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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

You need to have a clear picture of what you’re spending on your business, not to mention the IRS requires documentation for all business expenses claimed on tax returns. Costs To Subtract From Gross Revenue To calculate gross revenue, you’ll need to identify the expenses you put toward your business over the course of a tax year.

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How are LLCs taxed? LLC tax benefits and tips to reduce taxes

ThomsonReuters

LLCs are considered “pass-through entities,” which means the LLC itself does not pay federal income taxes on business income. Instead, income “passes through” to individual members of the LLC, who pay federal income tax earned from the LLC via their own individual tax returns. The post How are LLCs taxed?

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