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Lord Breakspeare Callaghan LLC BOOKKEEPING BASICS: WHY THEY’RE NOT SO BASIC The Risks of DIY Bookkeeping

Lord Breakspeare Callaghan LLC Tax Errors Can Be Financially Devastating DIY bookkeeping may seem simple at first glance, but its hidden costs—both financial and emotional—can be substantial. IRS Penalties Add Up Quickly Inaccurate bookkeeping can lead to filing errors, which often result in penalties: Accuracy-Related Penalties: Up to 20% of the underreported tax. Late Payment Fees:5% per month […]

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Lord Breakspeare Callaghan LLC Impacting title or subtitle of the article.

Lord Breakspeare Callaghan LLC Impacting title or subtitle of the article. The Risks of DIY Bookkeeping Common errors include: Misclassifying personal expenses as business expenses. Forgetting to record cash transactions. Failing to track deductible expenses. The Cost of Errors: Inaccurate bookkeeping leads to higher tax bills, missed deductions, and increased risk of audits. #Accounting #AccountingFlorida […]

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Lord Breakspeare Callaghan LLC IRS Penalties: The Price of Errors in Tax Filing

Lord Breakspeare Callaghan LLC IRS Penalties: The Price of Errors in Tax Filing The IRS takes tax compliance seriously, and even small mistakes can lead to significant penalties. For small businesses, these penalties can drain cash flow, disrupt operations, and in extreme cases, result in legal action. Some Penalties are: Failure-to-File, Failure-to-Pay and Accuracy-Related Penalty and then […]

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Lord Breakspeare Callaghan LLC The Corporate Transparency Act ruling may affect your business.

Lord Breakspeare Callaghan LLC BREAKING NEWS THAT MAY AFFECT YOUR BUSINESS The Corporate Transparency Act ruling may affect your business. Businesses should remain vigilant and prepared for potential changes. While the preliminary injunction provides temporary relief from the CTA’s reporting obligations, it is crucial for affected entities to monitor the case’s progress and any related legal […]

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Lord Breakspeare Callaghan LLC Violation of tax codes and not separating business and personal expenses could be costly mistakes for a small business.

Lord Breakspeare Callaghan LLC Mixing Business and Personal Expenses Could be Costly Mistakes for Your Business. Violation of tax codes and not separating business and personal expenses could be costly mistakes for a small business. Let Lord Breakspeare Callaghan LLC help with your tax and accounting business needs, it’s more affordable than you think! Call +1-305-274-5811. #LBCPA #Taxes […]

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