Ed Lloyd points out a few tax benefits that self-employed people in the USA enjoy:
Ed Lloyd & Associates PLLC are a Certified Public Accountant and provide various accounting and tax services to organizations and individuals in Charlotte. Their experts point out that many people have now started giving up their jobs and moving to freelancing and other self-employment methods. These people have a completely different set of issues when it comes to paying taxes. But they also enjoy some tax benefits which their counterparts in full-time jobs would not be eligible for.
Health Insurance –
People who are self-employed are eligible for tax deductions on the amount they might have paid for themselves and their family members. But this is not allowed if he is part of a subsidized health plan that might have been provided by the spouse’s employer.
Home Office –
Edward Lloyd points out that in case a person works from home and uses a part of the home for his/her work purpose, then he/she is eligible to deduct a portion of the housing cost that is being incurred annually. These deductions include the rent or mortgage, insurance and the charges that are spent on utilities.
If a self-employed person uses a part of the house he lives in for the purpose of his work and then he is eligible for deduction on a part of the utility costs that he spends for his work. On the other hand, if the person has rented or uses some other place for his work, then the whole costs incurred on utilities are fully eligible for tax deductions.
Supplies for Office Use –
A self-employed person is also eligible for deductions on the amount he spends to acquire office supplies. This includes chairs, desk, printers, filing cabinets etc.
Thus, according to the experts at Ed Lloyd & Associates self-employed people can save a lot of money by understanding the benefits that have been given to them under the income tax law.
Want to know about the tax benefits that are enjoyed by senior citizens? Read – Ed Lloyd & Associates’ List of Tax Benefits for Senior Citizens in USA
GET THE BEST FINANCIAL ADVICE FROM ED LLOYD CPA
ED LLOYD AND ASSOCIATES, PLLC
It is very important to sort all your income taxes properly and paying your taxes at the right time can make you prosper in your business as well. It will also keep you stress-free, says Ed Lloyd & Associates PLLC. While paying your taxes on time, there are a number of things that you need to keep in mind. These factors can increase or decrease your tax.
Ed Lloyd CPA one of the renowned tax expert companies specialize in assisting the business owners by giving them the best management advice. They also direct and analyze your business in the right way. The professionals at Ed Lloyd CPA are known for their expertise in the field of taxes, real estate, portfolio management etc.
The managing director of Ed Lloyd & Associates PLLC, PLLC is Ed Lloyd, who is a certified public accountant (CPA). He has 9 years of work experience in the field. He has worked with various regional and local CPA firms and property management firms as well.He did his Bachelor of Science before becoming a CPA.
Ed Lloyd & Associates PLLC specialize in healthcare, real estate, professional services and family owned businesses. They also specialize in managing the taxes in the proper order. They focus on tax planning first before to the other areas. They also form tax reporting and they guide you through the tax process. They provide various tax services and provide beneficial results as well. The indirect taxes are one of the important taxes in any company and Ed Lloyd & Associates PLLC provide numerous services to the taxpayers.
Paying income tax includes a lot of disputes and difficulties that can crop the tax payers completely. And it is the responsibility of an expert like Ed Lloyd & Associates PLLC who can help you pay your income taxes the better way without any kind of stress to the taxpayers.
What to know more about Ed Lloyd & Associates? Read –What is so good about Ed Lloyd & Associates?
BENEFITS OF CONTRACTING ED LLOYD AND ASSOCIATES
ED LLOYD CPA – GET THE CERTIFIED TAX COACH CHARLOTTE
Services Offered by Ed Lloyd CPA
A great way of having your business and company running smoothly is by appointing the best measures to have your taxes sorted. Having your taxes paid at the right time can prove to be highly beneficial for the business and also keep you stress-free. There are a number of things that you need to consider when paying taxes. These factors may eventually increase or decrease the amount of taxes you are paying. These uncertainties may not always prove beneficial for the company and it is due to this reason that you need to opt for the different tax services provided by Ed Lloyd & Associates PLLC.
Direct Tax Services
There are a number of problems that may surface with the calculation and also the paying of direct taxes. With the help of the expert and experienced services put forward by the associates of Ed Lloyd CPA, one can get over, all these problems with much ease. Some of these services include- helping you stay knowledgeable of all the latest federal tax regulations, tax compliance services, corporate tax advisory services, and a lot more. Meeting with all these requirements of a company makes Ed Lloyd & Associates PLLC one of the best tax service providers in the market.
Indirect Tax Services
The indirect taxes are a prominent part of the working of any company. The numerous indirect tax professionals working with Edward Lloyd, provide superior assistance and comprehensive advice in the matter of different indirect services. Some of these indirect taxes include- Excise, Property tax etc.
Tax Controversy and Resolution of Dispute Services
As mentioned earlier, there may be a number of disputes, difficulties and controversies that may crop up with the calculation and the payment of taxes. It is the job of the experts like Ed Lloyd CPA to come up with solutions to this trouble. Some of the ways appointed by them to solve these issues include- revision of the book of accounts, going through the statements, revising the tax payments to be made, etc.
To know more about business services to take advantage of, read -The different Business Services of Ed Lloyd & Associates PLLC
ED LLOYD & ASSOCIATES PLLC LETS YOU KNOW WHY YOU NEED AN EXPERT FOR TAXES
ED LLOYD & ASSOCIATES PLLC – ARE YOU FINANCIALLY AND LEGALLY UPDATED ABOUT YOUR CHILDREN?