Nancy McClelland, LLC

DECEMBER 28, 2022

As anyone who’s worked with me — clients, team members, colleagues, vendors — knows, I adore Gusto Payroll. They truly changed my life for the better (not to mention the lives of thousands of small business owners) when they decided to create a tech-forward payroll company that seamlessly syncs with QuickBooks Online.

payroll 52

payroll payroll tax income tax quickbooks 52

LyfeAccounting

NOVEMBER 17, 2020

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 missed payroll tax filing deadlines that cost me thousands of dollars.

income tax 52

income tax payroll tax payroll Tax 52

LyfeAccounting

DECEMBER 7, 2020

Today, we’re going to be deep-diving into US payroll taxes. My promise to you is that any question you have about payroll taxes will be answered and the high-level details you need to know about payroll taxes will be shared. Categories of US Payroll Taxes. Types of US Payroll Taxes. So let’s get started!

payroll tax 52

payroll tax payroll Tax income tax 52

Shay CPA

FEBRUARY 28, 2024

3: Do the work to maximize deductions If you have a finance team, work with them to flag expenses that might be deductible. 3: Do the work to maximize deductions If you have a finance team, work with them to flag expenses that might be deductible. for a more in-depth look, check out this blog) Dues and subscriptions (e.g.,

Tax 52

Tax CPA bookkeeping tax preparation 52

Shay CPA

FEBRUARY 15, 2023

3: Do the work to maximize deductions If you have a finance team, work with them to flag expenses that might be deductible. for a more in-depth look, check out this blog ) Dues and subscriptions (e.g., Amazon, Staples) Payroll (e.g., for a more in-depth look, check out this blog ) Dues and subscriptions (e.g.,

Tax 52

Tax CPA bookkeeping tax preparation 52

LyfeAccounting

JUNE 4, 2021

Should it be deducted from your paycheck, paid quarterly at tax time, or what? You’ve probably heard of several ways of paying yourself from your business – like dividends, distributions, draws, W-2 wages, and so much more. Because of this, you do not have to pay yourself W-2 wages. Alright, so you are living the dream.

CPA 52

CPA income tax Tax accounting and finance 52

ThomsonReuters

MARCH 1, 2024

What IRS tax forms do S corps file? In addition, the business owner of an S corp is required to pay themselves a W-2 salary (with taxes withheld), which is reported as income on the S corp owner’s IRS Form 1040. What are the tax advantages of an S corporation? Jump to: How are S corporations taxed?

corporation tax 52

corporation tax Tax tax return income tax 52

LyfeAccounting

JULY 28, 2021

And that is by hiring them in your business and placing them on the payroll. Today, we’re excited to show you how to hire your kids and put them on the payroll. You get a tax write-off for the pay you give them and in turn, your kids (or you) can use that income tax-free to help provide for what they need. It’s simple.

Tax 52

Tax payroll payroll tax Real Estate 52

LyfeAccounting

JANUARY 19, 2021

That’s why in this post, I want to make sure everyone understands what they need to know about getting approved for the new PPP Loan. Alright, so here’s what you need to know to get the PPP loan in 2021. ?. It’s finally happening! The PPP loan is being expanded for 2021. And if you have an existing PPP loan. Feds recently seize $8.4

payroll 52

payroll Florida tax return accounting and finance 52

Nancy McClelland, LLC

DECEMBER 28, 2022

Note: much of the information below was pulled from the old Polito Eppich website — however, they have since merged with another firm to become Magnus Blue , and as such have removed their former blog content. If you’re not careful, then the deduction is mistakenly taken on both the entity-level and personal returns.

payroll 52

payroll payroll tax Tax tax preparation 52

LyfeAccounting

JANUARY 25, 2021

And it could be extremely stressful if you don’t know what you’re doing. Mostly because there are 3 sides to paying your employees: 1. I’ve been through it all, from trying to figure out how to do payroll for my very first employee, to figuring out how much I should pay my employees. Determining how much to pay your employees.

payroll 52

payroll payroll tax quickbooks Start-ups 52

LyfeAccounting

JULY 12, 2021

So our goal for this post is to demystify the 70,000-page tax code for the self-employed into a simple post that will help you understand what self-employment tax is. Unlike W-2 employees who have their taxes withheld from their paychecks by the company they work for, the self-employed are responsible for withholding their own taxes.

Tax 52

Tax income tax payroll tax tax return 52

LyfeAccounting

MARCH 5, 2021

Tax Differences: What Are The Taxes Involved For All Entities? ?. Which business entity is going to save you the most money on your taxes? Sole proprietor vs LLC vs S-Corp vs. C-Corp – which one should you choose? Now, your tax expense can greatly vary based on the entity you select here. With that said, let’s begin. tax on your income.

Tax 52

Tax Legal tax return Non-Profits 52

ThomsonReuters

DECEMBER 3, 2020

The draft addresses issues such as qualified leave wages for 2020 paid in 2021, the impact of the 2020 COVID-19 related tax credits on the 2021 look-back period and provides further clarification on lock-in letters and invalid W-4 forms. What’s New. Background. Employer Identification Number.

income tax 78

income tax Tax payroll tax payroll 78

ThomsonReuters

AUGUST 15, 2022

What is the EEOC? The data is referred to as Component 2 data and includes employee wage data from Box 1 of the Form W-2 (Wage and Tax Statement). 17-2458, 4/3/19]. This type of pay data collection may again be a reality for many employers when the majority of the Commission five-members tips in favor of the Democrats.

Illinois 97

Illinois payroll California Government 97