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How to Reduce Taxable Income in 2020!

LyfeAccounting

In fact, as a CPA, I’ve helped businesses and individuals save on their taxes through tax planning. With tax planning, I go over the ins and outs of a taxpayer’s situation. I review all sources of income and major life circumstances, and come up with legal ways to save them thousands in taxes.

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7 ways to attract and win new tax clients

ThomsonReuters

Adding services in the areas beyond filing tax returns, such as accounting, payroll, bookkeeping, business planning, payroll and audit solutions, will always be services clients need. Respondents also indicated interest in receiving other services from their accounting firms. 3) Boost your firm’s reputation.

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Copy Amazon’s $0 Tax Strategy! How to Write Off Taxes (Easy Guide)

LyfeAccounting

To help you get started, here are a few of the top tax credits available for small business owners at this time: Opportunity Zone Credit. Small Business Healthcare Tax Credit. Business Energy Tax Investment Credit. Here’s a full list of business tax credits from the IRS website.

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How to Deduct and Write-off Almost Anything from Your Taxes

LyfeAccounting

The tax code was written to provide for the average taxpayer, rather than to incentivize them. The government wants to make sure that this person has access to jobs, affordable housing, healthcare, and so forth. Therefore, the tax code does not incentivize the average taxpayer as much.