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Tax Season 2021: Prepare Now (Don’t Miss These Deadlines)

LyfeAccounting

On the other hand, if you’ve paid very little attention to some of the tax changes or programs then you’ve got a lot to catch up on. Regardless of where you are our team at, LYFE Accounting specializes in business tax returns and we’re ready to help you this year. Taxes and licensing fees. February 12, 2021.

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What Do Accountants Charge for Small Businesses?

xendoo

They know they’re probably making mistakes and missing opportunities that a pro would spot right away, but they don’t know if accounting services will save more than they cost. Tax return (unincorporated) — $200 to $500. Tax return (incorporated) — $800 to $1,800. Financial statement — $1,000 to $2,500.

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Child Tax Credit Portal Update & New Non-Filer Sign Up Tool (2021)

LyfeAccounting

So, in one of our previous posts, we were getting a lot of questions if you can get the child tax credit if you don’t file taxes. The IRS commission, Chuck Rettig said: “We have been working hard to begin delivering the monthly Advance Child Tax Credit to millions of families with children in July. Are a resident of a U.S.

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Got an IRS Letter? Here’s What to Do

LyfeAccounting

They have a question about your tax return. They changed your return. They need to notify you of delays in processing your return. Usually, when you receive an IRS letter, it is not going to be in reference to all of the tax returns you ever filed. You are due a larger or smaller refund.

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How to Change from an LLC to an S Corporation

xendoo

Are better for small businesses. Under “S” corporation status, the small business owner’s income, losses, deductions, and credits “flow through” to you and are reported on your personal tax returns and assessed at your individual income tax rate. How is an LLC Different from an S Corporation?

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Bookkeeping vs Accounting: What’s the Difference? How Should You Choose?

LyfeAccounting

At LYFE Accounting, we’ve helped companies with their bookkeeping and accounting processes. We’ve helped companies with preparing their financial statements. And we’ve helped companies save a lot of money with tax preparations. So if you’re in a business, then understanding your financials are really important.

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

All small business owners need to be familiar with basic accounting and bookkeeping, as it gives them a clear picture of the state of their finances, allows them to make informed business decisions, and lets them react to any adverse changes faster. Small business accounting basics.