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Los Angeles Tax Services – Local tax firm serving all Southern California

MyIRSRelief

Taxes can be broken down into three categories: what you purchase, what you own, and what you earn. They contribute to resources such as our government, educational systems, law enforcement, libraries, and others. However, individuals who fail to pay taxes can suffer penalties and potential criminal charges.

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Friday Footnotes: Remembering Legend Sid Kess; Andersen’s Doing Great; Poland Banned Deloitte From Auditing? | 9.22.23

Going Concern

James Greiner said he was not shocked about the layoff, but was surprised it happened right before the third quarter tax deadline for clients. economy, including employment, labor income, and tax contributions to federal, state, and local governments. Greiner was a client-relationship manager for Croft and Frost for a year and a half.

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Tax Benefits of S-Corporation: How Does a S-Corp Save Taxes?

LyfeAccounting

Also, the information in this post is solely for educational purposes only. You’ll want to consult with a CPA , or your tax and legal advisor regarding your specific business. 4 Tax Benefits of S-Corps. Tax Benefits #3: Low Risk of Audit. Since 2010, S-Corp audits have dropped about 34%.

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Small Business Tax Deductions: Pay Less in Taxes with Business Deductions in 2020

LyfeAccounting

But you want to make sure you’re doing things right , so you can avoid an audit. Let’s go ahead and look at some categories that are 100% tax deductible (meaning they deduct from your revenue, dollar for dollar). Tax Deductible Categories. Education costs. …are all common business education expenses.

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IRS Audit Red Flags & Triggers: How the IRS Catches You

LyfeAccounting

Now, we want to help you avoid an IRS audit! Although your chances of being audited in general are pretty low, there are certain IRS audit red flags that increase your odds dramatically. 8 IRS Audit Red Flags to Watch Out For. 8 IRS Audit Red Flags to Watch Out For. In 2019, the IRS audited 0.4%

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