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.

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MyIRSRelief

APRIL 29, 2024

By providing a combination of tax planning, bookkeeping, and financial guidance, they empower small businesses to thrive, focusing their energy on what they do best – innovation, growth, and serving their customers. These are just a few examples, and the expertise of a specialized tax and accounting firm goes beyond industry specifics.

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xendoo

SEPTEMBER 10, 2021

A small business accountant can provide guidance at every stage of your company’s development, and they can be invaluable when it comes to tax preparation, succession planning, and more. Tax planning. Tax preparation. Budgeting and planning. Personal tax preparation and filing.

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ThomsonReuters

MARCH 1, 2024

Each child can make up to $12,000 without paying federal income taxes, and those salary amounts ($24,000 for two children, say) are subtracted from the business’s total income, saving on taxes. Deduct state taxes (if possible) S corps can deduct state and local taxes (known as a SALT deduction), but there are a few factors to consider.

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SkagitCountyTaxServices

DECEMBER 8, 2021

Year End Business Tax Strategy #1: You’re the boss. If you have employees, you have some special tax preparations to think about concerning tax preparation this year. Year End Business Tax Strategy #2: Timing’s everything. This brings us to a key concept of tax planning. What a deal.

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LyfeAccounting

APRIL 22, 2021

Myth #1: Amazon pays $0 in taxes. Amazon paid $0 in Federal taxes in 2017 and 2018 but Amazon does pay plenty of payroll taxes, state taxes, and international taxes. In 2019, Amazon broke its streak of paying $0 Federal taxes and actually owed money to the federal government. Well, there you have it!

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Accounting Today

JUNE 28, 2022

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CPA Practice

AUGUST 31, 2023

Small business owners typically struggle with saving for retirement because they juggle operating expenses, payroll, taxes, and financing growth opportunities. Don’t forget about your business owners : According to a study by Guidant Financial, Gen X accounts for 47% of all small business owners.

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MyIRSRelief

NOVEMBER 19, 2021

That’s why so many people choose to hire a tax preparer/ EA, Attorney, CPA, they don’t want the hassle of doing it themselves, and they trust an expert to handle their business. Tax credits to look out for. Earned Income Tax Credit (EITC).

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LyfeAccounting

NOVEMBER 4, 2020

Similar to employees, payroll taxes such as Medicare and social security should be withheld and paid on every paycheck. So essentially, you would be paying self-employment taxes with every paycheck but only on the salary you would be paying yourself. These Forms tell the IRS how you have withheld and paid in payroll taxes.

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