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Bookkeeping

how to get a qualified business income deduction

What is the Qualified Business Income QBI deduction? Upon its enactment in March, the American Rescue Plan Act introduced many new tax changes, some of which retroactively affected 2020 returns. Making the right moves now can help you mitigate any surprises heading into 2022. The deduction depends on the taxpayer’s total taxable income, which includes …

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Accounting Software for Startup Businesses

Its biggest strengths in terms of features are A/P management and project accounting. It took a hit in some areas because of several limitations, including the inability to record POs, customize invoice templates, and manage inventory. These advanced features can be found in other software like QuickBooks Online and Zoho Books. Consider scalability for future …

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