LyfeAccounting

OCTOBER 12, 2020

?. There is one thing in business that is constant and remains the same: The need for proper bookkeeping and accounting. According to Entrepreneur Magazine , 7 out of 10 businesses fail within 10 years due to their inability to control expenses. Why do you even need a CPA? What should you look for in a Virtual CPA?

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CPA Practice

NOVEMBER 29, 2023

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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CPA Practice

APRIL 17, 2023

While the economy and supply chains may still have some hiccups related to the end of the pandemic, one thing is clear: The demand for the services of accounting, finance and tax professionals is growing strong. Unfortunately, there’s also a “critical talent shortage,” says Tom Hood, CPA, a vice president with the AICPA. ( [link] ).

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LyfeAccounting

OCTOBER 28, 2020

Their financial mismanagement may result in their failure to make decisions to grow their business, meet financial obligations like paying employees or their rent, miss tax deductions that can save them money, or fail to pay their taxes all together. And, it’s probably not why you decided to go into business for yourself.

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accounting basics CPA Account accountant 52

xendoo

JANUARY 11, 2021

They know they’re probably making mistakes and missing opportunities that a pro would spot right away, but they don’t know if accounting services will save more than they cost. “How much do accountants charge for year-round bookkeeping services?” Typical rates are: Bookkeeper — $30 to $90 per hour.

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LyfeAccounting

NOVEMBER 9, 2020

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. In this post, I’m going to explain all of the tax benefits related to LLCs. Lastly, although I am a licensed CPA, the information in this post is solely for informational purposes only.

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xendoo

SEPTEMBER 10, 2021

Every small business owner should have access to an accountant. A small business accountant can provide guidance at every stage of your company’s development, and they can be invaluable when it comes to tax preparation, succession planning, and more. Tax planning. Tax preparation.

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online accounting Account accountant accounted 97

ThomsonReuters

FEBRUARY 8, 2022

One significant trend sweeping the tax profession is the rise of value-added services. Adding services in the areas beyond filing tax returns, such as accounting, payroll, bookkeeping, business planning, payroll and audit solutions, will always be services clients need.

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LyfeAccounting

SEPTEMBER 15, 2020

And I also had the luxury of studying this as a licensed CPA. And I also had the luxury of studying this as a licensed CPA. I will tell you the business reasons in determining how to pay yourself. I will also tell you some of the tax implications you need to consider so you can avoid those painful IRS audits.

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CPA Practice

SEPTEMBER 6, 2023

From the advent of first-to-market generative AI systems like ChatGPT, to highly specialized, accounting-focused systems, proponents of AI are fervent in their belief that the technologies will dramatically improve client services, firm management, small business accounting and many other areas of operations.

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Technology accounting and finance Tax CPA 122

MyIRSRelief

NOVEMBER 19, 2021

That’s why so many people choose to hire a tax preparer/ EA, Attorney, CPA, they don’t want the hassle of doing it themselves, and they trust an expert to handle their business. Tax credits to look out for. Earned Income Tax Credit (EITC). Child and Dependent Care Credit.

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LyfeAccounting

NOVEMBER 3, 2020

This could be due to poor tax planning, or because they’re missing some of the biggest business tax write-offs. Meanwhile, the top 1% are using the tax law to their advantage to minimize their tax liability, oftentimes leaving us clueless…. My client is a small business in the construction industry.

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LyfeAccounting

NOVEMBER 4, 2020

So today I’m going to break down the forms and filings you need to have in place in order to avoid IRS penalties and keep your business compliant. Also, please keep in mind that every business is different so it’s important that you consult your CPA for specific advice regarding your situation. Sound good?

business tax 52

business tax Tax tax return payroll tax 52

LyfeAccounting

AUGUST 10, 2021

There are specific categories for each type of business deduction, so you will want to make sure you insert the right amounts in the right categories. You should be doing your bookkeeping throughout the year, which should make it very easy to tally up the totals and that to your tax return.

Real Estate 52

Real Estate Tax tax return tax preparation 52

LyfeAccounting

DECEMBER 28, 2020

They not only explain the full list of tax credits they have available, but they also explain the requirements and who is eligible for them. Then, all you’d have to do is have your CPA verify your eligibility and file the right forms for you when you file your tax returns. General Business. Quick Recap.

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