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Beyond tax season: creating revenue stability year-round

ThomsonReuters

If you spend a lot of time hiring temporary employees just to help with tax season, you could be missing out on a lot of potential talent—those employees who are looking for long-term positions. Tax accountants who only need office space for a few months out of the year must spend a lot of time before tax season looking for good options.

Tax 102
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4 Ways Small Business Owners Can Stay Tax Compliant

xendoo

It is always best to speak to a small business tax accountant. Pay Quarterly Estimated Taxes . Because self-employed individuals do not have taxes withheld from their paychecks like W-2 employees, they pay quarterly estimated taxes in order to cover Social Security, Medicare, and income tax.

Tax 59
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The Small Business Guide to Revenue vs. Profit

xendoo

To understand revenue, let’s look at Microsoft’s financials for 2021. In their annual report, Microsoft reported total revenue of $168,088 million from product and service sales. Product revenue accounted for $71,074 million while service and other accrued $97,014 million totaling the $168,088 million.