Remove Finance Remove tax consultant Remove tax preparation Remove tax return
article thumbnail

What to Expect From a Bookkeeping Price Package

xendoo

Your books are up to date with your dedicated financial team, financial insight is at your fingertips, and you are always tax-ready. Additionally, Xendoo’s bookkeeping team can also balance your personal finances if needed. The Flight plan is a full-service bookkeeping package that includes both business and state tax returns.

article thumbnail

Friday Footnotes: Remembering Legend Sid Kess; Andersen’s Doing Great; Poland Banned Deloitte From Auditing? | 9.22.23

Going Concern

Miller was appointed vice president for finance in April 2020 and also serves as the university treasurer. Under his leadership, the Division of Finance has enhanced university business practices and transformed several financial and business information systems to improve customer service for faculty, staff, and students.

audit 88
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Small Business Tax Deductions: Pay Less in Taxes with Business Deductions in 2020

LyfeAccounting

Not your actual home even if you have a home office because that’s covered on a personal tax return. Lastly, I have some bonus deductions for small business owners on their personal tax returns. If you rent a location or equipment, you can deduct those payments as a business expense. Business meals. health care expenses.

article thumbnail

Single Member LLC: What You Need to Know This Tax Season (2021)

LyfeAccounting

To report and pay federal income taxes on your single member LLC business, you will need to complete a Schedule C, which is a profit or loss business form. This is attached to your personal federal tax return that you file with the IRS. She also earned $25,000 from her part-time job as a consultant.

Tax 52
article thumbnail

Tax Benefits of S-Corporation: How Does a S-Corp Save Taxes?

LyfeAccounting

Speaking of losses, if your S-Corp loses money, those losses are then deductible on your personal income returns. As an example, if you are the sole owner of an S-Corp, and the business suffered a loss of $10,000, you would be able to take a $10,000 deduction on your tax return , meaning the loss can offset any other income that you received.

Tax 52
article thumbnail

What Happens if a Business Doesn’t File Taxes?

xendoo

January 31, 2023 What Happens if a Business Doesn’t File Taxes? All corporations must submit a corporate income tax return, even with no profits. LLCs who choose to be taxed as corporations are also responsible for filing a federal tax return.

Tax 52
article thumbnail

The Best Online Accounting Software for Small Businesses

xendoo

Your small business can benefit from online accounting software if you’re just plain bad at math, unorganized, or find it hard to conceptualize finances and consistently track incoming cash. Wave is owned by the tax preparation company H&R Block and offers online financial software designed with entrepreneurs in mind.