RogerRossmeisl

NOVEMBER 5, 2021

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022 (up from $142,800 for 2021). Wages and self-employment income above this threshold aren’t subject to Social Security tax. For 2022, the FICA tax rate for employers is 7.65% — 6.2%

Hospitality 246

Hospitality CPA Tax business tax 246

Ronika Khanna CPA,CA

JANUARY 3, 2022

I have compiled a list of deadlines for all unincorporated small business owners which includes sole proprietors and self employed individuals. Download our free small business tax deadline calendar for 2022. Note that the usual deadline for sales tax (GST/HST and QST) payments and income tax returns is April 30th.

business tax 52

business tax Tax income tax tax return 52

RogerRossmeisl

DECEMBER 31, 2020

The recent stimulus legislation, the Consolidated Appropriations Act of 2021, (CAA 2021) included a provision that removes the 50% limit on deducting business meals provided by restaurants in 2021 and 2022 and makes those meals fully deductible. This rule applies to expenses paid or incurred in calendar years 2021 and 2022.

CPA 246

CPA business tax Tax 246

xendoo

NOVEMBER 9, 2021

With the year coming to an end, tax return season is just right around the corner. For small businesses, that means being prepared to find all of the small business tax deductions you can to minimize your payout to the IRS. . When filing taxes, knowing the deadlines is an essential part of being organized and prepared.

business tax 98

business tax Tax tax preparation tax return 98

RogerRossmeisl

JUNE 25, 2021

The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs). The post 2022 Amounts for Health Savings Accounts appeared first on Roger Rossmeisl, CPA. In addition, the sum of the annual deductible and other annual.

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Account accountant accounted CPA 147

inDinero Tax Tips

DECEMBER 22, 2023

Despite a static tax legislative landscape, the looming possibility of future amendments necessitates proactive tax planning. At indinero, we’re committed to guiding you through these complexities and optimizing your financial strategy with our comprehensive business tax services.

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Ronika Khanna CPA,CA

DECEMBER 28, 2023

Download our free Canada unincorporated business tax deadline calendar for 2024 (both Federal and Quebec). The maximum amount that you can contribute can be found on your 2022 notice of assessment or by going to CRA my account.

business tax 52

business tax Tax income tax tax return 52

Withum

JUNE 8, 2022

The Infrastructure Investment and Jobs Act (IIJA), enacted into law on November 15, 2021, reinstated and modified two Superfund excise taxes, effective July 1, 2022. The first is the tax on chemicals under section 4661 and the second is the tax on imported substances under section 4671. Business Tax Services.

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Tax Manufacturing tax return tax services 121

Ronika Khanna CPA,CA

JANUARY 27, 2023

I have compiled a list of the deadlines that all of you should know and also updated my annual business tax deadline calendar. Sign up to download our free Canada unincorporated business tax deadline calendar for 2023 or Quebec unincorporated small business tax deadline calendar 2023.

business tax 52

business tax Tax income tax tax return 52

SkagitCountyTaxServices

DECEMBER 14, 2022

And, while we’re at it, we can also talk about how to help lessen your 2022 tax bill. Let’s start right here with these year-end business tax moves you can make before December 31st…. Padgett’s 8 “Right Now” Business Tax Moves “Time is money.” – Ben Franklin. 8 business tax moves to make RIGHT NOW.

business tax 52

business tax Tax Real Estate CPA 52

Reckon

JUNE 13, 2022

EOFY 2022 is coming up fast which means tax time is looming…. If you’re a business owner, the ATO requires entities of all sizes to file their tax documentation before 30 June 2022. Try our EOFY 3-month free trial offer of Reckon One which is only available until 1 July 2022. Key tax dates.

Tax 98

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SkagitCountyTaxServices

AUGUST 19, 2022

Though that said, there does seem to be some easing on both of these fronts – and not necessarily because of the “Inflation Reduction Act” (more on that and business tax deductions in a minute). It can be difficult to see your way through it all and keep your business afloat. Business Tax Deductions: Meals and mileage.

business tax 81

business tax Tax Real Estate CPA 81

Withum

JUNE 1, 2022

This could be a surprise to many taxpayers and may only get worse through the 2022 taxable year. billion in taxes for the industry in 2022. When choosing what permissible method could be used going forward when electing out of LIFO, taxpayers should confirm they are not eligible for small business inventory exceptions.

business tax 119

business tax Tax income tax tax return 119

xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. 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.

business tax 52

business tax Tax income tax payroll tax 52

xendoo

APRIL 8, 2022

Many small business owners miss out on tax savings simply because they aren’t aware of what tax deductions are available. As professional accountants, we know all the small business tax deductions that can save you money, and we’re sharing them in this tax deductions checklist. . Business insurance .

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business tax Tax Education tax preparation 97

SkagitCountyTaxServices

MARCH 17, 2023

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). The first-year bonus depreciation deduction was 100% through the end of 2022.

tax planning 52

tax planning business tax Tax tax return 52

xendoo

JANUARY 30, 2023

Minimizing your company’s tax burden can help maximize profits. One way of doing this is through business tax credits. Leveraging the right tax credits can save your business thousands of dollars in taxes each year. How do you know which tax credits will save you the most money?

business tax 52

business tax Tax tax return income tax 52

xendoo

MARCH 17, 2022

Halting operations to research every tax-saving opportunity is not realistic – let Xendoo do it for you! In this blog post, we will share popular small business tax deductions that you may be able to claim for the 2021 tax year! For future reference, the mileage rate for 2022 is 58.5 Let’s get started.

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Withum

SEPTEMBER 6, 2022

The deduction for the 2022 taxable year was $1.88 In 2022, the company’s §179D deduction is limited to $376,000 (200,000 x $1.88). For more information on this topic, please contact a member of Withum’s Business Tax Services Team. per square foot. The company has not previously claimed the §179D deduction.

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Construction tax services business tax Tax 80

RogerRossmeisl

SEPTEMBER 25, 2022

Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year and next. If you expect to be in a higher tax bracket next year, opposite strategies may produce better results. Here are some other ideas that may help you save tax dollars if.

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tax planning Tax business tax CPA 211

inDinero Tax Tips

SEPTEMBER 13, 2023

Act of 2022? Act of 2022 is legislation aimed at further enhancing retirement security for Americans. Act of 2022? Act of 2022 has altered Roth contribution rules, allowing high earners to make catch-up contributions on a Roth basis and enabling employers to treat matching and non-elective contributions as Roth contributions.

business tax 80

business tax Tax Start-ups accounting and finance 80

DMCL

APRIL 11, 2022

On April 7, 2022, the Honourable Chrystia Freeland tabled her second budget as federal Minister of Finance and Deputy Prime Minister. billion for 2022/23 and $39.9 of GDP for 2022/23. Budget 2022 focuses on several key initiatives: Addressing housing affordability. Increase to the First-Time Home Buyer’s Tax Credit.

Non-Profits 52

Non-Profits Real Estate Tax Construction 52

Steve Feinberg

MARCH 28, 2022

New Hampshire is generally considered to be a business-friendly state when it comes to taxes—the state was ranked 6th in terms of state business tax climate—but there are a few things to know about what to expect when taxes are due. What is the Small Business Tax Rate in New Hampshire?

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New Hampshire business tax Tax income tax 52

SkagitCountyTaxServices

DECEMBER 8, 2021

But the calendar waits for no business, and time is getting short to plan your moves. Year-End Business Tax Strategy for Skagit County SMB Owners “We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” – Winston Churchill.

business tax 52

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Xero

JULY 7, 2022

We were honored to be on the ground at NABA’s Annual Convention last month as a sponsor of their 2022 scholarship program, which has provided over $375,000 in scholarships to their students. . This summer, I am working at Deloitte as a Business Tax Services Intern in their Chicago office.

Iowa 71

Iowa accounting and finance Illinois bookkeeping 71

Snyder

OCTOBER 30, 2022

Tax filing deadlines and taxes themselves become a really big deal for e-commerce business owners, adding even more stress to their busy lives. The answer is ‘yes’ if you approach the upcoming 2023 tax filing deadline for the Tax Year 2022 preparation wisely. How much do small businesses pay in taxes?

tax preparation 98

tax preparation E-commerce Tax income tax 98

Snyder

JUNE 9, 2022

Local income taxes. Assessment tax return and short tax return. Income tax deadlines. Income tax extension: when is the last day to file income tax? Federal income tax brackets 2021 vs IRS income tax brackets 2022. How to file income tax returns in 5 steps. What is income tax?

income tax 52

income tax tax return Tax E-commerce 52

RogerRossmeisl

JANUARY 2, 2023

January 17 (The usual deadline of January 15 is on a Sunday and January 16 is a federal holiday) Pay the final installment of 2022 estimated tax. Farmers and fishermen: Pay estimated tax for 2022. January 31 File 2022 Forms.

Tax 242

Tax CPA business tax 242

RogerRossmeisl

JANUARY 21, 2024

The changes apply to qualified alternative fuel vehicle refueling property placed in service after December 31, 2022 and before January 1, 2033. The Inflation Reduction Act amended the credit for qualified alternative fuel vehicle refueling property.

CPA 258

CPA Tax cpa firm business tax 258

ThomsonReuters

DECEMBER 14, 2020

Business Tax Professionals. The tax rules and regulations U.S. The proposals we’ll likely see in a Democratic Senate scenario are going to be in the nature of revenue-raising provisions in bills that target their other policy priorities, like healthcare, rather than a large tax reform package like the TCJA.”.

business tax 94

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CPA Practice

JANUARY 2, 2024

If there is a tax package, let’s look at what could potentially be included. Republicans want to fully restore three popular business tax breaks: Research and development: Before 2022, firms could fully expense R&D costs in the year incurred. Democrats’ main focus is an expanded child tax credit.

Tax 122

Tax income tax Washington Maine 122

RogerRossmeisl

APRIL 24, 2023

April 18 If you’re a calendar-year corporation, file a 2022 income tax return (Form 1120) or file for an automatic six-month extension (Form 7004) and pay any tax due. For corporations pay the first installment of 2023 estimated income taxes.

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Tax income tax tax return CPA 239

inDinero Tax Tips

MARCH 3, 2021

By outsourcing your business’s accounting and taxes with inDinero , you’re covered on both fronts. We’ll provide the information you need to create the appropriate 2021 business tax calendar to keep up with your tax filing responsibilities and avoid late penalties. Are you still working on your 2019 business taxes?

business tax 59

business tax Tax income tax tax return 59

RogerRossmeisl

DECEMBER 15, 2022

As posted to IRS.gov as Tax Tip 2022-117 on 8/2/2022 A business might pay an independent contractor and an employee for the same or similar work, but there are key legal differences between the two.

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Withum

JANUARY 31, 2024

Affected taxpayers qualifying for this tax relief include individuals and householders who reside or have a business in Providence County. The taxpayers eligible for relief under this information release now will have until June 17, 2024, to file various federal individual and business tax returns and to make tax payments.

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Rhode Island income tax Tax tax return 72

RogerRossmeisl

NOVEMBER 13, 2022

In Notice 2022-55, the IRS recently announced cost-of-living adjustments that apply to the dollar limitations for pensions, as well as other qualified retirement plans for 2023. 401(k) plans The 2023 contribution limit for employees who participate in 401(k) plans will increase to $22,500 (up from $20,500 in 2022).

CPA 233

CPA business tax Tax 233

xendoo

JANUARY 21, 2022

The post 22 Startups to Watch in 2022 appeared first on Xendoo. They’re also attracting substantial funding from investors with an eye out for early-stage startups poised for growth in the years to come. Xendoo is honored.

Real Estate 40

Real Estate Florida business tax Tax 40