LyfeAccounting

JANUARY 20, 2021

Questions like: If I got it last time, can I get it again? So, today, I’ll be providing the answers to most common questions you may have surrounding the new PPP loans so you can get the support you need. You had paid salaries and payroll taxes or paid independent contractors. You have fewer than 300 employees.

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LyfeAccounting

AUGUST 3, 2021

We know many of you have had issues applying for PPP loan forgiveness through your participating lender or bank. . If you recall, the Paycheck Protection Program was released to help small business owners retain their employees and remain in business. Who Can Use the PPP Loan Forgiveness Portal?

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ThomsonReuters

APRIL 25, 2024

As an accountant, advising your clients on retirement income taxes and related strategies can help them to optimize their financial planning in their golden years. Let’s take a look at some commonly asked questions on retirement income taxes and how your firm can best advise clients as they approach their retirement years.

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LyfeAccounting

NOVEMBER 4, 2020

If you’re a new business owner or thinking about starting a business for the first time, or even if you already have a business and want to make sure you’re doing everything correctly, then this post is for you! Sole proprietorships. Let’s first start with Sole Proprietorships. Sole Proprietorship. Partnerships.

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LyfeAccounting

JUNE 11, 2021

And then, on the backend, you can pay yourself with distribution and not pay self-employment taxes because S-Corporations don’t have to pay them anyway. S-Corporations became a popular tax status because you do not have to pay self-employment taxes on its earnings, so long as you pay yourself a reasonable salary.

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LyfeAccounting

FEBRUARY 4, 2021

?. Over the course of 2020, the rules related to PPP forgiveness application have changed. Some revisions have made the process easier for businesses with smaller loan amounts. Let us first discuss the basic PPP rules that have been established. Now technically you still have plenty of time. Basic PPP Rules.

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Snyder

JUNE 20, 2022

Small business owners often have to deal with every facet of business to ensure its success. So for a small business owner, it’s vital to understand accounting so they can understand their business and also be able to communicate with banks and investors. However, it’s strongly recommended to have a separate account.

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MazumaBusinessAccounting

AUGUST 12, 2021

In this blog, we will review 5 different types of business entities along with their advantages and disadvantages so you can decide which works best for your business. Sole Proprietorship. Many small business owners form a sole proprietorship when they’re just starting out. You have complete control.

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ThomsonReuters

DECEMBER 29, 2020

The law includes a number of payroll-related provisions aimed at helping employers and workers close out 2020 and begin 2021. The editors of the Thomson Reuters Checkpoint payroll news team feel it would not be too bold to write that 2020 has been a challenging one. Extension of Certain Deferred Payroll Taxes.

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