MyIRSRelief

MAY 1, 2024

Navigating complex tax codes, understanding specific forms like 1120, 1120S, and 1065, and ensuring compliance can feel like deciphering ancient scrolls. Here’s where a qualified business tax professional becomes your secret weapon. This article dives deep into the critical role of tax professionals for small businesses.

Tax 130

Tax tax planning audit Non-Profits 130

MyIRSRelief

MARCH 1, 2022

Get a free evaluation by calling us at 1-877-78-TAXES [1-877-788-2937]. You are overwhelmed by tax information – Business taxes are nothing to mess around with and you don’t want to get on the wrong side of the IRS. They offer many different services including tax preparations and consulting services.

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ThomsonReuters

MARCH 1, 2024

Contributions to a shareholder/employee’s retirement plan are also tax exempt. Healthcare insurance: Healthcare premiums can be expensed as wages and are therefore deductible, which exempts them from FICA taxes. Therefore, business owners can save on taxes by having the S corp pay for their healthcare coverage.

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corporation tax Tax tax return income tax 52

CPA Practice

MAY 7, 2023

Her expertise includes providing a full range of accounting, tax and consulting services to a variety of small and medium-sized businesses including financial statement reviews, compilations, income tax preparation and planning, business start-up, budgeting, financial plans, and projections, as well as IRS and NYS audit representation.

Tax 111

Tax income tax CPA audit 111

LyfeAccounting

APRIL 22, 2021

To help you get started, here are a few of the top tax credits available for small business owners at this time: Opportunity Zone Credit. Small Business Healthcare Tax Credit. Business Energy Tax Investment Credit. Here’s a full list of business tax credits from the IRS website.

Tax 52

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Nancy McClelland, LLC

DECEMBER 26, 2023

1099-MISC Items such as rent payments, royalties, attorney settlements (as mentioned above, not payments for legal services ), and medical healthcare payments will still be reported on Form 1099-MISC , though the form has been redesigned and the boxes renumbered. The IRS is now planning a phase-in of $5,000 for tax year 2024.

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52

Nancy McClelland, LLC

DECEMBER 26, 2023

1099-MISC Items such as rent payments, royalties, attorney settlements (as mentioned above, not payments for legal services ), and medical healthcare payments will still be reported on Form 1099-MISC , though the form has been redesigned and the boxes renumbered. The IRS is now planning a phase-in of $5,000 for tax year 2024.

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52