Staying vigilant in record-keeping and utilizing robust accounting software will be key to ensuring a successful financial future for law firms in 2022. This includes keeping strict records, tracking tax deductions, ensuring correct bank account setup, and choosing the right accounting method to develop a clear bookkeeping system. With the increasing emphasis on technological advancements […]

Let’s break down the IRS requirements for adding dependents to your tax return. Having a nice variety of income types can help diversify your risk and grow your wealth steadily over time. Unearned income is any federal income that comes to you passively, meaning you don’t have to work to earn it. IRS Publication 525 has a […]

For this to be true though, you need to ensure all bill payments made have also been recorded. Operating on a cash basis makes more sense for many small businesses, including small or solo entrepreneur law firms. This is mostly due to the fact that it shows a more accurate depiction of the cash-on-hand. By […]

FlexJobs is a premium (meaning paid) job board centered around remote work in various industries, including accounting and bookkeeping. You can find full-time, part-time and freelance opportunities on the site. Additionally, positions can be in-office or hybrid if you want a location-based role. In general, Accountingfly offers positions for experienced professionals rather than beginners. Ledger […]