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Los Angeles tax, accounting service

MyIRSRelief

Our Los Angeles based tax firm , led by Mike Habib, Enrolled Agent, represents and helps business taxpayers get compliant with back years, contact us today at 1-877-78-TAXES [1-877-788-2937]. What are the benefits of accounting & bookkeeping services? What is income tax preparation service?

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Professionals on the Move – Nov. 2023

CPA Practice

Bookkeep Names Accounting Veteran Alison Ball as Vice President of Marketing and Communications Bookkeep, the leading accounting automation platform for ecommerce and retail, today announced the hiring of Alison Ball as Vice President of Marketing and Communications.

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

LyfeAccounting

However, if your business earns over a reasonable salary for your own work, then electing to file as a S-Corporation may be worth considering. Again, this is simplified information, but if you want to weigh the pros and cons of this, you can contact us to create a custom tax plan for you. Tax Benefit #3: Tax Write-Offs.

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US Payroll Taxes Explained (Everything You Need to Know)

LyfeAccounting

However, if you need help with your business taxes, LYFE Accounting is just one click away. We provide a number of financial solutions to businesses like yours- from tax preparation , to tax planning , to accounting , to bookkeeping , and to CFO services , we’re here to help!

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

LyfeAccounting

Now because SMLLC can be classified as a disguised entity, the responsibility for paying income taxes is passed through to the owner. This way of taxing profits is known called pass-through taxation which then references LLCs as pass-through entities. Self-employment Taxes. Get in touch with us today!

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Salary for Small Business Owners: How to Pay Yourself & Which Method (Owner’s Draw vs. Salary)?

LyfeAccounting

You’re going get taxed on all of your profits, so it’s better to pay yourself something so you can pay your tax bill, right? Why you may elect to pay yourself a W-2 Salary from your Small Business. Tax-aside, there are legitimate “business” reasons to pay yourself a salary.

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

LyfeAccounting

Sole proprietorship small business tax filings are actually the same as single-member LLCs. For tax purposes, there isn’t a difference between the two and they require the same tax forms filed and taxes paid. Form Schedule C is not actually a separate business tax return. Partnerships.