Shay CPA

MARCH 6, 2024

Looking over key documents like your profit and loss statement, you get a better idea of what’s driving revenue — and where you’re spending. 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. But again, don’t worry.

payroll tax 52

payroll tax payroll Tax tax return 52

Shay CPA

MAY 3, 2023

Looking over key documents like your profit and loss statement, you get a better idea of what’s driving revenue — and where you’re spending. 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. But again, don’t worry.

payroll tax 52

payroll tax payroll Tax tax return 52

MyIRSRelief

MAY 15, 2024

Understanding the Importance of Maintaining Tax-Exempt Status One of the primary concerns for any nonprofit is maintaining its tax-exempt status under IRC Section 501(c)(3). This status exempts nonprofits from federal income tax on their earnings related to their exempt purpose. Q: My nonprofit is tax-exempt.

Tax 130

Tax payroll tax payroll tax preparation 130

MyIRSRelief

MARCH 15, 2023

CNC status means that the IRS has determined that you are unable to pay your tax debt at this time and has suspended collection efforts. To qualify for CNC status, you must provide documentation that shows that paying your tax debt would cause financial hardship, such as proof of income and expenses.

tax accountant 130

tax accountant Tax bookkeeping Account 130

Shay CPA

OCTOBER 18, 2023

The Inflation Reduction Act of 2022 has brought some significant amendments to the R&D Tax Credit, making it more accessible and beneficial for qualified small businesses (QSBs). The Basics The R&D Tax Credit, or IRC 41, offers taxpayers a credit against income tax for qualified research expenses (QREs).

payroll tax 52

payroll tax Tax income tax tax return 52

CPA Practice

JANUARY 17, 2023

A registered agent is a person or company with the authority to accept “service of process” (legal documents and government notices) on behalf of a business. Clients planning to have employees working and/or residing in another state must register to comply with the state’s payroll tax regulations. Other Licenses and Permits.

South Dakota 112

South Dakota income tax Legal payroll tax 112

Going Concern

JULY 14, 2023

Prior to joining DLA, John served as a Partner with two National professional services firms, where he was the subject matter expert on business combinations, impairment analysis, income tax accounting, stock compensation, revenue recognition, and going concern analysis.

North Carolina 88

North Carolina accounting firms accounting and finance audit 88