Read More »Accounting Best Practices: Top 10 Ideas for Online Businesses

Crowdfunding Platforms: From Concept to Capital

Crowdfunding is a revolutionary way of raising funds for various projects and business ventures. It involves posting a project or idea on a crowdfunding platform and allowing people to donate money to it. Crowdfunding platforms take a fee for their services and there are various types of crowdfunding such as equity, reward-based and debt-based. With its growing popularity, crowdfunding has become a popular option for businesses looking to raise capital. The estimated total market size… Read More »Crowdfunding Platforms: From Concept to Capital

Bank Reconciliation: Five Ridiculously Simple Steps

Getting your bank accounts in order can be a real chore, but it doesn’t have to be a total drag. You don’t need to be a financial genius to make sure your bank accounts are on the up and up. As you follow these five easy steps for bank reconciliation and it can be just as simple and straightforward. Bank Reconciliation: Introduction We’ll begin by introducing bank reconciliation and why it’s important. Bank reconciliation is… Read More »Bank Reconciliation: Five Ridiculously Simple Steps

Navigating IRS Regulations for Partnership and LLC Losses: A Guide to Tax Planning and Audit Avoidance

IRS, the domain of the tax world, have been on high alert for any suspicious losses claimed by partners and members of LLCs. But don’t worry, just make sure you understand the IRS regulations, and you’ll be good to go… unless you want to be audited, then you’re on your own! Time to brush up on those tax planning strategies, folks. I. Navigating IRS Regulations: Introduction A. An Overview The IRS plays an important role… Read More »Navigating IRS Regulations for Partnership and LLC Losses: A Guide to Tax Planning and Audit Avoidance

Managerial Accounting: A Guide to Unlocking the Power of Better Business Decisions

Don’t let the big, bad world of managerial accounting scare you! It may look complex, but it’s a secret weapon for smart business owners to maximize their money moves. Let’s dive into the fun world of bean-counting and discover its perks, pitfalls, and pro-tips for success. Introduction Let’s start with a definition. Managerial accounting is the process of collecting, interpreting, and analyzing financial data to help business owners understand their goals and make informed decisions.… Read More »Managerial Accounting: A Guide to Unlocking the Power of Better Business Decisions

Maximizing Deductions: A Guide to Gathering Tax Paperwork and Records

Gathering tax paperwork and records is a daunting task for many taxpayers. Every year, taxpayers struggle to keep track of all the necessary documents, invoices, and statements needed to accurately file their taxes. However, the effort is certainly worth the effort in maximizing deductions.. Gathering these documents can help taxpayers avoid missing a deduction or credit, and result in a smoother, more accurate tax filing process. Maximizing Deductions: Introduction When tax season rolls around, gathering… Read More »Maximizing Deductions: A Guide to Gathering Tax Paperwork and Records

Bookkeeping Cleanup: Get on Track

We all know the feeling. You’ve been struggling to stay on top of your bookkeeping, but somehow the task of cleaning it up has been pushed to the side. You know it needs to be done, but it’s a daunting task that you’d rather avoid. We know bookkeeping cleanup is a nasty chore, but it doesn’t have to be a total bummer. Put on some upbeat music and make it a party–just try not to… Read More »Bookkeeping Cleanup: Get on Track

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