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Payroll Taxes vs. Income Taxes | What’s the Difference Between Payroll and Income Tax?

LyfeAccounting

With our first business, LYFE Marketing, I remember stressing to figure out what was the best way to pay my taxes. To start, I didn’t know what forms I needed to fill-out. I missed payroll tax filing deadlines that cost me thousands of dollars. I’m also going to give you some tips to help you in your journey.

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Final Restaurant Revitalization Fund (RRF) SBA Report Due April 30, 2023 — Here’s How to File

Nancy McClelland, LLC

The two year-end reporting dates were intended as just a progress report of what the recipients had spent so far in eligible costs. The great news for most businesses was that if all the RRF funds were allocated to eligible costs before the first reporting date, no additional reporting was required.

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How to Increase Profit in Your Business!

LyfeAccounting

Also, keep in mind that every industry and business are different so what’s important is you consult your CPA for specific advice on your business. you would need to know what your weight is today in order to know if you’re losing weight. Either way, I know this post is for you. Three Major Concepts Related to Profit. Bookkeeping?

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PPP Forgiveness Application: 2021 Updates and FAQ

LyfeAccounting

Now, what has changed? What You Need For Your PPP Forgiveness Application. A quick side note here, if don’t know what a covered period is, it simply means 8 or 24 weeks from the day you received the loan. And you can choose which period to use and match it up with your payroll which is called the alternative covered period.

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Accounting Tips for Start up Freelancers

Cheap Accounting

Here’s a few tips to get you started. Ownership of a limited company is by way of shares allocated to and purchased by shareholders. What taxes will I pay? Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. It can all seem daunting and overwhelming at first.

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Last Week in Payroll: In Like a Lion; Out Like a Lamb

ThomsonReuters

This makes a business’s payroll department very important since it is typically an employer’s greatest expense. And arguably the most important (and challenging) time to be a payroll professional, is during the period known as “year-end.” This can make March an interesting month for payroll professionals. Federal News.

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