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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. Get business tax & bookkeeping help by contacting us today!

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Why Hiring a Tax Pro Boosts Your Small Business (and Saves You Money)

MyIRSRelief

Navigating complex tax codes, understanding specific forms like 1120, 1120S, and 1065, and ensuring compliance can feel like deciphering ancient scrolls. Here’s where a qualified business tax professional becomes your secret weapon. This article dives deep into the critical role of tax professionals for small businesses.

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Business Tax Credits to Lower Your Tax Bill

xendoo

Minimizing your company’s tax burden can help maximize profits. One way of doing this is through business tax credits. Leveraging the right tax credits can save your business thousands of dollars in taxes each year. How do you know which tax credits will save you the most money?

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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). Small-business tax credits.

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Restaurant Revitalization Fund – Details

KROST

Business Tax Identification Number. Business payroll costs, including sick leave and costs related to the continuation of group health care, life, disability, vision, or dental benefits during periods of paid sick, medical, or family leave, and group health care, life, disability, vision, or dental insurance premiums.

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Projections of payroll issues under a Biden presidency

ThomsonReuters

Biden has indicated he will work with Congress to establish a federal standard modeled on the ABC test for all labor, employment, and tax laws. Biden favors an ABC test very close to the newly adopted test in California (see Payroll Guide ¶19,045 ). The credit is lower than $5.12 Deferral of employee portion of Social Security. .

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Projections of payroll issues under a Biden presidency

ThomsonReuters

Biden has indicated he will work with Congress to establish a federal standard modeled on the ABC test for all labor, employment, and tax laws. Biden favors an ABC test very close to the newly adopted test in California (see Payroll Guide ¶19,045 ). The credit is lower than $5.12 Deferral of employee portion of Social Security. .

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