LyfeAccounting

MAY 25, 2021

And here on our blog, we’ve talked about a few of them such as PPP loans , EIDL loans , business grants you can get for your business, and so on. This free money coupled with a lack of production/supplies is what is leading to a hidden inflation tax in 2021. Contact us today for more details.

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LyfeAccounting

JANUARY 20, 2021

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!). Your businesses has fewer than 500 employees whose principal residence was in the United States. Yes, there is hope.

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inDinero Tax Tips

MARCH 3, 2021

Whether you file your business’s taxes yourself or you have help, making sure your tax returns are right and on time is a lot easier when you. have a year-round reliable accounting team and. By outsourcing your business’s accounting and taxes with inDinero , you’re covered on both fronts. March 15, 2021.

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LyfeAccounting

JANUARY 28, 2021

So in this post, I want to take some time to talk about what accredited investing is some new changes that took effect in 2021, share some examples and talk a little bit about some tax advantages. New 2021 SEC Accredited Investing Rules. So as of 2021, the government has certain incentives in place for companies that invest in the US.

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LyfeAccounting

JUNE 17, 2021

It’s called the “Non-filer sign-up tool” which is for people who did NOT, we repeat, DID NOT file their 2020 taxes which would have been done in 2021. Right now we know the IRS has created a special advanced tax credit 2021 page, but as of this moment, there is nothing to really use it for. What is the Non-Filer Sign Up Tool?

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LyfeAccounting

FEBRUARY 4, 2021

So there you have it, we gave you some quick updates for the PPP forgiveness application in 2021. The post PPP Forgiveness Application: 2021 Updates and FAQ appeared first on Small Business Accounting & Finance Blog. If you need more assistance with your financial management or tax filings, we’ve got your back.

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LyfeAccounting

JUNE 13, 2021

So in this post, we want to dive straight into how businesses can handle inflation in 2021, 2022, and pretty much at any time. Let’s not waste any time and jump straight into how to handle inflation as a business owner. 5 Ways on How to Handle Inflation as a Business Owner. Keep reading!

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LyfeAccounting

APRIL 30, 2021

.” When you use your vehicle for business purposes, you are able to write off the mileage or the actual expenses of the vehicle. With the mileage approach, you can write off 56 cents in 2021 for every business mile you drove. Let us explain. Though, it does not fluctuate too much higher or lower than the current rate.

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LyfeAccounting

JULY 3, 2021

How to start a nonprofit organization in 2021 – otherwise known as a 501(c)(3) organization. So, a nonprofit organization is a business entity in which your goal is not to be profitable… …but to make money to expand on a social clause like feeding the homeless or helping victims of harsh circumstances. Keep reading!

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LyfeAccounting

MARCH 10, 2021

Well, if you want to put yourself at risk of IRS tax penalties in 2021, then you’re doing exactly that. So it’s clear that more people need to know about tax penalties in 2021, especially if you are a small business owner and need capital to survive. Delay taxes for a stimulus check?

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LyfeAccounting

FEBRUARY 19, 2021

So in this post, we’re going to break down some of those advantages and disadvantages of a single member LLC in 2021. Which by the way, we are back in full operation for this tax season, so if you or someone you know needs help with their business taxes, t hen contact us to speak with someone from our team. Self-employment Taxes.

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LyfeAccounting

JUNE 23, 2021

Top 10 Passive Income Ideas For 2021. The post Top 10 Passive Income Ideas for 2021 | Earn Money While You Sleep! appeared first on Small Business Accounting & Finance Blog. But eventually, your passive income streams will start snowballing and can even cover your monthly expenses. Crowdfunded rental properties.

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LyfeAccounting

JULY 9, 2021

There is a limit of how much foreign earned income can be excluded, which for 2021 is up to $108,700. The post How to Qualify for the Foreign Earned Income Exclusions in 2021 appeared first on Small Business Accounting & Finance Blog. So the foreign earned income exclusions mean that you do not have to pay U.S.

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LyfeAccounting

APRIL 23, 2021

And by the way, for the tax year 2021, the IRS is projecting the standard mileage rate will be 56 cents per mille, so a slight reduction but still something to take advantage of. Use your car for business content creation. Of course, digital marketing and advertising are really important for any business in 2021.

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LyfeAccounting

JANUARY 18, 2021

The post Best Business Credit Cards in 2021 [Cards For Everyone] appeared first on Small Business Accounting & Finance Blog. And as usual, if you are in need of expert financial guidance, we’re just a click away! Our team of professional financial advisors are happy to help. Contact us today.

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LyfeAccounting

JULY 22, 2021

The post The 10 States With the Lowest Property Taxes in 2021 appeared first on Small Business Accounting & Finance Blog. 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! Simply contact us to get started.

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LyfeAccounting

JUNE 1, 2021

Well, there you have it – t he ultimate list of small business grants for 2021. If you have more questions regarding business grants or how you can manage your business finances in general, then consider hiring our CFO services. So, what grants you plan to apply for?

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CPA Practice

DECEMBER 19, 2023

Because of this unusual situation, the IRS has put a plan in place—before resuming normal collection notices for tax years 2020 and 2021 in January—to help taxpayers with unpaid tax bills, including some people who haven’t received a notice from the IRS in more than a year. The IRS estimates 5 million tax returns—filed by 4.7 7, 2023.

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LyfeAccounting

JULY 8, 2021

If everything is going great then congratulations, you have officially joined the bootstrapped club of starting a business without money! The post How to Start a Business Without Money (2021 Tips & Ideas) appeared first on Small Business Accounting & Finance Blog.

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CPA Practice

APRIL 19, 2024

From 2015 to 2019, Reich’s business account received payments totaling nearly $600,000 from a family-owned, Virginia Beach company that manufactures condiments. Reich also used the company’s money to pay off her personal and business credit cards, medical bills and a trip to Jamaica, among other payments totaling more than $600,000.

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LyfeAccounting

MARCH 25, 2021

And if it is your business financial management or investment management you want some help with, we offer CFO services , as well as investment advisory services. The post Disadvantages of LLC: Don’t Believe All The Hype in 2021 appeared first on Small Business Accounting & Finance Blog.

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LyfeAccounting

JUNE 9, 2021

And if you need more help with choosing the best business entity for you, contact us today. Our expert accounting consultants will be happy to help! The post LLC Costs: How Much Does it Really Cost to Start an LLC in 2021? appeared first on Small Business Accounting & Finance Blog.

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LyfeAccounting

JULY 22, 2021

The post The 10 Best Property Taxes By States in 2021: Move Here to Save Money! appeared first on Small Business Accounting & Finance Blog. 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!

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Withum

FEBRUARY 2, 2022

Employers can receive up to $5,000 per employee in 2020 and up to $7,000 per employee for each of the first three calendar quarters in 2021. For example, let’s say your restaurant had $1 million in gross receipts for each quarter in 2019 and had gross receipts of $750,000 in Q1 2021 and $1 million in gross receipts for Q2 2021.

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Xero

NOVEMBER 14, 2023

While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process. Today, we’re excited to share that we are the first major small business accounting software company to launch eInvoicing in the UK.

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MazumaBusinessAccounting

SEPTEMBER 30, 2021

On October 11, 2021, Mazuma will launch Keep Going , a podcast that shares the struggles, insights, and everyday triumphs of business owners. In addition, Mazuma plans to give away $10,000 to help one business owner on their own business journey. We want to tell their stories—to celebrate their businesses and successes.”

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Xero

NOVEMBER 13, 2023

While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process. Today, we’re excited to share that we are the first major small business accounting software company to launch eInvoicing in the UK.

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AccountingDepartment

JULY 23, 2021

Cathy Becker, CPA, Senior Controller and Project Manager here at AccountingDepartment.com, is speaking at AICPA Engage 2021, joining forces as a panelist with the Jirav team!

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Xero

MAY 30, 2022

The shift towards working from home has more businesses than ever transitioning to the cloud – and to a new level of automation, streamlining, data accuracy, and insight. . Here are five apps that have joined the new Xero App Store since launch in August 2021, and are helping small businesses seize the post-pandemic opportunity. .

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LyfeAccounting

APRIL 28, 2021

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. 2021 Tesla Model X. So the 2021 Tesla Model X vehicle GVWR (Gross Vehicle Weight Rating) comes in weighing 6,788 to 6,878 lbs which means it easily qualifies for accelerated vehicle depreciation.

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PANALITIX

NOVEMBER 18, 2021

And according to Wyzowl ’s 2021 State of Video Marketing Report, the pandemic has led us to consume more video than ever before. But where does that leave you, as a busy accounting professional who wants to use video to promote your business? RESOURCES / ARTICLES. Here are a few other statistics from that study: 1.

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PANALITIX

NOVEMBER 17, 2021

And according to Wyzowl ’s 2021 State of Video Marketing Report, the pandemic has led us to consume more video than ever before. But where does that leave you, as a busy accounting professional who wants to use video to promote your business? RESOURCES / ARTICLES. Should You Be Using More Video.

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RitaKeller

AUGUST 16, 2021

This same theory applies to your busy accounting firm. As an owner or leader, you let yourself get so busy that the firm just molds itself around you. You might even be so busy that you let your culture form on its own. For 2020 and 2021, you have been busy, busy, busy. That could be dangerous.

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LyfeAccounting

JUNE 29, 2021

You are worried about owing money next year when you file your 2021 taxes. Or, perhaps you decide to take a foreign job and you end up out of the country for more than half of 2021. If you have an IRS account or ID.me account, all you have to do is sign in and you’re good. You’re going to have to pay it all back.”.

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Withum

JUNE 27, 2022

Now that we are halfway through the new year, most companies have wrapped up their books and records for 2021 and sent them to their accounting professionals for tax and audit preparation. In order to reflect the complete monthly operations of a business, accounting adjustments should reflect these items.

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Nancy McClelland, LLC

FEBRUARY 6, 2022

Not only does this issue remain for 2021, but the problem is exacerbated, because now we also have child tax credit payments to track — some folks received advances while others decided to opt out (and unlike stimulus payments, any excess child tax credit payments may have to be repaid). Let the tax return preparing begin!

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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. Know what type of information you need Minimally, you are required to report your total sales/revenues from your small business for the 2021 calendar year. Bank charges for your business accounts.

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