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We made it to the end of 2025. Here's to hoping 2026 gives us all a break!
If you need help with your ecommerce accounting, sales tax, inventory management, CFO, or other accounting related issues, let us know. |
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- Understanding Risks in Importing and Exporting
- Mitigating Risks with Letters of Credit
- Practical Scenarios for Using Letters of Credit
- Exploring Trade Financing Mechanisms
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[READ] 20 Tips to Avoid a Tax Audit of Your Small Business Return |
- Be accurate, thorough and neat on your return
- Maintain detailed financial records all year
- Use accounting software with advanced features
- Refrain from rounding numbers
- Explain yourself clearly
- File electronically
- Make your estimated tax payments on time
- Pay reasonable salaries
- File on time
- Beware of your income-to-deduction ratio
- Be wary of taking a home-office deduction
- Only write off eligible travel and meals
- Watch those startup cost deductions
- Don’t mix personal and business deductions
- Make your hobby a true business
- Reconsider your business structure
- Hire a CPA or other tax pro
- Avoid the independent contractor trap
- Don’t “forget” to report income
- Keep up with tax law changes
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We'd love to know what you think about this newsletter. Love it? Hate it? How can we improve it?
Reply to this email and let us know. 😊 |
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You Don't Want to Do Your Accounting... But We Do! |
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Here's how we can help: |
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