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A Beginner’s Guide to Small Business Tax Deductions

inDinero Tax Tips

Tracking expenses and claiming all of the small business tax deductions you’re eligible for can add up to substantial savings, especially for start-ups that reinvest aggressively as they scale. Many popular tax software are, of course, designed to help you through these startup tax deductions.

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Withum Names Nineteen New Partners 

Withum

Ryan Brandt is a seasoned tax compliance expert specializing in manufacturing, distribution and logistics, real estate, cannabis and private client services. Devin Desmond is an expert in audits of insurance organizations and not-for-profits and is a leader on the Firm’s Not-for-Profit Tax Team.

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IRS Issues Favorable QSBS Tax Ruling for Businesses

Withum

The IRS ruled that the taxpayer is not engaged in the field of health because it is not engaged in the provision of medical services to patients and its employees are not certified healthcare providers. The IRS won’t rule on hypothetical transactions and taxpayers want tax certainty before finalizing the terms of a transaction.

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Gross vs. Net Income: What Employers Should Know For Tax Time

inDinero Tax Tips

However, gross vs net income is slightly different for tax purposes depending on whether you’re an employer or an employee: Employers pay tax on net income Employees pay tax on gross income Because the law requires employers to withhold taxes from employees, business owners need to keep both perspectives in mind.

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Navigating the World of Bookkeeping for Marketing Agencies

Steve Feinberg

This becomes critical when clients can come from various sectors, such as healthcare and finance, and may have different payment practices or requirements that can make your accounts receivable complicated. Keep track of all expenses, invoices, and receipts, as they can be used for tax purposes or audited by the bank when applying for loans.

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Legislative Update

Withum

It includes a 25% advanced investment tax credit for certain investments in semiconductor manufacturing, and it will be sent to the President for signature, which is expected because the administration has already expressed support for the legislation. Business Tax Services. Contact Us. Let’s Chat.

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Is Build Back Better Dead?

Withum

Like the answer to many tax questions, the answer to this one is an unsatisfying “yes and no.” Manchin has stated repeatedly that he will not support the BBB bill, but he has voiced support for a more limited, trimmed-down bill to focus on climate change and expanded healthcare. Business Tax Services. Contact Us.