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.

Tax 52

Tax income tax tax return accounting and finance 52

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?

Tax 52

Tax quickbooks Real Estate accounting and finance 52

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.

Account 52

Account accountant accounted Indiana 52

LyfeAccounting

MAY 3, 2021

Tax credits vs tax deductions: What is the difference? Now, of course, no one really wants to pay more than their fair share of taxes. And understanding the difference between tax deductions and tax credits can give you more confidence that you are not paying too much in taxes. What is a Tax Credit?

Tax 52

Tax tax preparation tax return tax consultant 52