Small Business and Business Software

Tax Planning For Small Business Owners

Tax Planning For Small Business Owners – For some business owners, tax season has been around since early January. You’ve been in the process of getting and correcting information with your bookkeeper and making sure everything is recorded correctly. You already have everything in your CPA, and they are progressing to review your books for 2021 and find out how much you owe the IRS or how much the IRS owes you. owes

Maybe you’re new to small business tax planning or just fell behind this year. Either way, we’re here to help.

Tax Planning For Small Business Owners

Tax Planning For Small Business Owners

(If you’re still in the process of gathering bank statements, reviewing your payroll, and cleaning up your books for your accountant to understand, you may want to extend your tax return and send it in before October. Might want to consider. 15 instead of April 15. You’ll buy yourself and your CPA time to make sure it’s all correct).

Smart Tax Filing Tips For Small Business Owners

But if you’re just starting to do your taxes and plan to file by April 15, you may find the small business tax planning blog posts below helpful.

In this post, we cover some last-minute tax tips that can still save you some money in April. Don’t skip the entire post, but in the meantime, here are some helpful small business tax planning tips to get you started:

“Do you want to donate but are tight on cash?” Consider giving away shares instead. In fact, consider giving away stock even if you have the cash. This can help you give more while paying less, depending on the situation. Stay in touch with them throughout the year to stay updated and make sure your plans are working for you.

We also have another post full of tax reduction strategies for small business owners. Here are three basic bookkeeping tips to help set you up for success:

High Value Tax Strategies For Small Business Owners

(If you like these small business tax planning tips, here’s another post you won’t want to miss: Small Business Tax Help: Get Your Business Through Tax Season)

Do you handle payroll for your business yourself? That’s an admirable feat, but you need to make sure it’s in tip-top shape. To do this, you can start by making sure you don’t make these common payroll mistakes that many businesses make when they go it alone.

(Here’s another post we think you’ll find helpful: 4 Really Good Invoicing Tips for Small Businesses)

Tax Planning For Small Business Owners

In this post, we also discuss some important IRS paperwork considerations regarding small business tax planning.

Year End Tax Planning Moves For Small Businesses

This information helps ensure that once you start your taxes, you have all the necessary documents you need to ensure compliance.

(Looking for more tips on keeping financial records? Go next: From Shoebox to Success: How to Update Your Business Financial Records)

Another surefire way to make sure tax time isn’t a nightmare every year is to hire professional bookkeeping services. If you’d like to learn more about what Two Streets can do for you, click here to book a call today.

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Did you learn a lot about small business tax planning in this post? Here are three more posts to read next:

Tax Planning And Planning 2021

Have you ever wondered what makes entrepreneurs what they do? You may haveā€¦

Close your eyes and imagine your last trip. Did he jump in the car and arm him? Or… Welcome to Affinity Associates – we are one of the leading accountancy and bookkeeping firms in London, UK providing professional services to UK small and medium businesses. For more than 30+ years, we have served small and medium-sized businesses with a wide range of accounting and bookkeeping, tax and consulting services. Affinity Associates is regulated and authorized for public practice by both the ICAEW and ACCA and is a well-established accountancy practice with teams of highly qualified business accountants.

Whether you are an entrepreneur just starting out with a new business idea or have been running your business for some time, we have a comprehensive list of accounting and bookkeeping services to meet all your needs. You can focus on your core business activities. From start-ups to medium-sized business owners, we have flexible ‘on-off’ modules to support any business in London and across the UK.

Tax Planning For Small Business Owners

Keeping in mind the ever-changing business ecosystem, we also evolve with trends and technologies to offer the latest accounting and bookkeeping services to our clients. And, as part of our evolving nature, we are the UK’s leading cloud bookkeeping and cloud accounting service provider.

Year End Tax Planning Moves For Small Business Owners

The ultimate guide to finding the best bookkeeping services in the UK for your small business is here to help you find reputable bookkeepers for your small business. Bookkeeping services can help you keep records.

What is EY Financial Accounting Advisory Services? Financial accounting services are the process of summarizing, analyzing and recording the financial transactions of a business or individual. The term accounting can also refer to a profession.

When you search for best UK small business accountancy company on Google you will get thousands of results. But among them is finding an accounting firm that is right for you.

Financial accounting is a dedicated branch of business accounting that involves the process of recording, summarizing and reporting various transactions arising from business operations over a period of time. All business transactions are summarized in it.

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Affinity Associates comes highly recommended to us and has taken care of the financial side of our business for over a decade. Day-to-day accounting services are provided by a well-experienced and courteous department dedicated staff. Affinity has restructured our business and provides invaluable tax planning and advice at regular intervals. Our business compliance documents are always prepared well in advance for discussion and the partner is always available for high-level consultation and advice. We are fortunate to have Affinity Associates as our accountants and financial and tax advisors.

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Affiliates are an integral part of our business. They operate a streamlined accounting system that integrates effectively into the modern flow of our fast-paced music promotion business. The Affinity team is a pleasure to work with and their knowledge and advice is invaluable.

Affinity Associates has been providing my business with fast, friendly and efficient accounting services for over 4 years. Knowing that my business accounting is in safe hands with reliable and secure systems allows me to focus on providing high quality consulting services to my clients.

Tax Planning For Small Business Owners

For over a decade, Affinity Associates has provided truly valuable accounting support to our growing portfolio of businesses and charities. The team is highly knowledgeable, totally reliable and always proactive, never failing to provide us with the support we need to move forward. We are particularly grateful to them for their support of the Chartwell Children’s Cancer Trust since its inception. The charity raises money to make vital improvements to children’s cancer care in London and the South East, without supporters like Affinity Associates we wouldn’t be able to make such an incredible impact on the lives of terminally ill children and their families. I would like to say thank you again on behalf of my fellow directors and trustees, I cannot recommend their services more highly.

Effective Tax Saving Tips Every Small Business Owner Needs To Know

Affinity Associates is one of the leading small business accountancy and consultancy firms in London, UK, specializing in a range of accountancy services. We provide high quality small business bookkeeping, advisory, payroll and other accounting services in London, UK.

We are one of the leading small business accountancy services providers in London with the primary objectives of providing quality accountancy, tax advice, assurance and business advisory services to small business owners. We have over 30 years of experience and can help you with financial matters.

We are passionate about the business we are in and pride ourselves on our personal approach to managing each customer relationship and their respective needs. Whether it’s small business bookkeeping services or tax advice, our mission is to deliver exceptional quality every time.

At Affinity Associates, all of our small business accounting and bookkeeping services are designed with your needs in mind. Whether you are a start-up, small or medium-sized business in the UK, we have a wide range of services to meet your accounting and bookkeeping requirements on your terms.

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For small business accountancy services in Staines, Leatherhead, Weybridge, Chertsey, Caterham, Dartford, Uxbridge, Harrow, Watford, Enfield, Laughton, Brentwood and Romford, feel free to call us on +44-20-8903-2077 Contact. Now is a great time to review your business finances as we approach the end of the year. Your business may be affected by recent tax changes or new relief measures for financial losses due to COVID-19. Assessing the tax consequences of these new measures can be complex, so please do not hesitate to consult with your accountant and us to determine how this may affect your business finances.

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