Shay CPA

MARCH 6, 2024

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. That’s because the credit could only be applied toward their income tax liability. But again, don’t worry.

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Shay CPA

MAY 3, 2023

As you wrapped up the 2022 books for your startup, you probably did some high-level financial review and analysis. For most companies, payroll makes up a huge category in the latter. It’s the R&D credit that the IRS will let you apply toward payroll taxes. In other words, you can’t make this election retroactively.

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Shay CPA

OCTOBER 18, 2023

Let’s dive in and examine what the Inflation Reduction Act of 2022 has in store for you. The Inflation Reduction Act of 2022 has brought some significant amendments to the R&D Tax Credit, making it more accessible and beneficial for qualified small businesses (QSBs). What’s New? How Does This Benefit Startups?

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inDinero Tax Tips

MARCH 17, 2023

It’s due to the IRS on a quarterly basis and is part of your responsibility to withhold and remit payroll taxes. You can file for free through the mail, online for a fee through an IRS approved software provider, or have it done for you by a tax services provider. Pay above this amount is not subject to social security tax.

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inDinero Tax Tips

MARCH 17, 2023

It’s due to the IRS on a quarterly basis and is part of your responsibility to withhold and remit payroll taxes. You can file for free through the mail, online for a fee through an IRS approved software provider, or have it done for you by a tax services provider. Pay above this amount is not subject to social security tax.

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Basis 365

APRIL 28, 2022

We have worked with a tax professional to outline some key considerations for what entity type you should be looking into. Before making any decisions, speak to your attorney and tax accountant to make sure you are the correct entity type at this time. You really should review this periodically as laws and tax code do change.

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ThomsonReuters

MARCH 22, 2021

To illustrate the point that there are a lot of taxes to keep up with, even back in Colonial times. For payroll, in particular, there are a number of taxes. Then, there’s how to pay and file these taxes. This applies to the quarterly payroll tax returns (Form 941) normally due on April 30, 2021.

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