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

MyIRSRelief

Here’s a glimpse into some of the prominent sectors and the tailored support a specialized tax and accounting firm can offer: Entertainment Industry: From bustling studios in Hollywood to independent production houses, the entertainment industry is a major player in LA. to minimize your tax burden and maximize profits.

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Tax Problem Resolution in the Inland Empire, CA

MyIRSRelief

Navigating tax issues can be daunting, especially when facing audits, unpaid taxes, or payroll problems. This FAQ guide provides insights into common tax problems and solutions available in Corona, CA. Discuss Payment Options: If you owe taxes, discuss payment options with your advisor. What should I do?

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Accounting Tips for Start up Freelancers

Cheap Accounting

In the past the attraction of a limited company had been enhanced due to lower taxes on the profits extracted from the business. With the introduction of the Dividend Tax and the increases in Corporation Tax, this advantage has been eroded for many unless you have larger profits (at least over £30,000).

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20 Essential Tax Facts for Small Business Owners

Ronika Khanna CPA,CA

Meals and entertainment in which business was discussed. With certain exceptions, only 50% of meals and entertainment can be written off. Tax Administration: Sole proprietorships and unincorporated businesses are required to include their business income and expenses in their personal tax returns by filling out the T-2125.

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How are C corporations taxed? Tips on how to avoid double taxation and reduce taxes

ThomsonReuters

Jump to: How are C corporations taxed? When are C corp taxes due? How do C corps file taxes? How can C corporations reduce their taxes? But what does that mean for your taxes? How are C corporations taxed? The post How are C corporations taxed?

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How are LLCs taxed? LLC tax benefits and tips to reduce taxes

ThomsonReuters

Now, if an LLC has employees in addition to its members, or owners, the LLC must collect and pay payroll taxes, which include unemployment, Medicare, and Social Security taxes — also known as FICA taxes (i.e., Federal Insurance Contributions Act), or “self-employment” tax. It’s also surprisingly affordable.

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The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals

ThomsonReuters

Three COVID-19 relief bills enacted in 2020 had wide-ranging tax implications for companies, Oaks noted—the CARES Act, the Families First Coronavirus Response Act, and the Paycheck Protection Program Flexibility Act.