LyfeAccounting

FEBRUARY 14, 2021

A CPA is a Certified Public Accountant. 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. In one word – business.

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LyfeAccounting

MARCH 10, 2021

CPA services are accounting services that are provided by a Certified Public Accountant, also known as a CPA. Most CPAs have Master’s Degrees in Business or Accounting with at least a few years of experience under a CPA. Compilations are basically financial statements that are prepared by an outside accountant.

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LyfeAccounting

APRIL 27, 2021

But in today’s post, we’ll actually be explaining why having a huge tax refund or any refund at all is not necessarily a good thing and the reasons might surprise you. What is a Tax Refund? Well, it’s not just free money from the government (though it might feel that way). Other Reasons for Tax Refunds.

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LyfeAccounting

DECEMBER 7, 2020

?. Today, we’re going to be deep-diving into US payroll taxes. And after helping hundreds of businesses with their accounting and taxes, we know a thing or two about it. Combined, 7.65% in FICA taxes. Federal Unemployment Tax Act. FUTA is a 6% tax based on the first $7,000 of wages you pay each employee.

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LyfeAccounting

APRIL 22, 2021

Let’s start by understanding the number one thing Amazon does to write off taxes. How to Write Off Taxes Like Amazon. See, credits provide a dollar-for-dollar reduction of your income tax and are given by the government to reward certain types of behavior that benefit the US economy. How to Write Off Taxes Takeaways.

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LyfeAccounting

JULY 16, 2021

And this is related to the millions of people who were wrongfully taxed last year on their unemployment compensation. If you lost your job last year and started collecting unemployment benefits from the government, this update applies to you. For this round, the IRS identified about 4.6

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LyfeAccounting

MAY 27, 2021

If it is your first time owing additional taxes, you can actually call the IRS and request a first-time penalty abatement. This would eliminate the tax penalties they added to your account. From there, they can look up your account and remove the additional fees. Or, contact us today to talk to one of our tax experts!

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