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Side Hustlers! Don’t Forget to Pay Your Small Business Taxes

inDinero Tax Tips

Quick Note: This article is provided for informational purposes only, and is not legal, financial, accounting, or tax advice. Don’t Forget to Pay Your Small Business Taxes appeared first on inDinero. You should consult appropriate professionals for advice on your specific situation. The post Side Hustlers!

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Make Sure You Know Your IRS Tax Deadlines for Filing Your 2020 Business Taxes in 2021

inDinero Tax Tips

By outsourcing your business’s accounting and taxes with inDinero , you’re covered on both fronts. We’ll provide the information you need to create the appropriate 2021 business tax calendar to keep up with your tax filing responsibilities and avoid late penalties. annual or quarterly). Q2: June 15, 2021.

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How Much Is a Tax Consultant?

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If your situation requires specialized knowledge about tax codes, fees are usually commensurate with qualifications. What Does a Tax Consultant Do? A tax consultant is trained in tax law and financial accounting. They also should know recent tax law changes on both a federal and state level. .

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Commingling Funds: How to Address the Problem and Avoid It in the Future

inDinero Tax Tips

Claiming Tax Deductions is Harder When running a business, saving the maximum amount of money with tax deductions is vital to maintaining financial health. However, you can’t deduct what you don’t document and shouldn’t deduct what you can’t prove was a business expense. What are you allowed to deduct?

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Guide to accountant responsibilities

ThomsonReuters

CPA responsibilities to clients As a trusted advisor in an increasingly complex financial landscape, certified public accountants (CPAs) have significant responsibilities for the services they provide to their clients. In addition, they must complete 72 hours of continuing education every three years.

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More Than a Loophole: Delaware Sales Tax and Other Benefits of Incorporation in DE

inDinero Tax Tips

County-level real estate property tax can exist, but it’s typically very low in comparison to property taxes in other states. In addition, the state has no value-added taxes (VATs), use taxes, or an inheritance tax. Nevada companies don’t have to pay a franchise tax, but they do in Delaware.

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Understanding the proportional amortization method

ThomsonReuters

Accounting for tax equity investments Implementing ASU 2023-02 Accounting professionals with equity investor clients who are involved with projects to receive income tax credits and other income tax benefits need to have a clear understanding of the proportional amortization method (PAM), especially in light of recent changes.