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How Paying Off Your Student Loans Could Increase Your Retirement Benefits

Withum

A student’s cost of attendance generally includes tuition and fees (net of certain amounts including scholarships) and an allowance for room and board, books, supplies, transportation, and miscellaneous expenses of the student. Business Tax Services. Contact Us. Contact Us.

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QSBS Exemption Explained: What Investors and C-Corp Executives Should Know

inDinero Accounting

However, the IRS rules surrounding this tax break are complicated and go beyond what we’ve covered in this article. If you want to dive deeper into this topic, you can connect with one of the experts on our business tax services team. Table of Contents What is the QSBS Exemption?

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Major Changes to New York’s SALT Workaround as Part of FY23 Budget Bill

Withum

A full credit similar to the New York PTET is available on the owner level to offset against their personal income tax. As a final note, the New York City PTET is on top of, but does not replace the New York City Unincorporated Business Tax (“UBT”) imposed on partnerships or General Corporation Tax (“GCT”) imposed on S corporations.

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Is the Future of Cannabis in the Hands of E-Commerce?

Withum

Specific to the cannabis industry, regulations have to do with handling, transport and sales in general. For more information on this topic, please contact a member of Withum’s Business Tax Services Team. Author: Kim Gordon | kgordon@withum.com. Contact Us. Let’s Chat. appeared first on Withum.

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Tax Deductions Guide 2021

inDinero Tax Tips

Understanding Deductible Business Expenses. After subtracting deductions, you’ll only need to pay taxes for your net revenue. The current business tax rate is 21% at the federal level, plus state corporate taxes that range anywhere from 0-11.5%. What’s Happening With Business Meals?

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How to Deduct Business Expenses While on Vacation

CPA Practice

This includes all costs associated with travel by airplane, train, bus, or car between your home and your business destination. Other expenses that are deductible include the following: Fares for taxis or other types of transportation. Use of your personal vehicle for business trips. Dry cleaning and laundry.

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6 Bookkeeping Habits to Help Landscaping Company Manage Cash Flow

Steve Feinberg

Finding time for frequent budget reconciliation means you are less likely to overlook expenses—especially one-time fees like repairs or overtime—instead of waiting until the end of the year when you might need to deal with business tax services. Spread Out Your Long-Term Payments.