xendoo

JUNE 24, 2021

As a busy restaurateur, it’s easy to push restaurant bookkeeping tasks to the bottom of your priority list. Restaurant bookkeeping is an essential function for businesses large and small, as accurate, reliable numbers are essential for sound decision making. Also, there is the whole matter of taxes to consider. Nail Your Taxes.

bookkeeping 72

bookkeeping payroll payroll tax accounting software 72

Snyder

FEBRUARY 7, 2023

Tax liability is an inevitable part of running a business. Every year business owners have to bear the burden of the tax season, paying taxes for income, payroll, property, sales, and so on. In total, nearly 30% of a business’ income is needed to cover all tax payments. What exactly are tax deductions?

Tax 98

Tax business tax Real Estate Legal 98

CPA Practice

JULY 12, 2023

Inevitably, your clients with growing businesses will want to hire, so you’ll be better able to help them if you have a clear understanding of the differences between SUI (state unemployment insurance) and SIT (state income tax) and how they affect your clients’ businesses. What is SUI Tax? The federal tax rate is a flat 6%.

income tax 98

income tax Tax South Dakota Alaska 98

xendoo

AUGUST 2, 2023

Your business structure impacts your tax savings, accounting practices, and how you pay yourself. Xendoo does online accounting , bookkeeping, and taxes for businesses, so it’s a question we answer frequently. Overall, LLCs have a more flexible structure, while S corps can save money on taxes in the long run.

Tax 52

Tax income tax Non-Profits tax return 52

xendoo

AUGUST 2, 2023

Your business structure impacts your tax savings, accounting practices, and how you pay yourself. Xendoo does online accounting , bookkeeping, and taxes for businesses, so it’s a question we answer frequently. Overall, LLCs have a more flexible structure, while S corps can save money on taxes in the long run.

Tax 52

Tax income tax Non-Profits tax return 52

xendoo

JUNE 30, 2021

As a small business owner, you juggle multiple roles… bookkeeping, human resources, marketing, and all that goes into running your business every day. Xendoo feels your pain, we recognize that bookkeeping and payroll are integral to your company’s operational success and your peace of mind. Many factors go into payroll.

bookkeeping 105

bookkeeping payroll payroll tax Tax 105

Snyder

OCTOBER 25, 2022

Having been in accounting for the majority of my career, working both in-office and remotely, it’s fair to say that with some help, accountants can begin their own firm and do everything from taxes and payroll to personal finances. Accountants and bookkeepers have a unique relationship with banks.

bookkeeping 52

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CPA Practice

JANUARY 17, 2023

Foreign qualification is legally registering a business in another state to conduct business. Again, because LLCs and corporations are legally formed in one state, any activity in another requires foreign qualification. Sales tax regulations and economic thresholds vary by state, so ensure your client knows what is expected.

South Dakota 111

South Dakota income tax Legal payroll tax 111

xendoo

NOVEMBER 19, 2020

It gives you the same simplified income processing that a sole proprietorship enjoys, plus financial and legal protection similar to a corporation’s. Here’s how the owner’s salary and taxes are handled for a single-member LLC. Paying Income Tax. Paying Yourself: The Owner’s Draw.

Tax 52

Tax payroll tax tax return income tax 52

CPA Practice

APRIL 12, 2023

Relief that maybe your job as a tax and accounting professional might get marginally easier with added agents available to respond to your calls and responses on behalf of your clients? Or nonchalance, since tax representation isn’t an area that you are particularly interested in as a professional? Not anymore.

Account 116

Account accountant accounted forensic accounting 116

xendoo

DECEMBER 6, 2021

As they juggle increasing sales, customer service, marketing, and even bookkeeping and accounting , two questions come to mind – how do I pay myself? How do I pay my business’s taxes? . That is why the Xendoo team has created this guide to help you navigate self-payment and taxes as a C-Corporation owner!

Tax 52

Tax bookkeeping corporation tax payroll tax 52

xendoo

JULY 20, 2020

As a business owner, your salary is defined by the way your business is taxed. The fastest way to get these numbers is to download a payroll report through your payroll provider – this is if you have employees and/or pay yourself a salary). You can find this on your 2019 tax return, reported on your Schedule C-line 31.

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Basis 365

APRIL 28, 2022

Choosing your entity type really crosses two disciplines, legal and tax. The legal side of your entity type relates to your legal protection or future equity expectations for the business. We have worked with a tax professional to outline some key considerations for what entity type you should be looking into.

income tax 52

income tax tax return tax planning Legal 52

Steve Feinberg

JULY 2, 2021

Don’t get caught by the nanny tax. This often overlooked bookkeeping and payroll tax requirement can cause a tangle of tax problems if not handled correctly. Nanny tax explained. If in the eyes of the tax code, your help is not an employee the nanny tax rules DO NOT apply. Who is covered?

payroll tax 52

payroll tax income tax Tax tax return 52

inDinero Accounting

JUNE 29, 2023

On the accounting side, GAAP requires specific methods for recording transactions, such as double-entry bookkeeping, which involves debiting one account while crediting another in order to maintain accuracy in recording data. The components of GAAP can be broken down into two main categories: accounting procedures and reporting standards.

accrual accounting 98

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xendoo

JULY 15, 2022

Not only do you have to calculate wages, but you must also account for employment taxes—income, Social Security and Medicare. Also known as Employer Tax ID, an EIN is a unique nine-digit number that identifies your business for tax purposes. For example, a few states like Florida do not collect state income taxes.

payroll 59

payroll payroll tax income tax Tax 59

xendoo

MAY 16, 2021

This is where a skilled bookkeeper or accountant comes in handy! Everyone knows that retail business owners must regularly budget for their sales associates and store managers’ compensation, but don’t forget to plan for the associated payroll taxes and employee benefits including their time off.

Retail 52

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SkagitCountyTaxServices

MAY 26, 2021

But before we leave taxes in the rearview, let’s address an unfortunate reality: as a business owner, you have a greater number of tax reporting obligations than a regular person has. (Of Of course, you have MANY more tax-savings opportunities as well.). Some of these penalties are straightforward and simple.

business tax 40

business tax Tax tax return income tax 40

xendoo

APRIL 20, 2022

If you have a business with many employees, sales, and tax considerations, an app is ideal. As you may know, you’re required to file taxes each year. Come tax time, no one wants to sift through old receipts to account for each expense. . Moreover, up-to-date records ensure that you file tax returns accurately.

accounting and finance 119

accounting and finance quickbooks payroll Tax 119

LyfeAccounting

NOVEMBER 10, 2020

Bookkeeping. The very first thing that you need to do in order to increase your profit is bookkeeping. Bookkeeping? The only way to know it is through bookkeeping. Payroll Tax. Legal Expense. Sounds good? Ok, let’s go! How to Increase Profit in Your Business? You might be thinking, “Huh? Accounting.

bookkeeping 52

bookkeeping accounting and finance payroll tax Start-ups 52

Accounting Seed

JULY 21, 2022

Like many startup owners, you may have more passion for sales than for bookkeeping, but managing the money is essential to success. Bookkeeping for startups isn’t as exciting or urgent as the work that brings in revenue. If you start out as a small proprietor or partnership, it’s perfectly legal to mingle personal and business money.

accrual accounting 52

accrual accounting Account accountant accounted 52

LyfeAccounting

NOVEMBER 2, 2020

This is because selecting between these two options will determine your tax outcomes for both you and your employees. And since your level of control is relatively, your level of financial and legal responsibility is also low. Also, you’re expected to withhold taxes on behalf of your employee such as social security and Medicare taxes.

payroll tax 52

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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

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Snyder

DECEMBER 28, 2022

Many small business owners often feel like they might be a heartbeat away from the IRS tax audit. percent of small businesses are getting tax audited. What’s interesting is that the less income you have, the higher the chance of a tax audit. What is a tax audit? Meeting a tax auditor is as frightening as meeting a ghost.

audit 98

audit Tax tax return auditor 98

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. However, there are many types of business tax credits and the IRS has strict eligibility requirements.

business tax 52

business tax Tax tax return income tax 52

inDinero Accounting

JANUARY 9, 2023

With teams in different jurisdictions, there will be different tax and labor laws you will need to follow. Filing Taxes If you’ve been in business for any amount of time as a startup, you know that you don’t start out profitable. As a result, the first few years may see negative returns, and hence no income tax liability.

Account 52

Account accountant accounted accrual accounting 52

inDinero Accounting

JANUARY 9, 2023

Getting into legal troubles. With teams in different jurisdictions, there will be different tax and labor laws you will need to follow. Filing Taxes. 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.

Account 52

Account accountant accounted accrual accounting 52

Snyder

JUNE 20, 2022

Go through business bookkeeping basics. Get to know small business tax obligations and procedures. In general, business accounting is the process of organizing and analyzing a company’s financial information to plan and advise on taxes, file tax returns, make forecasts, and help with data-driven financial decision making.

accounting basics 52

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LyfeAccounting

NOVEMBER 4, 2020

?. In today’s post, I’ll be going over everything you need to know about tax filings for your small business and how to stay out of trouble with the IRS. Similar to yourself as an individual, your small business has tax requirements that must be met in order to avoid unwanted penalties and interest from the IRS. Sound good?

business tax 52

business tax Tax tax return payroll tax 52

Snyder

JANUARY 9, 2023

In a nutshell, it refers to the processes set up to ensure your employees, both full-time and contractors, are paid for their work accurately and timely, in compliance with all the legal requirements of social security and tax withholdings. Typical payroll challenges small businesses owners face. Misclassification.

payroll 52

payroll quickbooks Tax bookkeeping 52

Going Concern

JANUARY 19, 2023

The IRS Criminal Investigation unit has released its top cases for 2022 and in it we get reality TV personalities, a rogue tax preparer, some garden variety PPP fraud, and even a former decathlete with his own Wikipedia page. Without any further ado, IRS-CI’s top ten cases of 2022: 10. government. He was also ordered to pay nearly $9.7

Tax 64

Tax tax return Gambling tax preparation 64

LyfeAccounting

DECEMBER 28, 2020

Do you want to know how the rich get away with paying little to no taxes, while many others overpay on their taxes? Well here it is – Tax Credits and Tax Incentives! If you’re anything like me, I’m sure you’ve heard all of these stories about how Jeff Bezos or Donald Trump pays almost little to no taxes.

business tax 52

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Going Concern

FEBRUARY 23, 2024

Top Remote Accounting Candidates: February 22, 2024 Law & Order Co-Owner of Media Brokerage Firm Sentenced for Filing False Tax Returns [ Department of Justice ] According to court documents and statements made in court, Susan K. From 2012 to April 2018, according to the criminal information document signed by U.S.

CPA 105

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