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Should You Write Off Your Bad Business Debt to End The Year?

As great as it would be if all customers were honest customers and paid what they owe every time, every once in awhile, you’re bound to run into a bad egg or two. Writing off bad business debts may require changing your business accounting up quite a bit, but in the end, you will likely find it highly useful for balancing income and loss.

May 20, 2020
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8 Most Common Tax Forms Every Taxpayer Should Know

Tax season is rolling around again, and it can be overwhelming if you’re not working with an accountant. While working with a certified and experienced tax professional is always recommended, many people successfully file their tax returns themselves. In Naperville, accounting services by Odoni Partners will help you file on time and get your maximum…

March 22, 2022
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What Does Robot Process Automation Mean To Accounting?

With the emergence of Robot Process Automation (RPA), a slew of questions arise. What is the role of RPA? Can RPA help my small business? Will RPA automate the accounting process to the point that accountants are no longer needed, and people lose their jobs?

April 14, 2020
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Accounting Mistakes That Could Be Limiting Auto Dealership Profits

The auto dealership industry is already a competitive and confusing market to begin with, so it’s even more frustrating when you miss out on hard-earned money you’ve worked for.

January 6, 2021
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The Importance of Having an Operating Agreement

When re-investing, it is wise to find the best tools to get the job done correctly. In order to alleviate some tax liability, implementing cost segregation has the potential to vastly minimize taxes due.

October 1, 2020
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6 Key Financial Ratios Every Startup Should Monitor

The difference between the success and failure of a startup is a clear understanding of business finance. With that in mind, the Odoni Partners team compiled this list of key financial ratios for startups. Read on to learn more about startup accounting. The Key Financial Ratios for Startups Burn Rate This ratio centers on the…

October 26, 2021
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How To Deal With Closing Your Month Remotely

As everyone is trying to learn new ways to manage the COVID-19 effects on their personal and professional lives, many businesses are trying to learn how to navigate monthly closing remotely.

July 17, 2020
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What RE-Investors Need To Know About Cost Segregation

When re-investing, it is wise to find the best tools to get the job done correctly. In order to alleviate some tax liability, implementing cost segregation has the potential to vastly minimize taxes due.

July 29, 2020
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Your Tax Prep 2020 Checklist – For Next Year’s Filing

While there may still be some time before the tax filing deadline of April 15th, it is important to have all of your tax documents in order ahead of time.

December 22, 2020
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Protecting Your Business: How to Detect and Deter Fraud

Never think it can’t happen to you, your business, your store, or your team. Fraud is an insidious crime that will hide in plain sight before entrepreneurs and optimistic C-level executives alike.

July 15, 2021
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