Agro Accounting CPA
We do Accounting for Artists, Freelancers and Creative Companies. Whether you're in NYC, LA - or anywhere in between, given our safe and easy online platform - check out our affordable prices and free accounting + tax advice.
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Key Advantages of Maintaining Your Accounting Books Every Month
Your company’s ledgers, payment records, income tax returns, and journals define the financial structure of your company, and we call them your “financial books of accounts.” At Agro Accounting CPA, we help artists and the self-employed maintain their books of accounts for better future decision-making.
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How to Manage Bookkeeping for Your Small Business
Bookkeeping is the pillar of accounting for a small business. It involves keeping an accurate record of the day-to-day financial activities or transactions of a business, in order to manage finances, taxes, and accounting operations. There are primarily three ways to manage bookkeeping for a small business: self-management, bookkeeping software, and online or in-person income tax services for the self-employed. Website: https://www.agroaccounting.com
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What is included in Deductible Business Travel Expenses?
Business travel expenses are one of the major deductions that freelancers use while calculating their taxable income. There are a lot of things that are covered under business travel expenses, and these deductions come with a lot of complex rules. That’s why it is always recommended to partner with a specialized accountant for freelance workers in order to prepare income tax returns with such deductions. Website: https://www.agroaccounting.com
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Tax Relief Options Available to You
Taxes are complicated. You might have been advised that you shouldn’t hide your income from the IRS and should pay your taxes on time. But still, not all people follow the rules… and when the IRS gets a hold of your tax returns, you have to pay back the taxes that you owe to the IRS. The money that you owe to the IRS in the form of taxes is called back taxes, and you have three tax relief options to pay said back taxes. You can also discuss the options that you have with your accountant for freelance workers.
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Proof of Income Letter for an Apartment
A proof of income letter or an employment verification letter is a letter provided by a company that confirms an employee's employment status and salary. This is the proof of income of an individual. Most landlords ask tenants for proof of income before renting out an apartment.
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How to get Affordable Accounting for Freelance Workers
The average fee to hire a CPA to submit and prepare an income tax return with no itemized deductions is $176 and, with itemized deductions, it is $273. If you are self-employed or a freelancer, a specialized accountant for freelance workers will charge you $457 to prepare an itemized Form 1040 with a Schedule C and a state tax return, according to Investopedia. The concern is how to get affordable accounting for freelance workers.
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Why did I Receive an IRS Notice CP2000?
If your income or payment information does not match the information available on file at the IRS, then you may receive a CP2000 Notice. This is sent when an inconsistency is found during the government review of your tax returns. Let us learn more about this notice and how to respond to IRS Notice CP2000.
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What is a Bonus, and is it Taxable?
Introduction: A bonus can be explained as financial compensation that is above and beyond the regular payment expectation of its recipient. Companies offer a bonus to boost the morale of their employees. It can be paid to an entry-level employee as well as to senior-level executives. Let us learn more about a taxable bonus: https://www.agroaccounting.com
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How Freelancers Can Take Charge of Their Finances
In recent years, freelance working has grown drastically. Especially after the pandemic, a lot of people have opted for freelancing. Whether you make money on the weekend or on weekdays, it is crucial to prepare for your financial responsibilities. You need to take the following steps:
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Why You May Have Received an IRS CP23 Notice
A CP23 notice is a very common form (letter) sent by the IRS to a taxpayer. This notice usually contains a balance due to the IRS. Although it's a common letter, it can still be stressful to a taxpayer.
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How Tax Season can Benefit You
Tax deadlines may seem like a nightmare to most of us. But did you know that there are some who wait eagerly for tax season? If you need proper guidance on doing taxes and tax deadlines, with the help of tax services for freelance workers, then it is not something that will be dreadful to you. If you do not know how tax season can benefit you, then read further to learn some useful details. https://www.agroaccounting.com
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Why Freelancers Need an Accountant Consultant
Introduction: If you are a freelancer and think hiring an accountant is expensive, you may be wrong. Most new freelancers avoid hiring accountants and bookkeepers to save some money. But they forget that hiring an accountant can help them in expanding their business and increasing their profits. Because of this, an Accountant consultant for freelancers is necessary for your business. Read further to learn why hiring an accountant is advised. https://www.agroaccounting.com
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The Benefits of Hiring an Accountant for Your Business
Whether you are a freelancer or a contractor, it is necessary for you to understand the ins and outs of your company's tax affairs in order to achieve sustainability and expansion in your business. Do you wonder how hiring an accountant is beneficial for your business growth? If yes, then read further to get an idea of why appointing an accountant can help you secure a profitable position in the long run. Visit: https://www.agroaccounting.com
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Four Tips for Freelancers to Find a Good Accountant
The main responsibility of a certified public accountant is to accurately prepare and file taxes. This sounds like a simple task, but actually requires a keen eye for detail, extensive knowledge of tax laws, and advanced calculation skills. A good accountant for freelancers has the qualities to do taxes flawlessly. Find a good accountant using these tips. https://www.agroaccounting.com
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Made Money with Airbnb? Some Tax Tips to Clear the Potential Turmoil
Ever since Airbnb came into existence, it has offered an excellent business opportunity to many homeowners. So, if you have ventured into the sharing economy by renting out a room or your entire home through services like Airbnb, HomeAway, and OneFineStay, then now is the time to figure out whether you owe taxes on that income. Website: https://www.agroaccounting.com
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Tax Planning Tips for the Busy Freelancer
While there are many perks of being self-employed or a freelancer, paying taxes can quickly change your mind to becoming a traditional employee. If you are headed into a panic mode, work through the taxpaying checklist mentioned below before moving on to your tax planning for freelance workers.
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Make Tax Planning for Freelance Workers Easy with Agro Accounting CPA
A freelance worker must be well-versed in multitasking. This is the only way for a self-employed, freelance worker to excel in their field. However, there will be certain aspects of business that will trigger the need for you to reach out for help. Knowing when you need assistance and when you can push through is a skill that you develop over time; a skill that can certainly help you build a successful business. While you can try to keep up with your bookkeeping, when it comes to tax planning for freelance workers, you probably will need expert assistance. Website: https://www.agroaccounting.com
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What Do Income Tax Services for Self-Employed Do?
Doing taxes for the self-employed can be a complex task. That’s why most self-employed businesses, artists and freelancers hire expert CPA’s to manage their taxes. If you are new to the world of taxes for the self-employed, then it is best to hire income tax services for self-employed to file your taxes. https://www.agroaccounting.com
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Why Hire an Accountant for Tax Preparation for Freelancers?
The gig economy is thriving in the US! Freelancers are paid really well here and, simultaneously, if you make $400 or more - you have to pay taxes. It is true! Not only that, but when it comes to tax preparation for freelancers, there are so many complexities that it can get difficult to manage your own taxes. For this reason, it is recommended to hire a Certified Public Accountant. Visit: https://www.agroaccounting.com
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Why a Professional Tax Preparer is the Right Choice for You
If you own a small business or are a freelancer, streamlining your finances is the only way for you to grow. Think about it: you get to use the existing money that you have in order to step up your monetary gains. In particular, hiring an accountant for freelancers is a must because, since you tackle everything that comes along your way in your business, it is likely that you do not have enough time on your hands to look out for your business’ financial aspects. Visit: https://www.agroaccounting.com
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How can a Cloud-Based Ecosystem Simplify Company Income Tax for Artists?
The primary incentive behind reaching out to an online CPA platform that can offer accounting services and file company income tax for artists is to receive help in streamlining and managing one’s accounting in the best possible manner. If the accounting firm does not have the right infrastructure and softwares, however, it is highly unlikely that it can meet your auditing and accounting needs. Whenever looking to hire an accounting firm to manage your accounting, it is highly recommended that you inquire about the tools and softwares that the candidate company uses in its workflow. This will give you a clear idea of how organized the firm is and whether or not it is capable of handling your accounting needs. Website: https://www.agroaccounting.com
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8 Tips on Income Taxes for Freelance Workers
Most Freelancers are not into accounting or tax preparation, so they fear income taxes for freelance workers a whole lot. If you are a Freelancer and fear it too, then do read the following tips to gain ground on filing your taxes optimally.
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How Freelancers Can Claim Expenses to Reduce Their Tax Liability
Paying income taxes is not just the duty of an entrepreneur or of a large company owner. Income taxes for freelance workers matter as much as they do for any big company’s shareholder. As expenses are claimed during tax preparation for entrepreneurs, similarly, they may be claimed by freelancers as well. That said, freelancers can get similar relief too, if they account for and report their expenses aptly. So, see how you should claim your business expenses: