xendoo

JULY 6, 2023

Businesses can take steps to avoid triggering an audit. For example, online bookkeeping and business tax services can file accurate returns, on-time for you so you avoid common audit triggers. Meal, travel, and entertainment expenses The IRS pays close attention to claims for large meal and entertainment deductions.

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Basis 365

MARCH 6, 2022

Entertainment If you're attending a business conference, traveling for business, or entertaining a client, you can use a meal as a business tax write-off. This write-off allows 100% deduction of business-related meals, as long as the meal or a restaurant provides the beverage.

Tax 52

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MyIRSRelief

OCTOBER 16, 2023

Popular Individual Tax Credits 3.2. Lesser-Known Tax Credits Tax Deductions for Businesses 4.1. Business Expense Deductions 4.2. Depreciation Deductions Tax Credits for Businesses 5.1. General Business Tax Credits 5.2. Industry-Specific Tax Credits Maximizing Your Tax Benefits 1.

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MyIRSRelief

APRIL 22, 2024

Victoria Gardens in Rancho Cucamonga is a premier shopping and entertainment destination in the Inland Empire. With a mix of upscale retailers, dining options, and entertainment venues, it’s the perfect place to spend a day indulging in some retail therapy. Victoria Gardens: Shopaholics rejoice!

Tax 130

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Going Concern

JANUARY 19, 2024

Hollywood Oh boy, it turns out that there's a shortage of production accountants in the entertainment industry, which means that there's a great opportunity for people who love crunching numbers and are willing to sell their souls to Hollywood for a paycheck.

Arizona 104

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inDinero Tax Tips

NOVEMBER 15, 2021

After subtracting deductions, you’ll only need to pay taxes for your net revenue. The current business tax rate is 21% at the federal level, plus state corporate taxes that range anywhere from 0-11.5%. Each state has different tax laws , and it’s a good idea for businesses to get advice for tax preparation.

Tax 52

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Accounting Insight

FEBRUARY 1, 2024

A large business tax enquiry / corporate tax enquiry is carried out by HMRC’s ‘Large Business’ directorate and ‘Wealthy & Mid-sized Business Compliance’ directorate. This calls for increased resources being required at the business’ end (i.e. What is a business tax enquiry / hmrc corporate enquiry ?

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ThomsonReuters

JANUARY 9, 2024

Record a net operating loss: C corps are taxed on their income, but if a business’s losses after deductions exceed its income, it is not liable for taxes that year. Software Everything you need from efficient corporate tax preparation software. The post How are C corporations taxed?

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Snyder

DECEMBER 28, 2022

Mixing personal and business deductions. The IRS is on the lookout for taxpayers who try to make deductions for travel, entertainment, or other costs that are personal and not business-related. Don’t try to use hobby expenses to claim a business loss if you don’t want to trigger an IRS tax audit.

audit 98

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Ronika Khanna CPA,CA

FEBRUARY 23, 2023

Probably the most popular question posed to accountants and tax preparers (especially around this time of year) is “what types of expenses are deductible?”. The short answer is that a business expense is considered to be deductible if it has been incurred with the ultimate purpose of earning income.

Tax 52

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Ronika Khanna CPA,CA

APRIL 14, 2022

Unlike a simple personal tax return with no business income, this information is generally not simply provided to you on a tax slip, such as a T4 or T5, but must be compiled and calculated. This is also true for spouses of small business owners who may only have a regular(non small business) tax return.

Tax 52

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