Jude Gomes

18/05/2023

https://www.fiverr.com/s/kGNYNo

For only $15, Safe_keeping will do quickbooks online or xero bookkeeping, accounting and reconciliation. | You are warmly welcome to my accounting and bookkeeping GiG.I am a Certified Accountant & Quickbooks Online Pro Advisor with over 5 years of accounting | Fiverr

28/03/2022

10 bookkeeping tips for small business owners:
✅ Keep business and personal finances separate.
✅ Pay yourself a salary.
✅ Reimburse yourself for expenses.
✅ Track and reimburse business mileage.
✅ Keep your receipts.
✅ Outsource payroll.
✅ Hire a pro to set up your accounting software.
✅ Assign bookkeeping tasks.
✅ Analyze your accounting reports.
✅ Prepare a budget at least quarterly.

20/03/2022

Fixed Assets are Part of Noncurrent Assets Fixed assets are one of several categories of noncurrent assets. Fixed assets are usually reported on the balance sheet as property, plant, and equipment.

Noncurrent or long-term assets consist of the following:
Property, plant, and equipment (fixed assets)
Long-term investments
Intangible assets
Deferred charges and other noncurrent assets

24/02/2022

1099 - Independent Contractor
W2 - Permanent Employee ( Long term commitment)

🔻 IRS Rules

There are 3 rules
⏩ Behavior:
⇒ Type of instruction:
1099 - Requirement
W2 - How to do the work.
⇒ Degree of instruction :
1099 - Requirement
W2- More detailed the instruction
⇒ Evaluation System:
1099 - No performance Review
W2 - Performance Review
⇒ Training
1099 - Bring and train themselves
W2 - You Train

⏩ Financial Control:
⇒ Investment:
1099 - Invest in Themselves
W2 - You invest in them
⇒ Unreimbursed Expense:
1099 - Make expenses you don't payback
W2 - You make the expense
⇒ Profit or loss:
1099 - can lose money for their time
W2 - Always going to earn money for their time
⇒ How someone is paid:
1099 - Will dictate the payment term
W2 - will not dictate the payment term

⏩ Type of relationship:
⇒ Written contracts:
1099 - written contract ( with end dates )
W2 - Written contract ( Rarely has end date )
⇒ Benefits:
1099 - No benefits
W2 - Has benefits
⇒ Permanency of the relationship:
1099 - Nonidentfinate relationship
W2 - Identfinate relationship
⇒ Service Providing:
1099 - Other services
W2 - Provide core service

23/02/2022

Hubdoc is a central way to organize all of a small business’s receipts and documents. You can automatically sync up your financial accounts with Hubdoc, forward invoices from your email, or upload paperwork. Once Hubdoc receives your docs, it will archive them and convert the data into digital-ready files. You can then configure any bills from any account to push to your favorite cloud accounting software, such as QuickBooks Online, Xero.

10/02/2022

04/02/2022

I am a professional accountant and bookkeeper. Also, I am a cloud accounting expert like Quickbooks Online, Xero, Wave, Myob, Freshbook, etc. If you need any help with bookkeeping and accounting service, you can contact me.

For only $5, Safe_keeping will do quickbooks online or xero bookkeeping, accounting and reconciliation. | You are warmly welcome to my accounting and bookkeeping GiG.I am a Certified Accountant & Quickbooks Online Pro Advisor with over 5 years of accounting | Fiverr

02/02/2022

A 1099 form reports certain types of income that a taxpayer has earned throughout the year in the USA. 1099 is important since it's used to record non-employment income earned by a taxpayer. Whether it's cash dividends paid for owning a stock or interest income earned from a bank account, 1099 may be issued.
For more details, You can visit IRS website:
https://lnkd.in/gZWHKcTq

24/01/2022

✅ What is Form W-2?
The IRS requires employers to report wage and salary information for employees on Form W-2. Your W-2 also reports important details about the amount of federal, state, and other taxes withheld from your paycheck as well as other employer fringe benefits like health insurance, adoption, dependent care assistance, health savings account contributions and more. As an employee, the information on your W-2 is extremely important when preparing your tax return. In general, if you worked as an employee in a given year, you should receive a W-2 from your employer near the beginning of the following year. You will also receive a W-2 if your employer withheld any taxes from your paycheck.

✅ Key Takeaways
✔️ Form W-2 provides important tax information from your employer related to earnings, tax withholding, benefits, and more
✔️ Your Form W-2 should be sent by January 31st of each year and be used to prepare your tax return
✔️ The IRS uses W-2s to track employment income you’ve earned during the prior year.
For More Information, You can visit: https://www.irs.gov/forms-pubs/about-form-w-2

20/01/2022

Financial Accounting refers to the Bookkeeping of the Financial transactions by classifying, analyzing, summarizing, and recording financial transactions like Purchase, Sales, Receivables, and Payables and finally preparing the Financial Statements which includes Income Statement, Balance Sheet & Cash Flows. The main objective of financial accounting is to showcase an accurate and fair picture of the financial affairs of the company.
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15/01/2022

If you need any wave accounting & bookkeeping service, you can contact me.
https://www.fiverr.com/share/5711G4

12/01/2022