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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. – Medicare.

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Do Small Businesses Get Tax Refunds?

MazumaBusinessAccounting

In 2021, the average tax refund was $3,039. Small potatoes? New small business owners may be hopeful for a tax refund, a small gift to invest back into their operations. Not all types of small businesses can receive tax refunds, however. Do small businesses get tax refunds?

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Do Small Businesses Get Tax Refunds?

MazumaBusinessAccounting

In 2021, the average tax refund was $3,039. Small potatoes? New small business owners may be hopeful for a tax refund, a small gift to invest back into their operations. Not all types of small businesses can receive tax refunds, however. Do small businesses get tax refunds?

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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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New SBA PPP Loan Forgiveness Portal | Apply for Forgiveness Easier

LyfeAccounting

And considering the forgiveness process is already difficult as it is… …having this portal option is awesome news and will help millions of businesses to get back to what they do best and that’s running their businesses. . Payroll tax filings. State quarterly business and individual employee wage reporting.

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Self-Employment Taxes for Small Business Explained

LyfeAccounting

It was recently determined that nearly 30% of Americans are self-employed, and 100% of the self-employed hate paying taxes. So our goal for this post is to demystify the 70,000-page tax code for the self-employed into a simple post that will help you understand what self-employment tax is. What are Self-employment Taxes?

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