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New Sole Proprietors, LLCs, and Corporations Need Accounting and Tax Services

MyIRSRelief

If you’re new to business, you may be wondering why accounting and bookkeeping are so important. You don’t have a lot of money to spend on accounting and tax services. The truth is, accounting, taxes and bookkeeping are essential for all businesses, regardless of size or age.

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What Is Payroll Tax? A Breakdown for Business Owners

inDinero Tax Tips

What is payroll tax? Since businesses are responsible for calculating, withholding, and remitting the tax to the government, navigating this process can be an administrative challenge. In this article, we’ll explain the basics of the tax and how to do payroll yourself. How Much Is Payroll Tax?

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Beyond tax season: creating revenue stability year-round

ThomsonReuters

Stay top-of-mind with tax and accounting clients all year. Companies that only offer tax services have to start over each year building a brand through marketing and advertising. Small businesses often have very limited staff, which means the owner or one of the employees is in charge of payroll. Bookkeeping.

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Commingling Funds: How to Address the Problem and Avoid It in the Future

inDinero Tax Tips

Indinero’s online bookkeeping services are here to help with this tedious task. Fringe Benefits The most straightforward practice is to amend your payroll reports and recategorize the commingled purchase as fringe benefit compensation. This process will result in taxable income to the shareholder.

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4 Ways Small Business Owners Can Stay Tax Compliant

xendoo

Instead of playing phone tag with your finance professional over missing documents, you can work with an online accountant who will determine the tax deductions you qualify for and file your taxes on your behalf, so you can get back to what you love – growing your business! . Pay Self-Employment Tax.

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How to Survive Tax Busy Season: Tax Season Tips and Apps

Snyder

We have our regular workload, and then add in 500 personal income tax returns with myself being the only one who actually works on the returns. We have a tight workflow, and we don’t take on anything new until after tax season ends. Want to automate your clients’ payroll? What’s the most challenging thing about this time?

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