LyfeAccounting

MARCH 16, 2021

So for those of you filing your business taxes for 2020 , you will not be able to take a full deduction on your tax return. But as of right now, all of the business expenses you incur for restaurants this year are fully deductible when you file your tax return next year.

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LyfeAccounting

MAY 5, 2021

And like short-term capital gains, long-term capital gains have a different tax rate applied to them as well. As of 2020, for example, if you are single and you make $40,000 or less, then you would pay 0% long-term capital gain tax. Remember that short-term capital gains are taxed at ordinary income. Businesses.

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Tax Real Estate Start-ups income tax 52

LyfeAccounting

JANUARY 7, 2021

According to GovExec, Federal Contract spending was expected to exceed over $600 billion over 2020. That’s a lot of money going into the hands of businesses that are set-up to get government contracts. In this post, I’m going to teach you how to make the government a customer of your business by getting government contracts.

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Government tax return accounting and finance Start-ups 59