Nishant Sharma

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About Nishant Sharma

Ambit Tax & Accounting Services was established to provide accounting, tax and business advisory services to corporations, small businesses, CPA firms, Restaurants and individuals throughout the US, UK & Canada marketplace. We provide quality service to our clients by staying abreast of accounting and tax law changes and by taking proactive interest in the smooth financial management of your business. At Ambit, we make it our goal to understand the individual needs of every client. We are provide below services: Accounting & Bookkeeping ERTC Payroll Accounts Payable Accounts Receivable Invoice Processing Virtual Assistance Tax Return Financial Reporting

Making Sure Everything Is Accurate with Accounts Payable Audit

Nishant Sharma14 Dec, 2023Business

When you're running a business, it's super important to keep an eye on the money you owe to others. That's where an accounts payable (AP) audit comes in. It's like a financial check-up that makes sure you're paying the right amounts and not falling for any costly mistakes or fraud. Where businesses operate in a highly competitive and regulated environment, ensuring the accuracy of financial records is not just good practice, it's essential for survival.

Understanding Debits and Credits A Comprehensive Guide

Nishant Sharma01 Dec, 2023Finance

Welcome to our comprehensive guide on debits and credits! In this article, we will delve into the intricacies of debits and credits, providing you with a clear understanding of these fundamental concepts in accounting. Whether you are a business owner, a student, or someone interested in expanding your financial knowledge, this guide will equip you with the necessary information to grasp this essential aspect of bookkeeping. So, let's begin! In the world of accounting, debits and credits are the cornerstone of the double-entry bookkeeping system. This system is used to record financial transactions accurately and maintain the balance in the accounting equation. But what exactly are debits and credits?

How to Choose the Right Online Bookkeeping Service for Your Business

Nishant Sharma27 Sep, 2023Business

Managing your business's finances can be a daunting task, especially if you're not a financial expert. That's where online bookkeeping services come in. With so many options available, it can be overwhelming to choose the right one for your business. This guide will help you navigate the key factors to consider when selecting an online bookkeeping service. Determine Your Business Needs. Before choosing an online bookkeeping service, it's important to determine your business needs. Consider the size of your business, the complexity of your financial transactions, and the level of support you require. For example, if you have a small business with simple financial transactions, a basic bookkeeping service may be sufficient. However, if you have a larger business with more complex financial transactions, you may need a more advanced bookkeeping service with additional features and support.

Strategic Tax Planning for Restaurants Maximizing Savings

Nishant Sharma05 Sep, 2023Business

Strategic Tax Planning for Restaurants Hey there, fellow restaurant owner! Are you prepared to dive into the world of strategic tax planning? We know, taxes might not be the most exciting part of running your restaurant, but trust us, they can make a significant difference in your bottom line. In this guide, we'll navigate through the labyrinth of tax planning, simplifying complex concepts and providing practical strategies to ensure you're not leaving money on the table. Whether you're a small caf? or a bustling eatery, these insights will empower you to save more and thrive.

Demystifying Restaurant Tax Reporting A Guide for CPA, Accountants, and Small Business Owners

Nishant Sharma29 Aug, 2023Business

Demystifying Restaurant Tax Reporting Running a restaurant is a labor of love. From crafting delicious menus to providing exceptional service, restaurant owners have their hands full. Amidst all this hustle and bustle, one crucial aspect often gets pushed to the back burner ? tax reporting. In this guide, we'll break down the intricacies of restaurant tax reporting without drowning you in jargon or complex terms. Whether you're a CPA, accountant, or small business owner, we've got you covered with practical insights to simplify restaurant tax reporting.

Restaurant Bookkeeping Tips and Best Practices

Nishant Sharma23 Aug, 2023Finance

Running a successful restaurant requires a delicate balance of culinary expertise and sound financial management. One critical aspect of managing a restaurant's finances effectively is bookkeeping. Proper bookkeeping ensures that you have a clear picture of your restaurant's financial health, enables you to make informed decisions, and helps you stay compliant with tax regulations. In this comprehensive guide, we'll explore essential restaurant bookkeeping tips and best practices to help you streamline your financial processes and take your eatery to new heights.