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Tax Refund in 2021: Why You Still Don’t Have Your Money

LyfeAccounting

Well in this post, we want to help eliminate all of the questions and confusion around: Where your tax refund is? Why are you may or may not be getting a tax refund in 2021? So if you haven’t received your tax refund in 2021 yet then we have about 5 steps that you can take to find out what’s going on.

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PPP Loan 2021 – FAQ & How To Get Approved + Forgiven

LyfeAccounting

Note that you will want to speak to your accountant or lawyer for specific advice regarding your specific situation. aka PPP loan 2021. PPP Loan 2021 Most Commonly Asked Questions (And Our Answers!). You had paid salaries and payroll taxes or paid independent contractors. PPP Loan 2021: Quick Recap.

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Tax Credits vs Tax Deductions: Which One Is Better in 2021?

LyfeAccounting

The tax deduction focuses on lowering your taxable income NOT your tax liability. Your taxable income is going to be based on how much money you made and the tax bracket you fall into. So, if you are in the 24% 2021 tax bracket and then a $2,000 deduction saves you $480 on your tax liability (which is $2,000 x 24%).

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Tax Brackets 2021 Explained: How Much Tax Will You Pay? How Tax Brackets Work!

LyfeAccounting

Let’s talk about tax brackets for 2021. What Stayed The Same in Tax Brackets 2021? This tax season , what are the things that remain unchanged? Well, the number of tax brackets did not change in 2021. T here are still a total of seven tax brackets. T here are still seven tax rates: 10%.

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Single Member LLC: What You Need to Know This Tax Season (2021)

LyfeAccounting

So in this post, we’re going to break down some of those advantages and disadvantages of a single member LLC in 2021. We will also be discussing a typical operating agreement, how taxes work, and compare it against sole proprietorship. Self-employment Taxes. The 2021 self-employment tax rate is 15.3%.

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The Best Online Accounting Software for Small Businesses

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A skilled accountant will keep you tax compliant and ensure that you’re always in-the-know and focused on the big picture when it comes to your financials. And cost can definitely feel like a huge barrier here – it can be hard for a small business to afford to hire an accountant. Or the interest!?) .

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How to Write Off Your Dream Car Tax Free in 2021

LyfeAccounting

Now unless you’re an accountant reading this then we know you didn’t go to school to learn taxes and you probably don’t spend your weekends binge reading the tax code. So we’re not going to use a bunch of tax jargon you will read on other blogs. Actual Expense Vehicle Tax Deduction.

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