Adam Hill, author at Online Accounting

Adam Hill started accounting and trading back in 2007. He has achieved quite a lot of success. Now he decided to open his blog. Here he publishes articles on accounting. For any questions of interest, please contact us by e-mail: admin-hill@online-accounting.net

Tips to manage money: 5 Ways to Manage Your Personal Finances

Jul 20, 2023 Bookkeeping by Adam Hill

You can even use automatic transfers to put some of your earnings towards these large expenses without any extra effort. As you apply for large loans such as a mortgage, a small interest rate reduction can save you thousands of dollars. If you are disappointed in your total income, then consider picking up a side
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Tax write off: Credits & Deductions for Individuals Internal Revenue Service

Jul 20, 2023 Bookkeeping by Adam Hill

The IRS Publication 535 provides comprehensive guidance on which business expenses can be written off. If you have an expense that does not fit into a general category, it pays to research if the cost may be deductible for tax purposes. Here’s a list of some of the most common tax deductions for business owners.
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Tax form 1120: About Form 1120, U S. Corporation Income Tax Return Internal Revenue Service

Jul 20, 2023 Bookkeeping by Adam Hill

• If you run your business as a sole proprietorship, or as an LLC and you are the sole owner, you can report your business income and expenses on Schedule C along with your personal income tax return. Form 1120-S is important for S corps because, in addition to reporting income, it also tells the
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Statement of account: What Is an Account Statement?

Jul 20, 2023 Bookkeeping by Adam Hill

This can include online payment accounts such as PayPal, credit card accounts, brokerage accounts, and savings accounts. A statement of account is the documentation of transactions between your small business and each client within a specific time frame. This document is a full overview of the business completed between you and an individual customer, typically
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Starting a bookkeeping business: The Ultimate Guide to Starting a Bookkeeping Business in 2021

Jul 19, 2023 Bookkeeping by Adam Hill

Think about various ways you can reach out to potential clients or get your business in front of them. Every contact with a business owner is an opportunity to land a new client. Think of all you recommend to your clients and implement those same procedures for your business. The tricky aspect of this type
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