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Articles

April 03, 2023

Charles Lutwidge
What Is The IRS Form 941

What Is The IRS Form 941

Small business owners and HR professionals must comprehend what tax forms to create and strictly adhere to the paperwork guidelines. Such papers are critical to confirm your company upholds the requirements of the actual legislation. One of the most famous types..

Reading Time 4 mins
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Articles

March 29, 2023

Charles Lutwidge
What is a Cost Benefit Analysis?

What is a Cost Benefit Analysis?

Do you doubt whether a particular solution will bring profits to your business? Do you think it is worth trying to get your project to life? Do you want to change your business, promotion, or sales tactic but don’t know how..

Reading Time 8 mins
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Articles

March 28, 2023

Charles Lutwidge
Music Industry Accounting: Key tasks and Principles of Working with Royalties

Music Industry Accounting: Key tasks and Principles of Working with Royalties

Music industry accounting has the same goals as general-purpose one. The essence of financial services is to help talented people with tax preparation, filing reports, liquidating debts, checking agreements, and forecasting the budget. However, creative persons often face non-standard economic challenges,..

Reading Time 5 mins
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Articles

March 27, 2023

Charles Lutwidge
Reasons to Have an Accountant for Self Employed

Reasons to Have an Accountant for Self Employed

Starting your own business or growing self-employed is an exciting stage in life where you can afford flexible working hours and total control over your earnings. However, this freedom comes with specific responsibilities. One of the essential elements of managing a..

Reading Time 5 mins
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Articles

March 22, 2023

Charles Lutwidge
Independent Contractor vs Employee: What Employers Need to Know

Independent Contractor vs Employee: What Employers Need to Know

If you recruit a new specialist, you must correctly choose the status between independent contractor vs. employee. Let’s discuss the dissimilarities between these professionals and why comprehending the specifics of collaborating with them is critical. Mistakes in identifying can become a..

Reading Time 7 mins
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Articles

March 21, 2023

Charles Lutwidge
CFO vs Controller: What Is The Difference?

CFO vs Controller: What Is The Difference?

The economic wealth of a firm is vital to any entrepreneur. Developing a team that may help you make sound business decisions is essential no matter what phase your firm is in. With so many professionals around, including auditors, CPAs, chief..

Reading Time 6 mins
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Articles

March 20, 2023

Charles Lutwidge
What is Hotel Accounting

What is Hotel Accounting

The hospitality business includes various activities related to providing services to tourists and guests, such as transportation, accommodation, recreation, meal and beverage delivery. Like any other area, the hospitality field requires an orderly and transparent accounting of all transactions. While some..

Reading Time 6 mins
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Articles

March 15, 2023

Charles Lutwidge
What is Outsourced Accounting and How Сan It Benefit Your Business?

What is Outsourced Accounting and How Сan It Benefit Your Business?

Today’s entrepreneurs face severe constraints regarding financial accuracy and compliance with the law. Business owners are forced to combine their daily tasks with more complex and time-consuming jobs such as finance, accounting, auditing, and risk management to apply resources efficiently. Many..

Reading Time 4 mins
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Articles

March 14, 2023

Charles Lutwidge
Rental Property Bookkeeping and Accounting: Landlord’s Guide

Rental Property Bookkeeping and Accounting: Landlord’s Guide

Renting out realty is a reliable source of stable revenue. Suppose you are leasing your property to an honest and responsible person. In such a case, it is a great chance to get rid of your mortgage, expand your real estate..

Reading Time 7 mins
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Articles

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