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Summer Marketing Initiatives for Small to Mid-Sized Accounting Firms

CPA Practice

Host Informative Workshops: Organize free, educational workshops on financial wellness, tax planning, or small business accounting. Client Appreciation Events: Host an event specifically for thanking clients, such as a barbecue or a day at a local baseball game. These events show appreciation and foster loyalty.

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3 Tips to Help Improve Business Financial Confidence

CPA Practice

Challenging times come for all of us and access to cash, like a business line of credit, provides you greater flexibility, stability, and peace of mind when tough choices have to be made. Hire an Accountant: Many small business owners shoulder their companies’ bookkeeping responsibilities in the startup stages.

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The Cryptocurrency Tax Loophole No One Is Talking About

LyfeAccounting

The IRS doesn’t really approve of people trying to game the system and would like investors to bear some risk for their trades. If you want more tips on how to save on your taxes, then go ahead and subscribe to our newsletter. Caveat #3: The IRS may negate the loophole if you sell and buy back too quickly. Talk to us today!

Tax 59
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Top 5 Write Offs for New LLCs in 2021

LyfeAccounting

So here’s a bonus tip that will save you thousands of dollars in taxes – getting S-Corp status! Once your LLC is growing, making a profit, and is your sole source of income, then you’re deep in this entrepreneurial game. So, it can be greatly beneficial to be taxed as an S-Corporation. in self-employment taxes!

Tax 52
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10 Tips on How To Avoid Paying Taxes in 2022 Legally

LyfeAccounting

When you buy art, it can be a tax write-off. That’s just the opening move in a game of chess. Since the tax write-off matches the income, there is zero income to be taxed. And you need more help with your taxes, whether you’re a business owner or an individual, our team can help you.

Legal 59
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How to Write Off Your Dream Car Tax Free in 2021

LyfeAccounting

Now, this is the power of leveraging the tax code and why accountants and CPAs get paid so much money. Because the right accountant, even though may charge you $5000 for tax planning , may help save you $60,000 in a tax year. If you want to play the tax game, you need to get into business.

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AI Systems Take Center Stage in 2023 Innovation Awards

CPA Practice

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.