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How Should a Small Business Owner Plan for Rising Taxes?

CPA Practice

As a certified public accountant, I’m flattered that we’re consulted for a growing range of business needs, including rising taxes. Dedicated tax-planning services are a must-have for most business owners, as the IRS’s tax codes are bloated with ever-newer reporting requirements.

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How to Pay Dividends: Completing the T5 Slip and Summary

Ronika Khanna CPA,CA

Webforms can also be accessed by going to your CRA business account how to complete the T5 Dividend Declaration Note: The example and calculator below assumes that you are paying income taxes at the small business tax rate i.e. your net profits for tax purposes are less than $500,000.

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How Much Is a Tax Consultant?

xendoo

A good tax consultant can work with you to ensure that your income is protected from significant taxation as you age. Helping to Mitigate Business Taxes. Business and corporate taxes can be complex, especially if you are the owner of a sizable organization.

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Thomson Reuters Steps Into Mobile SMB Accounting

PYMNTS

Thomson Reuters is stepping into the world of mobile small business accounting with the launch of a new app, OnBalance Express.

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President Trump vs Biden Tax Plan Proposal in 2020

LyfeAccounting

Now in my opinion, business deductions are great because they help support the economy and reward business owners who take on all the risk. Corporate Tax Rates. Currently, under President Trump, the corporate tax rates which will be referred to as C corporations are taxed at a flat rate of 21%.

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Making Tax Digital for ITSA has been delayed, but we’re ready to support you

Xero

HMRC has announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been delayed until April 2026. With small businesses, accountants and bookkeepers facing challenging times, we understand and support the delay from HMRC – giving you more time to prepare. .

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

LyfeAccounting

C-corporations are required to pay corporate tax on the profits of the business. Currently, the corporate tax rate is 21%. Shareholders only pay tax if they receive dividends from the corporation which would be calculated on their individual tax return. Not to be confused with 1120S.