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business tax Related Topics 
RogerRossmeisl
SEPTEMBER 26, 2021
50 (AB-50) established the California Main Street Small Business Tax Credit II, which will provide COVID-19 financial relief to qualified small business employers. Small Business Tax Credit. California Assembly Bill No.
xendoo
APRIL 8, 2022
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.
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IgniteSpot
NOVEMBER 1, 2021
BUSINESS TAXES
Accounting Today
SEPTEMBER 7, 2022
Tax refunds Tax credits TIGTA IRS Coronavirus Tax Tax relief
MazumaBusinessAccounting
JUNE 4, 2021
Whether you know it or not, you could be leaving hundreds—even thousands—of dollars on the table by missing a few lesser-known small business tax deductions. Avoid overpaying taxes this year by making sure you’ve reviewed all small business deductions to see if you qualify.
xendoo
JANUARY 17, 2022
As a business owner, how do you go about filing personal and business taxes with the IRS? The answer to this question actually depends on the way your business is structured, so there’s not a one-size-fits-all approach to filing small business taxes.
xendoo
NOVEMBER 9, 2021
With the year coming to an end, tax return season is just right around the corner. For small businesses, that means being prepared to find all of the small business tax deductions you can to minimize your payout to the IRS. . Tax Dates. Business cards.
Xero
JULY 3, 2022
With a new financial year upon us, you might be thinking, what’s next for my small business? Earlier this month, Caveo Partners took to Xero’s social channels to ask small business owners which questions they wanted answered come tax season. Small business
Accounting Today
AUGUST 2, 2022
Identity theft TIGTA IRS Tax fraud Tax
SkagitCountyTaxServices
AUGUST 19, 2022
This year has been a rollercoaster for Skagit County business owners like you. Though that said, there does seem to be some easing on both of these fronts – and not necessarily because of the “Inflation Reduction Act” (more on that and business tax deductions in a minute). Taxes.
Ronika Khanna CPA,CA
JANUARY 3, 2022
With the beginning of a new year upon us, tax submission deadlines for individuals and businesses are starting to loom. Every small business owner must adhere to these deadlines or risk facing penalties for late filing of returns plus interest on any overdue balances.
KROST
OCTOBER 21, 2021
In Late September 2021 Governor Newsome signed Assembly Bill (AB) 150 establishing the Main Street Small Business Tax Credit II. This bill provides financial relief to qualified small businesses for the economic disruptions in 2020 and 2021, resulting in unprecedented job losses.
CalCPA
NOVEMBER 15, 2021
To claim the Main Street Small Business Tax Credit II Credit, taxpayers must obtain a tentative credit reservation before Nov. The post Reminder: Main Street Small Business Tax Credit II appeared first on Hot Topics.
MyIRSRelief
DECEMBER 1, 2020
As ruthless as the IRS can be, they aren’t completely heartless and they themselves know that businesses can’t be expected to hand over unreasonable amounts of profit every time they file their tax returns. Put very simply, the more you earn on paper, the more taxes you pay.
FraudFiles
OCTOBER 19, 2021
Tax returns can be one of the most important pieces of information a forensic accountant evaluates in a divorce case. I typically recommend reviewing three to five years of tax returns, but the further you can go back, the better the picture you will get of the personal or business finances.
MyIRSRelief
DECEMBER 1, 2020
As ruthless as the IRS can be, they aren’t completely heartless and they themselves know that businesses can’t be expected to hand over unreasonable amounts of profit every time they file their tax returns. Want to save on taxes? Business loans made to clients.
Steve Feinberg
MARCH 28, 2022
Parsing any state’s tax code can be a multifaceted and complicated affair, but small business owners especially should understand what types of taxes they are required to pay if they live and operate their company in New Hampshire. Is There a Sales Tax in New Hampshire?
xendoo
JANUARY 12, 2022
You’ll thank yourself for filing business taxes according to the prescribed deadlines. Not only will this save you from sweating over a shoebox full of receipts, but making on-time tax payments will save you from any late fees or interest payments.
SkagitCountyTaxServices
AUGUST 26, 2021
One thing you can expect from me come rain or shine is to keep you in the loop on changes to all things tax-related. There are some important changes to small business tax deductions rolling out, and not all deductions apply to all Skagit County businesses.
SkagitCountyTaxServices
DECEMBER 8, 2021
Some Skagit County businesses are earning 30-50% (or more) of their yearly revenue in this one month. And one way you can do so is by making some tax moves before the clock strikes 12 on New Year’s Eve. Year End Business Tax Strategy #1: You’re the boss.
Withum
JUNE 1, 2022
Unfortunately, a deteriorated supply chain and increased inflation most likely will increase the tax bill for businesses that use the LIFO method of accounting. These layers compound over time and create a significant tax deferral. billion in taxes for the industry in 2022.
RogerRossmeisl
SEPTEMBER 19, 2022
Does your business have to comply, and if so, what must be done? The post Is Your Business Required to Report Employee Health Coverage? Small Business Tax Briefs 1094-C 1095-C ALE Applicable Large Employer Employee Health Coverage
RogerRossmeisl
SEPTEMBER 19, 2022
The Inflation Reduction Act (IRA), signed into law by President Biden on August 16, contains many provisions related to climate, energy and taxes. For example, the IRA contains a new 15% alternative minimum tax on large, profitable corporations.
xendoo
MAY 19, 2021
With so many day-to-day responsibilities that go into running a small business, such as inventory accounting, staffing, bookkeeping, and marketing, it can be easy to forget about the tax deadline. Yet, before you know it, their tax deadline came and went. . State Tax Extension.
PYMNTS
FEBRUARY 6, 2020
Business information firm Thomson Reuters is teaming up with global tax company KPMG to offer Australia businesses a solution to deal with fringe benefits taxes (FBT), Thomson Reuters announced Thursday (Feb.
ThomsonReuters
APRIL 19, 2022
Your firm has been going nonstop, and your team has just made it through another busy tax season. No matter how large or small your firm may be, these simple gestures are excellent ways to reward your staff both during and after the seasonal tax rush.
PYMNTS
JANUARY 29, 2019
Paying business taxes is a key source of friction for many legal marijuana companies in the nation, particularly for companies that operate on a cash-only basis. A lawsuit in New Mexico is reigniting the debate over marijuana business taxes, only this time, the controversy surrounds how to classify these companies under state tax code. Under the state’s tax rules, prescription drug sales are exempt from gross receipt taxes.
SmallBusinessAccounting
DECEMBER 1, 2020
Whether you file as a corporation or a sole proprietor, here's what business owners should keep in mind when it comes to their 2020 taxes
RogerRossmeisl
AUGUST 28, 2022
Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Pass-through business entities report tax items to their owners, who then.
RogerRossmeisl
MARCH 25, 2021
While many businesses have been forced to close due to the COVID-19 pandemic, some entrepreneurs have started new small businesses. Here are some tax rules and considerations involved in operating with that entity. Your business expenses are.
LyfeAccounting
NOVEMBER 10, 2020
?. More than half of all businesses in the United States are now home based. And if you own a home-based small based business or thinking about starting one, I can see why. And best of all, you get to save on taxes. How to Claim Home-Based Business Tax Deductions.
RogerRossmeisl
AUGUST 21, 2022
Sadly, many businesses have been forced to shut down recently due to the pandemic and the economy. If this is your situation, we can assist you, including taking care of the various tax responsibilities that must be met. You may also need to report self-employment tax.
RogerRossmeisl
AUGUST 23, 2022
These days, most businesses have websites. Fortunately, established rules that generally apply to the deductibility of business costs provide business taxpayers launching a website with some guidance as to the proper treatment of the costs. Small Business Tax Briefs
RogerRossmeisl
SEPTEMBER 26, 2022
Does your business need real estate to conduct operations? Or does it otherwise hold property and put the title in the name of the business? Tax implications Businesses that are formed as C corporations treat real estate assets as they do equipment, inventory and other business assets.
RogerRossmeisl
SEPTEMBER 25, 2022
Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year and next. If you expect to be in a higher tax bracket next year, opposite strategies may produce better results.
SkagitCountyTaxServices
MAY 19, 2021
This week marks the end of another tumultuous tax filing season. With the last minute legislative changes, software update delays, and IRS service issues — this very well might have been the most disrupted and difficult tax season in decades. But despite an exhausting tax season, we’re never done, and we’re always here for YOU – including for a business tax return review. 4 Next Steps for Business Tax Return Review.
RogerRossmeisl
JULY 16, 2022
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2022. August 1 Report income tax withholding and FICA taxes for second quarter 2022 (Form 941), and pay any tax due. Small Business Tax Briefs
RogerRossmeisl
JULY 13, 2022
Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits, you can elect to apply all or some of any research tax credits that you earn against your payroll taxes instead of your income tax.
RogerRossmeisl
AUGUST 23, 2022
Credit Amounts The Act introduces a $4,000 tax credit for the purchase of used electric vehicles (EVs), and updates the $7,500 credit for new EVs. Automotive Individual Tax Briefs Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa Inflation Reduction Act Revised EV Credi
RogerRossmeisl
AUGUST 21, 2022
A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling it. You can defer tax on your gain through a “like-kind” or Section 1031 exchange. Small Business Tax Briefs
RogerRossmeisl
JULY 16, 2022
Business owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The tax agency announced an increase in the optional standard mileage rate for the last six months of 2022. Small Business Tax Briefs Business Mileage Rate
SkagitCountyTaxServices
SEPTEMBER 22, 2021
Most notably, you can now use the loan to pay other business debts (previously, you had to “certify” that you would use funds for operating expenses and not pay down debt). The 6-month run for employee subsidies and employer tax credits to help pay for COBRA health insurance.
RogerRossmeisl
JULY 16, 2022
There’s a valuable tax deduction available to a C corporation when it receives dividends. The “dividends-received deduction” is designed to reduce or eliminate an extra level of tax on dividends received by a corporation. Small Business Tax Briefs Dividends-Received Deduction
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