PYMNTS

SEPTEMBER 8, 2017

Weeks after reports surfaced that some small business accounts at HSBC had been frozen, a result of the FI revamping anti-money laundering (AML) crackdowns, HSBC has said it is compensating some of the businesses affected. small businesses, according to unnamed sources.

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LyfeAccounting

JUNE 9, 2021

The IRS doesn’t really approve of people trying to game the system and would like investors to bear some risk for their trades. The post The Cryptocurrency Tax Loophole No One Is Talking About appeared first on Small Business Accounting & Finance Blog. Talk to us today!

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LyfeAccounting

NOVEMBER 10, 2020

?. In today’s post, I’ll be going over ways you can increase profit in your business. Whether you’re new in your business or seasoned in the game, I’m pretty sure increasing your profits is something that you’re really interested in. LYFE Accounting is here to help! The post How to Increase Profit in Your Business!

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LyfeAccounting

JULY 1, 2021

Gambling includes, but is not limited to, casinos, lotteries, fantasy sports, racetracks, game shows, and sweepstakes. The post Top 10 Outrageous Things You Are Taxed On | You Won’t Believe This appeared first on Small Business Accounting & Finance Blog. And, we also offer tax resolution services.

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LyfeAccounting

APRIL 30, 2021

Once your LLC is growing, making a profit, and is your sole source of income, then you’re deep in this entrepreneurial game. As an LLC, taxed as an S-Corporation, you do have to pay yourself (the business owner) reasonable compensation, and SE tax is calculated and paid based on that. This will save you 15.3% in self-employment taxes!

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LyfeAccounting

JUNE 22, 2021

They don’t leave enough money in their business, and then they find themselves going into debt to fund their operations, or just going out of business all together. A lot of times it’s because they’re taking too much money out of your business. The game is over. You need to think about cash like fuel.

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tax return Tax accounting and finance income tax 52

LyfeAccounting

AUGUST 10, 2021

Also, if you’re a gamer, you’ve probably noticed some video game companies also take pre-orders. This in turn helps them to meet the demand of the game and access overall production needs. . Without a doubt, it helped Tesla to raise the capital needed for production and staff. .

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LyfeAccounting

JUNE 7, 2021

That’s just the opening move in a game of chess. The post 10 Tips on How To Avoid Paying Taxes in 2022 Legally appeared first on Small Business Accounting & Finance Blog. The art trade is the last major unregulated market in the world. When you buy art, it can be a tax write-off. But that’s not where it stops right.

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PYMNTS

JANUARY 19, 2018

Recent research from Australian small business accounting firm Xero and payments company American Express explored just how big of a stressor late invoice payments are on Australian companies. Analysts found that more than a third of outstanding invoices at businesses with between $1.5

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PYMNTS

MARCH 16, 2016

Foreign currency payments firm Midpoint got a bit closer to its small business accounting partner, Xero, this month when it revealed that not only had they extended their collaborative ties but that Midpoint would also be adding a “Pay Now” button to invoices sent through Xero.

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LyfeAccounting

JANUARY 7, 2021

Once you register and are approved, then government contracts become fair game. Again, if you need help in propelling your business by having accurate financial reports or some sound financial advice, don’t hesitate to get in touch with us. Use beta.sam.gov to find contract opportunities and do everything you can to win them.

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LyfeAccounting

APRIL 23, 2021

Again be creative and figure out how you can incorporate your dream car as a part of your business. Now if this wasn’t clear, you need to own a business or be self-employed to use your car as a tax deduction. If you want to play the tax game, you need to get into business. Final Takeaways.

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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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LyfeAccounting

DECEMBER 30, 2020

This is very important to understand because if you want to use the tax laws and system to your advantage, you have to learn how the game is played so you can maximize your chances of winning. Know the game and increase your chances of dominating the game. Contact us today!

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LyfeAccounting

JULY 15, 2021

Having a gym, pool or game room might be something you really want to have on a day-to-day basis. appeared first on Small Business Accounting & Finance Blog. Or maybe you travel a lot and don’t want all of the responsibilities of owning. Renting will definitely be a lot less stressful.

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LyfeAccounting

MAY 5, 2021

Just like the game show Deal or No Deal, the answer is almost impossible to predict right? appeared first on Small Business Accounting & Finance Blog. So you have a nice and even gain of $10,000 after only 6 months. During the same year, let’s say you earned $100,000 and that puts in you the 24% tax bracket.

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LyfeAccounting

JANUARY 25, 2021

Profit-sharing, or revenue-sharing, is a single incentive that can unify and motivate your entire company to work towards your business goals. The purpose of profit-sharing plans is to get everyone in your company to feel like a partner in your business. Call us today at 470-240-1437.

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