Original Article Source Credits: Chron , https://smallbusiness.chron.com/
Article Written By: George N. Root III
Original Article Posted on: NA
Link to Original Article: https://smallbusiness.chron.com/advantages-bookkeeping-10662.html
Author: External Author | | Categories: Bookkeeper , Bookkeeping
Original Article Source Credits: Chron , https://smallbusiness.chron.com/
Article Written By: George N. Root III
Original Article Posted on: NA
Link to Original Article: https://smallbusiness.chron.com/advantages-bookkeeping-10662.html
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Author: J&R Accounting Group LLC. | | Categories: Accounting Firm , Bookkeeping , Tax Planning
Thanks for stopping by our blog. If you’re looking for more information about J&R Accounting Group LLC., you’ve come to the right place.
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Author: External Author | | Categories: Accounting , Accounting Firm , Bookkeeper , Bookkeeping , Business Accounting , Business Entity Selection , Filing Taxes , IRS Tax Problems , Personal Accountant , Rent Properties Precluded Loss Deductions , Tax Accountant
Original Article Source Credits: forbes, https://www.forbes.com
Article Written By: Brian Menickella
Original Article Posted on: Dec 14, 2020
Link to Original Article: https://www.forbes.com/sites/brianmenickella/2020/12/14/year-end-tax-planning-tips-for-2020/?sh=10d2a718d661
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Author: External Author | | Categories: Accountant , Accounting , Accounting Firm , Bookkeeper , Bookkeeping , Business Accounting , CPA , Filing Taxes , Personal Accountant , Tax Planning
Original Article Source Credits: investopedia, https://www.investopedia.com
Article Written By: MICHELLE P. SCOTT
Original Article Posted on: Dec 19, 2020
Link to Original Article: https://www.investopedia.com/articles/personal-finance/032116/top-6-strategies-protect-your-income-taxes.asp
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Author: External Author | | Categories: Bookkeeping , Business Accounting , IRS Tax Problems , Personal Accountant , Rent Properties Precluded Loss Deductions , Tax Planning , Tax Preparation
Original Article Source Credits: Business 2 Community , https://www.business2community.com/
Article Written By: Angela Hausman, PhD
Original Article Posted on: November 18, 2020
Link to Original Article: https://www.business2community.com/strategy/3-simple-ways-to-protect-your-business-during-covid-19-02363699
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Author: J&R Accounting Group LLC. | | Categories: Accountant , Accounting , Accounting Firm , Bookkeeper , Bookkeeping , Business Accounting , Business Entity Selection , Business Tax Return , Certified Public Accountant , CPA , IRS Tax Problems , Personal Accountant , QuickBooks , Small Business Accounting , Tax Accountant , Tax Advisor , Tax Planning , Tax Preparation
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Author: J&R Accounting Group LLC. | | Categories: Accountant , Accounting , Accounting Firm , Bookkeeper , Bookkeeping , Business Accounting , Business Entity Selection , Business Tax Return , Certified Public Accountant , CPA , Filing Taxes , IRS Tax Problems , LLC , Personal Accountant , QuickBooks , Rent Properties Precluded Loss Deductions , Small Business Accounting , Tax Accountant , Tax Advisor , Tax Planning , Tax Preparation
Recently passed tax bill denies (effective for amounts incurred after 12/31/17) the deduction for business entertainment (events, athletic events, recreation and amusement, etc.). The 50% deduction for business meals is still available assuming all the requisite requirements are maintained (documented as to who, what, when, where, and that a substantial business discussion takes place during the meal). Comparison between the old law and new law: Type 2017 Law 2018 Tax Reform Employee Recreational Event Deduct Deduct Entertaining Clients 50% Deductible Only Meals 50% Deductible Lois 50% Deductible 50% Deductible Meals provided for convenience of employer that are not included in employee’s gross income (de minimis fringe benefits) 100% Deductible 50% Deductible
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Author: J&R Accounting Group LLC. | | Categories: Accountant , Accounting , Accounting Firm , Bookkeeper , Bookkeeping , Business Accounting , Business Entity Selection , Business Tax Return , Certified Public Accountant , CPA , Filing Taxes , IRS Tax Problems , LLC , Personal Accountant , QuickBooks , Rent Properties Precluded Loss Deductions , Small Business Accounting , Tax Accountant , Tax Advisor , Tax Planning , Tax Preparation
Entrepreneurial thinking of starting your own business
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Author: J&R Accounting Group LLC. | | Categories: Accountant , Accounting , Accounting Firm , Bookkeeper , Bookkeeping , Business Accounting , Business Entity Selection , Business Tax Return , Certified Public Accountant , CPA , IRS Tax Problems , Personal Accountant , QuickBooks , Small Business Accounting , Tax Accountant , Tax Advisor , Tax Planning
Recently passed tax bill denies (effective for amounts incurred after 12/31/17) the deduction for business entertainment (events, athletic events, recreation and amusement, etc.). The 50% deduction for business meals is still available assuming all the requisite requirements are maintained (documented as to who, what, when, where, and that a substantial business discussion takes place during the meal).
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Author: J&R Accounting Group LLC. | | Categories: Accountant , Accounting , Accounting Firm , Bookkeeper , Bookkeeping , Business Accounting , Business Entity Selection , Business Tax Return , Certified Public Accountant , CPA , Filing Taxes , IRS Tax Problems , LLC , Personal Accountant , QuickBooks , Rent Properties Precluded Loss Deductions , Small Business Accounting , Tax Accountant , Tax Advisor , Tax Planning , Tax Preparation
For calendar year tax returns reporting 2017 information that are due in 2018, the following due dates will apply. Form 2018 Filing Due Date (Tax Year 2017) Form W-2 (electronic or mail) January 31st Form 1065 – Partnerships March 15th Form 1120S – S Corporations March 15th Form 1040 – Individuals April 17th FinCEN 114 – FBAR (will be allowed to extend) April 17th Form 1041 – Trusts and Estates April 17th Form 1120 – C Corporations April 17th Form 990 Series – Tax Exempt Org May 15th Form 5500 Series – Employee Benefit Plan July 31st Form Extended Due Dates Form 1065 Extended Return September 17th Form 1120S Extended Return September 17th Form 1041 Extended Return October 1st Form 1120 Extended Return October 15th Form 1040 Extended Return October 15th FinCEN 114…
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Author: J&R Accounting Group LLC. | | Categories: Accountant , Accounting , Accounting Firm , Bookkeeper , Bookkeeping , Business Accounting , Business Entity Selection , Business Tax Return , Certified Public Accountant , CPA , Filing Taxes , IRS Tax Problems , LLC , Personal Accountant , QuickBooks , Rent Properties Precluded Loss Deductions , Small Business Accounting , Tax Accountant , Tax Advisor , Tax Planning , Tax Preparation
Click here to download tax summary 2017 report
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Author: J&R Accounting Group LLC. | | Categories: Accountant , Accounting , Accounting Firm , Bookkeeper , Bookkeeping , Business Accounting , Business Entity Selection , Business Tax Return , Certified Public Accountant , CPA , Filing Taxes , IRS Tax Problems , LLC , Personal Accountant , QuickBooks , Rent Properties Precluded Loss Deductions , Small Business Accounting , Tax Accountant , Tax Advisor , Tax Planning , Tax Preparation
President Trump recently signed the tax reform bill into law, and it makes major changes to the U.S. tax code for both individuals and corporations. 1. New individual tax rates and brackets For 2018 through 2025, the new law keeps seven tax brackets, but six are at lower rates. In 2026, the current-law rates and brackets would return. The temporary rate brackets under the new law are as follows. Single Joint Head of household 10% tax bracket $0 – $9,525 $0 – $19,050 $0 – $13,600 Beginning of 12% bracket $9,526 $19,051 $13,601 Beginning of 22% bracket $38,701 $77,401 $51,801 Beginning of 24% bracket $82,501 $165,001 $82,501 Beginning of 32% bracket $157,501 $315,001 $157,501 Beginning of 35% bracket $200,001 $400,001 $200,001 Beginning of 37% bracket $500,001 $600,001 $500,001 One thing to notice from these brackets…
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