MazumaBusinessAccounting

JULY 1, 2022

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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Snyder

NOVEMBER 17, 2022

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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LyfeAccounting

APRIL 13, 2021

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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LyfeAccounting

APRIL 15, 2021

This is especially true for small and start-up companies. So, if you need more guidance with your business’ finances, here at LYFE Accounting, we offer financial advisory services as well. Talk to us today to get started!

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LyfeAccounting

APRIL 30, 2021

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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LyfeAccounting

MAY 25, 2021

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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xendoo

APRIL 20, 2021

There are a lot of compelling reasons you need a bookkeeper, and for most small businesses, it’s generally more cost-effective to outsource the accounting and bookkeeping services to professionals like Xendoo that work with small businesses than trying to do it in-house. Choose an Accounting Method.

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