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Finding Your Financial Compass: Why Small Businesses in Los Angeles Thrive with Specialized Tax and Accounting Support

MyIRSRelief

Here’s a glimpse into some of the prominent sectors and the tailored support a specialized tax and accounting firm can offer: Entertainment Industry: From bustling studios in Hollywood to independent production houses, the entertainment industry is a major player in LA.

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Small Businesses Pulled Back on Hiring in June, CBIZ Index Shows

CPA Practice

Small businesses accounted for an increase of 5,000 jobs on a seasonally adjusted, month-over-month basis. The ADP report counts small businesses as companies with 49 or fewer employees, while the CBIZ SBEI uses data from companies with 300 employees or fewer. On a regional level, hiring trends for small businesses were mixed.

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5 Commonly Missed Small Business Tax Deductions

MazumaBusinessAccounting

Here are 5 of the most missed tax deductions for small businesses. Business-Related Meals and Entertainment. Just keeping receipts on a business trip isn’t quite enough. Many don’t keep accurate records and aren’t sure if they can really classify the meetings as “business-related.” Reach out to us today!

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Interesting Niches under a COVID Cloud

BuildYourFirm

In other words, many malls are experiencing major pain, entertainment venues (movies, theater, sports, etc.) Given this evolution during the COVID cloud, below are some niches we are seeing accountants starting to capitalize on. Accounting for Cyber Security and Technology. Accounting for Film Production.

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What Your Financial Reports Really Tell You

MazumaBusinessAccounting

Food & entertainment. Business equipment. Income is simply what money your business generates. Next, are the monthly business expenses. Expenses are any other purchases that you make for your business. These include food, entertainment costs, auto expenses, and marketing costs. Auto expenses.

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Gear Up for the Ultimate Year-End Marketing Showdown – Turning Numbers into Opportunities

CPA Practice

Review what can be repurposed, e.g., 2022 tax prep tips, regulatory changes (hello meals and entertainment deductions), bookkeeping tips, unique tax situations you can highlight, and more. It requires a nominal budget, credit card, and business account. Now’s the time to gear up for your year-end marketing showdown.

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13 Non-deductible Expenses and Other FAQs for Tax Time

inDinero Tax Tips

Nondeductible Entertainment Expenses You may wonder if you can write off entertaining clients as a business expense. Unfortunately, these are nondeductible entertainment expenses. This goes for concert tickets, sporting events, or other forms of entertainment for clients. Personal expenses are not deductible.

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