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what is the best way to partnered with overseas accounting professional?

I am an accounting / Bookkeeping professional working in the US for my US-based clients, Now I want to partner with one of the contractors who I use to outsource my bookkeeping clients. He is an experienced with exceptional qbo ...

Theladycpa CPA

November 20, 2020 | 1 Answers

Hi there, if the bookkeeper is overseas the best option, in my opinion, is to continue as a contractor. Adding him/her as a partner means you are giving equity ... Read more

What is the best way to integrate or connect paypal wiith QBO for shopify?

I recently took a new client who is a Shopify seller, he is using multiple gateways including Shopify payments and Paypal. currently, his Paypal is connected with qbo and creating a mess due to duplicated transactions, I would like to ...

Theladycpa CPA

November 20, 2020 | 2 Answers

Hi there, when you have a client with a large number of transactions running through Paypal I would not advise you to use the QBO to PayPal sync. As you stated ... Read more

What software and accounting method should I use for an Ecommerce business?

I am looking to start a website selling a podcast logo making service using Kartra web builder and sales funnels. I am first going to make an LLC. After that what is the best way to record my ...

Zoey Wen CPA

December 2, 2020 | 1 Answers

Hi there, congratulations on staring your business. There are two types of accounting method, cash and accrual. The simplest method is cash accounting which rec ... Read more

How much taxes do I owe as a freelancer?

I’m a freelancer and I’m trying to figure out how much I owe back in taxes.

Zoey Wen CPA

November 30, 2020 | 1 Answers

Hi there, if you earn over $400 from freelancing activities, you're subject to self-employment taxes. This means you must pay income tax and self-employment tax ... Read more