LyfeAccounting

FEBRUARY 14, 2021

And by the way, an accountant is someone who is responsible for recording and interpreting financial information. CPAs are in the top-tier of accountants. There is no higher designation in the finance or accounting industry than the CPA license. And for a lot of people with very simple finances, that’s completely fine.

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LyfeAccounting

MARCH 16, 2021

Remember, if you need more guidance with your business tax preparation , tax planning , or tax filing, LYFE Accounting got you covered. We offer various tax services so be sure to get in touch with us today at 470-240-1437. The post NEW Tax Deduction: Business Meals are 100% Deductible in 2021!

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xendoo

MARCH 18, 2021

Accountant? Which one does your business need, or does it need all three of them? Staying on top of your business’s finances is key for a small business owner, but you may need more than day-to-day bookkeeping. CPA act as consultants on many issues, including taxes and accounting. Bookkeeper?

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LyfeAccounting

MAY 24, 2021

And there are more aggressive thoughts that want the tax credits to continue indefinitely. Can You Opt-out Of The Monthly Child Tax Credits? How Does It Affect Your Tax Planning? Now as we touched on earlier, we can’t forget that these are tax credits. Contact us today!

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LyfeAccounting

MAY 21, 2021

What if we told you that every year LLC owners overpay on their taxes. Some fail to tax plan but most simply miss out on the biggest tax write offs for LLC businesses. So keep on reading, because today, we’re going to reveal the biggest tax write offs for LLC businesses that you can take advantage of.

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LyfeAccounting

OCTOBER 23, 2020

In fact, as a CPA, I’ve helped businesses and individuals save on their taxes through tax planning. With tax planning, I go over the ins and outs of a taxpayer’s situation. I review all sources of income and major life circumstances, and come up with legal ways to save them thousands in taxes.

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LyfeAccounting

JUNE 9, 2021

If you want more tips on how to save on your taxes, then go ahead and subscribe to our newsletter. Or, you could also seek the help of professionals for your tax planning , tax preparation , and even for tax resolution needs. Talk to us today!

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LyfeAccounting

APRIL 27, 2021

Based on the average financing rate of a vehicle, which is 5%, you just paid $175 more in interest on your car payments. Other Reasons for Tax Refunds. Well, if you need help with your business tax planning and tax preparation to make sure you’re not paying more than you need to, then get in touch with us today.

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LyfeAccounting

NOVEMBER 9, 2020

However, if your business earns over a reasonable salary for your own work, then electing to file as a S-Corporation may be worth considering. Again, this is simplified information, but if you want to weigh the pros and cons of this, you can contact us to create a custom tax plan for you. Tax Benefit #3: Tax Write-Offs.

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LyfeAccounting

APRIL 30, 2021

You can be taxed as a sole proprietor which is usually the default and results in a lot of SE taxes. You can be taxed as an S-Corporation or even a C-Corporation as well. Electing to be taxed as an S-Corporation, is not exactly a tax write off, but it is a tax planning strategy.

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LyfeAccounting

MARCH 10, 2021

CPAs are best at providing… almost ALL accounting services, Seriously, CPAs were tested on all facets of accounting including: bookkeeping , tax preparation , tax planning , budgeting, pricing, …and even more technical stuff that we’re sure you’re not interested in. The post What are CPA Services?

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LyfeAccounting

OCTOBER 28, 2020

As you can probably tell from the title – 5 year end tax tips, in today’s post, I’ll be going over tax tips and specifically year-end tax tips that will save you on your tax bill! Now I know the pure thought of taxes is not exactly fun. Won’t I just end up paying tax on it later?”.

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LyfeAccounting

MAY 3, 2021

But if you have any questions regarding your specific tax situation, give us a call today. We have expert tax consultants , tax planning , and tax preparation services that you can hire for your personal and business taxes. The post Tax Credits vs Tax Deductions: Which One Is Better in 2021?

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LyfeAccounting

JULY 2, 2021

Here at LYFE, we offer tax preparation , tax planning , and tax resolution services to help you with your taxes. The post Reasons Why Your Tax Refund is Delayed: Why You’re Still Waiting + What To Do Next appeared first on Small Business Accounting & Finance Blog.

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LyfeAccounting

JUNE 17, 2021

So we hope this was a helpful child tax credit portal update for everyone. Again, for your tax planning , tax preparation , and tax resolution needs, our LYFE savers are always ready to help. Simply contact us today!

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LyfeAccounting

MAY 13, 2021

And if you want to save more on your taxes, we have just the perfect solution for you – our tax planning and tax preparation services! The post How to Avoid the Capital Gains Tax on Real Estate Home Sales appeared first on Small Business Accounting & Finance Blog.

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LyfeAccounting

OCTOBER 29, 2020

And if you need any help with your tax preparation , tax planning , or if you want to consult a tax expert , our team here in LYFE Accounting got your back. The post Tax on Stocks (The $$$ saving TRUTH REVEALED) appeared first on Small Business Accounting & Finance Blog.

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LyfeAccounting

MAY 18, 2021

More importantly, for you as the business owner, it would be nearly impossible to know where your business stands financially without segmenting your business and personal finances. You can open a business account at any major banking institution. Schedule a meeting with us today!

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LyfeAccounting

NOVEMBER 17, 2020

The extra cost is well worth it, if you’re avoiding big tax penalties that come with missed deadlines. #3 3 Tax Plan. As a business owner, there are ways to minimize your overall tax liability. Businesses must pay all taxes, and employees pay all taxes except unemployment taxes.

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LyfeAccounting

JANUARY 14, 2021

The easiest way to calculate your estimated taxes is to divide your tax liability from the previous year by four – something a tax professional would do for you. Now if you’re considering outsourcing your tax planning or tax preparation needs, you’re in the right place! Let us help you too!

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LyfeAccounting

DECEMBER 7, 2020

We provide a number of financial solutions to businesses like yours- from tax preparation , to tax planning , to accounting , to bookkeeping , and to CFO services , we’re here to help! Contact us now at 470-240-1437.

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LyfeAccounting

SEPTEMBER 15, 2020

Whereas in LLCs or partnerships, the government does collect “medicare and social security taxes” hypothetically, through the self-employment tax. As you can see, your entity structure largely determines your overall tax liability, and if you need help navigating this, then we’d be happy to help you craft a tax plan.

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LyfeAccounting

APRIL 28, 2021

And if want real savings from your taxes, our tax planning , and tax preparation services is just what you need. The post Vehicle Tax Deduction: 8 Cars You Can Get Basically for Free appeared first on Small Business Accounting & Finance Blog. You will end up with a big loss.

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LyfeAccounting

OCTOBER 18, 2020

In order to plan for the future, you have to have a good understanding of the past. This includes planning for strategic purposes and tax planning as mentioned previously. Investors want to know the financial performance of your business to be able to want to quantify the value of their investment.

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LyfeAccounting

OCTOBER 12, 2020

You see, a good CPA or CPA firm can help you with the following things to make sure your business is in great financial health: Cash Flow & Expense Management. Accounts Payable & Receivables. Tax Planning. Tax Audits. Budget Planning. Financial Monitoring. Bookkeeping. Budget Review.

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LyfeAccounting

MAY 27, 2021

A complete guide on how to get business credit quick. If you need more help with managing your business finances, we offer various solutions for your specific needs. From accounting to bookkeeping , CFO , to tax planning and tax preparation – you can count on our expert team to help you with that.

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CPA Practice

AUGUST 28, 2024

The advent of artificial intelligence and machine learning have also started to have a dramatic impact on the practice of public accounting and business management, and we are continuing to see an increased adoption of practical operational uses for these professionals. Instead is truly innovating how taxes are done.

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LyfeAccounting

JUNE 4, 2021

Now if you want to make sure your LLC taxes are on the right track, then we can help you with that. Check out our tax planning and tax preparation services here. The post How to Pay Yourself As An LLC – CPA Explains the #1 Method appeared first on Small Business Accounting & Finance Blog.

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LyfeAccounting

JUNE 2, 2021

A complete guide to amending your tax return. Again, if you need any help with your tax preparation , tax planning , or tax resolution , get in touch with us today. The post Amended Tax Return: How to File Form 1040X Step-by-Step appeared first on Small Business Accounting & Finance Blog.

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LyfeAccounting

NOVEMBER 16, 2020

Yet there is still confusion for many small businesses about how the PPP loan will affect their future. It’s likely you won’t know if your loan is forgiven and by how much until 2021, which will have some serious implications for your tax planning and financial reporting. Tax Deductibility.

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LyfeAccounting

JULY 28, 2021

And we mean why not involve your kids in your business, show them the ropes, and teach entrepreneurship? All while saving thousands of dollars on taxes. We actually recommend this a lot to our clients as a strategy when they work with our tax planning services. But there are rules and a proper way to do it.

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LyfeAccounting

JULY 22, 2021

Now if you think you can still save more on your taxes but are just not sure how to do it, work with our tax planning , and tax preparation services today! The post The 10 Best Property Taxes By States in 2021: Move Here to Save Money! appeared first on Small Business Accounting & Finance Blog.

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LyfeAccounting

JULY 22, 2021

Now if you think you can still save more on your taxes but are just not sure how to do it, work with our tax planning , and tax preparation services today! The post The 10 States With the Lowest Property Taxes in 2021 appeared first on Small Business Accounting & Finance Blog.

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LyfeAccounting

APRIL 22, 2021

If you want to save more on your small business taxes (we know you do), then check out our tax preparation and tax planning services today. Or, you can also talk to one of our tax consultants here. Get in touch with us now to get started saving on your taxes.

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LyfeAccounting

NOVEMBER 3, 2020

Every year, more than 2 million taxpayers overpay their income taxes. This could be due to poor tax planning, or because they’re missing some of the biggest business tax write-offs. Meanwhile, the top 1% are using the tax law to their advantage to minimize their tax liability, oftentimes leaving us clueless….

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LyfeAccounting

NOVEMBER 4, 2020

LYFE Accounting has everything you need for your business’ tax filings. From tax preparation , to tax planning , even bookkeeping and accounting solutions , we got you covered. The post Small Business Tax Filings – Everything You Need to Know to Avoid IRS Penalties!

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LyfeAccounting

OCTOBER 28, 2020

It is important that you know what these 5 transaction types are because it will determine how your reports are organized and influence how you interpret your business finances. We’d be happy to help you with this process through our bookkeeping , tax planning , or CFO services. Quick Recap.

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