LyfeAccounting

APRIL 13, 2021

The SEP IRA allows business owners to deduct up to $58,000 and put that money towards retirement. This is thousands of dollars more than the $6,000 contribution limit that a standard traditional or Roth IRA account allows you to deduct. While other IRA options do allow you to take loans from your account, a SEP IRA does not.

Tax 52

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LyfeAccounting

APRIL 15, 2021

This is especially true for small and start-up companies. So, if you need more guidance with your business’ finances, here at LYFE Accounting, we offer financial advisory services as well. Talk to us today to get started!

Non-Profits 52

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LyfeAccounting

APRIL 30, 2021

Start-up and Organizational Costs. When you first start your LLC, there’s a pretty good chance you had some initial investment costs in things like computers, equipment, R&D. You’re able to deduct up to $5,000 in start-up costs in the first year you open your business.

Tax 52

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LyfeAccounting

MAY 25, 2021

Now what’s interesting is that most of the free money started hitting people’s accounts in May. So now let’s talk about the things you can do to avoid an inflation tax if you have a business. 5 Tips That Businesses Can Do to Avoid Inflation Tax. So of course, you need cash as a business.

Tax 87

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xendoo

APRIL 20, 2021

There are a lot of compelling reasons you need a bookkeeper, and for most small businesses, it’s generally more cost-effective to outsource the accounting and bookkeeping services to professionals like Xendoo that work with small businesses than trying to do it in-house. Choose an Accounting Method. Check Your Cash Flow.

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LyfeAccounting

MARCH 25, 2021

As an accounting firm, we get asked all the time. “What should my business entity be? And on top of that, it just wastes valuable time, and investors want to move fast when they’re looking at a start-up they want to invest in. Contact us today to get started! I heard that I should have an LLC.”

Legal 52

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LyfeAccounting

NOVEMBER 2, 2020

So if you’re just getting started or trying to reevaluate your current infrastructure then this post is for you. Now I know a lot of guys out there, especially when you’re in the early stages of starting up, are wondering how to bring on their first employees. Differences Between 1099 and W2 Workers. Contact us today!

payroll tax 52

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Snyder

NOVEMBER 25, 2022

If you plan to integrate with other companies, it would be easier for them to understand your company and product when they see your business plan, especially if these companies are more developed than yours. Types of e-commerce business plans: which one works best for you? Small Business Administration.

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LyfeAccounting

NOVEMBER 3, 2020

In this post, I’m going to give you BIGGEST tax write-offs for small businesses. Also, small disclaimer, the information I’m providing in this post is for informational purposes only and is not meant to take the place of legal and accounting advice. If you want specific accounting advice, then please contact your attorney or CPA.

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