LyfeAccounting

JANUARY 30, 2021

On the other hand, if you’ve paid very little attention to some of the tax changes or programs then you’ve got a lot to catch up on. Regardless of where you are our team at, LYFE Accounting specializes in business tax returns and we’re ready to help you this year. Now, what happens if you miss these deadlines?

Tax 52

Tax tax return bookkeeping bookkeeping services 52

LyfeAccounting

NOVEMBER 4, 2020

C-corporations are required to pay corporate tax on the profits of the business. Currently, the corporate tax rate is 21%. Shareholders only pay tax if they receive dividends from the corporation which would be calculated on their individual tax return. Not to be confused with 1120S.

business tax 52

business tax Tax tax return payroll tax 52

Xero

DECEMBER 20, 2022

HMRC has announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been delayed until April 2026. With small businesses, accountants and bookkeepers facing challenging times, we understand and support the delay from HMRC – giving you more time to prepare. . Why has this happened?

Tax 16

Tax bookkeeping small business accounting income tax 16

LyfeAccounting

MAY 18, 2021

Well, this post will highlight some of the things that you should NOT do as a new business owner or business owner, in general. 7 Tax Mistakes Business Owners Make. Tax Mistake #1: Not having a separate bank account. O r else, their business is at risk of being shut down. Tax Mistake #5: Filing late.

Tax 52

Tax tax return accounting and finance Real Estate 52

LyfeAccounting

NOVEMBER 9, 2020

In this post, I’m going to explain all of the tax benefits related to LLCs. It is not meant to take the place of legal and accounting advice specific to your business. The tax loopholes associated with LLCs. If your tax rate is 25%, then you would only pay $25,000.00 in taxes as a LLC.

Tax 52

Tax CPA tax return accounting and finance 52

LyfeAccounting

APRIL 22, 2021

For instance, in Georgia alone, where LYFE Accounting is headquartered, the State provides an enormous amount of credits to help and encourage entrepreneurs to start a business and create jobs. In fact, Georgia even publishes an annual 20-page brochure with all of the reasons to start a business here. And we don’t blame them.

Tax 52

Tax Virginia Georgia income tax 52

LyfeAccounting

MAY 12, 2021

This income already includes the dividends and money you took out of the business. Then it’s taxed again on your personal return for any amount you took out of the business as a dividend, or in other words, a distribution. The current corporate tax rate is 21%, and the Federal deadline to file and pay is April 15th on Form 1120.

CPA 52

CPA Legal Tax tax return 52