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. We will also be discussing a typical operating agreement, how taxes work, and compare it against sole proprietorship. It is no longer attached to and identified with the owner for tax or liability purposes.
Withum
SEPTEMBER 16, 2022
It is no surprise that states are seeing significant growth in sales tax revenue, a trend fueled by changes in consumer spending during the pandemic. The third reason for higher sales tax revenue was the Wayfair decision in which the Supreme Court expanded the physical nexus requirement to include economic nexus (e.g.,
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LyfeAccounting
APRIL 23, 2021
And what if we told you the business tax code was actually set up for you to do so? Now unless you’re an accountant reading this then we know you didn’t go to school to learn taxes and you probably don’t spend your weekends binge reading the tax code. Your tax deduction would be about $17,250. Crazy right?
LyfeAccounting
JANUARY 20, 2021
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. You apply by March 31, 2021, or until funds are exhausted. Second, you can use your 2019 and 2020 annual tax returns to confirm the revenue reduction.
LyfeAccounting
JUNE 29, 2021
How to opt-out of monthly child tax credit payments? So if you are someone who does not want an advanced payment on your child tax credits… …maybe because you are worried about your tax liability, or maybe you just like the idea of a big tax refund when you file your taxes, t hen you can opt out.
Going Concern
MAY 29, 2023
Internal emails exposed by legislative committee in May showed that dozens of partners and staff received emails discussing how the firm could “ exploit, for profit, information the former partner had gleaned while advising the government on creating the multinational tax avoidance laws.” What happened We failed in three ways.
CPA Practice
JULY 25, 2023
Randy Crabtree CPA, co-founder and partner of Tri-Merit Specialty Tax Professionals is a widely followed author, lecturer, and podcast host for the accounting profession. In 2021 Randy was listed as someone to watch on Accounting Today’s 100 most influential people in accounting list.
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