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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.
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
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 .
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.
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.
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.
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?
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.
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.
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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.
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.
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.
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.
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.
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.
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.
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
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
APRIL 21, 2022
In today’s economy, many small businesses are strapped for cash. Bartering is the oldest form of trade and the internet has made it easier to engage with other businesses. And if you exchange services with another business, the transaction results in taxable income for both parties.
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
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.
RogerRossmeisl
APRIL 21, 2022
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2022. Corporations pay the first installment of 2022 estimated income taxes. Small Business Tax Briefs
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
MAY 5, 2022
Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. One reason might be tax law changes that raise tax rates. The post Ways Your Business Can Accelerate Taxable Income and Defer Deductions?
RogerRossmeisl
MAY 16, 2022
If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you should carefully record your expenses in order to claim all of the tax deductions to which you’re entitled.
RogerRossmeisl
MAY 16, 2022
The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19 relief laws, the usual deduction for 50% of the cost of business meals is doubled to 100% for food and beverages provided by restaurants in 2022 (and 2021).
RogerRossmeisl
APRIL 21, 2022
If your business doesn’t already have a retirement plan, now might be a good time to take the plunge. Current retirement plan rules allow for significant tax-deductible contributions. More options Other small business retirement plan options include: 401(k) plans, which can even be.
PYMNTS
JANUARY 3, 2019
3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. In a press release , Overstock said it plans to pay its commercial activity taxes (CAT) in Ohio this coming February using the state’s recently launched OhioCrypto.com platform, which lets taxpayers pay state business taxes with bitcoin. Cryptocurrency bitcoin cryptocurrency News ohio taxes What's Hot
PYMNTS
SEPTEMBER 6, 2017
Sweden is looking to become an epicenter for entrepreneurs and hopes to entice small businesses to set up shop, thanks to tax legislation changes in the country. 5) in Reuters noted Sweden, which has its sights set on having the lowest unemployment rate in Europe by the end of the decade, is planning to cut taxes for small businesses that are hiring their first employees. Reports said legislators are also planning to lessen payroll taxes for small businesses.
RogerRossmeisl
MARCH 28, 2022
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Subject to limits, you can elect to apply all or some of any research tax credit.
AbeyeHailu
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
MARCH 28, 2022
You may have wondered why, in a given year, you may be taxed on more S corporation income than was distributed to you from the S corporation in which you are a shareholder. The answers lies in the way S corporations and their shareholders are taxed. entity-level tax).
RogerRossmeisl
FEBRUARY 28, 2022
Back in 2017, the Tax Cuts and Jobs Act was signed into law which instituted a cap on the amount of state and local taxes (SALT) that individuals could report as Itemized Deductions on Schedule A. Starting with the 2018 tax year, the maximum SALT deduction available was $10,000.
RogerRossmeisl
JULY 14, 2021
If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other non-tax benefits. A legitimate job If you hire your child, you get a business tax deduction for employee wage expenses.
ThomsonReuters
DECEMBER 14, 2020
Business Tax Professionals. The tax rules and regulations U.S. We’re left to approach tax-filing season with a great deal of uncertainty,” said Melissa Oaks, a Thomson Reuters tax specialist who presented the webinar. “We’re Uncategorized Checkpoint US Tax Refor
RogerRossmeisl
FEBRUARY 23, 2022
If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you on trips. This requirement prevents tax deductibility in most cases. The post Can You Deduct the Costs of a Spouse on a Business Trip?
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