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What Paperwork Do I Need to Keep for Taxes?

Pooley Accounting Services

but I don’t need to tell you that you should NOT file fraudulent tax returns in the first place. . For instance, retailers, professional service providers, and real estate investors all have different needs that may impact the documents they keep. . Real Estate. A Word About Employment Taxes.

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

LyfeAccounting

Instead, pay your kids and stop paying the tax on it. So let’s say you’re sole proprietor or LLC, your business is also not required to pay payroll taxes on the income you pay to your child! If you want to know the tax differences between sole proprietor vs. LLC vs. S-Corp , then we also have a post for that.

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Startup Accounting Guide: Everything You Need to Know in 2022

Accounting Seed

For instance, if you buy property such as real estate, cars, or computer equipment, you’ll keep the relevant records as long as you own the asset. You may need to overhaul your workflows to keep up with higher volume, or upgrade to a more sophisticated accounting software tool. Tips for Good Accounting Workflows.

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Tax Credits You May Claim Now

MyIRSRelief

The small-business accounts for tax credit is a great way for your business to grow. Tax Credit for Small Employer Pension Plan Startup Costs and Auto-Enrollment (Form 8881). The New Markets Credit is a tax credit that supports businesses who invest in Community Development Enterprises and CDFIs.

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