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How to Keep My New Corporation Out of Trouble?

MyIRSRelief

File All Tax Returns. Even though filing taxes is one of, if not the most important duty of your corporation, it is surprising to realize just how many tax returns are not filed. The reasons are many, but it mostly happens because filing tax returns becomes so routine that it often gets overlooked.

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How Long Does It Take an Accountant to Do Taxes?

xendoo

More complex returns will incur higher fees. Often you may offset the cost of these services with your tax refund if you are eligible for one. If you choose to use a local accounting firm that specializes in tax return preparation, you will pay significantly more. How Much Time Do You Spend Preparing Your Return?

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Friday Footnotes: Remembering Legend Sid Kess; Andersen’s Doing Great; Poland Banned Deloitte From Auditing? | 9.22.23

Going Concern

Both Mendlowitz and his father, also a CPA, attended the CUNY school. Summing up Sid: The ultimate CPA and friend to all [ Journal of Accountancy podcast ] Plenty of CPAs can say they learned something from Sid Kess, who died last week at age 97.

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How Small Business Bookkeeping Solutions Can Make Your Life Easier

xendoo

It is a full service bookkeeping package and includes a business and state tax return. Your plan will include profit and loss statements, balance sheets, monthly trend graphs, a standard chart of accounts, tax returns *, tax consulting* and more. What is the best way for a small business to do bookkeeping?

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How to Change from an LLC to an S Corporation

xendoo

Under “S” corporation status, the small business owner’s income, losses, deductions, and credits “flow through” to you and are reported on your personal tax returns and assessed at your individual income tax rate. You are still required to report the profit on your individual tax return.

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

The IRS taxes corporations as separate legal entities, which opens them up to double taxation. The IRS then taxes them at the corporate income tax rate. Shareholders still must file their personal income tax returns and report the corporate dividends and capital gains they get as part of their taxable income.

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The Best Online Accounting Software for Small Businesses

xendoo

We also keep you IRS compliant and take care of your tax returns. Plus Xendoo’s in-house CPAs prepare and file your business tax returns all under the same roof as Xendoo bookkeepers who are located in the U.S. Tax consulting is also available throughout the year in most plans.