LyfeAccounting

JULY 1, 2021

And we’ll be talking about that in today’s post – the 10 most outrageous things you are taxed on. Top 10 Outrageous Things You Are Taxed On. The first one on our list of outrageous things you are taxed on probably never crossed your mind – illegal activities. Let’s dive in! Illegal Activities.

Tax 52

Tax Gambling tax return income tax 52

Withum

MARCH 16, 2022

The list includes various types of alcoholic beverages, tobacco and tobacco products, perfumes and cosmetics, handbags, artworks, clothing, sporting equipment, passenger vehicles, jewels, watches, etc. Business Tax Services. Contact our Women in Financial Services Team to help address your business needs and challenges.

Sports 121

Sports Government Finance tax services 121

MazumaBusinessAccounting

MAY 18, 2022

You’re probably spending a fair amount of money on advertising your small business to potential clients and customers. Did you know most of your marketing and advertising can be written off as a tax deduction to lower your tax bill? helpful and appropriate for your business). Tax-Deductible Goodwill Advertising Expenses.

Sports 71

Sports Tax Account accountant 71

Accounting Insight

FEBRUARY 21, 2023

T&E expenses are the costs incurred for business travel, entertainment, and meals. And for SMEs, these expenses can be a tax deduction for your business and can reduce your taxable income to help lower your tax bill. What are the best ways to report T&E for the next tax period?

Travel Expense Management 59

Travel Expense Management Expense Management Entertainment Technology 59

ThomsonReuters

SEPTEMBER 22, 2022

Of course, there are some restrictions: The education cannot relate to a sport, game, or hobby, unless it involves the employer’s business or is required as part of the student’s degree program. Qualifying expenses can be reimbursed tax-free up to $5,250 per calendar year. the working condition fringe benefit rules).

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Education Sports Transportation Tax 52

Going Concern

JUNE 9, 2023

And as the horror show surrounding the firm’s misuse of confidential tax data refuses to go away, the team will now have to manage without its leader. Shockingly, the PwC global chairman would have – or at least should have – known about the tax leak scandal in Australia at the time of that interview – even if the public didn’t.

audit 103

audit auditor Virginia accounting and finance 103

Ronika Khanna CPA,CA

DECEMBER 9, 2021

Of course, if you are buying gifts on behalf of your business, you should know whether they qualify as tax deductible expenses. Spending money on a social function, such as wedding (see our case study below) where you simply hand out business cards is not sufficient to qualify as a deductible business expense. Learn more.

Entertainment 52

Entertainment tax return audit auditor 52

Snyder

JUNE 20, 2022

Basic steps in accounting for small businesses. Open a business bank account. Go through business bookkeeping basics. Track your small business profit and expenses. Get to know small business tax obligations and procedures. Small business accounting software to help you stay on top of accounting.

accounting basics 52

accounting basics general ledger Account accountant 52

Withum

JULY 26, 2023

The Build It In America Act (HR 3938) addresses business taxpayer concerns regarding rising interest expense rates and deduction limitations on research and experimental expenditures, which could lead to drastically increased cash federal income tax payments. trillion over ten years.

Tax 52

Tax income tax Manufacturing accounting and finance 52

Withum

AUGUST 17, 2022

The Inflation Reduction Act of 2022 signed into law by President Biden on August 16, 2022 includes significant changes related to electric vehicle tax credits. Depending on the auto dealership that is chosen, an individual may not have to wait until the filing of their income tax return to benefit from the credit. Credit Phaseout.

Tax 124

Tax income tax Manufacturing tax return 124

Withum

AUGUST 17, 2022

The Inflation Reduction Act of 2022 signed into law by President Biden on August 16, 2022 includes significant changes related to electric vehicle tax credits. Depending on the auto dealership that is chosen, an individual may not have to wait until the filing of their income tax return to benefit from the credit. Credit Phaseout.

Tax 52

Tax income tax Manufacturing tax return 52