MazumaBusinessAccounting

JULY 1, 2022

Those that do their taxes for themselves may think nothing of taking on this huge responsibility as a small business owner. Take it from us, though: after a certain amount of progress as a company, doing your own business accounting isn’t likely worth your time, especially if your background isn’t in finance.

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LyfeAccounting

MAY 25, 2021

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. BUT in business, cash can be the difference between starting up or staying in business. So of course, you need cash as a business.

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LyfeAccounting

APRIL 13, 2021

A SEP IRA, which stands for Simplified Employee Pension, is a simple plan that allows employers to contribute to individual retirement accounts. SEP IRAs came about as a way to provide an easy method to set up retirement accounts without all of the start-up and administrative costs of conventional retirement plans.

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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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Reckon

OCTOBER 10, 2023

Since 1995, I have been an independent consultant/analyst working mainly in larger government departments and banks, but I’m now keen to shift gears and work in an ad hoc way for small businesses. I started up a small manufacturing business in the 90’s and I believe with my combined experience, I have plenty to offer in this space.

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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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Snyder

NOVEMBER 17, 2022

Our favorite articles: Accountants Invest in Technology To Keep Up With Mounting Demands and 4 Strategies to Manage AP in a Time of High Inflation. Blog for small businesses accounting and small business owners. Fit Small Business.

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