TaxConnex

APRIL 27, 2021

Sales tax obligations are getting more complicated for businesses of all industries. In this blog, we’ll talk to some of the common missteps businesses make when trying to manage sales tax on their own. Figuring out where you have nexus is key to determining your sales tax liability.

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Sales Tax Wisconsin Missouri 130

Snyder

OCTOBER 31, 2022

You may want to start a new career or may consider starting an e-commerce store as a possibility of additional income. Whatever the reason, selling on Shopify may become your solution as it’s really easy and convenient. A guide to e-commerce business with Shopify: 1. How to add helpful pages to your Shopify store?

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E-commerce Start-ups Tax Sales 97

LyfeAccounting

APRIL 30, 2021

Today, we’ll be going over the top 5 write offs you could be taking for your LLC this year, next year, and the next year after that. All to save you the most on your taxes. Chances are if you’re reading this post, you have an LLC, or at least are thinking about starting one of your own. Are you ready?

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Tax Real Estate tax planning accounting and finance 52

Shay CPA

JUNE 7, 2023

In the grand scheme of things, layoffs can be a critical strategic move to help your company survive long-term. But if you’re in the middle of a round of layoffs or even considering them, it’s hard to get that high-level view. Plus, you probably want time to finesse your severance packages (if you’re offering them).

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payroll Montana Hawaii Utah 52

ThomsonReuters

AUGUST 24, 2023

Jump to: What is tax depreciation? What is bonus depreciation? How to calculate tax depreciation What are the tax depreciation methods? What is MACRS? What is tax depreciation? Instead, businesses must deduct a part of the cost each year until they fully recover the cost.

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Tax business tax tax return Account 87

Ronika Khanna CPA,CA

NOVEMBER 17, 2023

What is the Gig Economy? What is the Gig Economy? Gig workers tend to be independent contractors who usually decide when they are going to work, often bring their own “tools” (such as a car or a computer) and are required to report their earnings to tax authorities.

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Tax E-commerce audit income tax 52

inDinero Tax Tips

NOVEMBER 16, 2021

Solar panels are a great, environmentally friendly way to reduce your energy costs. There are many tax benefits to installing solar panels, some of which will be well in excess of your tax liability. However, a small business cash flow doesn’t have to be an obstacle to going green. Think again!

Tax 52

Tax accounting and finance business tax tax preparation 52

inDinero Tax Tips

NOVEMBER 16, 2021

Solar panels are a great, environmentally friendly way to reduce your energy costs. There are many tax benefits to installing solar panels, some of which will be well in excess of your tax liability. However, a small business cash flow doesn’t have to be an obstacle to going green. Think again!

Tax 52

Tax accounting and finance business tax tax preparation 52

LyfeAccounting

APRIL 23, 2021

” But hold on, what if we told you, you can get it for free. And what if we told you the business tax code was actually set up for you to do so? In this post, let us show you how to write off your dream car, so keep reading. Ways on How to Write Off Your Dream Car.

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Tax quickbooks Real Estate accounting and finance 52

Withum

FEBRUARY 24, 2023

Obviously, I find this interesting or would not write about it. Anyone paying attention would become unnerved and question what they were doing. In effect, they become entrenched in what they did. The news, whether good or bad, doesn’t move them to consider changes.

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Start-ups Education Tax 69

LyfeAccounting

MARCH 16, 2021

Today, we have a major update for you – business meals are now 100% deductible as of the year 2021. Yes, this big news for everyone because the old rule was that you could only deduct 50% of your business meals from your taxable income. The New Tax Deduction Update for Business Meals.

Tax 52

Tax Entertainment tax return tax preparation 52

LyfeAccounting

NOVEMBER 9, 2020

LLCs are by far the most popular entity type amongst small businesses. But what exactly are the benefits of an LLC? How does it protect your business? And more importantly, what are the tax benefits of choosing an LLC over another entity? The tax loopholes associated with LLCs. LLC Tax Loopholes.

Tax 52

Tax CPA tax return accounting and finance 52

Going Concern

MAY 19, 2023

Of all the occupations most at risk of being replaced by synths AI in the near future — bookkeepers, programmers, and washed-up accounting blog writers, to name a few — no one really talks about how ChatGPT, Bard, and Microsoft’s Bing AI (if you’re counting that one) will impact scammers.

Legal 59

Legal Tax Retail tax preparation 59

LyfeAccounting

JUNE 7, 2021

We have 10 tips on how you can avoid paying taxes. Because for most people, paying taxes is such a drag, annoying, frustrating… So today, we want to talk about how to avoid taxes and give you 10 legit and legal ways to do so. Now in 2021, you start paying taxes the second you make over $9,875 a year as an individual.

Legal 59

Legal Tax income tax Real Estate 59

Withum

APRIL 11, 2023

I am on the board of directors of an organization and was emailed six voluminous proposals (by the same person) for a major project that we were considering funding. The problem is that everything takes time and it is pretty unproductive time except for what little is added to my data base of knowledge in my brain.

Tax 59

Tax 59

Snyder

DECEMBER 27, 2022

With the rise of online platforms like Upwork, Fiverr, and Remote.co, more and more people are working remotely to offer their services to businesses worldwide. This means that nowadays, freelancers have greater opportunities to find work and grow their businesses faster. What do freelancers appreciate in their job?

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ThomsonReuters

OCTOBER 5, 2023

Jump to: What is amortization in accounting? What are the different amortization methods? These assets vary depending on the type of business, but they often include such tangibles and intangibles as office buildings, corporate vehicles, computers, patents, copyrights, and trademarks. What is amortization in accounting?

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Account accountant accounted Expense Amortization 52

5 Minute Bookkeeping

MARCH 25, 2021

The key is knowing which is which and what goes on inside QBO when you create journal entries to make corrections. The key is knowing which is which and what goes on inside QBO when you create journal entries to make corrections. When you’ve got a problem in QuickBooks Online, the ‘easy fix’ is making a journal entry…right?

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inDinero Tax Tips

NOVEMBER 15, 2021

Claiming deductions can save your company thousands of dollars in income taxes. However, if you’re claiming ineligible business expenses , you risk facing an audit. If the thought of filing your taxes is enough to make you sweat, you’re not alone. . Understanding Deductible Business Expenses.

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Tax income tax Legal Entertainment 52

ThomsonReuters

NOVEMBER 2, 2021

As a corporate tax professional, you know the complexities of complying with business taxation requirements. Your company may have to file corporate tax returns in multiple states and local jurisdictions, as well as with federal — and perhaps international — tax authorities. Every company in the U.S.

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Snyder

JULY 13, 2022

If you’re wondering how to sell on Etsy, what your Etsy store cost will be, and whether Etsy is worth your time, we have good news for you – you don’t have to learn the hard way. Name your shop. Stock your shop. Your shop security. Name your shop. Stock your shop. Contents: 1. Shop preferences.

Start-ups 98

Start-ups E-commerce Maine Sales 98

LyfeAccounting

JUNE 22, 2021

If you are a sole proprietor, or in other words, you are doing business and have not formally incorporated into an LLC, Corporation, or Partnership, then you are a Sole Proprietor. And guess what, today’s episode is all about you. How sole proprietors pay taxes? What is a Sole Proprietor? So let’s begin!

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tax return Tax accounting and finance income tax 52

Nancy McClelland, LLC

JULY 22, 2022

On June 27th I woke to find dozens of notifications from MyTax Illinois in my email inbox — one for each and every client of ours who files sales taxes. But, if you dig through the bulletins you’ll find two in particular that could be important to a small business owner.

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Illinois Sales Tax tax return 52

LyfeAccounting

OCTOBER 28, 2020

As you can probably tell from the title – 5 year end tax tips, in today’s post, I’ll be going over tax tips and specifically year-end tax tips that will save you on your tax bill! Now I know the pure thought of taxes is not exactly fun. Now I know the pure thought of taxes is not exactly fun.

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Tax tax planning accounting and finance tax preparation 40

LyfeAccounting

JULY 9, 2021

Foreign earned income exclusions, so it’s time that we write a post talking specifically to the people who are U.S. And of course, the more money you make, the more you are usually taxed, right? Well no, there are actually foreign earned income exclusions that can help you avoid paying taxes on certain things. Keep reading!

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LyfeAccounting

JULY 3, 2021

So, a nonprofit organization is a business entity in which your goal is not to be profitable… …but to make money to expand on a social clause like feeding the homeless or helping victims of harsh circumstances. But we can’t ignore that it has some incredible tax benefits for its members and managers.

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Georgia Tax Start-ups Legal 52

LyfeAccounting

MARCH 10, 2021

Avoid Paying Tax Penalties: Here’s How. Delay taxes for a stimulus check? You work hard for your money, s o why would you want to give it away for free? Well, if you want to put yourself at risk of IRS tax penalties in 2021, then you’re doing exactly that. 5 Things You Should Know About Tax Penalties.

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Tax tax return Real Estate Government 52

Ryan Lazanis

SEPTEMBER 1, 2023

Each item in the list will contain a brief description and will focus on how you can level up your accounting automation. While the list of accounting software is in no particular order, it has been grouped according to categories based on their accounting features so you can find the best accounting software apps that fit your interest.

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accounting software quickbooks Account accountant 98

LyfeAccounting

JANUARY 12, 2021

Today, I will be giving you bookkeeping tips to help you better organize your companies’ finances. If you’re a new business owner or even if you already have a business up and running and want to improve the bookkeeping of your business, then this post is for you! 6 Bookkeeping Tips For Your Business.

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bookkeeping accounting and finance accounting software Finance 52

LyfeAccounting

MARCH 25, 2021

“What should my business entity be? So for the people who are new, let’s start with… What is an LLC? Essentially, it is a business entity that you can set up for your business. You see with an LLC you are able to separate your business assets from your personal assets.

Legal 52

Legal Tax accounting and finance accounting firms 52

LyfeAccounting

JULY 19, 2021

We love real estate investing because it gives you some major tax benefits such as depreciation and tax-free passive income. . But before we dive in, let us first briefly go over this… What Is An LLC and Do You Need One? Now whether or not you need an LLC really depends on your personal situation.

Real Estate 52

Real Estate accounting and finance Legal Nevada 52

Snyder

SEPTEMBER 22, 2022

If the thought of having your own online retail store has ever crossed your mind, you’ve certainly heard the word “dropshipping” over and over again like some magic spell. Sounds like it really is, but let’s look closer at what this fairy-tale magic looks like in real life. What is dropshipping? What is dropshipping?

E-commerce 52

E-commerce Manufacturing Start-ups Retail 52

ThomsonReuters

DECEMBER 7, 2023

Jump to: What is the difference between amortization and depreciation? What is the difference between amortization and capitalization? What is the difference between amortization and depreciation? Tangible assets are physical assets like inventory, manufacturing equipment, and business vehicles.

Non-Profits 98

Non-Profits Tax tax return Account 98

Ryan Lazanis

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? Great news, because this step-by-step guide will cover the critical 7 steps you’ll need to follow to set up a modern bookkeeping practice and to land your first clients. In this guide, you’ll learn: How to set up a strategic business plan.

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Anders CPA

MARCH 22, 2024

Pat discusses the power of podcasting for cannabis businesses and the benefits of interview-based podcasting. If you’re a cannabis company owner or operator who’s ready to scale your business, grow your profits, and plant the seeds to take your business to new heights. This show is for you.

Non-Profits 52

Non-Profits Texas CPA Retail 52

LyfeAccounting

JUNE 21, 2021

So there’s a new investing and business trend out there, and it’s to start a rental car company with Turo. And eventually, tax time will come. So in this post, we’ll give you the top write-offs for Turo rental car company, so you can leverage the tax system on your way to growing your new business.

Tax 52

Tax Real Estate bookkeeping small business accounting 52

LyfeAccounting

JUNE 15, 2021

So what is the #1 tax write-off for real estate investors? No, it’s not repairs, maintenance, or real estate taxes. So what is it? The number 1 tax write-off for real estate investors is…. Why This Write-off Exists in the First Place? What is Depreciation?

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