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Making Tax Digital for ITSA has been delayed, but we’re ready to support you

Xero

HMRC has announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been delayed until April 2026. With small businesses, accountants and bookkeepers facing challenging times, we understand and support the delay from HMRC – giving you more time to prepare. .

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How Should a Small Business Owner Plan for Rising Taxes?

CPA Practice

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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How Much Is a Tax Consultant?

xendoo

A good tax consultant can work with you to ensure that your income is protected from significant taxation as you age. Helping to Mitigate Business Taxes. Business and corporate taxes can be complex, especially if you are the owner of a sizable organization.

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Thomson Reuters Steps Into Mobile SMB Accounting

PYMNTS

Thomson Reuters is stepping into the world of mobile small business accounting with the launch of a new app, OnBalance Express.

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

LyfeAccounting

C-corporations are required to pay corporate tax on the profits of the business. Currently, the corporate tax rate is 21%. Shareholders only pay tax if they receive dividends from the corporation which would be calculated on their individual tax return. Not to be confused with 1120S.

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Tax Season 2021: Prepare Now (Don’t Miss These Deadlines)

LyfeAccounting

Now the biggest tax date we’re likely going to see in 2021 is April 15th because several things are due. Firstly, after you file your partnership, LLC, or S-Corporation tax returns then April 15, 2021 is coming up for you to file your personal tax returns. April 15, 2021. Contact us today!

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Tax Benefits of LLC | LLC Taxes Explained by a CPA – How does a LLC save taxes?

LyfeAccounting

If your tax rate is 25%, then you would only pay $25,000.00 in taxes as a LLC. However, on the other hand, let’s say you’re a C Corporation. If you made $100,000 as a C Corporation, your business would be taxed on that income first. If the corporate tax rate is 20%, then you would pay $20,000 in taxes.

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