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California Main Street Small Business Tax Credit II Begins 11/1/21

RogerRossmeisl

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. The post California Main Street Small Business Tax Credit II Begins 11/1/21 appeared first on Roger Rossmeisl, CPA.

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It’s Important to Understand How Taxes Factor Into M&A Transactions

RogerRossmeisl

If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed under current law. Stocks vs. assets From a tax standpoint, a transaction can basically be structured in two ways: 1. Stock (or ownership interest) sale.

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Reporting M&A Transactions to the IRS

RogerRossmeisl

If you’re considering buying or selling a business — or you’re in the process of an M&A transaction — it’s important that both parties report it to the IRS and state agencies in the same way. If a sale involves business assets (as opposed to stock or ownership interests), the buyer and the seller must generally report to the IRS the.

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Accounting Cost For Small Business: How Much An Accountant Costs Your Small Business

Snyder

The cost of using accounting software and doing the bookkeeping yourself, turning to an accountant only to deal with small business taxes, will be different from the cost of outsourcing your bookkeeping and accounting tasks to a CPA firm or hiring an accountant part or full-time.

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California Small Business Hiring Credit FAQs

RogerRossmeisl

Overview Taxpayers can use the credit against income taxes (personal income tax, corporation franchise or income taxes), or can make an irrevocable election to apply the credit against sales and use taxes.

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All about SECURE Act 2.0 Tax Credits for Small Businesses

Shay CPA

Plus, we have a special offer live just for Shay CPA firms. This content from Betterment LLC and Betterment for Business LLC (d/b/a Betterment at Work) is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. Find out more today.

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Tax Rules for Deducting Software

RogerRossmeisl

Do you buy or lease computer software to use in your business? Do you develop computer software for use in your business, or for sale or lease to others? Then you should be aware of the complex rules that apply to determine the tax rules for deducting software, whether you’re buying, leasing or developing.

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