LyfeAccounting

JULY 22, 2021

Now if you think you can still save more on your taxes but are just not sure how to do it, work with our tax planning , and tax preparation services today! The post The 10 Best Property Taxes By States in 2021: Move Here to Save Money! appeared first on Small Business Accounting & Finance Blog.

South Carolina 52

South Carolina Hawaii West Virginia Delaware 52

Ronika Khanna CPA,CA

APRIL 14, 2022

This is also true for spouses of small business owners who may only have a regular(non small business) tax return. If you are not able to do your tax return by May 2nd, you might want to consider estimating your taxes payable and making an instalment payment to avoid interest charges.

Tax 52

Tax tax return business tax accounting and finance 52

LyfeAccounting

MAY 21, 2021

And, specific accounting advice should come from your contact attorney or CPA. So let’s go ahead and dive into the biggest tax write offs for LLC businesses. 12 Biggest Tax Write Offs For LLC Businesses. Business Meals. If not purchased at a restaurant, you can write off 50% of a business-related meal.

Tax 98

Tax Legal tax planning accounting and finance 98

LyfeAccounting

JULY 2, 2021

9 Reasons Why Your Tax Refund is Delayed. If you didn’t know, as of June 23, 2021, the IRS had 17.5 This includes returns received prior to 2021 that need to be manually reviewed because of error. Direct Deposit Accounts Don’t Match Up. That’s why working with a tax expert is recommended.

Tax 52

Tax tax return accounting and finance tax preparation 52

LyfeAccounting

APRIL 28, 2021

So that’s just a very quick overview of the vehicle tax deduction, but If you want to get a deeper dive. Now let’s jump into the list of cars in 2021 that weigh over 6,000 pounds that qualify for the section 179 vehicle tax deduction. 8 Cars That Qualify For The Section 179 Vehicle Tax Deduction . 2021 BMW X5.

Tax 52

Tax tax preparation Start-ups small business accounting 52

LyfeAccounting

JUNE 9, 2021

It’s mid-April 2021 and Bitcoin just blew past $60,000 to reach all-time highs. You find yourself stuck staring at your Robinhood account with two choices: you can sell now to make the pain stop, or. If you want more tips on how to save on your taxes, then go ahead and subscribe to our newsletter. Quick Cryptocurrency Story.

Tax 59

Tax tax preparation accounting and finance Sales 59

LyfeAccounting

DECEMBER 7, 2020

?. Today, we’re going to be deep-diving into US payroll taxes. And after helping hundreds of businesses with their accounting and taxes, we know a thing or two about it. But note that those Social Security taxes will need to be repaid between Jan. As a bonus let’s talk about compensation. What is Compensation?

payroll tax 52

payroll tax payroll Tax income tax 52

LyfeAccounting

JULY 16, 2021

In this post, we’re going to break down to you what you need to know in order for you to claim your unemployment tax refund based on recent updates from the IRS. Unemployment Tax Refund Recap. We hope you found this post helpful to better understand what is going on with your money and tax refunds.

Tax 52

Tax tax return tax preparation income tax 52

LyfeAccounting

JUNE 4, 2021

Here at LYFE Accounting, not only do we help people pay themselves correctly as an LLC… …but we’ve also started one of the fastest-growing LLCs according to Inc Magazine and the financial times in 2021. You are simply transferring money from your business to your personal bank account.

CPA 52

CPA income tax Tax accounting and finance 52

LyfeAccounting

MAY 27, 2021

Right underneath where your letter number is in the top right, is going to be the tax year it is in reference to. So if it says ‘tax year 2018’, there’s no need in worrying about 2017 or 2020, 2021, etc. If it is your first time owing additional taxes, you can actually call the IRS and request a first-time penalty abatement.

tax return 52

tax return audit Tax accounting and finance 52

LyfeAccounting

JUNE 7, 2021

So, this is a really important post because, it’s not just about avoiding paying taxes, it’s about developing a new mindset that will allow you to build long-term wealth. Now in 2021, you start paying taxes the second you make over $9,875 a year as an individual. Tip #5: Max Out Your Retirement Accounts.

Legal 59

Legal Tax income tax Real Estate 59

LyfeAccounting

MAY 3, 2021

But in this post, we want to explain the differences between tax credits vs tax deductions so you can spend your time wisely! Now as tax preparers for many years, finding tax credits and tax deductions for our clients is one of the most satisfying parts of preparing a tax return.

Tax 52

Tax tax preparation tax return tax consultant 52

xendoo

MARCH 18, 2021

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!?) .

accounting software 52

accounting software online accounting Account accountant 52

LyfeAccounting

FEBRUARY 24, 2021

To find out, simply look at the long-term capital gains tax chart. If filing taxes for 2020, married couples filing jointly who make up to $80,000 in taxable income or single filers who make up to 40,000 in taxable income. For 2021, the income limits rise to $80,800 for married couples filing jointly and $40,400 for single filers.

Tax 52

Tax Real Estate Education Legal 52

LyfeAccounting

MAY 24, 2021

So monthly payments through the new federal enhanced child tax credit will start on July 15, 2021. This child tax credit will go to close to 40 million households, or roughly 90% of children in the United States, according to the IRS. Now, these are tax credits. You can log into your IRS account to check your address.

Tax 52

Tax tax return tax planning accounting and finance 52

LyfeAccounting

JUNE 11, 2021

MILLION taxpayers are getting tax refunds. Earlier this year, the American Rescue Plan Act of 2021 excluded $10,200 in unemployment compensation when calculating taxable income. But a lot of taxpayers already filed their tax returns and paid the tax on this income. What is the Unemployment Tax Refund.

Tax 52

Tax tax return tax preparation accounting and finance 52

LyfeAccounting

DECEMBER 30, 2020

Stay tuned as today, we’re taking a look at how you can pay very little in taxes with real estate, legally. Now we just wrote a post about the new tax brackets going into 2021, which you can read in this link. But it’s important that you first understand how taxes work. Okay, so let’s look at “Bob’s” tax situation.

Real Estate 52

Real Estate Tax income tax Gaming 52

LyfeAccounting

AUGUST 10, 2021

Average taxpayers, like wage-earners, are very limited in what they can deduct from their taxes. For instance, in 2021, single taxpayers can deduct $12,500 from their taxable income, and married taxpayers can deduct about $25,000. And a necessary expense is one that is helpful or appropriate for your trade or business.

Real Estate 52

Real Estate Tax tax return tax preparation 52