article thumbnail

Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. By Nellie Akalp.

article thumbnail

Using Your R&D Tax Credit Against Payroll Taxes

Shay CPA

For most companies, payroll makes up a huge category in the latter. It’s the R&D credit that the IRS will let you apply toward payroll taxes. Reducing your payroll tax liability The IRS has long offered a tax credit for increasing research activities. As a quick reminder, this is the 6.2% The bad news?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Trucking Tax & Accounting by Mike Habib, EA Los Angeles, CA

MyIRSRelief

There are several back tax help options available for truckers that can help you resolve your tax debt and get back on track. One option for back tax help is to hire a tax professional. They can also help you prepare and file your tax returns, ensuring that they are accurate and complete.

article thumbnail

Using Your R&D Tax Credit Against Payroll Taxes

Shay CPA

For most companies, payroll makes up a huge category in the latter. It’s the R&D credit that the IRS will let you apply toward payroll taxes. Reducing your payroll tax liability The IRS has long offered a tax credit for increasing research activities. As a quick reminder, this is the 6.2% The bad news?

article thumbnail

Accounting Websites: 43 Examples for Modern Firms

Ryan Lazanis

Iconac Another creation by The Digitalsmith , Iconac is a provider of accounting and tax solutions primarily for artists. Dark Horse CPAs What Makes This Website Stand Out Good use of Flash video as homepage background Multiple, distinct CTAs Catchy presentation of metrics Nice mix of font styles 11. and Canada.

Account 98
article thumbnail

7 key factors to consider when hiring new accountants for your firm

ThomsonReuters

Do you need “virtual CPAs” who can excel in a remote or hybrid working model? Over the years, the role of tax and accounting firm employees has become increasingly digital-focused. Accountants have to collaborate with many different people inside and outside the firm. Work style. Communication.

Account 92
article thumbnail

What to Look for in an Accountant

MazumaBusinessAccounting

Small business accountants are best known for carrying out day-to-day bookkeeping. Some small business accountants also run payroll. For example, if you need someone to maintain your accounting software, you’ll want to hire an experienced bookkeeper. What Accounting Services Are You Looking For?

Account 52