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A Guide to Accounts Receivable

admin / Accounting Receivable Outsourcing , Blogs ,

7 Jan 2021

A Guide to Accounts Receivable

Accounts receivable is a term that is unknown to new business owners or for business owners who have switched their accounting methods from cash to accrual basis. In the accounting cycle, a very important role is played by accounts receivable services. Your net income is directly affected by your accounts receivable because account receivable is considered as revenue. But your retained earnings are not affected when...

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Tips to Start Your Year End Tax Planning for Maximum Benefits

admin / Blogs , Quick Tips ,

16 Oct 2020

Tips to Start Your Year End Tax Planning for Maximum Be...

One must pay taxes. However, there is no reason to not put in place strategies and practices that will result in minimum tax incidence. Look at Donald Trump. A billionaire, but the reported taxes he paid were $ 750. The logic is simple. You pay tax money and it goes out of your pocket forever unless you file returns in which you can claim refunds. Most...

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