Snyder

JANUARY 10, 2023

After all, accounting, as an integral part of a business, is something not to put aside. To answer the above question, we’ll need to look at small business accounting as a process. So keep reading to learn more about small business accounting cost: 1. Cost of accounting software.

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LyfeAccounting

APRIL 4, 2021

So a lot of people already know the personal tax deadline has been extended from April 15 to May 17, 2021, due to some major IRS delays. So basically people are getting an extra 30 days to file their personal tax return. That is so you are prepared for this tax season. Tax Season 2021 New Update. Personal Taxes.

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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.

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LyfeAccounting

DECEMBER 31, 2020

Well there are taxes that need to be filed and paid, and this post is going to break down all of it. For the purposes of filing and paying employer payroll taxes, I’d highly recommend using a payroll software like QuickBooks or Gusto. These programs completely automate the process of calculating and filing your payroll taxes.

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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?

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LyfeAccounting

JULY 16, 2021

We know a lot of you are waiting on tax refunds, stimulus checks, and even child tax credit payments. And this is related to the millions of people who were wrongfully taxed last year on their unemployment compensation. Unemployment Tax Refund Recap. For this round, the IRS identified about 4.6

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LyfeAccounting

MARCH 10, 2021

Avoid Paying Tax Penalties: Here’s How. Delay taxes for a stimulus check? Well, if you want to put yourself at risk of IRS tax penalties in 2021, then you’re doing exactly that. And we’ve been surprised at the number of people who have no idea how tax penalties and tax interest actually work.

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LyfeAccounting

JANUARY 28, 2021

And that’s awesome because accredited investors can get some huge tax advantage and in some cases, you can end up paying very little to no taxes. The rules regarding accredited investors are governed by SEC Rule 501 under Regulation D of the Securities Act of 1933, which was a government response to the Great Depression in the 1930s.

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LyfeAccounting

JUNE 29, 2021

How to opt-out of monthly child tax credit payments? So if you are someone who does not want an advanced payment on your child tax credits… …maybe because you are worried about your tax liability, or maybe you just like the idea of a big tax refund when you file your taxes, t hen you can opt out.

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CPA Practice

FEBRUARY 1, 2024

SMBs said they’re relying on credit cards as funding sources, while entrepreneurial hopefuls said even a bigger tax return could help them secure the funds they need to start their businesses. The new poll results underscore five ways that accountants and firms can partner with clients to better serve them in 2024.

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LyfeAccounting

JULY 1, 2021

And we’ll be talking about that in today’s post – the 10 most outrageous things you are taxed on. Top 10 Outrageous Things You Are Taxed On. The first one on our list of outrageous things you are taxed on probably never crossed your mind – illegal activities. Let’s dive in! Illegal Activities.

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LyfeAccounting

DECEMBER 7, 2020

?. Today, we’re going to be deep-diving into US payroll taxes. And after helping hundreds of businesses with their accounting and taxes, we know a thing or two about it. Note that for guidance or advice specific to your business, you should consult with a tax or legal professional. – State Income Tax.

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LyfeAccounting

JULY 14, 2021

Your physical address might result in you paying significantly more in property taxes than someone else. And as millions of Americans rush from one state to another, one thing you just have to keep in mind is property taxes. That’s why in this post, we’re going to uncover the states with the worst property taxes in the country.

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Rhode Island New Hampshire Vermont Wisconsin 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.

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LyfeAccounting

JULY 22, 2021

if you love paying property taxes then this is not the post for you. Because today, we’re going to uncover the best states to live in to save on property taxes. We recently published a post with a list of the worst property taxes by states. And was it ugly that some states had property taxes as high as 2.5%

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LyfeAccounting

APRIL 23, 2021

And what if we told you the business tax code was actually set up for you to do so? Now unless you’re an accountant reading this then we know you didn’t go to school to learn taxes and you probably don’t spend your weekends binge reading the tax code. Your tax deduction would be about $17,250.

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LyfeAccounting

JULY 22, 2021

if you love paying property taxes then this is not the post for you. Because today, we’re going to uncover the best states to live in to save on property taxes. We recently published a post with a list of the worst property taxes by states. And was it ugly that some states had property taxes as high as 2.5%

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South Carolina Hawaii West Virginia Delaware 52

LyfeAccounting

JANUARY 31, 2021

If you are a business owner that does ANY work from home, and you’re NOT taking the home office deduction… then you’re probably paying more than you have to in taxes to the IRS. If that’s you, and you work from home, then get ready to lower that tax payment to the government. property taxes. HOA expenses.

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PYMNTS

FEBRUARY 1, 2021

From new hires to departing professionals, to raises and bonuses, and to shifting tax laws, payroll can certainly change from one pay cycle to the next. Without automated technology in place, said Ayyad, the alternative is for businesses to conduct payroll calculations manually and then re-key that information into another system.

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MazumaBusinessAccounting

NOVEMBER 1, 2022

If you’re someone who is looking to go the route of working with investors, then it’s vital that you have a sound business plan to show potential investors. If you are considering a loan instead, then it may be worth considering a small business loan. Starting a small business takes time and is a big commitment.

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MazumaBusinessAccounting

NOVEMBER 2, 2022

If you’re someone who is looking to go the route of working with investors, then it’s vital that you have a sound business plan to show potential investors. If you are considering a loan instead, then it may be worth considering a small business loan. Consider Your Accounting and Taxes. Mazuma Wants to Help.

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accounting and finance bookkeeping small business accounting Start-ups 52

xendoo

JUNE 25, 2021

Accounting plays a major role in staying organized, managing taxes, and making smart decisions in any business. . Why accounting is important for real estate businesses. These tips are for you if your business is: Real estate broker or agent. Government bodies (e.g., Select Your Accounting Method.

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Pooley Accounting Services

DECEMBER 2, 2021

Deciding when to recognize income for tax purposes is complex, and the wrong choice can cost a company millions. All companies use one of two accounting methods — cash or accrual. Cash-based accounting means recognizing revenue when it is received and expenses when paid. construction accounting. Compliance reports.

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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.

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PYMNTS

APRIL 9, 2018

When job search service Indeed.com released new data last year about the top professions being sought after by small business employers, the stats suggested something surprising. Small business accountant” was not among the top 10 phrases searched for by those hirers, Indeed.com found.

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LyfeAccounting

FEBRUARY 14, 2021

In small businesses, CPAs might help you select the best entity, hire your first employee, tax plan, create a budget, set your pricing, prepare financial projections, or oversee your books. What Can a CPA Do That Your Bookkeeper or Tax Preparer Cannot? Who Needs Certified Public Accountants?

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LyfeAccounting

JULY 9, 2021

And of course, the more money you make, the more you are usually taxed, right? Well no, there are actually foreign earned income exclusions that can help you avoid paying taxes on certain things. federal income taxes on that foreign earned income… …which again is the money that you made while out of the country.

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income tax Tax Gambling tax return 52

LyfeAccounting

MARCH 10, 2021

CPA accounting services most commonly include compilations, reviews, audits of financial information, and certain tax services. Compilations are basically financial statements that are prepared by an outside accountant. Tax Services . And if you want the best tax advisor for your business, hire a CPA.

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LyfeAccounting

DECEMBER 1, 2020

C-corps are taxed once at the company level, and distributions of profits (aka dividends) to shareholders are taxed again on shareholders’ personal tax returns. Now here are the steps on how you can incorporate a business. Steps on How to Incorporate a Business. Step 3: Putting together your governing documents.

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bookkeeping accounting and finance Georgia Tax 52

LyfeAccounting

NOVEMBER 16, 2020

It’s likely you won’t know if your loan is forgiven and by how much until 2021, which will have some serious implications for your tax planning and financial reporting. Tax Deductibility. Let’s discuss the biggest issue for small businesses and tax professionals which is tax deductibility. State Taxes.

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xendoo

SEPTEMBER 4, 2020

The federal Payment Protection Program (PPP) was designed to help small businesses — and their employees — stay afloat during the COVID-19 pandemic. If not, the business must repay the government. The small business accounting experts at Xendoo have the information you need.

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LyfeAccounting

NOVEMBER 25, 2020

Next, you will need state if your business was unable to operate at the same level of business activity before February 15, 2020? And it’s important that it is due to compliance or guidance issued by government entities like your state or local government. Talk to us today!

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LyfeAccounting

JULY 3, 2021

So, a nonprofit organization is a business entity in which your goal is not to be profitable… …but to make money to expand on a social clause like feeding the homeless or helping victims of harsh circumstances. But we can’t ignore that it has some incredible tax benefits for its members and managers.

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xendoo

MARCH 16, 2022

They can use their personal accounts for business, but we strongly advise against it. Here’s why: It will make it easier to file taxes for your business (since they are separate from your personal accounts). Your accountants and bookkeepers can monitor the account more freely. Business license.

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xendoo

APRIL 20, 2021

Just like a traditional brick-and-mortar business, your eCommerce business needs a good bookkeeping system for essential functions like tracking revenues and expenditures and filing tax returns. Most small business owners choose cash basis, but if you do, you may have to adjust your accounting software.

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LyfeAccounting

SEPTEMBER 15, 2020

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. I’m going to show you how I pay myself in my own business, and what you need to consider. You’re receiving money that has not been taxed.

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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.

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