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How to Change from an LLC to an S Corporation

xendoo

When you’re ready to change from an LLC to S Corp, we recommend that you consult an accountant or tax preparation services to make sure there are no mistakes that could cause you to lose your money-saving tax status. With bookkeeping, tax consulting, and tax filing all under one roof, your U.S.-based

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

LyfeAccounting

However, even if he leaves $40,000 in his company account business-related expenses, h e will still have to report and pay taxes on the full $100,000. This is why having a good accountant on your side who can help you with your tax planning, bookkeeping, and tax preparation are so important.

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The Best Online Accounting Software for Small Businesses

xendoo

Additionally, if you wait until tax time to get it together, it can end up giving you a real headache – hiring an accountant at the last minute with books full of errors could cost you more than you set aside in the first place. What does online accounting software do? Why your small business needs accounting software.

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Small Business Tax Filings – Everything You Need to Know to Avoid IRS Penalties!

LyfeAccounting

So now that you know the different types of Forms and regulation for tax filings that you have to do for your small business, you are probably considering getting the help of expert tax consultants to help you. LYFE Accounting has everything you need for your businesstax filings.