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Three Common Accounting Mistakes

By Lisa Girard

Reprinted from Entrepreneur

Common accounting mistakes

Tax time isn't the only time business owners should review their accounting practices. Experts say small-business owners often make seemingly simple accounting mistakes that -- which at their most extreme -- could mean the difference between a good and bad fiscal year. Here are three common missteps entrepreneurs make and the lessons you can learn from them.

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What bookkeeping will look like in 2025!

Digital disruption in bookkeeping industry

I attended a conference the day before and listened to a series of speeches on digital disruption. For those unacquainted with digital disruption, the term basically refers to the change brought about by new digital technologies and business models that are affecting the current value proposition of existing goods and services. 

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Here’s Why You Should Take Notes By Hand (Instead Of With A Laptop)

By Elena Prokopets

Reprinted from Lifehack

Better taking notes by hand.

If you walk into any lecture these days, you see a majority of students staring at their screens. You hear a never-ending chorus of pounding keys. Yes, we live in digital age and I bet you can’t imagine not using your laptop for studying. Yes, laptops enable you to do more academic work and do it more efficiently. You can collaborate more easily on presentations and papers, get instant access to numerous libraries and sources online and take a huge amount of notes as you probably belong to the majority that types faster than they write.

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How to Get the Biggest Tax Deductions from Charitable Donations

By Ken Berry

Reprinted from CPA Practice Advisor

At the end of the year, socially-conscious clients can boost their deductions, and thereby lower their tax bills, by giving a little extra to the charities of their choice. That’s still a sensible tax strategy as 2014 draws to a close. But a recent tax law change may give some upper-income individuals a moment’s pause before they reach into their pockets.

Tax deduction tips for business

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How to Make Your Cash and the Investor's Patience Last Until You're Profitable

By Martin Zwilling

Reprinted from Entrepreneur

Cash flow management for startup

Cashflow is a basic survival metric for every startup. Investors check your burn rate to assess your efficiency, and project your remainingrunway before you run out of money and into a brick wall. Don’t wait until you are almost out of cash before managing every dollar spent, or looking for the next refueling from investors. Desperate entrepreneurs lose their leverage and die young.

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How to Say 'I'm the Best' Without Actually Saying It

By Anna James

Self-promotion is imperative to growing one's brand.

I once introduced a baseball player to a CEO of a large sporting agency. They exchanged their names and little else. Afterwards, I asked the athlete why he didn't mention that he'd been signed twice to minor league organizations, information I believed would have made a real impact during the conversation. The ballplayer shyly explained that it would have been "awkward" to mention his achievements.

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Christmas Message

Christmas Message From Tailored Accounts Team

Tailored Accounts will be closed on Tuesday, 24 December 2013 and re-open on Thursday, 2 January 2014.

We would like to take this opportunity to say thanks to all who have made 2013 a great year for us. We wish you and your family a Merry Christmas and a safe and Happy New Year

Tailored Accounts, bookkeeping firm of Canberra

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