Are bookkeeping services taxable in Ohio?
The short answer is: It depends. Ohio sales tax laws on professional services can be complex. Here’s a breakdown to help you determine if your bookkeeping services are taxable: Generally Taxable Bookkeeping Services Data Processing and Software: Bookkeeping that heavily relies on accounting software for recording and analyzing transactions is often considered a taxable “automatic data […]
FTC Accuses H&R Block of Erasing Client Tax Information
The Federal Trade Commission (FTC) has recently filed a complaint against H&R Block (HRB), alleging that the tax preparation company engaged in misleading advertising practices and obstructed customers from accessing more affordable tax filing options. According to the FTC, H&R Block made it challenging for customers to switch from a higher-priced service to a cheaper […]
20 Tax Tips for Freelancers and Gig Workers
As a freelancer or gig worker, taxes can seem complicated. You don’t have an employer withholding taxes for you and you likely have expenses you can deduct. While daunting, a little preparation and knowledge of deductions can save you money and headaches come tax time. In this blog post, we will share 20 tips to […]
Are Bookkeeping Services Taxable in Texas?
Generally, bookkeeping services are taxable in Texas. Here’s why: Taxable Services: Texas imposes sales tax on a wide array of services, including data processing services. Bookkeeping often falls under this category. Exception: A small exception exists if the bookkeeping is an integral part of a larger non-taxable service, such as some aspects of accounting by a CPA firm. Important Considerations […]
15 Bookkeeping Mistakes to Avoid for Accurate Records
Maintaining accurate financial records is critical for any business. However, with the pressures of running a company, it’s easy to make minor bookkeeping mistakes that can turn into major headaches later on. Avoiding common bookkeeping errors will save you time and ensure your records are audit-ready at any time. In those blog posts,we will share 15 […]
Retik Finance (RETIK) Concludes Monumental 2024 Crypto Presale with Over $31 Million Raised from More Than 30,000 Investors
As we progress through the first trimester of 2024, the cryptocurrency industry is witnessing a surge of enthusiasm, largely fueled by the innovative project Retik Finance (RETIK). This revolutionary venture in the realm of decentralized finance (DeFi) has captivated global investors, marking a significant milestone by raising over $31 million from more than 30,000 holders […]
Streamlining Billing with Recurring Invoices in QuickBooks Online
In the realm of business, efficiency and consistency in billing are key to maintaining cash flow and customer relationships. This is where recurring invoices play a crucial role. Recurring invoices are automated billing statements sent to customers for ongoing services or products at regular intervals. QuickBooks Online provides a seamless way to set up and […]
US Legislation Offers Tax Exemption with Advantages for International Transactions
Foreign lenders and US borrowers have the opportunity to take advantage of a significant tax exemption under the US tax code, though it requires careful navigation of its complex rules. In the US, a 30% withholding tax is normally applied to interest payments from US borrowers to foreign lenders. This means the borrower must withhold […]
Strata Obtains $559 Million in Financing for 1GWh Battery Energy Storage Project in Arizona
Strata Clean Energy, a developer-operator, has recently finalized a significant financing deal worth $559 million for its Scatter Wash BESS project in Arizona, USA. This project, which began construction last month, features a substantial 255MW/1,020MWh battery energy storage system (BESS) located near Phoenix. The funding package includes both debt and tax equity investment. Prominent financial […]
Mastering Journal Entries in Accounting
Journal entries are the cornerstone of the accounting system in any business, acting as the foundational records for all financial transactions. Understanding how to create and manage these entries is crucial for maintaining accurate financial records. In this article, we’ll explore the basics of journal entries and how to create them, especially focusing on their […]