financial accounting, payroll and payroll tax

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

inDinero Tax Tips

MAY 21, 2021

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.

payroll tax

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

inDinero Tax Tips

JUNE 12, 2023

Fringe Benefits The most straightforward practice is to amend your payroll reports and recategorize the commingled purchase as fringe benefit compensation. The IRS’s Employer’s Tax Guide to Fringe Benefits defines a fringe benefit as a “form of payment for the performance of services.”

payroll tax

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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

JUNE 29, 2023

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?

accrual accounting

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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

inDinero Tax Tips

DECEMBER 18, 2020

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.

Start-ups

Start-ups payroll tax payroll Tax

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

Cherry Bekaert

OCTOBER 5, 2023

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).

Real Estate

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The Ultimate Year-End Checklist for Closing Your Books

Basis 365

NOVEMBER 30, 2022

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.

quickbooks

quickbooks accounting software payroll tax payroll

Nonprofit 990 Tax Compliance: Navigating Challenges with an Enrolled Agent

MyIRSRelief

MAY 15, 2024

Handling Volunteer Labor and Related Issues Nonprofits often utilize volunteers, but this can lead to tax-related complexities, particularly concerning reimbursement and compensation. Common 990 Compliance Issues: preparation & planning Misclassification of volunteers as employees, leading to potential payroll tax liabilities.

Tax

Tax payroll tax payroll tax preparation

How Much Is a Tax Consultant?

xendoo

FEBRUARY 15, 2022

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. .

tax consultant

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Best Enterprise Accounting Software

inDinero Accounting

DECEMBER 22, 2021

With reliable enterprise accounting software, businesses can have up-to-date information about their finances in real-time. However, with so many options on the market today, finding the right enterprise accounting software can be difficult, especially if you don’t have in-house experts to help you navigate the process.

accounting software

accounting software NetSuite Account accountant

Best Enterprise Accounting Software

inDinero Accounting

DECEMBER 22, 2021

With reliable enterprise accounting software, businesses can have up-to-date information about their finances in real-time. However, with so many options on the market today, finding the right enterprise accounting software can be difficult, especially if you don’t have in-house experts to help you navigate the process.

accounting software

accounting software NetSuite Account accountant

Accounting for Startups

inDinero Accounting

JANUARY 9, 2023

As a result, the first few years may see negative returns, and hence no income tax liability. However, this doesn’t mean you shouldn’t concern yourself with taxes. First of all, there are many other taxes – such as payroll tax, property tax, sales tax, and excise tax – to worry about.

Account

Account accountant accounted accrual accounting

Accounting for Startups

inDinero Accounting

JANUARY 9, 2023

As a result, the first few years may see negative returns, and hence no income tax liability. However, this doesn’t mean you shouldn’t concern yourself with taxes. First of all, there are many other taxes – such as payroll tax, property tax, sales tax, and excise tax – to worry about.

Account

Account accountant accounted accrual accounting

Friday Footnotes: Looking Elsewhere For Talent; MPs Talk Private Equity Concerns; The Burnout Queen | 8.25.23

Going Concern

AUGUST 25, 2023

The London-based International Accounting Standards Board issued rules specific to government assistance accounting decades ago. Perhaps US businesses should just follow those well-known rules, the Financial Accounting Standards Board has suggested. As it turns out, it’s not as simple as copying and pasting.

tax preparation

tax preparation CPA payroll tax Illinois

Friday Footnotes: EY Cancels Christmas; A Very Sucky PwC Report; Should We Tax Robots? | 12.23.22

Going Concern

DECEMBER 23, 2022

Because robots can replace jobs, the idea goes, a stiff tax on them would give firms incentive to help retain workers, while also compensating for a dropoff in payroll taxes when robots are used. Accounting Chief Fends Off Critics, Talks Up Rules for Investors [ Bloomberg Tax ].

Tax

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Accountant Advocate

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

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

Webinars

Trending Sources

GAAP: What It Is and Why Your Investors Expect It

Webinars

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

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

The Ultimate Year-End Checklist for Closing Your Books

Nonprofit 990 Tax Compliance: Navigating Challenges with an Enrolled Agent

How Much Is a Tax Consultant?

Best Enterprise Accounting Software

Best Enterprise Accounting Software

Accounting for Startups

Accounting for Startups

Friday Footnotes: Looking Elsewhere For Talent; MPs Talk Private Equity Concerns; The Burnout Queen | 8.25.23

Friday Footnotes: EY Cancels Christmas; A Very Sucky PwC Report; Should We Tax Robots? | 12.23.22

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