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THE SMART BUSINESS OWNER’S LIST OF TAX DEDUCTIONS

For a business owner, taxes can be overwhelming and cumbersome. Tax deductions allow you to save thousands of dollars each year on your taxes and make tax filing a much more bearable experience. In this post, we'll list some of the tax deductions you can use to...

The Smart Business Owner’s List Of Tax Credits

One of the best ways to cut costs as a business owner is to take advantage of all the tax deductions and tax credits for which you're eligible. As a business owner, you're concerned with the bottom line--increasing your net profits. That probably means you spend most...

PRESS RELEASE: Cassidy Jakovickas, CPA of Fresno, CA Appointed to Intuit’s Accountant Council

Select Panel Advises on Products and Services that Accountants and Their Clients Want Most             FRESNO, CALIFORNIA – June 4, 2019 –Today, Intuit, Inc (Nasdaq: INTU) announced that Cassidy...

Beyond The Numbers: What We’ve Been Reading

Although our team loves using numbers and spreadsheets to help our clients make the best financial decisions, we also enjoy reading great books. Staying well read on both fiction and non-fiction books helps us hone our imagination and introduces us to new, sometimes...

Looking Back At April

It’s hard to believe that we’re at the end of April, but it’s true! This month, we helped our clients wrap up another great (and busy) tax season. There was, as always, a lot of paperwork, emails, and nail-biting involved in the days preceding April 15, but that’s all...

5 Last-Minute Tips For Filing Taxes in 2019

Well, April 15 is almost here, and the tax-related panic is thick. If you haven’t filed your 2018 tax paperwork and are rushing to get your taxes in by the deadline, we’ve decided to give you some last-minute tax advice that will hopefully help ease your stress....

An Introduction To Cybersecurity for Business Owners

Keeping your sensitive business and customer data secure has never been more critical. Whether you are a small business or a national corporation, you can't relax your defenses against those criminals seeking to take advantage of lazy cybersecurity policies. Virtually...

March News Roundup

Wow! It seems like we just started March and we’re already moving into April! As we move into the final stretch of tax season, we’re recapping this month’s news for you, just in case you missed it amid the tax-related hubbub. MBS Accountancy: November Review This...

4 Key Changes To Depreciation Under The TCJA

As the Tax Cuts and Job Act (TCJA) continues to be unraveled by tax professionals, it’s important to review the changes and their implications on business operations and tax strategies. In this article, we’ll highlight TCJA’s changes to first-year bonus depreciation,...

3 Ways A CPA Can Make Your Business Successful

It can often seem unnecessary to hire a certified public accountant (CPA) since bookkeepers and accountants are frequently believed to be the be-all-end-all for a business’ finances. However, there are certain advantages to having a CPA by your side. While we...

Performing your Accounting in the Cloud

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accounting-in-the-cloudTaxes have been around as long as history goes back, and that means that accountants have been around just as long. However, this age-old line of work isn’t quite what it used to be. Even 20 years ago a typical accounting firm would conjure up images of a long line of desks with oversized calculators and receipts flying everywhere. Keeping the books meant literally writing in oversized books that sat atop of hundreds of other well-kept oversized books. When something went wrong, it meant looking through those books and hunting down the human error. When something needed to be done, it meant waiting sometimes weeks for someone to tackle a job properly.

This unlike accounting in the cloud. Our modern age has come with a lot of changes, and the way that we track and manage money was one of recent to make the big jump into the digital era. Now, accounting can be taken care of completely within the cloud.

Cloud defined: Referenced here as the internet where software is delivered as a service like a utility bill i.e. quickbooksonline.

Accounting with Digital Bliss

There are a lot of benefits that come with accounting in the cloud. The biggest benefit has to be enhanced accuracy. Cloud-based accounting services take advantage of the connectivity of the internet to download transactions straight from your banking and credit institutions. Often using predictive algorithms to automatically categorizes your transactions, tremendously reducing your workload.

Another huge benefit of accounting in the cloud is convenience. Rather than having to make an appointment and sit with someone as they pour over receipts, cloud-based accounting services put the power in your own hands to help you take control of your finances. Of course, if you there will be times where you need to talk to an accountant for clarification or help with deciphering your eligibility for a certain deduction. This reduces the fees you have to pay to your accountant, and maximizes your return on the what you do spend. Either way you’ll be able to access them as needed, as you handle all of your business from your computer, tablet or smartphone.

Having this real time access really helps to make the entire process of doing your taxes much easier, faster and will reduce the level of stress on your shoulders. It is a huge adjustment from past eras of accounting services, but it is most definitely where the future of accounting lays. Taking advantage of cloud based services will help you track your tax data year to year, make your information easier to find by storing it online for you and will help you self-manage your tax needs much more efficiently.

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