xendoo

APRIL 20, 2021

Just like a traditional brick-and-mortar business, your eCommerce business needs a good bookkeeping system for essential functions like tracking revenues and expenditures and filing tax returns. You’re probably starting to see a trend in these bookkeeping basics for eCommerce, and that is to stay organized.

bookkeeping 52

bookkeeping tax return South Dakota accounting software 52

LyfeAccounting

APRIL 30, 2021

Start-up and Organizational Costs. When you first start your LLC, there’s a pretty good chance you had some initial investment costs in things like computers, equipment, R&D. You’re able to deduct up to $5,000 in start-up costs in the first year you open your business. Vehicle Expenses.

Tax 52

Tax Real Estate tax planning accounting and finance 52

LyfeAccounting

MAY 25, 2021

And this essentially is what we are referring to when we say inflation tax is hidden. Because instead of you actually paying taxes on your tax return, it’s just something that happens when you show up to a store and everything costs more than what it used to be. So of course, you need cash as a business.

Tax 87

Tax Real Estate accounting and finance tax return 87

LyfeAccounting

NOVEMBER 3, 2020

It was our first time filing his taxes, so we asked to see his financial statements and tax returns from prior years. For one, he reported his total revenue as his income on his tax return in prior years. This means that he had deducted absolutely NOTHING on his tax returns. So let’s jump into it.

Tax 52

Tax tax return business tax accounting and finance 52

MyIRSRelief

NOVEMBER 19, 2021

This credit is worth 50% of your startup costs up to $500 per year. Verify that you qualify, and if you don’t for the previous year, contact your EA, Attorney, CPA about starting up a retirement plan next year. You may claim this credit in the tax year before your plan goes into effect. Small-business tax credits.

Tax 100

Tax CPA Education business tax 100