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Inflation Tax: The Hidden Threat to Your Money in 2021

LyfeAccounting

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.

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SEP IRA Explained: Huge Tax Savings for Self-Employed Individuals!

LyfeAccounting

So if you are self-employed, earning income, and NOT taking advantage of the SEP or Solo 401K, get ready to cut your tax liability and save more money for retirement. By the end of this post, we want you to know everything about it so you can start reaping the tax benefits. With that said, let’s discuss the SEP IRA.

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Do I Need an Accountant for My Small Business?

MazumaBusinessAccounting

Why do I need an accountant for my small business? Those that do their taxes for themselves may think nothing of taking on this huge responsibility as a small business owner. Should I Hire an Accountant for My Small Business? Why Do I Need an Accountant for My Small Business?

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What you need to know to run a successful eCommerce Company

Basis 365

eCommerce Accounting 101 One of the hardest parts of starting up an online business is determining how to maintain your accounting. However, once your business starts growing things will again change. All of those items, plus many more need to be accounted for and have accurate records.

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How to treat business costs incurred before you start trading

Cheap Accounting

Before a business gets off the ground there are often a few start up costs incurred. Recording them in the books The rule of thumb is that pre-trading costs spent on the business should be treated as incurred on the first day that the business started to trade.

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Why your website isn’t generating the leads you want and what to do about it

Mark Lee

Some accountants love new start-ups. Others only want to take on established businesses that want to move away from their old accountant. My question then is why is this not clear on the accountant’s website. The site is powered by the Tax Advice Network of which I have been the Chair since 2007.

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“How can I use social media to promote my accountancy practice?”

Mark Lee

I’m never surprised that only a minority of the accountants I know of talk about having found new clients through social media. And that, when I have asked, many of those new clients were relatively new start-up businesses who were attracted to similarly new accountancy firms. Simple tax return only clients?

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