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Summer Marketing Initiatives for Small to Mid-Sized Accounting Firms

CPA Practice

Host Informative Workshops: Organize free, educational workshops on financial wellness, tax planning, or small business accounting. Client Appreciation Events: Host an event specifically for thanking clients, such as a barbecue or a day at a local baseball game. These events show appreciation and foster loyalty.

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Top 10 Outrageous Things You Are Taxed On | You Won’t Believe This

LyfeAccounting

But in 1931, Capone was found guilty of 22 counts of federal income tax evasion and was convicted to 11 years in federal prison, in addition to $215,000 plus interest due on back taxes. You see, despite publicly displaying his wealth, Capone never filed a Federal tax return. And, we also offer tax resolution services.

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How to Pay Yourself as a Sole Proprietor

LyfeAccounting

For tax purposes, sole proprietors are considered disregarded entities. All this means is that you do not have to file a business tax return when you file your taxes. Instead, you will file a Schedule C when you file your personal tax return. The game is over.

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Top 5 Write Offs for New LLCs in 2021

LyfeAccounting

BUT, similar to the home office deduction, you can only write the business use of your cellphone. So if 80% of the usage of your cellphone is for business purposes, you can only write off 80% of the cellphone and monthly service on your tax return. So, it can be greatly beneficial to be taxed as an S-Corporation.

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How to Get Government Contracts (How Our Small Business Got Approved)

LyfeAccounting

If you have filed business tax returns in the past, you should already have one and can locate this number on your tax returns. Once you register and are approved, then government contracts become fair game. Your EIN is what you will use as your Taxpayer Identification Number in your SAM Application.

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How to Write Off Your Dream Car Tax Free in 2021

LyfeAccounting

So we’re not going to use a bunch of tax jargon you will read on other blogs. Instead, we are going to do our best to make this a very simple guide so that you can follow and implement this yourself on your next tax return. Again be creative and figure out how you can incorporate your dream car as a part of your business.

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How to Pay ZERO in Taxes with Real Estate

LyfeAccounting

?. Are you tired of paying taxes? Taxes stink. But recently, I heard that some people pay very little in taxes. In fact, the president’s tax returns show he paid just $750 in federal income taxes in 2016 and 2017. Know the game and increase your chances of dominating the game. Yeah me, too.