Tax Deductions Small Businesses Might Miss
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Tax Deductions Small Businesses Might Miss

As a small business owner, a sole proprietorship, partnership, or LLC, you may be able to deduct many business-related expenses that you would not be able to deduct if you were just an employee. These deductions don’t stop at simply reducing your taxable income either. When you take small business deductions for taxes, you also reduce your income, which is subject to self-employment tax.

What Is Legal Bookkeeping and Why Is It a Service Worth Outsourcing?

What Is Legal Bookkeeping and Why Is It a Service Worth Outsourcing?

Legal bookkeeping is a service that includes recording and monitoring financial transactions while following specific laws and regulations. While legal professionals can handle bookkeeping services independently, it’s a time-consuming, tedious task that most don’t have time for because of their busy, hectic schedules. For that reason, they often look for a bookkeeping specialist who understands the legal requirements for financial reporting and tax compliance and can handle recording and monitoring their transactions.