business tax Related Topics 
Patriot Software
NOVEMBER 9, 2022
As a small business owner, you probably spend a lot of time and money on taxes. But, not all businesses have to pay taxes. Have you ever wondered, “Is my business tax exempt?” There are rules you have to follow for tax-exempt status set by the IRS.
Canopy Accounting
JANUARY 20, 2023
There are many interesting changes in business taxation for the 2023 season! Since tax planning for businesses is an important part of our practice, there are several things we need to be aware of. Tax Preparation and Planning
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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.
Ronika Khanna CPA,CA
JANUARY 27, 2023
and it is time for business owners (and individuals) to start thinking about one of their favourite subjects i.e. taxes. I have compiled a list of the deadlines that all of you should know and also updated my annual business tax deadline calendar.
Patriot Software
NOVEMBER 1, 2022
If you are rushing to complete your income tax return, consider filing for a business tax extension. Filing taxes for small business can be difficult, and an extension allows you more time to file your business’s tax return. Accounting Business Taxes
Patriot Software
NOVEMBER 2, 2022
Are you struggling to pay your business or employment tax liabilities? If you fail to pay, you might face a tax lien. For a small business owner, a tax lien can have devastating effects. That’s why you must understand tax liens to prevent them.
IgniteSpot
NOVEMBER 1, 2021
BUSINESS TAXES
Patriot Software
OCTOBER 28, 2022
As a busy entrepreneur, you don’t always have the time to think about your business tax return due date. It can be easy to miss your business tax return deadline with so much on your plate. You may be asking yourself, When are business taxes due?
Patriot Software
NOVEMBER 7, 2022
Owning a business comes with many responsibilities. One of your duties is to withhold, file, and deposit taxes. You must know how to pay small business taxes in order to correctly submit payments to the IRS. Accounting Business Taxes
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.
Patriot Software
OCTOBER 28, 2022
No matter how small your company is, you have to file taxes. But, your small business tax preparation cost can be more expensive than you might think. How much does small business tax preparation cost? Accounting Business Taxes
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.
Patriot Software
NOVEMBER 3, 2022
Reducing your tax liability can be a huge relief to your small business. Individual taxpayers and business owners alike have the option to lower their tax bill through business tax deductions and credits. Accounting Business Taxes
xendoo
MARCH 17, 2022
Tax season feels particularly overwhelming for small business owners. Halting operations to research every tax-saving opportunity is not realistic – let Xendoo do it for you! Examples include: Physical marketing materials, such as business cards, brochures, or flyers .
Accounting Today
SEPTEMBER 7, 2022
Tax refunds Tax credits TIGTA IRS Coronavirus Tax Tax relief
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.
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.
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
SkagitCountyTaxServices
DECEMBER 14, 2022
That particular category of people hasn’t exactly covered itself with glory of late … so, we’ll see how that actually plays out for businesses in the coming months. And, while we’re at it, we can also talk about how to help lessen your 2022 tax bill. Tax-smart use of credit cards.
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.
Accounting Today
AUGUST 2, 2022
Identity theft TIGTA IRS Tax fraud Tax
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.
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.
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.
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.
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.
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.
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?
RogerRossmeisl
JANUARY 12, 2023
On January 10, 2023, IRS news release IR-2023-03 announced that California storm victims now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments.
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.
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.
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
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
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.
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
JANUARY 1, 2023
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Intended to reduce the tax rate on QBI to a rate that’s closer to the corporate tax rate. Small Business Tax Briefs QBI Qualified Business Income
RogerRossmeisl
DECEMBER 10, 2022
These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. If they’re deductible at all, they must be ratably deducted over the life of the asset (or, for some assets, over periods specified by the tax code or under regulations).
RogerRossmeisl
JANUARY 4, 2023
If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last in, first out (LIFO) inventory method. The post How to Minimize the S Corporation LIFO Recapture Tax appeared first on Roger Rossmeisl, CPA.
RogerRossmeisl
JANUARY 2, 2023
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. January 17 (The usual deadline of January 15 is on a Sunday and January 16 is a federal holiday) Pay the final installment of 2022 estimated tax.
RogerRossmeisl
DECEMBER 8, 2022
Businesses shut down for many reasons. Some of the reasons that businesses shutter their doors: An owner retirement, A lease expiration, Staffing shortages, Partner conflicts, and Increased supply costs. The type of return to be filed depends on the type of business you have.
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