LyfeAccounting

JUNE 11, 2021

So basically, before you pay yourself or your partners a distribution of profits, you should be taking a reasonable wage from the business. And for these wages, you will need to set up a payroll system to pay yourself through. But ultimately, the general rule of thumb that almost every CPA we’ve talked to has been ?

Non-Profits 52

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LyfeAccounting

NOVEMBER 10, 2020

Also, keep in mind that every industry and business are different so what’s important is you consult your CPA for specific advice on your business. How to Increase Profit in Your Business? Accounting. Payroll Tax. LYFE Accounting is here to help! Sounds good? Ok, let’s go! Bookkeeping.

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MyIRSRelief

NOVEMBER 19, 2021

That’s why so many people choose to hire a tax preparer/ EA, Attorney, CPA, they don’t want the hassle of doing it themselves, and they trust an expert to handle their business. Tax credits to look out for. Earned Income Tax Credit (EITC). Child and Dependent Care Credit.

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Steve Feinberg

OCTOBER 31, 2022

This method requires a more active approach on your end, but it will give you a clearer picture of your business’s cash flow. However, before you decide on which method is best for you, it’s best to speak with a CPA to learn more about the requirements and tax liability of each. Track everything.

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LyfeAccounting

JULY 12, 2021

When you are self-employed, self-employment taxes are not the only taxes you may have to pay. You may have to pay federal income tax, state taxes, local taxes, payroll taxes for employees, excise tax, and sales tax. How To Save On Taxes.

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Snyder

JUNE 20, 2022

So for a small business owner, it’s vital to understand accounting so they can understand their business and also be able to communicate with banks and investors. What is small business accounting? Basic steps in accounting for small businesses. Open a business bank account.

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LyfeAccounting

NOVEMBER 4, 2020

So today I’m going to break down the forms and filings you need to have in place in order to avoid IRS penalties and keep your business compliant. Also, please keep in mind that every business is different so it’s important that you consult your CPA for specific advice regarding your situation. Sound good? Let me explain.

business tax 52

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LyfeAccounting

DECEMBER 28, 2020

They not only explain the full list of tax credits they have available, but they also explain the requirements and who is eligible for them. Then, all you’d have to do is have your CPA verify your eligibility and file the right forms for you when you file your tax returns. General Business. Research and Development.

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