Legal, payroll tax and tax planning

Navigating Business Tax Services in Whittier, California

MyIRSRelief

MARCH 29, 2024

These experts not only ensure compliance but also strategize to leverage tax benefits, credits, and deductions that businesses might not be aware of. The goal is to optimize a business’s tax position, reducing liabilities while adhering to legal requirements.

California

California tax services business tax Tax

Tax Problem Resolution in the Inland Empire, CA

MyIRSRelief

APRIL 22, 2024

The process involves submitting an application to the IRS with a detailed explanation of your financial situation, often with the help of a tax professional. How Can I Resolve Unfiled Tax Returns in Corona, CA? Failing to file tax returns can lead to penalties and potential legal issues. What should I do?

Tax

Tax payroll tax tax return payroll

Navigating Tax Compliance Challenges in the Trucking Industry: How Our Tax Firm Can Guide You

MyIRSRelief

AUGUST 1, 2023

Employment Tax Issues : Employee classification, especially for owner-operators, poses a significant compliance risk, as misclassification can lead to unpaid taxes, fines, and legal consequences. However, managing payroll taxes for these two distinct driver categories can be a daunting task for trucking companies.

payroll tax

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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US Payroll Taxes Explained (Everything You Need to Know)

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. Categories of US Payroll Taxes.

payroll tax

payroll tax payroll Tax income tax

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

MyIRSRelief

OCTOBER 3, 2022

Whether you’re a striving business owner or an individual taxpayer, you can hire a tax preparer to process and complete all of your tax forms. Once the process is complete, you sign the forms and make a payment to the tax preparer. Los Angeles Tax Planning Services for Individuals and Businesses.

tax services

tax services California Tax tax preparation

The Benefits of Delayed Business Filings

CPA Practice

DECEMBER 19, 2023

A delay allows business owners to specify a future effective date on their registration forms, granting them control over when their company officially becomes a legal entity. In a delayed filing, the business controls when the company officially becomes a legal entity. Let’s look at both options.

Rhode Island

Rhode Island West Virginia South Dakota North Dakota

Payroll Taxes vs. Income Taxes | What’s the Difference Between Payroll and Income Tax?

LyfeAccounting

NOVEMBER 17, 2020

With our first business, LYFE Marketing, I remember stressing to figure out what was the best way to pay my taxes. I missed payroll tax filing deadlines that cost me thousands of dollars. Like, literally, I paid my payroll taxes one-day late by accident, the IRS sent me a penalty for over $1,000. Withholding Taxes.

income tax

income tax payroll tax payroll Tax

How do I choose what entity type my business should be?

Basis 365

APRIL 28, 2022

Choosing your entity type really crosses two disciplines, legal and tax. The legal side of your entity type relates to your legal protection or future equity expectations for the business. Partnership A partnership retains the simple setup process but also comes with expanded accounting and tax reporting requirements.

income tax

income tax tax return tax planning Legal

LLC vs. S corp: Which is right for your business and taxes?

xendoo

AUGUST 2, 2023

Why your business structure matters Choosing the right business entity is crucial for several reasons, including: Liability protection: Some business types provide legal protection for your personal assets, while others don’t. Taxes Taxed as a pass-through entity. Subject to self-employment taxes.

Tax

Tax income tax tax return Non-Profits

LLC vs. S corp: Which is right for your business and taxes?

xendoo

AUGUST 2, 2023

Why your business structure matters Choosing the right business entity is crucial for several reasons, including: Liability protection: Some business types provide legal protection for your personal assets, while others don’t. Taxes Taxed as a pass-through entity. Subject to self-employment taxes.

Tax

Tax income tax tax return Non-Profits

Trucking Tax & Accounting by Mike Habib, EA Los Angeles, CA

MyIRSRelief

MARCH 15, 2023

The paperwork, deadlines, and complex tax laws can leave you feeling overwhelmed and uncertain about your tax obligations. However, failing to file your taxes can have severe consequences, including back taxes, penalties, and even legal action.

tax accountant

tax accountant Tax bookkeeping Account

How Much Is a Tax Consultant?

xendoo

FEBRUARY 15, 2022

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. Preparing Your Personal Tax Returns.

tax consultant

tax consultant Tax tax return business tax

R&D Tax Credits – Important Things to Know

MyIRSRelief

APRIL 15, 2021

R&D tax credits ( research and development tax credits ) were created back in 1981 as a means of stimulating research and development throughout North America. This is a dollar-for-dollar offset of any federal income tax liabilities, as well as payroll tax liabilities in special circumstances too.

Tax

Tax payroll tax tax return Start-ups

A Guide on How to Hire Your Kids and Pay Less in Taxes

LyfeAccounting

JULY 28, 2021

All while saving thousands of dollars on taxes. We actually recommend this a lot to our clients as a strategy when they work with our tax planning services. Today, we’re excited to show you how to hire your kids and put them on the payroll. Instead, pay your kids and stop paying the tax on it.

Tax

Tax payroll payroll tax Real Estate

Tax Benefits & Differences: Sole Proprietor vs. LLC vs. S-Corp vs. C-Corp | Which Business Entity is Best?

LyfeAccounting

MARCH 5, 2021

We typically charge this information as a part of our tax planning service , but today, you’ll get this information for free. Legal vs Tax Entity. When it comes to entity selection, there are “LEGAL” entity types and “TAX” entity types. A legal entity is an entity that you register with your state.

Tax

Tax Legal tax return Non-Profits

How are LLCs taxed? LLC tax benefits and tips to reduce taxes

ThomsonReuters

FEBRUARY 8, 2024

Now, if an LLC has employees in addition to its members, or owners, the LLC must collect and pay payroll taxes, which include unemployment, Medicare, and Social Security taxes — also known as FICA taxes (i.e., Federal Insurance Contributions Act), or “self-employment” tax. It’s also surprisingly affordable.

Tax

Tax income tax payroll tax Healthcare

Small Business Tax Filings – Everything You Need to Know to Avoid IRS Penalties!

LyfeAccounting

NOVEMBER 4, 2020

Sole proprietorship small business tax filings are actually the same as single-member LLCs. The only difference between a sole proprietorship and a single-member LLC is an LLC legally protects the owner’s assets in case of a lawsuit. These Forms tell the IRS how you have withheld and paid in payroll taxes.

business tax

business tax Tax tax return payroll tax

How to Get Small Business Tax Credits & Incentives

LyfeAccounting

DECEMBER 28, 2020

And what I am going to tell you today is actually LEGAL. So legal that it’s actually right on the IRS and State Government’s websites, most people just have NO Clue about it! It is not meant to take the place of legal and accounting advice specific to your business. First, we discussed how the rich save on taxes.

business tax

business tax Tax tax return Government

Accountant Advocate

Navigating Business Tax Services in Whittier, California

Tax Problem Resolution in the Inland Empire, CA

Webinars

Trending Sources

Navigating Tax Compliance Challenges in the Trucking Industry: How Our Tax Firm Can Guide You

Webinars

US Payroll Taxes Explained (Everything You Need to Know)

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

The Benefits of Delayed Business Filings

Payroll Taxes vs. Income Taxes | What’s the Difference Between Payroll and Income Tax?

How do I choose what entity type my business should be?

LLC vs. S corp: Which is right for your business and taxes?

LLC vs. S corp: Which is right for your business and taxes?

Trucking Tax & Accounting by Mike Habib, EA Los Angeles, CA

How Much Is a Tax Consultant?

R&D Tax Credits – Important Things to Know

A Guide on How to Hire Your Kids and Pay Less in Taxes

Tax Benefits & Differences: Sole Proprietor vs. LLC vs. S-Corp vs. C-Corp | Which Business Entity is Best?

How are LLCs taxed? LLC tax benefits and tips to reduce taxes

Small Business Tax Filings – Everything You Need to Know to Avoid IRS Penalties!

How to Get Small Business Tax Credits & Incentives

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