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The Importance of Personal Relationships in Advisory Services

Personal relationships are important when you provide traditional accounting services, but they increase in importance by many orders of magnitude when your firm provides advisory services. But how do you build personal relationships with your clients, staff, and vendors? In this article, we will look at a few ways to refocus your staff on the […]

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Business

PPP Loan Forgiveness Over and Above Sigh of Relief

Quick Excerpts of PPP Loan: : On April 3, U.S. Congress launched the Paycheck Protection Program (PPP Loan) with $349 billion in funding for providing relief to small businesses during the coronavirus pandemic. The small businesses including tax-exempt not-for-profits organizations, veteran organization, Tribal Concerns, self-employed individuals, sole proprietorships and independent contractors who were in operation […]

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Business

Is Outsourcing Accounting Services Cost-effective for Nonprofit Organizations?

As your organization attempts to make the most of its resources, you may want to consider outsourcing the tasks that come under your accounting and financial umbrella. But hold for a second: you’ll need to assess the potential benefits and drawbacks first. With PABS Live Nonprofit Webinar, you can discover all your worries about outsourcing your accounting requisites […]

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Business

How do outsourced accounting services help accountants?

Being an owner of a small and medium-size business or a large business enterprise, you will find it challenging to keep your financial books updated. It has a major impact on your business stability and security. Most of the budget planning is based on your financial books, but what if you cannot maintain it accurately? […]

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Business

Know different types of IRS Tax Form 1099

What is Tax Form 1099? Form 1099 is used in the United States to prepare and file for information to report various income types other than wages and salaries. The form is also used to report independent contractors’ payments, rental income, income from interest and dividends, sales proceeds, and other miscellaneous income. How to file […]

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Business

3 claims to make the most out of your Federal Tax Return in 2021?

The outbreak of the pandemic affected the finances of households worldwide in 2020. The deadline for income tax filing in the United States is on April 15, this year. However, as per a survey conducted by the National Association of Tax Professionals amongst tax professionals about the filing season and its deadline: 77% of the […]

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Business

What are the essential types of form for a taxpayer?

Form 1099 is an information return to report incomes, wages, and salaries to filing for a tax return. The form is used to mention payments, including rental income, income from dividends, and interest. There are multiple variants, out of which 1099-NEC (Non-Employee Compensation) is important for an independent contractor. What is a 1099-NEC tax form? […]