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What Is Excise Tax? All You Need to Know for Tax Season

inDinero

In contrast to sales tax, levied on nearly everything and paid directly by the consumer, excise tax is applied only to certain goods and is paid by the merchant. Although entrepreneurs prefer to focus on generating revenue, excise tax is one of the many details business owners must understand to run a successful operation.

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Expanding Globally: Building Resilient Supply Chains and Hiring Employees (wegginar® 8/2/23)

The Global Small Business Blog

Meet Jessica Wargo Jessica Wargo is a leader within Plante Moran’s international tax services group. Many of her clients are globally active middle-market and family-owned business in the manufacturing, distribution, and services industries. Get your questions ready!

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What Is Deferred Revenue: Accounting Principles and Tax Treatment

inDinero

Deferred revenue refers to when customers pay upfront for products or services they will receive later while your accountant recognizes that income over time rather than all at once. When deferred revenue is recorded, it represents a financial liability on the balance sheet to represent the cost of a service yet to be delivered.

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What Happens if You File Taxes Late

inDinero

Every year, right around the beginning of April, many people ask: “What happens if you file taxes late?” Filing your taxes after the deadline can bring serious consequences, including monetary penalties and the increased risk of an audit. Table of Contents Tax Deadline What Is the Penalty for Filing Taxes Late?

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Understanding the Uses and Limitations of Net Operating Losses

inDinero

If you know how to use net operating losses to your advantage, you can strategically time investments to save money on your taxes. In this guide, we’ll present the rules and limitations of net operating losses and demonstrate how to use them to save money and grow your business. In other words, when a business loses money.

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Bookkeeping vs. Accounting: What’s the Difference?

inDinero

This article will help you decide when and if you need to bring one of these professionals on board in your business. As you scale your business, indinero’s online bookkeeping and accounting services are here to support you. Bookkeepers track and organize business transactions. Accountant?

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The Compliance Conundrum: Simplifying Statutory Compliance for Small Businesses

Paysquare

INTRODUCTION All businesses operating must follow some rules, regulations, or guidelines that the government has set – it is this process of adhering to rules that can be said to be complying with the laws or compliance. Statutory compliance in HR may present many challenges to the business. are included in tax rules.

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