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6 Bookkeeping Tips for Your Business! What You Actually Need to Know

LyfeAccounting

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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Rules for When To Issue a 1099 Form to a Vendor – Updated for 2023

Nancy McClelland, LLC

It is true that over time, these forms have continued to change, and the rules have become more specific… but the basics remain the same. The most important point is that only businesses need to issue 1099s — if you paid someone for personal purposes, you are not (yet) required to send them or the IRS a Form 1099.

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Rules for When To Issue a 1099 Form to a Vendor – Updated for 2023

Nancy McClelland, LLC

It is true that over time, these forms have continued to change, and the rules have become more specific… but the basics remain the same. The most important point is that only businesses need to issue 1099s — if you paid someone for personal purposes, you are not (yet) required to send them or the IRS a Form 1099.

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Why Bookkeeping is Important [15 Things Small Businesses Should Know]

LyfeAccounting

Today, I’m going to give you 15 reasons why bookkeeping is important. You heard that right, not 5, 15 convincing and valid reasons. But if I was you, I’d place bookkeeping at the top of my important list as it affects literally everything I just mentioned, which you’ll see why and how by end of this post.

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What is a CPA, What Do They Do, and Who Needs One? Here’s Everything You Need to Know

LyfeAccounting

Why does it matter? CPAs are trusted advisors that help businesses with all sorts of business matters, which ultimately have financial implications. In order to become licensed as a CPA, you must pass rigorous requirements. First, you have to meet educational requirements. million bookkeepers, and at least 1.2

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Tax Benefits of LLC | LLC Taxes Explained by a CPA – How does a LLC save taxes?

LyfeAccounting

The answers to these questions may influence the entity structure that you choose for your business, and how much money you end up paying the IRS. Or how politicians and alleged millionaires have tax schemes to not pay any taxes to the IRS. And maybe you’ve heard that LLCs can help you evade taxes all together.

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Single Member LLC: What You Need to Know This Tax Season (2021)

LyfeAccounting

LLC stands for limited liability company which is simply a type of business entity you can create when you choose to go into business. All these business entities have their own unique advantages and disadvantages. And LLCs are most known for their advantage of separating business assets from personal assets.

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