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The R&D Tax Credit and Payroll-Tax Offset Swirl: It’s A Tax Treat for Qualified Small Businesses

inDinero Tax Tips

If that sounds like your business, the R&D tax credit and the payroll tax offset should absolutely be part of your tax strategy. The R&D tax credit wasn’t always available to small businesses. Until 2015, the credit had been subject to renewal by Congress, making it less reliable as a tax strategy.

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Commingling Funds: How to Address the Problem and Avoid It in the Future

inDinero Tax Tips

A Loan From the Company to You Fringe benefits may be the easiest way to deal with commingled funds, but they come with a significant drawback: The spending will now be counted as income, subject to income and payroll tax. The gross amount of the bonus and proper payroll taxes and withholdings will be spent.

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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

Along this journey, influential organizations such as FASB and International Accounting Standards Board have played a major role in establishing and maintaining GAAP standards across different jurisdictions and industries worldwide. But what are these components that make up this essential system?

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Start Me Up: What You Need to Know About Business Startup Costs

inDinero Tax Tips

During startup mode, you might be eligible for an R&D credit along with the payroll tax offset which reduces payroll taxes so it saves you cash in the short-term. Feeling good with startup taxes? Take a much deeper dive into this IRS resource.

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Cloud-Based Accounting: Sage Intacct’s Modern Solution for Businesses

Cherry Bekaert

Of the top software market contenders, Sage Intacct is the platform endorsed and trusted by the American Institute of Certified Public Accountants (AICPA). The Difference Between Business Accounting and Financial Accounting. Mid-Market Grid® Report for Accounting | Fall 2022. G2 (2022, November 20).

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The Ultimate Year-End Checklist for Closing Your Books

Basis 365

What is YEAR-END ACCOUNTING? Before we get into the details of year-end financial accounting, let's first define what year-end is and why it is essential for your company. Year-end accounting involves a series of steps that are performed to ensure that financial transactions are accurate and up-to-date.

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How Much Is a Tax Consultant?

xendoo

If your situation requires specialized knowledge about tax codes, fees are usually commensurate with qualifications. What Does a Tax Consultant Do? A tax consultant is trained in tax law and financial accounting. They also should know recent tax law changes on both a federal and state level. .