MyIRSRelief

APRIL 3, 2023

Tax Planning and Preparation: An accountant (EA or CPA) can help small business owners navigate the complex world of tax laws and regulations, ensuring compliance and minimizing tax liabilities. Q: What can an accountant do to help with tax planning and preparation?

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Shay CPA

DECEMBER 2, 2022

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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Tax CPA tax planning payroll tax 59

CPA Practice

OCTOBER 17, 2023

Here’s what you need to know: If the individual works for an employer, the Social Security tax is withheld from the paycheck and gets reported by their employer through payroll taxes. It is important to note that if the individual is receiving a W-2, the individual and their employer each share the tax burden of 6.2%.

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ThomsonReuters

APRIL 25, 2024

Let’s take a look at some commonly asked questions on retirement income taxes and how your firm can best advise clients as they approach their retirement years. Jump to: • 10 tax-efficient retirement strategies • Do you pay taxes on retirement income? Take advantage of tax credits. Keep abreast of tax changes.

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MyIRSRelief

APRIL 15, 2021

R&D tax credits ( research and development tax credits ) were created back in 1981 as a means of stimulating research and development throughout North America. This is a dollar-for-dollar offset of any federal income tax liabilities, as well as payroll tax liabilities in special circumstances too.

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Tax payroll tax tax return Start-ups 100

SkagitCountyTaxServices

DECEMBER 8, 2021

Believe it or not, you have until the extended due date of your 2021 federal return to establish a qualified retirement plan and fund the plan for this year. Year End Business Tax Strategy #2: Timing’s everything. This brings us to a key concept of tax planning. Will your tax rate be higher in 2022?

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business tax Tax tax preparation payroll tax 52

LyfeAccounting

APRIL 22, 2021

Let’s start by understanding the number one thing Amazon does to write off taxes. How to Write Off Taxes Like Amazon. See, credits provide a dollar-for-dollar reduction of your income tax and are given by the government to reward certain types of behavior that benefit the US economy. How to write off taxes and pay $0.00

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CTP

AUGUST 10, 2023

These “ERC mills” make grand promises but provide very few details on how to actually qualify for this lucrative tax credit. Now more than ever, taxpayers need guidance to steer them away from ERC promoters and toward a well-formed tax plan that maximizes all possible tax credits. The ERC is a fully refundable tax credit.

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payroll tax payroll Tax tax return 95

ThomsonReuters

JANUARY 16, 2024

There are new tax laws and changes that could affect your business’s year-end tax planning, including the SECURE 2.0 Act, which made some major changes to employee and employer retirement plans that take effect in 2023. Tax Planning and Advisory Guide—Health Care Reform—premium tax credit expansion) The SECURE 2.0

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MyIRSRelief

NOVEMBER 19, 2021

Whether or not you qualify for the EITC tax credit will be determined by a variety of criteria, but it begins with determining if you are considered poor or modest by the government. You may get up to a 40% refund with your tax return if your credit is greater than the total taxes you owe. Small-business tax credits.

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inDinero Accounting

DECEMBER 22, 2021

It offers a full suite of tools, including web-based billing, accounts payable, accounts receivable, tax planning and compliance features, inventory management capabilities, asset management, shipping tools. NetSuite can also help institutions stay compliant with enterprise fund government accounting.

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accounting software NetSuite Account accountant 52

inDinero Accounting

DECEMBER 22, 2021

It offers a full suite of tools, including web-based billing, accounts payable, accounts receivable, tax planning and compliance features, inventory management capabilities, asset management, shipping tools. NetSuite can also help institutions stay compliant with enterprise fund government accounting.

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accounting software NetSuite Account accountant 52

LyfeAccounting

DECEMBER 28, 2020

And while I can’t tell you if those stories are true or not, or whether or not they’re committing fraud or not… I can tell you for a FACT that there are incentives BAKED into the tax law that allows businesses and individuals to save on their taxes. This is how powerful small business tax credits are. So let’s jump in.

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business tax Tax tax return Government 52

Going Concern

OCTOBER 27, 2023

about the replacement of the 60-year-old Individual Master File (IMF), the system that scores and processes tax submission data, and whether the agency has the funding to stay on track for the goal to replace it. The IRS Direct File pilot, despite the criticism, illustrates just how much the government has learned about product development.

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