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Is QuickBooks Capable Of Replacing An Accountant?

Can QuickBooks Replace An Accountant

  Whether you operate a sole proprietorship or a large company, keeping tidy financial records makes it much easier to file your taxes each spring. You also need to track invoices and payments in order to handle potential client disputes, issue refunds, and understand how to budget effectively...

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Top 8 Ways You Can Avoid Tax Audit in 2020

Top 8 Ways You Can Avoid Tax Audit in 2020

  An audit from the IRS is not only stressful, but also time-consuming, especially if your record-keeping is not up to par. Exercising restraint in writing off expenses and deductions and losses for 2019 can help you avoid the wrath of IRS. Seeking the help of a tax professional can lower your...

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Tax Saving Tips New Start – Ups Often Miss Out On

Tax Saving Tips New Start Ups

  In today’s scenario where doing business has become stringent due to the mandatory requirement of complying with multiple and complex laws, taxation law is something you should outsource to an expert. Taxation laws not only in the US but all over the world are complex and not everyone’s ...

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Married Filing Jointly Vs Separately – How To Choose The Filing Status

Married Filing Tax Jointly Vs Separately

Certain life happenings, such as getting married, will prompt you to change the tax filing status. While it may initially feel like a chore, it’s a straightforward process. Depending on your circumstances, married filing jointly or separately can save you money in the coming tax season. Your fili...

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9 Ideas For Effective Bookkeeping Services

9 Ideas For Effective Bookkeeping Services

  Bookkeeping is an important part of your business to help you keep track of your business objectives in order to stay in line with your long-term business goals. It is crucial to keep track of your cash flow, finances, taxes, and business health. Efficient bookkeeping services Beverly Hills h...

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Top Differences Between Tax Avoidance And Tax Invasion

Tax Avoidance And Tax Invasion

Taxes are the result of your earnings or by generating wealth by running a business. Paying the taxes by an individual or an entity is mandatory by law, however, it is still a voluntary compliance. Payment of taxes can be done by planning or avoiding to the extent permissible by using the various t...

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How To Kickstart Your Early Pre-Retirement Financial Planning?

Pre Retirement Financial Planning

The concept of retirement can evoke a mix of emotions, including apprehension and excitement. You may wonder how early you can realistically retire, how much it will cost, whether you’ll have enough to sustain the lifestyle over the long term. In fact, 60 percent of Americans say their biggest fe...

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LLC Vs S Corp – Which Entity Formation Is Better?

s corporations vs llc

If you are a young startup business, you may be thinking about how to structure your company. Like many business owners, your head may be filled with ideas, as you compare sole proprietorship, S Corp, C Corp, LLC entity formation West Hollywood. Which legal entity you choose can have widespread ra...

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What Are The Tax Strategies For High Income Earners?

What Are The Tax Strategies For High Income Earners?

No one wants to pay more taxes than they legally have to. After all, income tax is typically the largest expense for most people. With this in mind, the government offers tax deductions and credits to ease this financial burden.  But the system seems to favor those who fall in a certain income rang...

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What Happens If You Cannot Pay Taxes You Owe?

What Happens If You Cannot Pay Taxes You Owe

You have finished preparing the tax return and notice that you have to pay someone a huge sum, but can’t afford to pay it. Will you go to jail? Probably not. The realization that you can’t afford to pay your taxes can make you feel uneasy, but don’t worry. There are things you can do to remedy...

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