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Will Pratt
Jan 183 min read
Expanding Horizons: Accounting Considerations for Adding a Second Business Location
Expanding your business by adding a second location can be a significant milestone that opens up new markets, increases revenue streams,...
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Will Pratt
Jan 113 min read
Accounting Considerations for Business Expansion: Strategies for Financial Success
Expanding your business is an exciting and significant milestone that offers opportunities for growth, increased profitability, and...
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Will Pratt
Jan 43 min read
Side Gigs and Taxes: Essential Accounting Tips for Managing Additional Income Streams
In today's gig economy, many individuals supplement their primary income with side gigs or freelance work to pursue their passions,...
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Will Pratt
Dec 28, 20243 min read
Navigating the Transition: Tips for Changing CPAs with Confidence
Changing CPAs (Certified Public Accountants) can feel like a daunting task for businesses and individuals alike. Whether you're seeking a...
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Will Pratt
Dec 21, 20242 min read
Unlocking Efficiency with QuickBooks Online: A Comprehensive Guide for Small Businesses
Introduction to QuickBooks Online QuickBooks Online is a cloud-based accounting software solution developed by Intuit, designed to help...
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Will Pratt
Dec 14, 20242 min read
Demystifying Depreciation: Understanding Its Importance in Accounting
Depreciation is a fundamental accounting concept that plays a crucial role in accurately reflecting the value of long-term assets over...
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Will Pratt
Dec 7, 20243 min read
Changing Jobs: Financial Considerations and Accounting Tips for a Smooth Transition
Changing jobs is a significant life decision that can have a profound impact on your finances, career trajectory, and overall well-being....
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Will Pratt
Nov 30, 20243 min read
Business Year-End Tasks: Essential Accounting Steps to Wrap Up the Financial Year
As the end of the financial year approaches, small business owners have a unique opportunity to reflect on their business's performance,...
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Will Pratt
Nov 23, 20243 min read
Mastering Bookkeeping: Essential Tips for Small Business Owners
Bookkeeping is the foundation of sound financial management for small businesses. It involves recording and organizing financial...
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Will Pratt
Nov 16, 20243 min read
Hiring Your First Employee: Accounting Considerations for Small Businesses
As your small business grows, the time may come when you need to hire your first employee to help you manage workload and expand...
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Will Pratt
Nov 9, 20243 min read
The Essentials of Payroll Accounting: Managing Employee Compensation with Accuracy and Compliance
Payroll accounting is a critical function for businesses of all sizes, as it involves calculating and disbursing employee compensation...
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Will Pratt
Nov 2, 20243 min read
Tax Considerations for Real Estate Investors
Investing in real estate can be a lucrative strategy for building wealth and generating passive income, but it also comes with various...
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Will Pratt
Oct 26, 20243 min read
Understanding ASC 842: Accounting for Leases
ASC 842, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB), has significantly changed how...
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Will Pratt
Oct 19, 20243 min read
Tax Tips for Freelancers and Independent Contractors
Freelancing and working as an independent contractor offer flexibility and autonomy, but they also come with unique tax responsibilities....
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Will Pratt
Oct 12, 20242 min read
Tax Considerations for High-Net-Worth Individuals
High-net-worth individuals often face complex tax situations that require careful planning and strategic decision-making. From income...
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Will Pratt
Oct 5, 20243 min read
Understanding Tax Filing Requirements for Expatriates
Living and working abroad can be an exciting adventure, but it also comes with unique tax obligations for expatriates. Whether you're a...
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Will Pratt
Sep 28, 20243 min read
Navigating Tax Deductions for Homeowners: Maximizing Savings on Your Property
Owning a home is a significant financial investment, but it also comes with various tax benefits that can help homeowners save money on...
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Will Pratt
Sep 21, 20242 min read
Tax-Efficient Retirement Strategies: Maximizing Savings and Minimizing Liabilities
Planning for retirement is a priority for many individuals, and tax-efficient strategies can play a crucial role in maximizing savings...
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Will Pratt
Sep 14, 20242 min read
The Tax Benefits of Education: Understanding Credits, Deductions, and Savings Plans
Investing in education is not only an investment in yourself or your loved ones' future but can also yield significant tax benefits. From...
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Will Pratt
Sep 7, 20242 min read
Tax Implications of Rental Property Ownership: What Every Landlord Should Know
Owning rental property can be a lucrative investment opportunity, providing a source of passive income and long-term appreciation...
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