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Finding Your Financial Compass: Why Small Businesses in Los Angeles Thrive with Specialized Tax and Accounting Support

MyIRSRelief

Here’s a glimpse into some of the prominent sectors and the tailored support a specialized tax and accounting firm can offer: Entertainment Industry: From bustling studios in Hollywood to independent production houses, the entertainment industry is a major player in LA.

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Tax Problem Resolution in the Inland Empire, CA

MyIRSRelief

Navigating tax issues can be daunting, especially when facing audits, unpaid taxes, or payroll problems. This FAQ guide provides insights into common tax problems and solutions available in Corona, CA. What is Audit Representation and How Can It Help Me in Corona, CA? Victoria Gardens: Shopaholics rejoice!

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Are Gifts to customers and business associates deductible expenses?

Ronika Khanna CPA,CA

Sending a diamond bracelet to a customer who has purchased something from you once, will very likely be audited and disallowed. This will jog your memory in the event of an audit and provide a documentary trail that auditors are fond of seeing.

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20 Essential Tax Facts for Small Business Owners

Ronika Khanna CPA,CA

Meals and entertainment in which business was discussed. With certain exceptions, only 50% of meals and entertainment can be written off. It is a good practice to write the name of the client/customer or business purpose on all receipts in case of audit. Corporations are required to file a separate corporate tax return.

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Tax Deductions Guide 2021

inDinero Tax Tips

Claiming deductions can save your company thousands of dollars in income taxes. However, if you’re claiming ineligible business expenses , you risk facing an audit. If the thought of filing your taxes is enough to make you sweat, you’re not alone. . Many of them may affect the 2021 tax year.

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HMRC Business Enquiry/ HMRC Corporate Enquiry

Accounting Insight

A large business tax enquiry / corporate tax enquiry is carried out by HMRC’s ‘Large Business’ directorate and ‘Wealthy & Mid-sized Business Compliance’ directorate. Remember, a corporate tax enquiry is not routine, despite what HMRC may suggest. What is a business tax enquiry / hmrc corporate enquiry ?

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Gross vs. Net Income: What Employers Should Know For Tax Time

inDinero Tax Tips

Sole proprietorships, partnerships, limited liability companies (LLCs), and S-corporations are pass-through entities; owners report their income as personal income on their tax returns and pay regular income tax. On the other hand, C-corporations pay corporate tax, and their owners pay regular income tax on dividends.

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