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Padgett & Padgett, PLLC CPA’s Tips for 2023 Small Business Tax Planning

SkagitCountyTaxServices

Getting into planning mode is going to require you actively carving out some time in your busy business owner schedule… whether you’re facing doing taxes on your own (not recommended) or meeting up with your favorite tax pro (wink, wink). As of 2023, it’s scheduled to reduce every year. Check with us.

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Going, Going…Gone: Will Medicare Tax Liability Strike Out Shohei Ohtani’s Annual Salary?

Withum

Ohtani, his agents, and the Dodgers structured the contract so that $20 million will be paid to Ohtani from 2023-2033 ($2 million per year), with the remaining $680 million deferred amount to be paid from 2034-2043. Let’s start with his federal payroll tax liability. The Social Security tax withholding is 6.2%

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Shohei Ohtani’s Deferred Compensation Comes With Shocking Tax Obligations

Withum

Ohtani, his agents, and the Dodgers structured the contract so that $20 million will be paid to Ohtani from 2023-2033 ($2 million per year), with the remaining $680 million deferred amount to be paid from 2034-2043. Let’s start with his federal payroll tax liability. The Social Security tax withholding is 6.2%

Tax 97
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Top tax season client questions

ThomsonReuters

The earned income tax credit (EITC) is determined based on a taxpayer’s earned income from wages and other sources. The earned income tax credit (EITC) is determined based on a taxpayer’s earned income from wages and other sources. How is the EITC changing?

Tax 52
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Founders – Get Huge Tax Breaks by acting now!

Shay CPA

Founders – check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. . R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits?

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Nexus FAQs

Withum

The dates these laws became effective vary by state, with Missouri’s requirement effective in 2023. The remaining five states do not impose a sales tax. To get started, you will need the following: Where the company currently files income tax, payroll tax, unclaimed property, and sales tax.