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Do I Need an Accountant for My Small Business?

MazumaBusinessAccounting

Why do I need an accountant for my small business? Those that do their taxes for themselves may think nothing of taking on this huge responsibility as a small business owner. The truth is that small mistakes in your finances may cost you a lot in the long run.

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Best Accounting Blogs: Finding a Great Blog for Accountants

Snyder

Accountancy firmly belongs to the financial sector but it also shares a lot of key features with the service industry. No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. So let’s begin our journey to the land of accountancy! Accountants, bookkeepers, and CPA’s.

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Inflation Tax: The Hidden Threat to Your Money in 2021

LyfeAccounting

Now what’s interesting is that most of the free money started hitting people’s accounts in May. So now let’s talk about the things you can do to avoid an inflation tax if you have a business. 5 Tips That Businesses Can Do to Avoid Inflation Tax. So of course, you need cash as a business.

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Tax Credits You May Claim Now

MyIRSRelief

These include credits for charitable giving, education expenses, child care, retirement savings accounts and more and even better these are eligible for individuals and small business. This credit is worth 50% of your startup costs up to $500 per year. Plug-In Electric Drive Vehicle Credit.

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SEP IRA Explained: Huge Tax Savings for Self-Employed Individuals!

LyfeAccounting

The SEP IRA allows business owners to deduct up to $58,000 and put that money towards retirement. This is thousands of dollars more than the $6,000 contribution limit that a standard traditional or Roth IRA account allows you to deduct. While other IRA options do allow you to take loans from your account, a SEP IRA does not.

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From then till now: Harnessing computer expertise to help businesses

Reckon

With decades of project management, process mapping, data analysis, and consulting experience spanning banking, government and the private sector, Michaela is now focused on helping small businesses set up affordable and simple-to-use accounting systems. always moving at a pace which suits them. I thank him for that.

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Top 5 Write Offs for New LLCs in 2021

LyfeAccounting

Start-up and Organizational Costs. When you first start your LLC, there’s a pretty good chance you had some initial investment costs in things like computers, equipment, R&D. You’re able to deduct up to $5,000 in start-up costs in the first year you open your business.

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