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Inflation Tax: The Hidden Threat to Your Money in 2021

LyfeAccounting

So now let’s talk about the things you can do to avoid an inflation tax if you have a business. 5 Tips That Businesses Can Do to Avoid Inflation Tax. BUT in business, cash can be the difference between starting up or staying in business. So of course, you need cash as a business.

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Top 5 Write Offs for New LLCs in 2021

LyfeAccounting

This would give you a business percentage use of your home. You can then write off that business percentage of your: rent. real estate taxes. Start-up and Organizational Costs. You’re able to deduct up to $5,000 in start-up costs in the first year you open your business.

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Best Accounting Blogs: Finding a Great Blog for Accountants

Snyder

Blog for small businesses accounting and small business owners. Fit Small Business. Why we love this blog: We love Fit Small Business because of how dedicated they’re to helping small business owners succeed.

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Tax Credits You May Claim Now

MyIRSRelief

This credit is worth 50% of your startup costs up to $500 per year. Verify that you qualify, and if you don’t for the previous year, contact your EA, Attorney, CPA about starting up a retirement plan next year. The small-business accounts for tax credit is a great way for your business to grow.

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