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20 Small Business Tax Deductions You Need to Know

xendoo

Many small business owners miss out on tax savings simply because they aren’t aware of what tax deductions are available. As professional accountants, we know all the small business tax deductions that can save you money, and we’re sharing them in this tax deductions checklist. . Business insurance .

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Small Business Tax Deductions for 2021

xendoo

Halting operations to research every tax-saving opportunity is not realistic – let Xendoo do it for you! In this blog post, we will share popular small business tax deductions that you may be able to claim for the 2021 tax year! Examples include: Seminars and webinars related to your field. Let’s get started.

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Deciding Which Entity Structure is Best

Nancy McClelland, LLC

I am a passionate proponent of teaching bookkeepers what they need to know about taxes to be better at their jobs, coordinate and communicate effectively with their clients’ tax preparers, and level-up by providing value-added advisory services to their clients. You don’t even have to be a member to attend. 21, 2:00 p.m.

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Small Business Tax Deductions: Pay Less in Taxes with Business Deductions in 2020

LyfeAccounting

So I’d say, learn how to use small business tax deductions to lower your liability. Because you definitely don’t want to spend more in taxes for another year. In these times, whether your business is on the ropes or booming, you want to take advantage of deductions. …are all common business education expenses.

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Effective Marketing in Minutes: Essential Tips for the Time-Strapped CPA

CPA Practice

Share tax season stats that might shock your followers, such as the number of returns your team completed last year, the amount of tax savings for clients over a period of time, or any of these IRS shockers. Rather than creating generic ads like “Need Tax Help? Here are 10 suggestions for individual and business tax services.

CPA 111
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NSAC Offers Employee Retention Credit (ERC) Webinar Aug 23

Nancy McClelland, LLC

My colleagues at the National Society of Accountants for Cooperatives are offering a 75-minute webinar on Tuesday, August 23 to discuss the requirements and pitfalls in claiming Employee Retention Credits (ERC). However, the rules regarding whether or not a business qualifies are complex, and best performed by a knowledgeable professional.

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Wayfair: Sales Tax and State Income Tax Implications

TaxConnex

In response, most taxpayers concluded that until they had a physical presence in the state, they did not have “substantial nexus” and therefore were not subject to a state’s business tax. One of the easiest ways to do so was to enact economic nexus standards for state business tax purposes. Supreme Court.