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Cryptocurrency Taxes 2021 2022

Taxation Of Cryptocurrency: A Guide On Cryptocurrency Taxes

Some big changes occurred towards the end of the 2021 tax year. The long bill talked about the taxation of cryptocurrencies, especially those that facilitate the trading of “digital assets”. In this article, we have penned down a guide on Cryptocurrency Taxes for taxable transactions and events during 2021 and 2022. The new law stipulates …

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Are Virtual Bookkeeping Services Meant For Your Business

Are Virtual Bookkeeping Services Meant For Your Business?

Go through this post to know whether the virtual bookkeeping services are meant for your business. This ongoing pandemic has revolutionized the whole Bookkeeping business as companies have moved from traditional methods to digital methods that can be run remotely also. Moreover, Virtual Bookkeeping can make a big difference, especially for companies facing challenges in …

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Deduction Business Meal Expenses 2021 and 2022

Deduction of Business Meal Expenses for 2021 and 2022

In this article, we have explained the terms for the deduction of business meal expenses for 2021 and 2022. Pandemic had a drastic impact on all the businesses and companies across the globe. However, the worst impact was on the companies that handle the food services. As a result, a large number of businesses saw …

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How Outsourcing Bookkeeping Services Benefits A Company

How Outsourcing Bookkeeping Services Benefits A Company

In this article, we will get to know how outsourcing bookkeeping services benefit a company. If you are a small business owner, your day is spent juggling several tasks. Your mind is occupied with numerous thoughts and you need to make several decisions throughout the day. In managing the employees, handling the clients, and making …

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Per Diem Travel Expenses for 2021-2022

Per Diem Travel Expenses for 2021-2022

The Internal Revenue Service issued the special per diem rates for travel expenses that became effective October 1, 2021, which taxpayers can use to substantiate the amount of ordinary and necessary business expenses incurred while traveling away from home. The IRS allows employers to pay employees per diem rates, or daily allowances for travel expenses …

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Understanding Payroll Tax Payments and 941, RT-6 & 940 Filings

Understanding Payroll Tax Payments and 941, RT-6 & 940 Filings

Individuals and businesses that pay wages to an employee are generally required to make Federal and State payroll tax payments.  They are also required to file the proper tax returns. Understanding the payroll tax payments rules as well as 941, RT-6 & 940 form filing requirements is an important part of running your business.  Accurate …

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Benefits of Online Bookkeeping for Your Business

Benefits Of Online Bookkeeping Services For Your Business

In this article, we will explain the benefits of online bookkeeping services for your business. When you are just starting a company, it may make sense to try to meet your own accounting and bookkeeping requirements. As a result, costs are reduced. But it didn’t take long to realize that you might need help. Why …

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