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Using Your R&D Tax Credit Against Payroll Taxes

Shay CPA

It’s the R&D credit that the IRS will let you apply toward payroll taxes. Reducing your payroll tax liability The IRS has long offered a tax credit for increasing research activities. But we have an R&D tax credit overview blog to help you get a good feel for how this potentially significant tax credit works.

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State CPA Society News & Updates

CPA Practice

State CPA Society Ne ws is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. Massachusetts: The Massachusetts Society of CPAs (MASSCPAs) wants members to prioritize their health this tax season. Opposing sales tax on professional services.

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KROST Predicts Another Record Year of M&A Advisory in 2022

KROST

KROST CPAs and Consultants reported a record year of M&A advisory work in 2021 and expects to remain equally busy in 2022. “We KROST provides M&A expertise in valuation, deal negotiation, structuring, and financing, plus advice on the tax, accounting, and wealth management consequences of a transaction. “We

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Number of CPA Exam Takers Continues to Dwindle

CPA Practice

The number of CPA candidates who took the Uniform CPA Examination in 2022 was about 7% lower than the previous year, the Financial Times reported on May 28. FT reported that was the lowest amount of CPA exam takers in at least 17 years. Going Concern sounded the alarm back in 2019 about candidate numbers shrinking.

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Bipartisan Bill Would Force IRS to Fix Issues With Math Error Notices

CPA Practice

A new bill recently introduced by lawmakers in both the House of Representatives and the Senate would improve the IRS’s math error procedures—a power used by the agency to quickly adjust a taxpayer’s federal income tax return if it contains a simple mistake or clerical error. You owe money on your taxes as a result of these changes.

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Press Release – KROST Posts Record Year of M&A Advisory in 2021, Expects Trend to Continue in 2022

KROST

Los Angeles, January 19, 2022 – KROST CPAs and Consultants reported a record year of M&A advisory work in 2021 and expects to remain equally busy in 2022. “We The post Press Release – KROST Posts Record Year of M&A Advisory in 2021, Expects Trend to Continue in 2022 appeared first on KROST.

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6 SECURE Act 2.0 Changes to Plan for in 2023

CPA Practice

Increasing the age of when RMDs must begin benefits savers who don’t need the money for current living expenses, as it prolongs their investment timeframe, pushes out the income tax deferral on their account balances, and allows a longer window to consider and complete Roth IRA conversions. reduces this tax to 25% in 2023.

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