B2C, payroll and payroll tax - Accountant Advocate

Section 174 and R&E – Uncertainty and Questions

CTP

JUNE 21, 2023

As noted in section 41(h), qualified small businesses can currently utilize the R&D credit to offset payroll tax. However, the proposed American Innovation and Jobs Act would expand this section as it pertains to qualified small businesses.

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Unpacking the Tax Credit Hype: Which Employers Qualify for the Employee Retention Credit?

CTP

AUGUST 10, 2023

Normally, our instinct would be to say that of course a tax-exempt organization would not be eligible for a tax credit. However, the ERC is a credit against payroll taxes, and tax exempt organizations still pay payroll taxes. So a small employer’s full payroll can count toward their possible credit.

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Accountant Advocate

Section 174 and R&E – Uncertainty and Questions

Unpacking the Tax Credit Hype: Which Employers Qualify for the Employee Retention Credit?

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