CPA Practice

OCTOBER 29, 2024

To meet these more complex needs, several new payroll capabilities within QuickBooks Online Payroll are launching: Automated tax withdrawals: When automated taxes are enabled, QuickBooks Online Payroll now calculates and withdraws payroll tax liabilities as they increase, such as at the time of a payroll run, and pays agencies when taxes are due.

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MyIRSRelief

APRIL 29, 2024

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

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MyIRSRelief

MARCH 15, 2023

As a trucker, filing taxes can be a daunting task. The paperwork, deadlines, and complex tax laws can leave you feeling overwhelmed and uncertain about your tax obligations. However, failing to file your taxes can have severe consequences, including back taxes, penalties, and even legal action.

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Basis 365

SEPTEMBER 5, 2023

Bookkeeping is one of these time-consuming yet essential tasks. Outsourced bookkeeping is a great option. You can save time and money by outsourcing your bookkeeping to a professional provider. This blog will cover the top five reasons companies outsource bookkeeping and how they can benefit from the change.

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LyfeAccounting

DECEMBER 7, 2020

?. Today, we’re going to be deep-diving into US payroll taxes. And after helping hundreds of businesses with their accounting and taxes, we know a thing or two about it. Note that for guidance or advice specific to your business, you should consult with a tax or legal professional. Categories of US Payroll Taxes.

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CTP

OCTOBER 28, 2024

In recent years, tax planners have increasingly been recruited to work alongside family offices. Adding a knowledgeable tax planner to their team can greatly increase the value the firm provides its clients. Tax planners should be aware that the smaller the family office is, the more problematic it becomes from a tax perspective.

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MyIRSRelief

MAY 1, 2024

Yet, amidst the excitement lurks a dark alley – the realm of taxes. Navigating complex tax codes, understanding specific forms like 1120, 1120S, and 1065, and ensuring compliance can feel like deciphering ancient scrolls. Here’s where a qualified business tax professional becomes your secret weapon.

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Steve Feinberg

OCTOBER 31, 2022

And while a good landscaper needs to know their tools, clients, and capabilities, running a profitable business requires detailed bookkeeping—a role that not every business owner might feel comfortable stepping into. Let’s take a look at why bookkeeping for landscape business is so important and what owners can do to keep the books balanced.

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MyIRSRelief

SEPTEMBER 20, 2021

IRS – FTB – CDTFA – EDD tax help. . We provide specialized tax & accounting service for individuals and or businesses facing IRS or State tax problems such as: – Back Taxes . – Tax Levy – we release wage and bank levies. – Tax Audits. – Tax Appeal.

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Basis 365

APRIL 13, 2023

One essential aspect of a successful business is bookkeeping, which involves keeping track of financial transactions, managing accounts, and preparing financial statements. That's where outsourced bookkeeping comes in. Outsourcing your bookkeeping frees up precious time to allocate to other important aspects of your business.

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xendoo

JUNE 24, 2021

As a busy restaurateur, it’s easy to push restaurant bookkeeping tasks to the bottom of your priority list. Restaurant bookkeeping is an essential function for businesses large and small, as accurate, reliable numbers are essential for sound decision making. Also, there is the whole matter of taxes to consider. Nail Your Taxes.

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Going Concern

OCTOBER 17, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs.

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Bharmal&Associates

OCTOBER 23, 2020

You likely formed an S corporation to save on self-employment taxes. First, if it’s too low and you get caught by the IRS, you will pay not only income taxes and self-employment taxes on the too-low amount, but also both payroll and income tax penalties that can cost plenty. If so, is your S corporation salary.

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MyIRSRelief

JANUARY 16, 2023

When it comes to tax season, many people are faced with the decision of whether to prepare their own taxes or use an income tax preparation service. While it may seem like an added expense, there are many benefits to using a professional tax preparation service that make it well worth the cost.

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CPA Practice

JULY 12, 2023

Inevitably, your clients with growing businesses will want to hire, so you’ll be better able to help them if you have a clear understanding of the differences between SUI (state unemployment insurance) and SIT (state income tax) and how they affect your clients’ businesses. What is SUI Tax? The federal tax rate is a flat 6%.

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Basis 365

OCTOBER 26, 2022

Organizations can save on taxes by using the Research and Development tax credit. Yet, this is everything you need about the research-and-development tax credit. What's the R&D tax credit for? What's the R&D tax credit for? The R&D credit is a tax incentive for U.S. Eliminate uncertainty.

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xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

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inDinero Tax Tips

JUNE 12, 2023

Future investors or creditors will want to know your financials, not to mention the confusion this will bring come tax time. Claiming Tax Deductions is Harder When running a business, saving the maximum amount of money with tax deductions is vital to maintaining financial health. Proceed with caution.

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Snyder

FEBRUARY 7, 2023

Tax liability is an inevitable part of running a business. Every year business owners have to bear the burden of the tax season, paying taxes for income, payroll, property, sales, and so on. In total, nearly 30% of a business’ income is needed to cover all tax payments. What exactly are tax deductions?

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xendoo

NOVEMBER 22, 2021

Every partnership owner faces the unique challenges of self-payment, tax filing, and maximizing their tax savings. Although they would rather focus on growing their business, taxes and payroll often take up too much of their valuable time. . How Do I Pay My Taxes as a Partnership Owner? No Double Taxation .

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inDinero Tax Tips

JANUARY 16, 2024

Due dates for business taxes can change from year to year based on a variety of factors, including weekends and federal holidays. So, if you’re wondering when are taxes due in 2024, you’re asking the right question at the right time. They represent the filing deadline, the final day for submitting your business tax returns.

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Snyder

OCTOBER 25, 2022

Having been in accounting for the majority of my career, working both in-office and remotely, it’s fair to say that with some help, accountants can begin their own firm and do everything from taxes and payroll to personal finances. Accountants and bookkeepers have a unique relationship with banks.

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Basis 365

MARCH 6, 2023

Are you tired of spending countless hours on bookkeeping, payroll, and tax preparation? In this article, we'll explore the benefits of outsourcing accounting, including outsourced bookkeeping and outsourcing to an accountant. Do you want to focus more on growing your business and achieving your goals?

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Basis 365

AUGUST 30, 2022

Outsourcing accounting services allows you to focus on running your business while letting an expert handle all the bookkeeping details. They'll also help you prepare tax returns and other financial documents. This means you'll save money on payroll taxes and benefits. Why Should You Hire an Outsourced Accountant?

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MazumaBusinessAccounting

AUGUST 29, 2022

In 2021, the average tax refund was $3,039. New small business owners may be hopeful for a tax refund, a small gift to invest back into their operations. Not all types of small businesses can receive tax refunds, however. Do small businesses get tax refunds? Different Types of Taxes Businesses Pay. Small potatoes?

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MazumaBusinessAccounting

AUGUST 28, 2022

In 2021, the average tax refund was $3,039. New small business owners may be hopeful for a tax refund, a small gift to invest back into their operations. Not all types of small businesses can receive tax refunds, however. Do small businesses get tax refunds? Small potatoes? Is yours one of them?

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Going Concern

MAY 23, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

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xendoo

AUGUST 2, 2023

Your business structure impacts your tax savings, accounting practices, and how you pay yourself. Xendoo does online accounting , bookkeeping, and taxes for businesses, so it’s a question we answer frequently. Overall, LLCs have a more flexible structure, while S corps can save money on taxes in the long run.

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MyIRSRelief

APRIL 3, 2023

Here are some ways an accountant can help small business owners: Bookkeeping and Accounting Services: An accountant can assist with bookkeeping and accounting tasks, such as recording transactions, reconciling accounts, and producing financial statements. Contact us today for all you tax and accounting needs.

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SMBAccountant

MAY 17, 2024

It will also have tax implications and different regulatory compliances the business will have to follow. In a lot of cases, you will need to complete tax registration to obtain an Employer Identification Number (EIN) from the IRS. Establish a system for collecting and remitting sales tax if required.

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xendoo

JUNE 30, 2021

As a small business owner, you juggle multiple roles… bookkeeping, human resources, marketing, and all that goes into running your business every day. Xendoo feels your pain, we recognize that bookkeeping and payroll are integral to your company’s operational success and your peace of mind. Many factors go into payroll.

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Shay CPA

DECEMBER 2, 2022

Founders – check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. . R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits?

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Cherry Bekaert

SEPTEMBER 12, 2024

Facilitate Tax Compliance and Due Diligence: Tech companies are also subject to various tax regulations, including income tax, and payroll tax. Proper accounting practices ensure that companies accurately track their tax liabilities and comply with tax regulations.

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Going Concern

SEPTEMBER 12, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs.

Real Estate 59

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xendoo

SEPTEMBER 28, 2021

If you want to make sure that you and your small business are ready for the 2021 tax season, then it is essential to remain well organized throughout the year. Lastly, you need to know about all of the various tax deadlines that might apply to your business throughout the year. Excise Tax. State Income Tax.

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xendoo

NOVEMBER 19, 2020

Here’s how the owner’s salary and taxes are handled for a single-member LLC. Thus you would need to create a separate bank account; use a payroll system; and withhold, report, and submit payroll taxes. Paying Income Tax. The post How Do I Pay Myself and My Taxes as a Single-Member LLC?

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xendoo

DECEMBER 6, 2021

As they juggle increasing sales, customer service, marketing, and even bookkeeping and accounting , two questions come to mind – how do I pay myself? How do I pay my business’s taxes? . That is why the Xendoo team has created this guide to help you navigate self-payment and taxes as a C-Corporation owner!

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