xendoo

JANUARY 16, 2023

From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate. A professional tax advisor or CPA can accurately file your business taxes on time.

business tax 52

business tax Tax income tax payroll tax 52

Cherry Bekaert

MAY 3, 2024

blocker corporations for U.S. individual taxpayers and partnerships began following the Tax Cuts and Jobs Act of 2017, when the corporate income tax rate was reduced from 35% to 21%. This made the corporate tax rate significantly less than the maximum individual tax rate of 37%. tax return.

Tax 87

Tax income tax Non-Profits corporation tax 87

Withum

SEPTEMBER 2, 2022

Corporations that file as part of a combined group and have more than $10,000 of NYC receipts are deemed to satisfy the receipts threshold if the in-state receipts of all members of the group that separately exceed $10,000 meet the $1 million threshold in aggregation. New York City Pass-Through Entity Tax. Contact Us. Let’s Chat.

New York 83

New York Tax tax return corporation tax 83

CPA Practice

MARCH 8, 2023

Companies can currently write off 100% of qualified equipment costs in the year it placed its service. This percentage is scheduled to drop to 80% in 2023, 60% in 2024, 40% in 2025, until its wholly phased out in 2027.  He is responsible for Bloomberg Tax & Accounting’s corporate tax products, including Fixed Assets.

income tax 111

income tax Tax financial statements corporation tax 111

Withum

MAY 4, 2022

New York’s fiscal year 2023 budget bill that was enacted into law significantly expands the benefits of the state’s pass-through entity tax (“PTET”) for many businesses. Some of the major PTET highlights include amplifying the benefits for resident S corporation shareholders, as well as establishing a New York City PTET.

income tax 112

income tax New York Tax New Jersey 112

Withum

APRIL 5, 2023

The magical application of Section 1202 for C corporation shareholders seems too good to be true, with millions of tax dollars being saved. Section 1202 was enacted in 1993 and excludes certain percentages of gain triggered on the sale of Qualified Small Business Stock (“QSBS”) provided the stock is held for more than five years.

income tax 69

income tax corporation tax Tax Sales 69

xendoo

DECEMBER 11, 2022

Tax deductions (These vary by company. View our list of tax deductions for businesses.). Business tax credits you plan to apply for. Filing corporate taxes may be confusing, especially for larger businesses that need to consider depreciation, business expenses, and tax credits.

Tax 52

Tax income tax tax return bookkeeping 52