Freedom Folio

QuickBooks for Small Businesses: Everything You Need to Know

QuickBooks for Small Businesses

Introduction QuickBooks allows you to track financial functions like income, expense, income, and employee expense in real-time. It also makes tax obligations hassle-free. And makes you free of financial worries  Furthermore, this blog will explore Quickbooks for Small Business, QuickBook Guide, QuickBook Tutorial, and Small Business Accounting Software. What is QuickBooks, and Why Is It […]

Payroll Services and Their Importance

Payroll services play a crucial role in payroll management, especially in complex environments where tax, statutory complaints, and third-party involvement are involved. These services help minimize errors, ensure accurate processing, safeguard businesses from legal issues, and enhance employee satisfaction. This blog will explore the best payroll services and delve into online payroll services and payroll […]

A Comprehensive Guide to Bookkeeping for Small Businesses

Bookkeeping Guide

Introduction Bookkeeping plays an essential role in the smooth functioning of a business. This involves recording day-to-day transactions and reporting organizations’ financial information. However, this is different from accounting, which helps establish a business’s financial position and make decisions on it. Furthermore, this article will cover bookkeeping guide and simple bookkeeping tips and basics. Why […]

Top Financial Accounting Practices for Small Businesses

Managerial Accounting

Accounting is an essential part of small business, which implements systems and practices for keeping track of expenses and revenue, which is a key for managing cash flow. Moreover, By implementing financial accounting practices, you can keep track of all the financial records required for taxes and finances. Furthermore, this blog will cover financial accounting […]

All you need to know on Real Estate Taxation 

Introduction Real estate taxation is the tax levied on gain from the sale of a property. Which is a capital asset gained from the sale of a capital asset called capital gains. However, A tax on real estate helps the owners to manage properties efficiently and guards their investments. Furthermore, This helps in maintaining and […]

Understanding IRS Issues and Notices

Introduction IRS plays an essential role in the government of India performing different roles in every sector. In administration, the IRS issues direct taxes which are formulated to implement policies and functions of investigators. IRS issues to help complaints of taxpayers with tax laws whereas, ensuring the minority unwilling to pay must pay their share […]

Everything about bookkeeping services

Introduction to the concept of bookkeeping The process of systematically recording, organizing, and maintaining the financial transactions of a business is called bookkeeping. Bookkeeping is crucial for several reasons as it involves tracking all income, expenses, and liabilities ensuring that the financial records are up to date and accurate. Moreover, Bookkeeping services involve recording and […]

Tax Strategies for Financial Stability and Growth

Introduction Tax planning is an essential tool to maximize savings in India. To maximize wealth and achieve goals related to finance by minimizing liability. Moreover, With the right tax strategies businessmen can reduce the tax burden increasing  the cash flow and wealth over time  Tax strategies are a plan for reducing taxes regardless of business […]

Limited Partners and Self-Employment Taxes

Self-employment taxes are substantial, and most people want to minimize them. Self-employed taxpayers often avoid self-employment taxes by operating as an S corporation. The distributions from the S corporation are not subject to self-employment tax. But Social Security and Medicare tax must be paid on the shareholders’ employee compensation (which must be reasonable based on […]

Solutions For Payroll You Need

Introduction Payroll refers to a system or software for managing, maintaining, and automating payments. Properly maintained robust systems and integrated systems solutions help organizations of all sizes adhere to tax laws and financial guidelines and reduce costs. How does payroll work? Payroll consists of core business systems that make sure the employee receives on-time compensation. […]