Government small business accounting tax planning tax return 
CPA Practice
APRIL 17, 2023
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.
Ronika Khanna CPA,CA
DECEMBER 2, 2022
Alternatively, some shareholders also take dividends in addition to a salary depending on their tax planning strategy. The process of submitting preparing and submitting the dividend declarations and the documents that need to be filled out and returned to the CRA and MRQ are discussed below: Digital Download.
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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). Business Owner Tax Mistakes of Overpaying.
LyfeAccounting
NOVEMBER 17, 2020
In addition, I didn’t know the requirements of income taxes, especially for self-employed individuals. I thought you just paid your income taxes once per year when you filed your tax return, but NO – I was penalized over $4000 because I didn’t make quarterly “ estimated tax payments ”. Withholding Taxes.
LyfeAccounting
MAY 27, 2021
They have a question about your tax return. They changed your return. They need to notify you of delays in processing your return. Usually, when you receive an IRS letter, it is not going to be in reference to all of the tax returns you ever filed. You are due a larger or smaller refund.
LyfeAccounting
MARCH 10, 2021
5 Things You Should Know About Tax Penalties. Common IRS Tax Penalties and How You Get Penalized. Failing to file a tax return on time. Well, the deadline for filing your federal income tax return and paying any tax you OWE is April 15th (or usually the next business day if April 15th falls on a weekend).
LyfeAccounting
MARCH 10, 2021
Audits are services where CPAs are required to audit your financial information in accordance with accounting and auditing standards set by the government. Tax Preparer. A tax preparer is someone who is qualified to file your tax returns. And What Kind of Business Needs a CPA?
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