LyfeAccounting

MARCH 10, 2021

In this post, we want to provide you with some more clarity on CPA services. Now, CPAs can provide a number of services to small businesses. But no other professional can provide all of the services that CPAs provide. So then… what are CPA services? What are CPA Services? What is a CPA?

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xendoo

MAY 9, 2021

Are better for small businesses. Under “S” corporation status, the small business owner’s income, losses, deductions, and credits “flow through” to you and are reported on your personal tax returns and assessed at your individual income tax rate. How do I change from an LLC to an S Corporation?

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inDinero Tax Tips

AUGUST 29, 2023

Nor can you write off late fees paid on federal or state taxes owed with your tax return 8. Are CPA Fees Tax Deductible? Fees for CPAs, lawyers, and other related business consultants and advisors are deductible. Can a Business Write Off Consulting Fees? Personal expenses are not deductible.

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LyfeAccounting

JANUARY 12, 2021

I am sure you probably heard the staggering statistic that 9 out of every 10 small businesses fail. This is really not a surprise to me because most business owners are not CPAs or accountants. And at the end of the day, accounting is the language of business. The post 6 Bookkeeping Tips for Your Business!

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Basis 365

MARCH 30, 2023

CPA firm : CPAs are generally going to be the most expensive option. Although very highly trained, they tend to bill by the hour, discouraging you from speaking to them to avoid surprise invoices and tend to only handle the books for their customers to keep their tax professionals busy. WHO CAN ADVISE YOUR BUSINESS?

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LyfeAccounting

APRIL 23, 2021

So we’re not going to use a bunch of tax jargon you will read on other blogs. Instead, we are going to do our best to make this a very simple guide so that you can follow and implement this yourself on your next tax return. And this can be a tax savings of 30-40%! Let’s go ahead and dive right in.

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Snyder

JANUARY 19, 2023

Tax season is the time when accounting firms and CPAs earn the biggest part of their profit. Surviving tax season is a skill that any accountant has to develop, and the earlier, the better. What is the busiest season for CPAs and accounting firms during the year?

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Going Concern

OCTOBER 11, 2022

According to the SBA , small business generates about 44% of GDP in America and 2/3 of new jobs annually. These businesses have their financial advisory needs served by hundreds of thousands of small firm accountants and CPAs nationwide.

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Steve Feinberg

OCTOBER 31, 2022

Many business owners make the mistake of considering bookkeeping only when taxes are due, but saving all of your important financial work for a single time during the year can lead to costly mistakes, incorrect tax returns and refunds, and missed opportunities for savings and effective budgeting throughout the year.

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LyfeAccounting

JUNE 11, 2021

But a lot of taxpayers already filed their tax returns and paid the tax on this income. By the end of this post, we want you to be 100% clear on this new unemployment tax refund. So these amounts are very significant if you did claim all of your unemployment compensation as taxable income on your 2020 tax return.

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xendoo

MARCH 18, 2021

Additionally, if you wait until tax time to get it together, it can end up giving you a real headache – hiring an accountant at the last minute with books full of errors could cost you more than you set aside in the first place. What does online accounting software do?

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LyfeAccounting

MAY 12, 2021

We’ll also explain the compliance requirements of each and how you can decide which is best for your small business. But we are licensed CPAs, and we will break down the gist of the legal jargon and especially focus on the tax items so you can avoid paying too much in taxes. Which One Is Right For Your Business?

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LyfeAccounting

JULY 23, 2021

The intermediary can include, but is not limited to, an attorney, accountant, investment broker, or real estate broker. If you’re looking for credible CPAs to help you with this, contact us today. So you would report the 1031 transaction on Form 8824 and include it with your tax return. And that’s it!

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LyfeAccounting

MARCH 5, 2021

Sole proprietorship and partnerships are both taxed the same, they just file in different places on their tax returns. Sole proprietors report business income on their individual tax returns, or 1040. And they use Schedule C to report the business income or loss from your business.

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Snyder

JANUARY 3, 2023

All small business owners need to be familiar with basic accounting and bookkeeping, as it gives them a clear picture of the state of their finances, allows them to make informed business decisions, and lets them react to any adverse changes faster. Small business accounting basics. Bookkeeping vs. Accounting.

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LyfeAccounting

JULY 6, 2021

Both of these things would be a red flag but wouldn’t come to light without first reviewing the outstanding contracts the business has. Business financials – like tax returns, profit and loss statements, cash flow statements , and balance sheets.

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inDinero Accounting

JANUARY 9, 2023

Your accountant can help you decide on the right software solution for your business. Accounting Software There are several software options designed specifically for accounting. Accounting software not only keeps your books balanced, but also allows you to organize invoices and other documents.

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inDinero Accounting

JANUARY 9, 2023

Your accountant can help you decide on the right software solution for your business. Accounting Software. There are several software options designed specifically for accounting. Accounting software not only keeps your books balanced, but also allows you to organize invoices and other documents.

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Ryan Lazanis

AUGUST 22, 2022

Aero Workflow Provides you the right tools that your firm needs so you can build a scalable and profitable business. Accounting Practice Management Software Overview. I also know a bunch of accounting and financial management firms that use it, so I wanted to put it through its paces and include it on this list. Collaboration.

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Going Concern

JULY 15, 2024

This doesn’t bode well for the already unpopular accounting track. CPAs and Business Advisors, celebrates some promotions in the Sandusky Register. began as an intern during the tax seasons of January 2015 and January 2016 while he was still completing his degree. to “How can I make money online?”

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LyfeAccounting

DECEMBER 28, 2020

It is not meant to take the place of legal and accounting advice specific to your business. If you need specific accounting or tax advice , then be sure to contact one of our CPAs directly. And I really want you to understand this so that’s why I am dedicating the rest of this post to Tax Credits.

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