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Demystifying Taxes for Startup Founders: Deadlines You Need to Know

Shay CPA

The beginning of a new calendar year means every business owner needs to put some thought into tax filings. Beyond filing for your own company, you also have fast-approaching responsibilities pertaining to your employee’s taxes and their ability to file. A big change went into effect for your contractors for the 2023 tax year.

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Tax Season 2024- Get Your Books Ready in 6 Steps

Shay CPA

Don’t shoot the messenger: it’s time to do your taxes. Plus, getting things in order before you go to your accountant can streamline the process, helping you avoid extra expenses like troubleshooting services from your bookkeeper or rush-order billable hours with your CPA. Very few founders enjoy doing their taxes.

Tax 52
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How Does Online Bookkeeping Work?

xendoo

In this blog post, we will discuss how online bookkeeping works and how it is crucial to business growth! Historically, small business owners would partner with a local accounting firm, hire an in-house bookkeeper, or do the bookkeeping themselves with a calculator, pencil, and paper. . Tax-Ready Financials. Going Digital.

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Tax Season 2023: Get Your Books Ready

Shay CPA

Don’t shoot the messenger: it’s time to do your taxes. Plus, getting things in order before you go to your accountant can streamline the process, helping you avoid extra expenses like troubleshooting services from your bookkeeper or rush-order billable hours with your CPA. Very few founders enjoy doing their taxes.

Tax 52
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How Many LLCs Do You Need for Real Estate Investing?

LyfeAccounting

On top of that, having separation or multiple LLCs for each rental property means that it also separates the financials and taxes more. This means each property should have its own LLC with its own EIN number, bank account, credit cards, etc. One bank & credit accounts. Multiple bank & credit accounts.

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LLC Costs: How Much Does it Really Cost to Start an LLC in 2021?

LyfeAccounting

And depending on the state, you may also have to pay state franchise taxes. A registered agent is a person or business that will receive legal and other documents on behalf of your business such as tax notices or subpoenas. Like applying for your EIN, setting up your bank account, or even being your registered agent.

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6 Easy Steps on How to Buy a Business in 2021

LyfeAccounting

Business financials – like tax returns, profit and loss statements, cash flow statements , and balance sheets. Here is where you learn about the company’s revenue, expenses, profitability, outstanding debt, accounts receivable, business assets and other pertinent information. Reputation of the business.