CPA Practice

JULY 7, 2023

King & Oliason specializes in tax consulting and tax return preparation for high-net-worth individuals, their families, non-profit organizations, and closely held businesses in the Pacific Northwest.

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LyfeAccounting

JUNE 29, 2021

How to opt-out of monthly child tax credit payments? So if you are someone who does not want an advanced payment on your child tax credits… …maybe because you are worried about your tax liability, or maybe you just like the idea of a big tax refund when you file your taxes, t hen you can opt out.

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Going Concern

MARCH 11, 2022

—PwC Becomes Latest Subject of Investigations [ Bloomberg Tax ] Paul Brehony of Signature Litigation LLP looks at the growing number of investigations by the U.K. tax authority into historic audit failures by the “Big Four” firms, and discusses the prospects for success of proposed major reforms to the audit regime.

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LyfeAccounting

OCTOBER 21, 2020

?. In federal taxes you owe $78,435.72. Look, those were like your tax liabilities from last year. So I’d say, learn how to use small business tax deductions to lower your liability. Because you definitely don’t want to spend more in taxes for another year. Because like clockwork, taxes come due every year.

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LyfeAccounting

FEBRUARY 9, 2021

?. What are the tax benefits of S-Corps? And here’s a quick note: We recently saved our client over $95,000 in taxes by making one small change – you guessed it right, helping her switch from an LLC to an S-Corp. You’ll want to consult with a CPA , or your tax and legal advisor regarding your specific business.

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LyfeAccounting

FEBRUARY 19, 2021

We will also be discussing a typical operating agreement, how taxes work, and compare it against sole proprietorship. It is no longer attached to and identified with the owner for tax or liability purposes. How a Single Member LLC is Taxed. This is attached to your personal federal tax return that you file with the IRS.

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xendoo

MARCH 26, 2021

Your books are up to date with your dedicated financial team, financial insight is at your fingertips, and you are always tax-ready. Your plan also includes profit and loss statements, balance sheets, monthly trend graphs, a standard chart of accounts, tax returns *, tax consulting*, and more.

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LyfeAccounting

APRIL 23, 2021

And what if we told you the business tax code was actually set up for you to do so? Now unless you’re an accountant reading this then we know you didn’t go to school to learn taxes and you probably don’t spend your weekends binge reading the tax code. Your tax deduction would be about $17,250. Crazy right?

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xendoo

MAY 9, 2021

You may have outgrown your current legal status and it’s time to change from an LLC to S Corp to gain additional tax benefits that you’ve earned! The main differences between an LLC and an S Corp are: An S Corporation isn’t a business entity like an LLC—it’s an elected tax status. Tax-preferred retirement savings .

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tax return Tax tax consultant Legal 52

Going Concern

SEPTEMBER 22, 2023

In addition to his new role, he will continue to serve as co-director of the firm’s DC-Metro tax practice. James Greiner said he was not shocked about the layoff, but was surprised it happened right before the third quarter tax deadline for clients. Greiner was a client-relationship manager for Croft and Frost for a year and a half.

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xendoo

FEBRUARY 24, 2021

Small business bookkeeping services can support you with everything from simple data entry to offering more in-depth tax filing services and business consulting. It is a full service bookkeeping package and includes a business and state tax return. What is the best way for a small business to do bookkeeping?

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LyfeAccounting

JANUARY 20, 2021

If you did not receive round 1 of PPP loans or returned your loan, you are eligible to receive PPP for the first time if you meet the following conditions: Your businesses was in operation on February 15, 2020 and is currently operational. You had paid salaries and payroll taxes or paid independent contractors. 10 million.

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Cherry Bekaert

NOVEMBER 14, 2023

Contributor: Chelsea Payne , Senior Manager, Tax Services As the end of the year approaches, strategic planning remains crucial for taxpayers looking to optimize their financial positions and set the stage for a strong start in the upcoming fiscal year. Generally, taxpayers must reinvest the gains realized within 180 days of the transaction.

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Real Estate tax planning Construction Tax 109

xendoo

JANUARY 26, 2023

As a business owner, you probably know that you should file taxes on time. However, if you’ve fallen behind on taxes, you’re not alone. Over 33% of Americans procrastinate doing taxes until the last minute. Reasons for procrastinating taxes vary. What happens if a business doesn’t file taxes by the due date?

Tax 52

Tax tax return Non-Profits Legal 52

LyfeAccounting

MARCH 19, 2021

Where is my tax refund? This is a question we get asked all the time when our clients have done everything right and yet they still haven’t received their tax refund. Well in this post, we want to help eliminate all of the questions and confusion around: Where your tax refund is? What Stage Your Tax Refund Is?

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MyIRSRelief

JUNE 14, 2021

This means surrounding yourself with the best personnel, including the right Los Angeles CPA or EA tax firm that can do so much for your needs. Especially when you are preparing your taxes or being audited. File All Tax Returns. Your taxes get filed and you stay out of trouble with the IRS at least in that regard.

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xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

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LyfeAccounting

MAY 3, 2021

Tax credits vs tax deductions: What is the difference? Now, of course, no one really wants to pay more than their fair share of taxes. And understanding the difference between tax deductions and tax credits can give you more confidence that you are not paying too much in taxes. What is a Tax Credit?

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LyfeAccounting

MARCH 5, 2021

?. Which business entity is going to save you the most money on your taxes? Now, your tax expense can greatly vary based on the entity you select here. So by the end of this post, we hope that you’re saving thousands and not paying thousands more than you have to in taxes. Legal vs Tax Entity. So, you’re taxed twice.

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Tax Legal tax return Non-Profits 52

LyfeAccounting

NOVEMBER 4, 2020

?. In today’s post, I’ll be going over everything you need to know about tax filings for your small business and how to stay out of trouble with the IRS. Similar to yourself as an individual, your small business has tax requirements that must be met in order to avoid unwanted penalties and interest from the IRS. Sound good?

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KROST

JANUARY 14, 2021

Most of these provisions are included in the Additional Coronavirus Response and Relief (“ACRR”) and the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (“TCDTRA”) Divisions of the Act. The second round of Recovery Rebates authorized by the Act are direct credits against 2020 taxes. Tax , Real Estate. Recovery Rebate.

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Real Estate tax return tax consultant Tax 55

xendoo

MARCH 18, 2021

A skilled accountant will keep you tax compliant and ensure that you’re always in-the-know and focused on the big picture when it comes to your financials. Online accounting software provides tracking and up-to-date visibility on your business’s financial health, so you can make smart decisions and be tax-ready all year long. .

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LyfeAccounting

APRIL 8, 2021

In most of our previous posts, we’ve been busy revealing all of the ways to help you save on taxes and claim every deduction and tax credit as much as you can. Being able to deduct the business use of your car can turn out to be one of the largest tax deductions you can use to reduce your income. You owe taxes on the gain.

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audit Gambling tax return Tax 59

LyfeAccounting

APRIL 29, 2021

Let’s talk about tax brackets for 2021. What Stayed The Same in Tax Brackets 2021? This tax season , what are the things that remain unchanged? Well, the number of tax brackets did not change in 2021. T here are still a total of seven tax brackets. T here are still a total of seven tax brackets.

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CPA Practice

MARCH 10, 2023

That money is expected to be used to modernize the agency’s outdated technology systems, improve taxpayer services, and to increase tax enforcement activities, among other things. Everything the IRS does in coming years will be examined not just as a matter of tax administration, but also as to how it plays out politically.

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