LyfeAccounting

DECEMBER 1, 2020

C-corps are taxed once at the company level, and distributions of profits (aka dividends) to shareholders are taxed again on shareholders’ personal tax returns. Now here are the steps on how you can incorporate a business. Steps on How to Incorporate a Business. Make sense? You proceed with incorporating.

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bookkeeping accounting and finance Georgia Tax 52

LyfeAccounting

JULY 3, 2021

When people give you money or they give you grants, they can write them off as a charitable donation on their tax return. For example, in Georgia, your nonprofit must include at least 3 directors not related to each other. So in Georgia, you need 3 people, and in California, you need 6 people.

Georgia 52

Georgia Tax Start-ups Legal 52

LyfeAccounting

DECEMBER 28, 2020

And while I can’t tell you if those stories are true or not, or whether or not they’re committing fraud or not… I can tell you for a FACT that there are incentives BAKED into the tax law that allows businesses and individuals to save on their taxes. The “What” and “Why” of Business Tax Credits.

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business tax Tax tax return Government 52