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All the Tax Benefits You Need for Your Small Business

Harness Wealth

Professional services require documentation that shows a direct benefit to your business, supported by contracts or engagement letters. This deduction applies specifically to space used exclusively and regularly for business activities, creating a clear separation between personal and professional areas within your home.

Taxes 52
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Implement Digital Documentation for Client’s Onboarding

BlueMind

Client onboarding is one long and painfully exhausting process with which every financial advisor around the globe would unanimously agree. Although client onboarding typically is a process of welcoming new clients into your business, “welcome” isn’t the right word to describe the actual process. Category: Technology.

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LLC vs. S Corp vs. LLP: The Best Business Structure for New and Small Tax Firms

Harness Wealth

This structure enables you to start serving clients promptly without navigating complex formation requirements or incurring significant startup costs. This protection extends to both business debts and potential claims arising from professional services, offering significant protection for tax practitioners.

Taxes 52