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Navigating the Latest Section 174 R&D Capitalization Rules: What Founders Need to Know in 2025

Shay CPA

a pre-seed startup that invests $1 million in domestic R&D during 2023. Under old rules, they would have deducted the full $1 million in 2023. American Innovation and Jobs Act (2023) Sought to reinstate immediate expensing and bolster the R&D tax credit for smaller companies. calendar years.

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Bipartisan Senate Bill Would Expand Tax Credits for Businesses Hiring Student Veterans

CPA Practice

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Billy Long Sworn in as 51st Commissioner of the IRS

CPA Practice

Werfel took over as commissioner on March 14, 2023; that term ends on Nov. an Arkansas-based oil and gas company, which Democrats said offered non-existent “tribal tax credits.” representative for Missouri’s 7th congressional district from 2011 to 2023. 20, the day of Donald Trump’s presidential inauguration.

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2023 Limits for Businesses that Have HSAs

RogerRossmeisl

Earnings on the funds in an HSA aren’t taxed, so the money can accumulate tax-free year after year. Distributions from HSAs to cover qualified medical expenses aren’t taxed. Employers don’t have to pay payroll taxes on HSA contributions made by employees through.

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IRS Announces Tax Relief for California Taxpayers Affected by Winter Storms

Withum

These relief provisions provide an extended due date to May 15, 2023, for disaster-affected taxpayers to file returns. For more information about the IRS’ relief provisions for California taxpayers affected by this winter’s storms, please see IRS CA-2023-02 and IRS Alert IR-2023-03. Contact Us. Let’s Chat.

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20 Small Business Tax Deductions You Need to Know

xendoo

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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Padgett & Padgett, PLLC CPA’s Tips for 2023 Small Business Tax Planning

SkagitCountyTaxServices

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). As of 2023, it’s scheduled to reduce every year. Check with us.