Shay CPA

NOVEMBER 6, 2023

When you think about taxes, you probably directly associate the money that goes out to tax authorities with the money that’s come in. So you don’t get an unwelcome surprise when it comes time to pay your New York State franchise tax, let’s dig into all the details you should know from Article 9-A. Certain businesses get a.00

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ThomsonReuters

APRIL 23, 2021

Whether you’re looking to branch out and start your own firm, or you’re a current small firm owner, the idea of continuing to evolve and design your tax and accounting firm is a constant in your mind. In this next chapter of Small Talk with Heather Walker , I am once again joined by Paul Miller, Founder and Owner of Business by Design.

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Ronika Khanna CPA,CA

FEBRUARY 10, 2023

In the beginning these tax obligations can seem mystifying and somewhat overwhelming, but once you understand what needs to be done, the enigma surrounding the process dissipates and it tends to become routine. See also 2023 tax deadlines pertaining to the 2022 taxation year Digital Download Available at Amazon What is a t2125?

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Snyder

MAY 27, 2022

When starting a business, all the paperwork and accounting may seem daunting. You have to analyze every step and decision you’ve made to plan where you want to be in the future and what you need to do right now. No matter how large or small your business is, managerial accounting will help you gain profit.

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ThomsonReuters

SEPTEMBER 8, 2023

Jump to: What are the main types of business ownership? What is a C corporation? What is an S corporation? When is it better to create an LLC instead of a C corp or S corp? What is an LLC? What are the main types of business ownership? Which is better: a C corp, S corp, or LLC?

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income tax Tax Legal tax return 75

Cheap Accounting

AUGUST 31, 2023

The one downside is dealing with the bureaucracy and regulation that running a business brings. Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. When do I have to register with HMRC? Should I set up as a Sole Trader or Limited Company?

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ThomsonReuters

JUNE 22, 2022

Most business owners have a traditional understanding of what an accountant does. When Majaliwa started Pooters Diapers, she was the mother of two with a passion that turned profitable. As a working mom of four with a successful business, she was initially content with the traditional accountant relationship. File taxes.

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ThomsonReuters

APRIL 23, 2021

In this next chapter of Small Talk with Heather Walker , Paul Miller, Founder and Owner of Business by Design , and I discuss the pivot to digital work life for tax and accounting firms and the best virtual practices we can expect to remain as we continue back into a sense of normalcy. Weeks later, the US followed.

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Inform Accounting

JULY 25, 2022

This also includes amounts received from other venture capital schemes. The company must receive investment under a venture capital scheme within 7 years of its first commercial sale. The investment must meet the “risk to capital” condition, which means: the company must use the money for growth and development.

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Ronika Khanna CPA,CA

APRIL 14, 2022

Being a small business owner comes with challenges, not the least of which is doing your taxes. While most Canadian taxpayers have relatively simple tax returns that can easily be completed using software, small business owners have the additional burden of reporting details relating to their businesses.

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Ryan Lazanis

APRIL 18, 2023

Table of Contents What is AI in Accounting? How to Get Started With Accounting Intelligence How AI Was Used to Write This Article What is AI in Accounting? This makes workers more productive and efficient because they can focus on what they do best. Can AI Replace Accountants?

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ThomsonReuters

OCTOBER 12, 2023

Jump to: What foreign assets should be reported to the IRS? What is Form 8938 and when is it required? If you work with individuals and businesses with financial interests abroad, Form 8938 may be required. What foreign assets should be reported to the IRS? Generally, any U.S.

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ThomsonReuters

JULY 6, 2023

In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. But what does accounting advisory mean and how can your firm take advantage of this unique opportunity to showcase your knowledge and build deeper relationships with your clients?

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Ryan Lazanis

SEPTEMBER 1, 2023

For small businesses today, web-based accounting software takes the cake in terms of ease of use and automation. Below are some of the best cloud accounting software for small businesses. Below are some of the best cloud accounting software for small businesses. 3) Wave Accounting Can you beat free?

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LyfeAccounting

NOVEMBER 13, 2020

?. Imagine you have a 20 dollar bill, and that money is earned by providing a service and as a result, the business has the freedom to spend it, invest it or save it. Regardless of what happens to that 20 dollars next, these transactions have started bookkeeping and accounting processes. They want to know: What are the differences?

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LyfeAccounting

JULY 11, 2021

So if you are working in a foreign country or you are investing in a foreign country, like in their stocks, and you are getting taxes like capital gains taxes… …then you’re going to want to learn about the foreign tax credit. What is a Foreign Tax Credit? Let’s dive in! and a foreign country on the same income.

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ThomsonReuters

APRIL 18, 2023

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. What are the current issues in accounting? but there are several common hurdles that often run industry wide.

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LyfeAccounting

MARCH 31, 2021

?. When it comes to investing in cryptocurrencies like Bitcoin and Euthereum, it’s common to think about the massive gains you can get. But, you should also consider the possibility of paying taxes when you sell your cryptocurrency. And as long as Bitcoin continues mooning to an all-time-highs, we don’t blame you.

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LyfeAccounting

OCTOBER 21, 2020

So I’d say, learn how to use small business tax deductions to lower your liability. Another month… Another week… And another day… So today we’re going to look at how you can start reducing taxes by taking advantage of small business tax deductions. What is a Tax Deduction? You can’t avoid it.

business tax 52

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LyfeAccounting

JUNE 4, 2021

You work for yourself, your business is earning money, and now it’s time to make some decisions – how do you pay yourself? If you pay yourself too much, you might risk putting your business in a bad financial situation. And speaking of taxes, how exactly does that work when you pay yourself? So let’s begin!

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LyfeAccounting

OCTOBER 15, 2020

There is no way you can grow and manage a small business without understanding your KPIs, which are key performance indicators. Sure, you may have a good product, the best sales people, or cool marketing tricks, but as you grow, I promise you that you will eventually have to face the underlying facts in your business.

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LyfeAccounting

AUGUST 10, 2021

How to raise money for a new business? So, what do you do when you have an amazing business idea, but no money to fund it? Well, unless your uncle is someone like Warren Buffet then you’re going to have to figure out how to raise capital. . 12 Ways to Raise Money for a New Business. Small Business Grants.

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LyfeAccounting

OCTOBER 14, 2020

Today, I’ll be deep-diving into the bookkeeping basics for small business. You see, here at LYFE Accounting, we handle the books for small business owners everyday and have a time-tested 6-step process that helps small businesses make better financial decisions that lead to greater profitability.

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LyfeAccounting

NOVEMBER 5, 2020

?. If you ever questioned whether you should sell stocks for a loss, tax loss harvesting may be the answer you were looking for. After reading this post, you will understand what tax loss harvesting is, the benefits of tax loss harvesting, and the rules you need to keep in mind when performing tax loss harvesting so you do it properly.

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inDinero Tax Tips

NOVEMBER 15, 2021

However, if you’re claiming ineligible business expenses , you risk facing an audit. The IRS announced a plan to increase audits for small businesses by 50% for the 2020 tax year. In order to qualify for a deduction, a business expense must be ordinary and necessary for the production or collection of income.

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LyfeAccounting

MARCH 25, 2021

“What should my business entity be? I heard that I should have an LLC.” So for the people who are new, let’s start with… What is an LLC? Essentially, it is a business entity that you can set up for your business. As an accounting firm, we get asked all the time.

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PYMNTS

MARCH 12, 2019

workers are participating in part-time or project-based employment, and increasingly they want to get paid when the work is done. COO Bill Ready said in a blog post that the Instant Transfer functionality comes on the heels of the company’s expanded partnership with JPMorgan Chase. To that end, there’s a bottleneck.

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LyfeAccounting

JULY 27, 2021

“Should I have multiple LLCs for real estate investing?” Now, we’re not going to talk about how to buy rental properties with an LLC , or reasons why you should or should not because we already made a post on that. So what does this mean? ” Let’s talk about it. The costs of having multiple LLCs.

Real Estate 52

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LyfeAccounting

OCTOBER 16, 2020

Starting a business isn’t very easy. I mean a lot of people think, and a lot might say, “Whoa, I don’t want to get into debt especially with 8 out of 10 new businesses failing. Well, here’s the thing, how to start a business in 2020, is easier than it’s ever been before. 10 Steps on How to Start a Business.

accounting and finance 52

accounting and finance Start-ups Legal Tax 52

LyfeAccounting

JUNE 30, 2021

Do you need a loan to get your business up and running? About 43% of small businesses applied for business loans last year. So in today’s post, we will break down the steps necessary to increase your chances of getting approved for business loans… …and start that business you’ve been dreaming about.

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ThomsonReuters

JANUARY 12, 2023

In addition to helping businesses and individuals follow the required accounting standards and tax laws, accountants are increasingly capitalizing on new ways to utilize their knowledge and experience to make a positive impact on the clients they serve. . But what exactly does offering auditing services entail?

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LyfeAccounting

JANUARY 14, 2021

I myself have to pay quarterly tax payments and here at LYFE Accounting, we help business owners pay theirs. Today, we’re going over the following: What are quarterly tax payments. Today, we’re going over the following: What are quarterly tax payments. When to pay quarterly tax payments. business distributions.

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LyfeAccounting

JUNE 9, 2021

But instead of panicking during big price drops, what if we told you that you could actually use these swings to your advantage? A quick disclaimer that this is not financial or legal advice, and you should consult with your personal CPA or lawyer regarding your specific situation. What is the Wash Sale Rule? That’s right!

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Tax tax preparation accounting and finance Sales 59

LyfeAccounting

JULY 8, 2021

How to start a business without money? Building a new business is hard and building a business without money is even harder. In fact, when we started our first business, the only money one of our founders had was a $250 deposit into a business checking account. But it’s definitely possible.

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LyfeAccounting

MARCH 10, 2021

So it’s clear that more people need to know about tax penalties in 2021, especially if you are a small business owner and need capital to survive. We’re going to discuss the common IRS tax penalties, when they apply, and how to avoid them. 5 Things You Should Know About Tax Penalties.

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LyfeAccounting

OCTOBER 28, 2020

If you’ve ever wondered what you could be doing now to save on your taxes later or just curious about some of the year-end tax planning strategies the wealthy use to save on taxes, then this article is for you. But what is more fun is figuring out ways to reduce your tax liability and owe less the next time you file.

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LyfeAccounting

JULY 9, 2021

Because let’s face it, when you decide to take a job opportunity in another country, that job usually pays you a lot of money to do it. But before we discuss these foreign earned income exclusions, let’s define first what foreign earned income is. What is Foreign Earned Income? What are Foreign Earned Income Exclusions?

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