inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware offers perhaps the most favorable tax treatment to businesses. Historically, in the U.S.,

Delaware 52

Delaware Nevada Tax Sales 52

Ronika Khanna CPA,CA

MARCH 24, 2022

The space designated as your home office is used to earn business income and/or you meet clients or customers on a regular basis. For example, you cannot deduct expenses relating to the workspace in your garage which is used for home improvement projects from which you do not earn income.

Tax 91

Tax audit income tax accounting and finance 91

Snyder

JUNE 24, 2022

We’d reiterate that while you can download forms from Shopify, you’ll require accounting software to deal with the bigger picture: calculating total income and expenses and overall tax liabilities.

E-commerce 52

E-commerce tax return bookkeeping accounting software 52

Ronika Khanna CPA,CA

FEBRUARY 23, 2023

You must be able to demonstrate that the meals related to earning business income. It is a good practice to write the name of the client/customer or business purpose on all receipts in case of audit. Life insurance premiums are not tax deductible unless the beneficiary is the business.

Tax 52

Tax tax return business tax income tax 52

Withum

MAY 17, 2022

The R&D tax credit is just one example, and your company may benefit from other federal and state tax incentive programs. Going public requires credible, audited financial statements under PCAOB guidelines to comply with strict SEC regulations. Your accounting team will need ample time to produce these statements.

Technology 52

Technology audit accounting and finance payroll tax 52

inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. To compete for business tax income with New Jersey and New York, Delaware made incorporating within its borders easier for absentee (aka out-of-state) companies and incentivized absentee companies to do so.

Delaware 64

Delaware Wyoming Nevada Oregon 64

Snyder

JUNE 20, 2022

In general, business accounting is the process of organizing and analyzing a company’s financial information to plan and advise on taxes, file tax returns, make forecasts, and help with data-driven financial decision making. So let’s proceed to small business accounting basics. Self-employment tax.

accounting basics 52

accounting basics general ledger Account accountant 52

xendoo

JUNE 11, 2022

Understanding your accounts receivable can help you evaluate your overall financial liquidity and stability. . For a healthy accounts receivable, you should have an accounting system that accounts for and limits bad debts. . Accounts Receivable Examples. You decide when that write-off will occur.

accounts payable 71

accounts payable Account accountant accounted 71