Remove business accounting Remove business tax Remove tax consultant
article thumbnail

How Much Is a Tax Consultant?

xendoo

If you own a business or earn a significant income, you may be wondering how to manage your tax situation and how much a tax consultant costs. There is a lot to consider when weighing the costs and benefits of hiring a tax consultant. A tax consultant can help with any of these issues.

article thumbnail

3 Ways the IRS is Making it Easier for Small Business Owners to Do Their Taxes

CPA Practice

“This objective is good news for all taxpayers, but particularly for small businesses, who want to be treated fairly by the IRS but don’t want unresolved tax issues hanging over them like a sword of Damocles,” says Everson, who is now the vice chairman at Alliantgroup, a Houston-based tax consulting firm. “It

Tax 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Small Business Tax Deductions: Pay Less in Taxes with Business Deductions in 2020

LyfeAccounting

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.

article thumbnail

Small Business Tax Filings – Everything You Need to Know to Avoid IRS Penalties!

LyfeAccounting

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. Corporations.

article thumbnail

The Best Online Accounting Software for Small Businesses

xendoo

Additionally, if you wait until tax time to get it together, it can end up giving you a real headache – hiring an accountant at the last minute with books full of errors could cost you more than you set aside in the first place. What does online accounting software do?

article thumbnail

Tax Credits vs Tax Deductions: Which One Is Better in 2021?

LyfeAccounting

But if you have any questions regarding your specific tax situation, give us a call today. 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?

Tax 52
article thumbnail

Copy Amazon’s $0 Tax Strategy! How to Write Off Taxes (Easy Guide)

LyfeAccounting

Business Energy Tax Investment Credit. Here’s a full list of business tax credits from the IRS website. Amazon makes business decisions that will provide them with the biggest tax benefit. How to write off taxes and pay $0.00 Or, you can also talk to one of our tax consultants here.

Tax 52