article thumbnail

New Sole Proprietors, LLCs, and Corporations Need Accounting and Tax Services

MyIRSRelief

If you’re new to business, you may be wondering why accounting and bookkeeping are so important. You don’t have a lot of money to spend on accounting and tax services. The truth is, accounting, taxes and bookkeeping are essential for all businesses, regardless of size or age. To secure funding.

article thumbnail

The Importance of a Month-End Close Process

Withum

Outsourced Accounting Systems and Services (OASyS). For more information on this topic, please contact a member of Withum’s Business Tax Services team. They also share their tips and tricks to ensure timely completion every month. Listen Now. Contact Us. Contact Us.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What's new in May for state sales and use taxes

TaxConnex

Exclusions include sales of the services in fulfillment of a lump-sum, fixed-fee contract, or a fixed-price sales contract executed on or before Feb. For gross receipts from the sale of newly taxed services prior to Jan. 1, 2023, if the gross receipts were less than $6,000 during calendar year 2021, the services are exempt.

Sales 195
article thumbnail

Equity Compensation: Incentivizing Talent and Preserving Cash for Startups

Withum

Taxability of Stock-Based Compensation The tax treatment of stock-based compensation varies depending on the type of equity award granted. Companies should frequently consult with a trusted tax professional for guidance related to the tax implications of equity compensation.

article thumbnail

Best Tax Preparation Software for Small Business: What Tax Software to Choose?

Snyder

All taxes, fees, and shipping costs end up in the right places in your accounting system. The service is designed to help detect any unexplained discrepancies. This online tax service provides personalized tax tips. If the tax filing software detects any errors, it flags them for you to fix.

article thumbnail

Tips for Startup Accounting

Withum

allows decision makers to have access to operational reports allowing a company to have granular insights into product, service and department activities. This is where outsourced accounting systems and services (OASyS) and CFO Support Services come in. Benefits of Outsourced Accounting and Finance Services.

Account 122
article thumbnail

The Home Office Tax Deduction: Who Qualifies and How to Maximize

inDinero Tax Tips

How To Calculate the Home Office Deduction Required Documentation Conclusion If this guide does not answer a tax deduction question, skip the Google labyrinth and try our ultimate business tax deductions guide or consult the IRS source documentation on the home office deduction. What Are the IRS Rules for the Home Office Deduction?

Tax 93