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] ).

quickbooks 130

quickbooks payroll Technology audit 130

MyIRSRelief

NOVEMBER 19, 2021

If you’re like most, then taxes are probably not your favorite thing in the world. In this article we will go over 10 different tax credits that you may be able to claim in order to reduce your taxable income, and therefore the amount of taxes you owe. A tax credit is something that reduces your taxable income.

Tax 100

Tax CPA Education business tax 100

LyfeAccounting

JULY 7, 2021

But something that a lot of people is just not thinking about are property taxes. Property taxes are based on the value of your home, so as home prices surge, so will your property taxes. How can you save on property taxes? Because today, we’re going to give you the steps on how to pay less in property taxes.

Tax 52

Tax CPA New Jersey Pennsylvania 52

LyfeAccounting

FEBRUARY 14, 2021

?. What is a CPA? And more importantly, what does a CPA actually do? What is a CPA? A CPA is a Certified Public Accountant. And by the way, an accountant is someone who is responsible for recording and interpreting financial information. CPAs are in the top-tier of accountants. What is it?

CPA 52

CPA cpas tax preparation bookkeeping 52

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. All 50 U.S.

Technology 122

Technology accounting and finance Tax CPA 122

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.

Tax 98

Tax Legal tax planning accounting and finance 98

LyfeAccounting

OCTOBER 12, 2020

And a large portion of those businesses are opting for Virtual CPAs over local or even in-house CPAs. Why do you even need a CPA? What should you look for in a Virtual CPA? Okay, let’s start with defining what a CPA is. What is a CPA? Reasons Why Businesses Choose Virtual CPAs.

CPA 52

CPA cpas bookkeeping cpa firm 52

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.

Real Estate 52

Real Estate audit cpas tax consultant 52

FusionCPA

OCTOBER 1, 2020

Hence, for small business bookkeepers, your banking statement is one of the easiest ways they can gather information relating to your income, expenses, and cash flow. Your accountant can then use this data to formulate business plans, perform tax planning, and generate accurate financial reports.

business accounting 98

business accounting Account accountant accounted 98

ThomsonReuters

FEBRUARY 8, 2022

1) Communicate clearly to win new tax clients. When you seek to win new tax clients, it’s best to start at the beginning. With so many generations in need of tax and accounting services in the market today, it can be a challenge to discover what a client truly wants or needs, or how they want to connect with you.

Tax 105

Tax Entertainment payroll bookkeeping 105

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. MBS Accountancy Since 2011, MBS Accountancy has served U.S.

Account 98

Account accountant accounted bookkeeping 98

LyfeAccounting

NOVEMBER 17, 2020

I mean…there’s federal taxes, state taxes, sales taxes, Medicare taxes, social security, unemployment, and so on. As a business owner, understanding how to navigate taxes can be extremely overwhelming. I missed payroll tax filing deadlines that cost me thousands of dollars.

income tax 52

income tax payroll tax payroll Tax 52

CPA Practice

APRIL 22, 2024

Host Informative Workshops: Organize free, educational workshops on financial wellness, tax planning, or small business accounting. Enhance Social Media Engagement: Share helpful summer tax tips, reminders for quarterly taxes, or fun posts about your team enjoying summer activities.

accounting firms 52

accounting firms Account accountant accounted 52

LyfeAccounting

JUNE 4, 2021

If you pay yourself too much, you might risk putting your business in a bad financial situation. If you pay yourself too little, you might be overwhelmed by all of the taxes you owe as an LLC. And speaking of taxes, how exactly does that work when you pay yourself? How Taxes Work for LLC Pay. So let’s begin!

CPA 52

CPA income tax Tax accounting and finance 52

LyfeAccounting

JUNE 9, 2021

All it takes to use this cryptocurrency tax loophole is a click of a button and it works for all cryptocurrencies at the moment. 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. The Cryptocurrency Tax Loophole. Let’s dive in.

Tax 59

Tax tax preparation accounting and finance Sales 59

LyfeAccounting

OCTOBER 28, 2020

But interestingly enough, many small businesses often neglect their accounting until tax time, or don’t do it all. 9 out of 10 small businesses that fail, fail due to financial mismanagement of their company. And, it’s probably not why you decided to go into business for yourself. Look, I get it.

accounting basics 52

accounting basics CPA Account accountant 52

LyfeAccounting

APRIL 27, 2021

We know there’s a lot of talk about tax refunds and why the IRS is taking forever to process them. But in today’s post, we’ll actually be explaining why having a huge tax refund or any refund at all is not necessarily a good thing and the reasons might surprise you. What is a Tax Refund? What Tax Refunds Are Not Good?

Tax 52

Tax income tax tax return accounting and finance 52

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.

Account 52

Account accountant accounted bookkeeping 52

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. This tax tip is actually 2 fold.

Tax 40

Tax tax planning accounting and finance tax preparation 40

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.

online accounting 97

online accounting Account accountant accounted 97

LyfeAccounting

DECEMBER 28, 2020

Do you want to know how the rich get away with paying little to no taxes, while many others overpay on their taxes? Well here it is – Tax Credits and Tax Incentives! If you’re anything like me, I’m sure you’ve heard all of these stories about how Jeff Bezos or Donald Trump pays almost little to no taxes.

business tax 52

business tax Tax tax return Government 52

LyfeAccounting

JULY 28, 2021

If you have kids under age 18 and a business, then you have a huge opportunity to save on taxes. And that is by hiring them in your business and placing them on the payroll. And we mean why not involve your kids in your business, show them the ropes, and teach entrepreneurship? Stop paying taxes then pay your kids.

Tax 52

Tax payroll payroll tax Real Estate 52

LyfeAccounting

NOVEMBER 3, 2020

Every year, more than 2 million taxpayers overpay their income taxes. 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….

Tax 52

Tax tax return business tax accounting and finance 52

LyfeAccounting

OCTOBER 23, 2020

ways to reduce taxable income and pay lower taxes. 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. Open a Retirement Account.

Tax 52

Tax tax planning Healthcare Legal 52

LyfeAccounting

NOVEMBER 4, 2020

?. In today’s post, I’ll be going over everything you need to know about tax filings for your small business and how to stay out of trouble with the IRS. Similar to yourself as an individual, your small business has tax requirements that must be met in order to avoid unwanted penalties and interest from the IRS.

business tax 52

business tax Tax tax return payroll tax 52

LyfeAccounting

AUGUST 10, 2021

Look, taxes are the single greatest expense that most people will pay over the course of their lives. It’s taxes. . Believe it or not, taxes are evading almost every single part of your life. You pay taxes on your income, on your purchases, the property you own, and so much more. The Tax Code is Not Your Enemy.

Real Estate 52

Real Estate Tax tax return tax preparation 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. Use a forms tax software offered by various tax software providers including taxcycle, DTMax, Profile etc. and dividend tax credit of 9.0301% are the same for the years from 2019 to 2022.

tax return 98

tax return Non-Profits income tax Tax 98

LyfeAccounting

MAY 27, 2021

Now, remember, this post is for informational purposes only, and by no means are we giving you legal or tax advice. They have a question about your tax return. Not every letter means you owe more taxes. Usually, when you receive an IRS letter, it is not going to be in reference to all of the tax returns you ever filed.

tax return 52

tax return audit Tax accounting and finance 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.

Tax 52

Tax accounting and finance tax planning CPA 52