2022 payroll tax Tax tax accountant 
CPA Practice
DECEMBER 18, 2023
The Internal Revenue Service has launched the second phase of a new online self-service tool for businesses that expands business tax account capabilities and eligible entity types. Available at IRS.gov/businessaccount , the new business tax account is a key part of the agency’s continuing service improvement initiative.
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. More information on that here.
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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. Of course, as with all things IRS, it can get complicated.
Shay CPA
FEBRUARY 22, 2023
If you’re not capitalizing on the federal research tax credit — commonly called the R&D tax credit — you could be missing out in a major way here. This credit lets you reduce your tax liability. In other words, there’s no double tax benefit here (unfortunately). That percentage can range from 3 to 16%.
Shay CPA
OCTOBER 18, 2023
The landscape for small businesses and startups is constantly evolving, especially when it comes to taxes. One area ripe for taking advantage of is the Research and Development (R&D) Tax Credit. Recent changes in tax laws have made this opportunity even more enticing. What’s New? How Does This Benefit Startups?
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.
Going Concern
APRIL 11, 2022
We are officially one week away until our tax pro friends complete the long, arduous first leg of busy season. Let’s take a look at how things have been going for the Internet’s most vexed tax accountants in the last 48 hours or so: #taxseason observations: 1. How do I pay my taxes? Tax season bingo card.
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