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How Much Is a Tax Consultant?

xendoo

If you own a business or earn a significant income, you may be wondering how to manage your tax situation and how much a tax consultant costs. There is a lot to consider when weighing the costs and benefits of hiring a tax consultant. A tax consultant can help with any of these issues.

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4 Tips on How Small Businesses Can Reduce Taxes

VetCPA

As a small business owner, tax liability is the money you owe the government when your business generates income. With changing laws and gray areas regarding deductions, exemptions, and credits, it’s no wonder small business owners rank taxes at the top of the list of the most stress-inducing aspect of business ownership.

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Los Angeles Tax Services – Local tax firm serving all Southern California

MyIRSRelief

If you own a property, a business, or are employed, you’ll likely have to pay taxes. According to the 16th Amendment in our Constitution, individuals are required to pay taxes from income sources. Taxes can be broken down into three categories: what you purchase, what you own, and what you earn.

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

LyfeAccounting

?. What are the tax benefits of S-Corps? And here’s a quick note: We recently saved our client over $95,000 in taxes by making one small change – you guessed it right, helping her switch from an LLC to an S-Corp. You’ll want to consult with a CPA , or your tax and legal advisor regarding your specific business.

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How to Change from an LLC to an S Corporation

xendoo

You may have outgrown your current legal status and it’s time to change from an LLC to S Corp to gain additional tax benefits that you’ve earned! The main differences between an LLC and an S Corp are: An S Corporation isn’t a business entity like an LLC—it’s an elected tax status. Tax-preferred retirement savings .

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When You Need to Hire a Pro: Online Accounting Service for Small Business

xendoo

-based financial team—bookkeeping, tax consulting, and tax filing all under one roof, available 24/7. You need to figure out the best legal structure for your SMB. One of the first steps when starting a small business is determining the best legal structure for the business. Need to finalize your marketing budget?

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What Happens if a Business Doesn’t File Taxes?

xendoo

As a business owner, you probably know that you should file taxes on time. However, if you’ve fallen behind on taxes, you’re not alone. Over 33% of Americans procrastinate doing taxes until the last minute. Reasons for procrastinating taxes vary. What happens if a business doesn’t file taxes by the due date?

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