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.

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ThomsonReuters

MARCH 1, 2024

To the IRS, S corporations (S corps) are considered “ pass-through entities ”, which means any deductions, losses, income, credits, and profits pass through directly to shareholders, who report their share of the business’s performance on their own personal tax returns. For 2024, S corp taxes are due on March 15, 2024.

corporation tax 52

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Basis 365

APRIL 28, 2022

You really should review this periodically as laws and tax code do change. The Statistics Surrounding Business Types Your business type determines more than just what business tax return you will file. A separate tax return is required to be filed as a partnership is a separate legal entity from the partners.

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Anders CPA

SEPTEMBER 19, 2023

While W2s are simpler and the employer, rather than the employee, is responsible for withholding federal and state income tax, payroll tax and any premiums for offered benefits, filing as a 1099 physician is considerably more complicated. Failure to pay sufficient taxes can result in underpayment penalties and interest.

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ThomsonReuters

FEBRUARY 8, 2024

Instead, income “passes through” to individual members of the LLC, who pay federal income tax earned from the LLC via their own individual tax returns. Federal Insurance Contributions Act), or “self-employment” tax. Federal Insurance Contributions Act), or “self-employment” tax. It’s also surprisingly affordable.

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inDinero Accounting

DECEMBER 22, 2021

It offers a full suite of tools, including web-based billing, accounts payable, accounts receivable, tax planning and compliance features, inventory management capabilities, asset management, shipping tools. Gusto Gusto offers a powerful, all-in-one HR resource to help you manage hiring, payroll, and taxes.

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inDinero Accounting

DECEMBER 22, 2021

It offers a full suite of tools, including web-based billing, accounts payable, accounts receivable, tax planning and compliance features, inventory management capabilities, asset management, shipping tools. Gusto offers a powerful, all-in-one HR resource to help you manage hiring, payroll, and taxes.

accounting software 52

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