PYMNTS

JANUARY 19, 2018

Recent research from Australian small business accounting firm Xero and payments company American Express explored just how big of a stressor late invoice payments are on Australian companies. Analysts found that more than a third of outstanding invoices at businesses with between $1.5

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LyfeAccounting

JUNE 22, 2021

Step 1: Operate out of a business bank account. This is business 101. You do not want to commingle your business funds with your personal funds. Step 2: Transfer money from your business bank account to your personal account. Remember, the money you pay yourself is your business.

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LyfeAccounting

AUGUST 10, 2021

Also, if you’re a gamer, you’ve probably noticed some video game companies also take pre-orders. This in turn helps them to meet the demand of the game and access overall production needs. . Purchase Order Financing. A purchase order financing company will pay your supplier directly the cost to produce the products. .

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LyfeAccounting

APRIL 30, 2021

Solo 401k is similar but you can’t have any employees in your business to establish this retirement account. We have some excellent posts here on our blog that take a deeper dive into retirement accounts for business owners so be sure to check those out as well. Bonus Tip: Getting S-Corp Status.

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LyfeAccounting

JULY 1, 2021

Gambling includes, but is not limited to, casinos, lotteries, fantasy sports, racetracks, game shows, and sweepstakes. If you have more questions about your taxes, then work with our accountants for business taxes today. And, we also offer tax resolution services. Contact us now to get started!

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LyfeAccounting

JUNE 7, 2021

Tip #5: Max Out Your Retirement Accounts. Whether you are self-employed or not, putting your money into a retirement account like a Roth IRA or 401Ks shields your money against taxes. That’s just the opening move in a game of chess. The art trade is the last major unregulated market in the world.

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LyfeAccounting

JANUARY 7, 2021

You can also search to see if you already have a DUNS number for your business. But when you’re registering or reviewing your DUNS account, CAREFULLY review the information. You just need to determine what industry your business is in, and find the NAICs code that best matches your business industry.

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LyfeAccounting

APRIL 23, 2021

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. Now, this is the power of leveraging the tax code and why accountants and CPAs get paid so much money. And this can be a tax savings of 30-40%! Final Takeaways.

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CPA Practice

SEPTEMBER 6, 2023

From the advent of first-to-market generative AI systems like ChatGPT, to highly specialized, accounting-focused systems, proponents of AI are fervent in their belief that the technologies will dramatically improve client services, firm management, small business accounting and many other areas of operations.

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PYMNTS

MARCH 16, 2016

Foreign currency payments firm Midpoint got a bit closer to its small business accounting partner, Xero, this month when it revealed that not only had they extended their collaborative ties but that Midpoint would also be adding a “Pay Now” button to invoices sent through Xero.

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LyfeAccounting

DECEMBER 30, 2020

And we always advise that you speak to your accountant or lawyer for specific recommendations for you. This is very important to understand because if you want to use the tax laws and system to your advantage, you have to learn how the game is played so you can maximize your chances of winning. Contact us today!

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LyfeAccounting

JULY 15, 2021

Having a gym, pool or game room might be something you really want to have on a day-to-day basis. appeared first on Small Business Accounting & Finance Blog. Or maybe you travel a lot and don’t want all of the responsibilities of owning. Renting will definitely be a lot less stressful.

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LyfeAccounting

MAY 5, 2021

Just like the game show Deal or No Deal, the answer is almost impossible to predict right? appeared first on Small Business Accounting & Finance Blog. So you have a nice and even gain of $10,000 after only 6 months. Contact us today at 470-240-1437 so we can get started lowering your taxes.

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LyfeAccounting

JANUARY 25, 2021

So if they made $1600/month, that’s the exact amount that went into their bank account. Or you could hire an accountant to do it for you. But if that accountant is anything like us, they probably wouldn’t want anything to do with it. You need to set up the correct accounts with the appropriate federal and state departments.

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