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Business

Budgeting And Forecasting-How They Are Different And Why Both Matter?

Most small business owners regard both budgeting and forecasting as the same thing. However, both are different. Irrespective of the size of your business, it is necessary to have an accurate forecast as both these processes enable you to achieve your financial goals. Though both these processes matter a lot, budgeting and forecasting are two […]

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Business

Working Virtually: Data Security Resource Guide for Tax Professionals

Safeguarding taxpayer data is one of the top priorities for the IRS. As more tax professionals are working virtually during COVID-19, the Internal Revenue Service (IRS) and Security Summit partners urged tax professionals across U.S.A. to circulate a written data security plan to safeguard their and clients’ data from cyber intruders. About the Security Summit: […]

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Business

Navigating Financial Plans During the Pandemic

Businesses, professions, jobs & almost all fields around the world are highly impacted during COVID-19 pandemic. The U.S. had experienced millions of job losses, market volatility and in this context, Congress allocated budget, launched various schemes, reliefs and programs to back up businesses and individuals from economic fallout. In this context, AICPA (American Institute of […]

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Business

Learn the Crux of Outsourcing CFO Services

When a company wants to better understand its financial situation, it consults a chief financial officer. And if you own or run a small business, you already understand how valuable Outsourced CFO and Accounting Solutions can be. They manage and control all accounting and financial reporting requirements for most large companies, as well as strategize […]

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Accounting & Bookkeeping

Saying ‘I do’ to Outsourced Accounting and Bookkeeping

“Behind every good business is a great Accountant”. Only a good accountant can aptly display the perfect financial health of your business. Therefore, it is very important to have an expert who can lead your business on the path of success. Throughout the world, accounting services require skills and expertise that cost tons of money […]

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Business

People First Initiative Temporary Relief from Audit and Collection Activities by IRS

Quick Excerpts: Till now, the IRS (Internal Revenue Service) has made all efforts to help taxpayers get through the COVID-19 crisis. People First Initiative is an extensive measure in that direction. The IRS announced the People First Initiative on March 25, 2020. There are some provisions which are outlined here. Some specifics about the IRS’ […]