Remove bookkeeping Remove Gaming Remove small business accounting Remove tax return
article thumbnail

How to Pay Yourself as a Sole Proprietor

LyfeAccounting

For tax purposes, sole proprietors are considered disregarded entities. All this means is that you do not have to file a business tax return when you file your taxes. Instead, you will file a Schedule C when you file your personal tax return. Step 1: Operate out of a business bank account.

article thumbnail

How to Get Government Contracts (How Our Small Business Got Approved)

LyfeAccounting

If you have filed business tax returns in the past, you should already have one and can locate this number on your tax returns. By the way, our accounting firm offers bookkeeping , accounting , and tax services for small businesses. Step 6: Register with SAM.