LyfeAccounting

NOVEMBER 10, 2020

Also, keep in mind that every industry and business are different so what’s important is you consult your CPA for specific advice on your business. How to Increase Profit in Your Business? Bookkeeping. The very first thing that you need to do in order to increase your profit is bookkeeping. Bookkeeping?

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bookkeeping accounting and finance payroll tax Start-ups 52

LyfeAccounting

NOVEMBER 2, 2020

But that engagement can be renewed as many times as the businesses would like. And since your level of control is relatively, your level of financial and legal responsibility is also low. You don’t have to pay payroll taxes or benefits that you may give a W2 worker such as health insurance, PTO or even overtime.

payroll tax 52

payroll tax Tax Legal payroll 52

xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

business tax 52

business tax Tax income tax payroll tax 52

xendoo

JANUARY 30, 2023

Minimizing your company’s tax burden can help maximize profits. One way of doing this is through business tax credits. Leveraging the right tax credits can save your business thousands of dollars in taxes each year. How do you know which tax credits will save you the most money?

business tax 52

business tax Tax tax return income tax 52

Snyder

JUNE 20, 2022

What is small business accounting? Basic steps in accounting for small businesses. Open a business bank account. Go through business bookkeeping basics. Track your small business profit and expenses. Get to know small business tax obligations and procedures. What is small business accounting?

accounting basics 52

accounting basics general ledger Account accountant 52

LyfeAccounting

NOVEMBER 4, 2020

Sole proprietorship small business tax filings are actually the same as single-member LLCs. The only difference between a sole proprietorship and a single-member LLC is an LLC legally protects the owner’s assets in case of a lawsuit. Form Schedule C is not actually a separate business tax return. Let me explain.

business tax 52

business tax Tax tax return payroll tax 52

inDinero Accounting

JANUARY 9, 2023

As a result, the first few years may see negative returns, and hence no income tax liability. However, this doesn’t mean you shouldn’t concern yourself with taxes. First of all, there are many other taxes – such as payroll tax, property tax, sales tax, and excise tax – to worry about.

Account 52

Account accountant accounted accrual accounting 52

inDinero Accounting

JANUARY 9, 2023

Getting into legal troubles. As a result, the first few years may see negative returns, and hence no income tax liability. However, this doesn’t mean you shouldn’t concern yourself with taxes. First of all, there are many other taxes – such as payroll tax, property tax, sales tax, and excise tax – to worry about.

Account 52

Account accountant accounted accrual accounting 52

Snyder

DECEMBER 28, 2022

While deducting business expenses from a tax return is a legal method of saving money, claiming multiple large expenses may lead to an IRS tax audit. This one’s tricky: in such cases state tax agencies are more likely to trigger an audit by notifying the IRS. IRS audit trigger #5. Taking big deductions.

audit 98

audit Tax tax return auditor 98

LyfeAccounting

DECEMBER 28, 2020

Yes, even many accountants I know aren’t aware of the tax incentives that small and large businesses are taking advantage of to DRAMATICALLY reduce their tax liability. So in this post, I’m going to uncover and fully breakdown small business tax credits and incentives that can put tax dollars back into your pockets.

business tax 52

business tax Tax tax return Government 52