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Finding Your Financial Compass: Why Small Businesses in Los Angeles Thrive with Specialized Tax and Accounting Support

MyIRSRelief

Tax and accounting specialists can help these businesses optimize their tax structure, maximize deductions, and ensure accurate bookkeeping practices. These are just a few examples, and the expertise of a specialized tax and accounting firm goes beyond industry specifics.

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Get set up for the new tax year with Xero Payroll

Xero

If your business is in the construction industry, you may also need to ensure you’ve reviewed and reconciled your Construction Industry Scheme (CIS) Suffered report for the tax year, so you’re prepared to enter an accurate value for the last submission of the tax year.

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How Biden’s Proposed Tax Bill Will Affect Small Businesses

SingleTrackAccounting

The main points the new tax bill proposes should not affect most small businesses and Biden has made it clear that he will only tax “the rich.” Corporate Tax Rate. The proposed corporate tax rate would see an increase from 21% to 28%. This leaves $200,000 as business profit left over to be taxed at ~20%.

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