MyIRSRelief

DECEMBER 15, 2022

This might include accounting software, a financial calculator, and reference materials such as tax guides or accounting textbooks. Seek help: If the task is too overwhelming to tackle on your own, consider seeking the help of a professional, such as a local SoCal EA enrolled agent or CPA.

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tax accountant Tax Account accountant 130

CPA Practice

APRIL 17, 2023

While the economy and supply chains may still have some hiccups related to the end of the pandemic, one thing is clear: The demand for the services of accounting, finance and tax professionals is growing strong. Unfortunately, there’s also a “critical talent shortage,” says Tom Hood, CPA, a vice president with the AICPA. ( [link] ).

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CPA Practice

NOVEMBER 29, 2023

With more than 20 years of brand-building and marketing experience, Ball brings a deep understanding of the small business accounting landscape and will ensure Bookkeep’s solutions align with the urgent needs of bookkeepers and finance teams. in Accounting from the University of Texas at Dallas.

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LyfeAccounting

OCTOBER 28, 2020

Their financial mismanagement may result in their failure to make decisions to grow their business, meet financial obligations like paying employees or their rent, miss tax deductions that can save them money, or fail to pay their taxes all together. And, it’s probably not why you decided to go into business for yourself.

accounting basics 52

accounting basics CPA Account accountant 52

LyfeAccounting

JUNE 4, 2021

Now if you want to make sure your LLC taxes are on the right track, then we can help you with that. Check out our tax planning and tax preparation services here. The post How to Pay Yourself As An LLC – CPA Explains the #1 Method appeared first on Small Business Accounting & Finance Blog.

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Ryan Lazanis

SEPTEMBER 19, 2023

The Top 43 Examples of Accounting Websites Without further ado, in no particular order, here are 43 examples of the best accounting websites you should explore to gain valuable ideas and insights into effective design and content strategies.

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LyfeAccounting

NOVEMBER 9, 2020

The answers to these questions may influence the entity structure that you choose for your business, and how much money you end up paying the IRS. In this post, I’m going to explain all of the tax benefits related to LLCs. Lastly, although I am a licensed CPA, the information in this post is solely for informational purposes only.

Tax 52

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CPA Practice

APRIL 22, 2024

Host Informative Workshops: Organize free, educational workshops on financial wellness, tax planning, or small business accounting. Consider creating video walkthroughs on how to prepare for end-of-year tax returns or quick tips for managing summer business expenses.

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LyfeAccounting

JULY 7, 2021

But if you really want to save more on your taxes, then work with our tax experts! We offer tax planning , tax preparation , and tax resolution services for your various tax needs. We’re just a call away!

Tax 52

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xendoo

JANUARY 11, 2021

They know they’re probably making mistakes and missing opportunities that a pro would spot right away, but they don’t know if accounting services will save more than they cost. “How much do accountants charge for year-round bookkeeping services?” CPA — $150 to $450 per hour. Hourly Rates. Per Engagement Fees.

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Account accountant accounted bookkeeping 52

xendoo

SEPTEMBER 10, 2021

Every small business owner should have access to an accountant. A small business accountant can provide guidance at every stage of your company’s development, and they can be invaluable when it comes to tax preparation, succession planning, and more. Tax planning. Tax preparation.

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online accounting Account accountant accounted 97

LyfeAccounting

MAY 21, 2021

What if we told you that every year LLC owners overpay on their taxes. Some fail to tax plan but most simply miss out on the biggest tax write offs for LLC businesses. So keep on reading, because today, we’re going to reveal the biggest tax write offs for LLC businesses that you can take advantage of.

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LyfeAccounting

JUNE 9, 2021

Our goal for today’s post is to explain the cryptocurrency tax loophole in an easy-to-understand manner, so you can benefit from it. A quick disclaimer that this is not financial or legal advice, and you should consult with your personal CPA or lawyer regarding your specific situation. Let’s dive in. Quick Cryptocurrency Story.

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LyfeAccounting

NOVEMBER 17, 2020

I thought you just paid your income taxes once per year when you filed your tax return, but NO – I was penalized over $4000 because I didn’t make quarterly “ estimated tax payments ”. In this post, I’m going to fully explain the difference between payroll taxes and income taxes. What are Payroll Taxes?

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income tax payroll tax payroll Tax 52

ThomsonReuters

FEBRUARY 8, 2022

Adding services in the areas beyond filing tax returns, such as accounting, payroll, bookkeeping, business planning, payroll and audit solutions, will always be services clients need. Respondents also indicated interest in receiving other services from their accounting firms.

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LyfeAccounting

OCTOBER 28, 2020

As you can probably tell from the title – 5 year end tax tips, in today’s post, I’ll be going over tax tips and specifically year-end tax tips that will save you on your tax bill! Now I know the pure thought of taxes is not exactly fun. 5 Year End Tax Tips You Can Try. Alright let’s get started.

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Tax tax planning accounting and finance tax preparation 40

LyfeAccounting

APRIL 27, 2021

Usually, people are excited to receive a tax refund and it is really good news for them. . But as a CPA who prepared at least hundreds of returns, we can tell you that a tax refund is usually the result of a mistake. A tax refund is a refund of the taxes you OVER paid. We’d be happy to help you!

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Tax income tax tax return tax preparation 52

LyfeAccounting

SEPTEMBER 15, 2020

And I also had the luxury of studying this as a licensed CPA. And I also had the luxury of studying this as a licensed CPA. I will tell you the business reasons in determining how to pay yourself. I will also tell you some of the tax implications you need to consider so you can avoid those painful IRS audits.

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Tax accounting and finance tax planning CPA 52

Ronika Khanna CPA,CA

DECEMBER 2, 2022

Alternatively, some shareholders also take dividends in addition to a salary depending on their tax planning strategy. Should you need help preparing your T5/RL-1 summaries or for any other accounting or small business tax issues do not hesitate to contact her.

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tax return Non-Profits income tax Tax 98

LyfeAccounting

MAY 27, 2021

The last thing you want is to end up in a tax court against the United States government. If you feel overwhelmed by the audit, you should consider the help of CPA services or lawyer. And if you don’t have support, the IRS will deny the deduction in question and re-calculate the taxes owed. Remember again to be timely.

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tax return audit Tax accounting and finance 52

LyfeAccounting

JULY 28, 2021

And we mean why not involve your kids in your business, show them the ropes, and teach entrepreneurship? All while saving thousands of dollars on taxes. We actually recommend this a lot to our clients as a strategy when they work with our tax planning services. But there are rules and a proper way to do it.

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CPA Practice

SEPTEMBER 6, 2023

From the advent of first-to-market generative AI systems like ChatGPT, to highly specialized, accounting-focused systems, proponents of AI are fervent in their belief that the technologies will dramatically improve client services, firm management, small business accounting and many other areas of operations.

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Technology accounting and finance Tax CPA 122

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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LyfeAccounting

OCTOBER 23, 2020

If you choose to capitalize on these tips, you are going to save thousands of dollars or more on your taxes. In fact, as a CPA, I’ve helped businesses and individuals save on their taxes through tax planning. With tax planning, I go over the ins and outs of a taxpayer’s situation.

Tax 52

Tax tax planning Healthcare CPA 52

LyfeAccounting

NOVEMBER 3, 2020

This could be due to poor tax planning, or because they’re missing some of the biggest business tax write-offs. Meanwhile, the top 1% are using the tax law to their advantage to minimize their tax liability, oftentimes leaving us clueless…. My client is a small business in the construction industry.

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Tax tax return business tax accounting and finance 52

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?

business tax 52

business tax Tax tax return payroll tax 52

LyfeAccounting

AUGUST 10, 2021

If you think you can save more on taxes but are just not sure how to do it, then contact us today! We have a team of CPA tax experts ready to help in your tax planning , tax preparation , and tax resolution.

Real Estate 52

Real Estate Tax tax return tax preparation 52

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. Quick Recap.

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business tax Tax tax return Government 52