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2021 Tax Preparation for Small Business

xendoo

If you want to make sure that you and your small business are ready for the 2021 tax season, then it is essential to remain well organized throughout the year. Lastly, you need to know about all of the various tax deadlines that might apply to your business throughout the year. Excise Tax. Allowances.

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US Payroll Taxes Explained (Everything You Need to Know)

LyfeAccounting

?. 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. Note that for guidance or advice specific to your business, you should consult with a tax or legal professional. Categories of US Payroll Taxes.

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Year-End Business Tax Strategy for Skagit County SMB Owners

SkagitCountyTaxServices

Get your tax documents together to back the tax moves we talk about here and any others you might take. Consider temporary bookkeeping help through the end of this year and the beginning of 2022. Year End Business Tax Strategy #1: You’re the boss. 31, get ready to pay half that deferred amount by the last day of 2021.

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Fourteen People Who Inspired Future Tax Criminals in 2022

Going Concern

The IRS Criminal Investigation unit has released its top cases for 2022 and in it we get reality TV personalities, a rogue tax preparer, some garden variety PPP fraud, and even a former decathlete with his own Wikipedia page. From 2019 to 2021, Little filed a series of false tax returns claiming massive, bogus fuel tax credits.

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Use These Financial Reports For Business Decisions By Steve Padgett

SkagitCountyTaxServices

Just in time for the weekend, the IRS issued Friday-evening guidance about the overly-hyped (at first) payroll tax “holiday” There was initial hope that this might be a great shot-in-the-arm for Skagit County businesses and employees, but given how the thing is structured, and the limitations of executive action (i.e.

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10 Ways to Help Gen X Clients Prepare for Retirement

CPA Practice

Small business owners typically struggle with saving for retirement because they juggle operating expenses, payroll, taxes, and financing growth opportunities. Having a trusted advisor to help them prioritize and strategize to save for their future can help reduce stress, while also minimizing their tax liability.