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Why Hiring a Tax Pro Boosts Your Small Business (and Saves You Money)

MyIRSRelief

They stay current on the latest regulations, ensuring your business maximizes legal tax breaks on forms like 1120, 1120S, and 1065, while minimizing liabilities. Compliance Navigation: Tax compliance goes far beyond just filing. Time Efficiency: Tax preparation and research are notorious time-sinks.

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Year-End Business Tax Strategy for Skagit County SMB Owners

SkagitCountyTaxServices

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. You want that money sooner so you can be taxed on it in 2021.

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Nonprofit 990 Tax Compliance: Navigating Challenges with an Enrolled Agent

MyIRSRelief

Handling Volunteer Labor and Related Issues Nonprofits often utilize volunteers, but this can lead to tax-related complexities, particularly concerning reimbursement and compensation. Common 990 Compliance Issues: preparation & planning Misclassification of volunteers as employees, leading to potential payroll tax liabilities.

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