inDinero Tax Tips

NOVEMBER 7, 2023

Net Operating Loss Limitations Record Keeping and Documentation Conclusion Navigating tax advantages like net operating losses can be a headache. InDinero’s business tax services can save you time and money, as our team of professionals will ensure you’re making the most of every tax year.

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Withum

JANUARY 8, 2024

Until the proposed regulations are published, taxpayers can rely on the excluded product right exception for R&E expenditures paid or incurred in the taxable years beginning after December 31, 2021. However, no audit protection will be provided for Section 174 R&E expenditures that were ignored in the 2022 taxable year.

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Withum

SEPTEMBER 22, 2022

Businesses applied for PPP loans through participating lenders, and the lenders processed the applications with the SBA. There were two PPP loan programs: (i) First Draw PPP Loans that were issued beginning in April 2020, and (ii) Second Draw PPP Loans that were issued beginning in January 2021. Taxation of PPP Loans. Contact Us.

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Withum

JUNE 27, 2022

Now that we are halfway through the new year, most companies have wrapped up their books and records for 2021 and sent them to their accounting professionals for tax and audit preparation. Third parties often want some comfort in knowing that a business is profitable and that they are not getting involved with a failing company.

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Withum

MAY 23, 2022

The ERC is a fully refundable tax credit for employers impacted by the COVID-19 pandemic. Eligible employers can receive a maximum benefit of $26,000 per employee for wages paid to employees in 2020 (up to $5,000) and 2021 (up to $21,000). Taxpayers should expect the same with respect to the IRS and its audits of the ERC.

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inDinero Tax Tips

NOVEMBER 7, 2023

Net Operating Loss Limitations Record Keeping and Documentation Conclusion Navigating tax advantages like net operating losses can be a headache. InDinero’s business tax services can save you time and money, as our team of professionals will ensure you’re making the most of every tax year.

accrual accounting 52

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ThomsonReuters

JANUARY 28, 2022

Stay top-of-mind with tax and accounting clients all year. Companies that only offer tax services have to start over each year building a brand through marketing and advertising. Business tax preparation. That includes: Preparing federal and state income taxes. Filing quarterly employment taxes.

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Withum

OCTOBER 11, 2023

Therefore, taxpayers were forced to rely on the IRS’s application of software development for the IRC §41 research credit as provided in the audit guidelines and regulatory authorities. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team.

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Steve Feinberg

FEBRUARY 28, 2022

Detailed record keeping is crucial to legally claiming these tax write-offs, and small businesses need a reliable bookkeeping service to take the guesswork out of your deductions. The Standard mileage rate requires you to multiply the miles driven for business during the year by a standard mileage rate, which in 2021, was $0.56

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