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 ...
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Theladycpa CPA
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
How to record SEP IRA in Quickbook
So i have a client who is LLC not SCorp he purchased SEP IRA. Where in the chart of accounts would that expense that is tax deductible for before it hits his 1040 Tax Return?
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Theladycpa CPA
Hi if your client is an LLC and reports business income and expenses on the Schedule C of 1040, the SEP-IRA contributions should not be recorded on the profit a ... Read more
How to record convenient fee?
Hi,
I have a client that when her customers pay by CC, she charges them 3.5% because her merchant charges her 3%. I am not sure if the way I set it up in the QB is correct. I added a ...
Health insurance directly in the company
I have a client who is going from LLC to Scorp how do I get them onto payroll with Health Benefits?
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Liz King, CPA CPA
Are you trying to get them on a payroll & pick out insurance? Or, are you trying to figure out what can be deducted for tax purposes for salary and benefits ... Read more
Are Golf Course Sponsorships Good for Advertising my accounting business?
If you were asked to pay $395 a year and you can get advertisement is it worth it and would it be a good thing to do? 1st-time business owner here.
I do taxes and other accounting services with 6 years ...
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KYLE FRONK, CPA CPA
I would ask the golf course where they will be displaying your advertisements. Generally speaking, most golfers and members of golf clubs are connected individu ... Read more
How much should a bookkeeper cost?
How much should a bookkeeper cost?
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Theladycpa CPA
Well, that's a loaded question. There are several factors to consider such as experience, credentials, even location. Many bookkeepers charge a flat monthly fee ... Read more
Why cant taxes be better prepared for?
When I am working with clients I often find they are not taking taxes seriously. Meaning they are not planning for them ahead of time in order to be able to pay them at the end of the year even ...
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Theladycpa CPA
Hi there I have been in this profession for over 18 years and I have clients who have been with me for 13 years and still do not review their financials and do ... Read more
Client Reminders
As bookkeepers, we have to remind clients for certain statements and information each month. What are some tips for doing this without sounding pushy or rude?
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Theladycpa CPA
Hi I have found it helpful to create a monthly checklist of items you need and set up an email that is sent out at the start of each month. Now as I'm sure you ... Read more
Legal/professional issues
Recently a client of mine stated her husband and her are getting divorced. They are both partners in one of the businesses I do the books for. As tensions rise, I am in a difficult position ...
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Theladycpa CPA
I often say I am part therapist and part accountant. When you deal so closely with individuals' personal information and financial information you do tend to be ... Read more
How do you store all your clients’ login information securely?
I have over 42 clients and I am trying to come up with a good software that is secure and not costly. I have 5 other people who will need to get into some of the files not all.
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Theladycpa CPA
Hi there are several choices but I use Lastpass. You can store the logins securely with notes and grant access to only those who need access to specific website ... Read more