Remove business accounting Remove Hospitality Remove tax planning Remove tax preparation
article thumbnail

Finding Your Financial Compass: Why Small Businesses in Los Angeles Thrive with Specialized Tax and Accounting Support

MyIRSRelief

By providing a combination of tax planning, bookkeeping, and financial guidance, they empower small businesses to thrive, focusing their energy on what they do best – innovation, growth, and serving their customers. Accounting firms can provide crucial budgeting and cash flow management support.

Tax 130
article thumbnail

7 ways to attract and win new tax clients

ThomsonReuters

Adding services in the areas beyond filing tax returns, such as accounting, payroll, bookkeeping, business planning, payroll and audit solutions, will always be services clients need. Respondents also indicated interest in receiving other services from their accounting firms. 3) Boost your firm’s reputation.

Tax 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Ultimate Tax Deductions Checklist for Small Business Owners

xendoo

But if your spouse’s employer offers a plan that covers you, you won’t be able to claim a deduction on any other plan. Out-of-pocket medical expenses, such as doctor and hospital fees, in-home care, and medications, can be deducted on your 2018 return if they exceed 7.5% of your adjusted gross income.

Tax 52
article thumbnail

Top 5 Tax Penalties & Interest Payments 2021 (Avoid These)

LyfeAccounting

Note that not having the money to pay your tax bill is not a legit reason for not filing or paying on time. Also, keep in mind that you will likely need to show evidence, so you may need to show a hospital bill, court record, or insurance claim, for example. Misled by advice from the IRS.

Tax 52
article thumbnail

Tax Credits You May Claim Now

MyIRSRelief

That’s why so many people choose to hire a tax preparer/ EA, Attorney, CPA, they don’t want the hassle of doing it themselves, and they trust an expert to handle their business. Tax credits to look out for. Earned Income Tax Credit (EITC). Fix and flip businesses, which renovate residential properties.

Tax 100