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How are S corporations taxed? Tips for filing and reducing taxes as a pass-through entity

ThomsonReuters

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? You may wonder how the S corporation taxation generally works. The following guide offers numerous strategies and tips that owners of S corporations can use to lower their taxes, including deductions and credits.

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

MyIRSRelief

Tax specialists familiar with R&D tax credits, stock options, and angel investor regulations are key for tech businesses to navigate their unique financial landscape. Understanding sales tax regulations, occupancy taxes, and fluctuating seasonal income is essential for these businesses.

Tax 130
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Wolters Kluwer Extends Global Minimum Tax Expert Solution to North America

CPA Practice

Wolters Kluwer CCH Tagetik has significant expertise and experience in supporting clients’ corporate tax needs in North America. Its solutions provide thousands of organizations with end-to-end sales and use tax automation, fully integrated direct tax preparation process, workflow automation and tax research.

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What is tax advisory?

ThomsonReuters

Let’s take a look at what tax advisory is and how you can take advantage of this approach to serving clients. What are tax advisory services? Audit : An audit advisor reviews and verifies the financial records of an individual or company and provides recommendations to reduce the risk of audit based on this information.

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Dates and Deadlines: When You Can File Small Business Taxes in 2022

xendoo

February 15, 2022: Financial institutions must send Form 1099-B (sales of stocks/bonds/mutual funds through a brokerage account), Form 1099-S (real estate transactions), and Form 1099-MISC unless the sender is reporting payments in boxes 8 or 10. Tax Preparation and Planning Made Easy. Want to learn more?

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20 Essential Tax Facts for Small Business Owners

Ronika Khanna CPA,CA

Probably the most popular question posed to accountants and tax preparers (especially around this time of year) is “what types of expenses are deductible?”. This form can be found in most online tax filing software including Ufile and TurboTax. Corporations are required to file a separate corporate tax return.

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How Miami Became a Hub of PPP Fraud After Pandemic

CPA Practice

Each application requested the same loan amount — $198,990 — backed up with a phony number of employees, payroll income, sales revenue and corporate tax returns for pre-pandemic years, according to Bailyn. In 2020, she even taught her then-boyfriend, Eliasib Reyes, how to bilk the pandemic loan system.