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Navigating Tax Compliance Challenges in the Trucking Industry: How Our Tax Firm Can Guide You

MyIRSRelief

However, managing payroll taxes for these two distinct driver categories can be a daunting task for trucking companies. Misclassifying drivers can lead to significant payroll tax issues, penalties, and even legal disputes. Failure to provide accurate income information can result in confusion and potential disputes.

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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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What Manufacturers Need To Know About Research & Development (R&D) Tax Credits

Withum

Payroll tax offset : Beginning in 2016, qualified small businesses (defined as those with less than $5 million in gross receipts and those in their first 5 years of existence) can elect to use the R&D tax credit to offset their payroll taxes (quarterly FICA taxes), which can provide a significant cash flow benefit.

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The Technology Lab Podcast – Beneficial Ownership Information Reporting – Dec. 2023

CPA Practice

Transcript (Note: There may be typos due to automated transcription errors.) Welcome to the technology lab presented by CPA practice advisor with your hosts, Randy Johnston and Brian Tankersley. Randy Johnston 00:07 Good day, welcome to Technology Lab. CPA tech, CP CPA t.ch/tr SPEAKERS Randy Johnston, Brian F.

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Ten Business Tips for Technology Entrepreneurs

Withum

The technology industry is a fast-paced, dynamic environment that requires you to continuously focus on your business operations in a highly competitive market saturated with innovation, disruption, data privacy considerations and even ethical issues. Take advantage of tax credits. Keep current with accounting technology.

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The Technology Lab Podcast – Beneficial Ownership Information Reporting – Dec. 2023

CPA Practice

Transcript (Note: There may be typos due to automated transcription errors.) Welcome to the technology lab presented by CPA practice advisor with your hosts, Randy Johnston and Brian Tankersley. Randy Johnston 00:07 Good day, welcome to Technology Lab. CPA tech, CP CPA t.ch/tr SPEAKERS Randy Johnston, Brian F.

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Founders – Get Huge Tax Breaks by acting now!

Shay CPA

Founders – check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. . R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits?

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