LyfeAccounting

OCTOBER 21, 2020

So I’d say, learn how to use small business tax deductions to lower your liability. Because you definitely don’t want to spend more in taxes for another year. In these times, whether your business is on the ropes or booming, you want to take advantage of deductions. retirement contributions. health care expenses.

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CPA Practice

APRIL 17, 2023

As a certified public accountant, I’m flattered that we’re consulted for a growing range of business needs, including rising taxes. Dedicated tax-planning services are a must-have for most business owners, as the IRS’s tax codes are bloated with ever-newer reporting requirements.

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MazumaBusinessAccounting

FEBRUARY 1, 2023

Follow these tips and get your small business accounting in order with the right accountant! Overview: What Does a Small Business Accountant Do? With all the help accountants can provide, it’s no wonder why accountants are a business owner’s best friend.

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LyfeAccounting

NOVEMBER 4, 2020

Sole proprietorship small business tax filings are actually the same as single-member LLCs. For tax purposes, there isn’t a difference between the two and they require the same tax forms filed and taxes paid. Form Schedule C is not actually a separate business tax return. Partnerships.

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PYMNTS

DECEMBER 7, 2018

KPMG is taking further steps into the small business financial services world with a new tax and accounting solution for SMBs, the company announced Thursday (Dec. KPMG Spark will deploy technology from Bookly, acquired by KPMG earlier this year, which offers small business accounting solutions.

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Ronika Khanna CPA,CA

DECEMBER 2, 2022

Webforms can also be accessed by going to your CRA business account how to complete the T5 Dividend Declaration Note: The example and calculator below assumes that you are paying income taxes at the small business tax rate i.e. your net profits for tax purposes are less than $500,000.

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Snyder

JANUARY 10, 2023

A business owner must understand how much, on average, business accounting costs. After all, accounting, as an integral part of a business, is something not to put aside. To answer the above question, we’ll need to look at small business accounting as a process.

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MazumaBusinessAccounting

JANUARY 31, 2023

Follow these tips and get your small business accounting in order with the right accountant! Overview: What Does a Small Business Accountant Do? With all the help accountants can provide, it’s no wonder why accountants are a business owner’s best friend.

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Going Concern

OCTOBER 11, 2022

The lack of new entrants comes from two factors: first a nationwide decline in accounting students (none of whom get hired by small firms); and second because small firms charge too little for their services to be able to pay comparable salaries. Educate the media about small business. We aren’t Doctors.

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MazumaBusinessAccounting

AUGUST 12, 2021

However, your city or state may require you to obtain a business license, so be sure to look into the requirements for your specific state. In addition, you will want to register your business name with your state. When it comes to your business taxes, filing is quick and easy. We would love to help.

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xendoo

MAY 26, 2021

You know that filing taxes can be stressful even in the best of times, but as a restaurant owner, tax time can leave you feeling in the weeds because your deductions are exponentially more complex. Deduct Mileage and Business Travel. Do you or any of your employees drive a personal vehicle as part of the business?

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Snyder

JUNE 20, 2022

So for a small business owner, it’s vital to understand accounting so they can understand their business and also be able to communicate with banks and investors. What is small business accounting? Basic steps in accounting for small businesses. Open a business bank account.

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MazumaBusinessAccounting

AUGUST 29, 2022

Do small businesses get tax refunds? It’s one of the most common questions we receive —in the same way that there are many types of taxpayers, you’ll find there are more than a few types of small business tax entities. Which Businesses Are Eligible for Refunds?

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inDinero Tax Tips

OCTOBER 21, 2023

In this case, “ordinary” means an expense that is common in your industry, while a necessary expense is one that you need to run and grow your business effectively. Benefits of Tracking Business Expenses Effectively tracking expenses offers several significant benefits that can impact the overall success of a business.

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MazumaBusinessAccounting

AUGUST 28, 2022

Do small businesses get tax refunds? It’s one of the most common questions we receive —in the same way that there are many types of taxpayers, you’ll find there are more than a few types of small business tax entities. Which Businesses Are Eligible for Refunds?

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LyfeAccounting

APRIL 4, 2021

Now if you have no clue about what estimated tax payments are then here’s our post about estimated quarterly tax payments that you can read next. Business Taxes. In addition to that, of course, if you own a business then your taxes were due on March 15, 2021, and that deadline was not extended.

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LyfeAccounting

MARCH 16, 2021

According to a recent KPMG report , you can take a full deduction for business meals provided by a restaurant. So for those of you filing your business taxes for 2020 , you will not be able to take a full deduction on your tax return. We offer various tax services so be sure to get in touch with us today at 470-240-1437.

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LyfeAccounting

JUNE 17, 2021

Tax Write-offs for LLC. And if you need help with your business taxes , accounting , or financial management , give us a call today. The post LLC Operating Agreement: How to Write One For Your Business appeared first on Small Business Accounting & Finance Blog. Disadvantages of LLC.

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MyIRSRelief

NOVEMBER 19, 2021

That’s why so many people choose to hire a tax preparer/ EA, Attorney, CPA, they don’t want the hassle of doing it themselves, and they trust an expert to handle their business. Tax credits to look out for. Earned Income Tax Credit (EITC). Small-business tax credits.

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xendoo

APRIL 19, 2021

Whether you’re brand new to online retail and trying to decide how to set up your eCommerce business, or you’ve been around a while and simply reached the point where your DIY accounting solution just isn’t cutting it anymore, Xendoo’s innovative suite of business offerings can help you. QuickBooks Online.

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Ronika Khanna CPA,CA

MARCH 24, 2022

It is always better, where it comes to tax deductions in general, to err on the side of conservatism as a tax audit is perhaps similar to a root canal in it's pleasantness. And as always, if there are any doubts it is always best to consult an accountant.

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PYMNTS

OCTOBER 9, 2018

tax reform on the small business community, but so far, small business owners say the overhauls have made little impact on their hiring practices. “We asked, ‘What effect on your hiring plans has the Tax Cuts and Jobs Act had?' It will take some time to understand the true impact of U.S.

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Steve Feinberg

JANUARY 30, 2023

Even after attaining a high degree of competency, building a client base and reliable reputation, and investing in your own company, many HVAC technicians and business owners can be surprised to find they’re still operating at a loss. See related: Small business tax services.

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LyfeAccounting

JANUARY 30, 2021

On the other hand, if you’ve paid very little attention to some of the tax changes or programs then you’ve got a lot to catch up on. Regardless of where you are our team at, LYFE Accounting specializes in business tax returns and we’re ready to help you this year. Advertising and marketing expenses. Contact us today!

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LyfeAccounting

JANUARY 13, 2021

And the best part is, there are several different types of tax deductions. business tax deductions. Because standard deductions and itemized deductions are very straightforward, the remainder of today’s post will be spent on business tax deductions. What are Business Tax Deductions? Contact us here.

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LyfeAccounting

JULY 20, 2021

Additionally, if you plan to have employees you will need an EIN number to file your payroll taxes. But the biggest reason you need an EIN is to file your business taxes. Business credit is calculated based on your companies payment history, negative marks, and business information such as time in business.

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LyfeAccounting

NOVEMBER 9, 2020

So for example, if you were preparing to file a tax return that would report $100,000 in income, then this deduction would reduce your taxable income to $80,000. If applicable, the $20,000 in savings would save you thousands of dollars on your business tax return. Then, we went into the major tax benefits of a LLC.

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LyfeAccounting

DECEMBER 31, 2020

As accountants and business owners ourselves, we know how complicated taxes can get. So, if you’re considering asking for some help concerning your business taxes, then look no further. The post A Quick Guide to Payroll Tax Filings! appeared first on Small Business Accounting & Finance Blog.

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LyfeAccounting

MAY 18, 2021

The first tax mistake that we see new business owners make is not having a separate bank account for just their business. It is so important to do this so you can clearly keep track of all of your business income and expenses. After all, you want to write off as many business tax deductions as possible.

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CPA Practice

NOVEMBER 29, 2023

With more than 20 years of brand-building and marketing experience, Ball brings a deep understanding of the small business accounting landscape and will ensure Bookkeep’s solutions align with the urgent needs of bookkeepers and finance teams. in Economics and Accounting from the University of California, Santa Barbara.

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Snyder

DECEMBER 27, 2022

Remember, this is your business and you can say yes or no to reach a mutually acceptable agreement with your clients. During the busy tax season every accountant has their hands full , so that shouldn’t be discounted. Freelance accountants can search for a job online or they can also let the job find them.

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LyfeAccounting

NOVEMBER 3, 2020

This could be due to poor tax planning, or because they’re missing some of the biggest business tax write-offs. Meanwhile, the top 1% are using the tax law to their advantage to minimize their tax liability, oftentimes leaving us clueless…. So eventually, tax time came and it was time to file his business taxes.

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Nancy McClelland, LLC

JANUARY 15, 2023

As you might imagine, we get quite a few inquiries for tax preparation services, but a) we only do taxes for our small business accounting & bookkeeping clients, and b) we only work with clients in Illinois, Indiana and Wisconsin.

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LyfeAccounting

MAY 3, 2021

We have expert tax consultants , tax planning , and tax preparation services that you can hire for your personal and business taxes. The post Tax Credits vs Tax Deductions: Which One Is Better in 2021? appeared first on Small Business Accounting & Finance Blog.

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LyfeAccounting

NOVEMBER 13, 2020

And if you need help with bookkeeping, accounting, with your business taxes, or need a reliable financial advisor to guide you- then you can count on us for that. The post Bookkeeping vs Accounting: What’s the Difference? appeared first on Small Business Accounting & Finance Blog.

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LyfeAccounting

OCTOBER 27, 2020

By the way, if you want to learn more about small business tax deduction then make sure you read my post here. Step 2: Calculate Your Income Taxes. Here, you want to start multiplying your tax income by tax year’s bracket, which here they are for 2020. With that said, Jimmy’s total taxable income is $57,800.

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LyfeAccounting

APRIL 27, 2021

Well, if you need help with your business tax planning and tax preparation to make sure you’re not paying more than you need to, then get in touch with us today. The post Why a Big Tax Refund is Not a Good Thing appeared first on Small Business Accounting & Finance Blog.

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