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Summer Marketing Initiatives for Small to Mid-Sized Accounting Firms

CPA Practice

Host Informative Workshops: Organize free, educational workshops on financial wellness, tax planning, or small business accounting. Enhance Social Media Engagement: Share helpful summer tax tips, reminders for quarterly taxes, or fun posts about your team enjoying summer activities.

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The Cryptocurrency Tax Loophole No One Is Talking About

LyfeAccounting

You find yourself stuck staring at your Robinhood account with two choices: you can sell now to make the pain stop, or. The IRS doesn’t really approve of people trying to game the system and would like investors to bear some risk for their trades. you can hold knowing the future is uncertain. Talk to us today!

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Top 5 Write Offs for New LLCs in 2021

LyfeAccounting

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. in self-employment taxes!

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10 Tips on How To Avoid Paying Taxes in 2022 Legally

LyfeAccounting

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. When you buy art, it can be a tax write-off. That’s just the opening move in a game of chess. But that’s not where it stops right.

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How to Write Off Your Dream Car Tax Free in 2021

LyfeAccounting

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. So we’re not going to use a bunch of tax jargon you will read on other blogs. And this can be a tax savings of 30-40%! Final Takeaways.

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AI Systems Take Center Stage in 2023 Innovation Awards

CPA Practice

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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How to Pay ZERO in Taxes with Real Estate

LyfeAccounting

So by the end of this post, I expect you will know more about the tax system and what you can do to start paying less taxes. And we always advise that you speak to your accountant or lawyer for specific recommendations for you. Know the game and increase your chances of dominating the game. Contact us today!