Why Should You Keep Business And Personal Account Separate?


Small business owners should operate in a business to realize the tax breaks at their disposal. For example, if you meet the requirements, you can deduct necessary and ordinary business expenses. But business owners often find themselves in tax trouble when they mix business with personal matters. T...

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How to Respond to A Letter or Notice from the IRS?


The letter one expects from the IRS is a refund cheque. However, it doesn’t happen in most cases, and the letter you get from IRS often relates to the tax return. Over here, the point of discussion is how to respond IRS letters. IRS communicates directly with the person they believe ...

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Year-End Tax Planning Hacks for The Small Business Owner In 2019


Taxes for small businesses can be confusing. Several questions are there roams around the mind. Confusion is not an unnatural thing. Few Questions comes to the mind such as: How much do I pay? Why do I have to pay this amount? How can I reduce taxable income? However, it is better to do ...

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How Much Do You Need to Pay To The IRS?


When you do not file proper tax returns or when you file an inaccurate return , you have a tax debt. However, figuring out if you owe IRS money or how much you owe can be a challenge. The tax code gets complicated, and it changes each year. Depending on the situation, you may need to find answers to...

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How to Choose Which Type of Business Entity Will Suit You?


Million things one needs to keep in mind while starting a business. The owner needs to handle things like, raising funds, hiring staffs, fabricating marketing strategies, paying salaries, etc. However, before all these, you need to know the type of business entity structures and what is entity forma...

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The Ultimate Checklist for Small Business Accounting


Managing a small business may sound a small task, but it is exactly the opposite. One of the prime reasons behind it is the workload that a small business owner needs to handle. Among the different works, it is the accounts which remain neglected in most of the cases. Small business accounting is no...

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How To Make The 2020 Tax Season Effortlessly Easy?


With the 2019 tax season coming to closure, you might be happy to forget about taxes again for another year. But if you do it, you would be making next year’s tax season quite difficult for yourself. You might file a tax return just once a year, but taxes affect you all through the year. Now, ...

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How Much Should You Keep Aside For Small Business Tax?

Small business tax guide

Not quite sure how much you need to save for small business tax? There are many ways to go ahead calculating what you actually owe and saving the right amount. The right method to use would depend on how long you have been in the business, how stable the income, how willing you are to crunch the num...

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Accountants Can Serve You in More Than Just Tax Returns: Know How


A common conception plays in the mind of the people that one need to hire accountants to get help in tax preparations. However, it is important that one must know that the accountant is hired for more than the tax returns and accounting services only. Following statistics are enough to prove that t...

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What May Occur in Case of Not Having Proper Bookkeeping?

Bookkeeping service experts

Do you know that in 2018 alone there were 1.26 million accountants and auditors and 1.53 million bookkeeping services, accounting and auditing clerks employed in the U.S? Surprisingly, it is the state of CA that employed the most accountant and auditor in 2018. It presents a picture that shows the ...

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