LyfeAccounting

MAY 25, 2021

Quick Inflation Tax Explanation. And here on our blog, we’ve talked about a few of them such as PPP loans , EIDL loans , business grants you can get for your business, and so on. This free money coupled with a lack of production/supplies is what is leading to a hidden inflation tax in 2021. year over year. inflation rate.

Tax 87

Tax Real Estate accounting and finance tax return 87

xendoo

NOVEMBER 23, 2020

Are you claiming all the income tax deductions you’re entitled to? businesses that are structured as sole proprietorships, partnerships, or limited liability companies (LLCs). As an alternative to itemizing these deductions, you may choose to take a standardized deduction of $5 per square foot of the area used for business.

Tax 52

Tax Real Estate Education Legal 52

Going Concern

MARCH 11, 2022

—PwC Becomes Latest Subject of Investigations [ Bloomberg Tax ] Paul Brehony of Signature Litigation LLP looks at the growing number of investigations by the U.K. tax authority into historic audit failures by the “Big Four” firms, and discusses the prospects for success of proposed major reforms to the audit regime.

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auditor tax return audit Account 68

LyfeAccounting

MARCH 10, 2021

Avoid Paying Tax Penalties: Here’s How. Delay taxes for a stimulus check? Well, if you want to put yourself at risk of IRS tax penalties in 2021, then you’re doing exactly that. And we’ve been surprised at the number of people who have no idea how tax penalties and tax interest actually work.

Tax 52

Tax tax return Real Estate Government 52

MazumaBusinessAccounting

JULY 7, 2021

Do you want to get to the point where your business provides a passive income? While these goals are a big part of business financial planning, you also need to take into account how you’ll run your business. Are you setting aside money for taxes? What will happen when you (or a partner) leave the business?

accounting and finance 98

accounting and finance Real Estate Tax Finance 98

SkagitCountyTaxServices

JUNE 15, 2022

We’re accountants, and the weeks after Tax Day can be slow. I remember feeling horrible that my family suffered so much because my industry happened to trail off for a while after people finished filing their taxes. As a Skagit County business owner, financial lows usually hit you the most. Boy, we hear you.

Real Estate 79

Real Estate CPA tax return Tax 79

LyfeAccounting

APRIL 23, 2021

And what if we told you the business tax code was actually set up for you to do so? Now unless you’re an accountant reading this then we know you didn’t go to school to learn taxes and you probably don’t spend your weekends binge reading the tax code. Your tax deduction would be about $17,250.

Tax 52

Tax quickbooks Real Estate accounting and finance 52

Snyder

DECEMBER 6, 2022

Real estate investing is a very lucrative field that allows you to take advantage of the rising housing market and increase your net worth. There are many different aspects of owning property – from leases to taxes – that need to be kept in check. What is real estate accounting? Contents: 1.

Real Estate 52

Real Estate accounting software Account accountant 52

LyfeAccounting

APRIL 30, 2021

All to save you the most on your taxes. In either case, you want to make sure you’re aware of the tax write offs (OR deductions) you can take to minimize your taxes or even maximize your tax refund. Top 5 Tax Write Offs for New LLCs. This would give you a business percentage use of your home. Are you ready?

Tax 52

Tax Real Estate tax planning accounting and finance 52

LyfeAccounting

JULY 23, 2021

This is the number one way real estate investors accumulate wealth and that is the 1031 exchange. The 1031 exchange specifically comes from Section 1031 in the Internal Revenue Code, and it allows real estate investors to defer paying taxes on real estate gains. What is a 1031 Exchange.

Real Estate 52

Real Estate Tax tax return cpas 52

LyfeAccounting

DECEMBER 30, 2020

?. Are you tired of paying taxes? Taxes stink. But recently, I heard that some people pay very little in taxes. In fact, the president’s tax returns show he paid just $750 in federal income taxes in 2016 and 2017. But it’s important that you first understand how taxes work. Yeah me, too.

Real Estate 52

Real Estate Tax income tax Gaming 52

MyIRSRelief

NOVEMBER 19, 2021

If you’re like most, then taxes are probably not your favorite thing in the world. In this article we will go over 10 different tax credits that you may be able to claim in order to reduce your taxable income, and therefore the amount of taxes you owe. A tax credit is something that reduces your taxable income.

Tax 100

Tax CPA Education business tax 100

LyfeAccounting

MAY 8, 2021

Top tax write offs for rental property – let’s get into this. Now, this post is focused purely on real estate. So we assume that you are either : A current real estate investor, or. You are considering becoming a real estate investor. So we personally love real estate.

Real Estate 52

Real Estate Tax Legal audit 52

LyfeAccounting

AUGUST 10, 2021

Look, taxes are the single greatest expense that most people will pay over the course of their lives. It’s taxes. . Believe it or not, taxes are evading almost every single part of your life. You pay taxes on your income, on your purchases, the property you own, and so much more. The Tax Code is Not Your Enemy.

Real Estate 52

Real Estate Tax tax return tax preparation 52

LyfeAccounting

MAY 5, 2021

Now there’s been a lot of talk from the President about raising the capital gain tax rate from 20% to 39.4%. And it’s suggested that the proposed rate would be one of the highest capital gains tax hikes we’ve seen in the last 100 years. Now, most people know about capital gains tax from the real estate they own.

Tax 52

Tax Real Estate Start-ups income tax 52

LyfeAccounting

JULY 15, 2021

In general, real estate appreciates in value over time. And if you choose to sell your home at that point, you would not have to pay any capital gains tax on the sale, up to $500,000 for married couples. There are tax incentives for homeownership. You’re also able to deduct what you paid in property taxes as well.

Real Estate 52

Real Estate Tax Start-ups tax return 52

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. What is accounting?

accounting basics 52

accounting basics basic accounting bookkeeping Account 52

LyfeAccounting

OCTOBER 29, 2020

?. President Trump vs Biden Tax Plan. With the US presidential election is right around the corner, and since we’re an accounting firm that loves taxes, it’s only right that we make a post discussing President Trump’s Tax Plan vs Former Vice President Joe Biden. What an Effective Tax System Looks Like.

tax planning 52

tax planning Tax corporation tax Real Estate 52