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IRS to Host Virtual Focus Groups on the Business Tax Account Online Tool

CPA Practice

If you’re a business owner or a tax professional who represents one, the IRS wants to hear from you. 22 that it’s conducting virtual focus groups starting in December to gather feedback on the business tax account (BTA) online self-service tool. “We The agency said in an email on Nov.

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Tax Changes for Payment Apps: What Small Business Owners Need to Know

xendoo

Online Bookkeeping : Tax savings begin with consistent bookkeeping, which provides the financial visibility needed to make informed, data-driven decisions, now and during tax season. . They are available when you need them, all year long. .

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Year-End Bookkeeping and Accounting Checklist for Small Business Owners

xendoo

Our online bookkeepers provide catch up bookkeeping services , so you can focus on the future. . Once January arrives, your accountant will request certain forms in order to close your books and file your small business taxes. Collect the Necessary Forms .

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Why you should register for CRA and RQ My Business Account (and how to do it)

Ronika Khanna CPA,CA

Want to Simplify Your Taxes? Stay Organized Get your free Small Business Tax Return Checklist to help you gather the key documents and information needed to prepare your return. Update Your Quebec Business Registration Once registered in Quebec, access the Registraire des entreprises through Clic Squr Entreprise.

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How Do I Pay Myself and My Taxes as a Partnership?

xendoo

Every partnership owner faces the unique challenges of self-payment, tax filing, and maximizing their tax savings. Although they would rather focus on growing their business, taxes and payroll often take up too much of their valuable time. . If the self-payment struggle is all too familiar to you, Xendoo is here to help.

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4 Ways Small Business Owners Can Stay Tax Compliant

xendoo

While the salary is subject to self-employment taxes, the distributions are exempt, which allows S-Corps to avoid double taxation. . It is always best to speak to a small business tax accountant. They will get to know your business, and determine if S-Corp Election is right for you. .

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How Do I Pay Myself and My Taxes as a Sole Proprietor?

xendoo

Be aware that sole proprietors are required to withhold self-employment taxes, which contribute to Social Security and Medicare. As of right now, the self-employment tax rate is 15.3%. So, how can you maximize your tax savings? Business tax preparation and filings are included with almost all of our packages!

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