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How To Opt-Out of Monthly Child Tax Credit Payments

LyfeAccounting

Step 1: You need to access the child tax credit update portal. If you have an IRS account or ID.me account, all you have to do is sign in and you’re good. If you don’t have an IRS account yet, then sign up and verify your identity by providing a photo identification. And in order to do so, you must verify your identity.

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New SBA PPP Loan Forgiveness Portal | Apply for Forgiveness Easier

LyfeAccounting

The specific documents that are required will depend on the information provided on your original PPP loan application and how you used the funds. . But you can start gathering this information now so once the portal opens, you can submit your application right away. . Covered operating expenses. Covered supplier costs. Contact us now!

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Single Member LLC: What You Need to Know This Tax Season (2021)

LyfeAccounting

So if you want to start a business and believe that a limited liability company is the best entity type for you, t hen you must go to your state’s business division to gain information about their specific process. As a sole owner of an LLC, you will want an employer ID number, even if the business has no employees.

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Tax Benefits of S-Corporation: How Does a S-Corp Save Taxes?

LyfeAccounting

Now, we have to warn you that even with all of the tax benefits of S-Corps, they are not the right choice for everyone. Also, the information in this post is solely for educational purposes only. You’ll want to consult with a CPA , or your tax and legal advisor regarding your specific business. Contact us today!

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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%!

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The Best Online Accounting Software for Small Businesses

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A skilled accountant will keep you tax compliant and ensure that you’re always in-the-know and focused on the big picture when it comes to your financials. And cost can definitely feel like a huge barrier here – it can be hard for a small business to afford to hire an accountant. Or the interest!?) .

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Tax Refund in 2021: Why You Still Don’t Have Your Money

LyfeAccounting

Click on that and you will be able to put in some information and find out what stage in the process your refund is in. You will need three pieces of information: your Social Security number, your filing status, the exact amount of your refund. What Stage Your Tax Refund Is? your tax refund was sent.

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