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Better Tax Break When Applying the Research Credit Against Payroll Taxes

RogerRossmeisl

The post Better Tax Break When Applying the Research Credit Against Payroll Taxes appeared first on Roger Rossmeisl, CPA. Let’s take a look at the second feature. The Inflation Reduction Act (IRA) has doubled the amount of the.

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The Election to Apply the Research Tax Credit Against Payroll Taxes

RogerRossmeisl

The credit can be used by certain even smaller startup businesses against the employer’s Social Security payroll tax liability. Subject to limits, you can elect to apply all or some of any research tax credit. The post The Election to Apply the Research Tax Credit Against Payroll Taxes appeared first on Roger Rossmeisl, CPA.

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New Washington State Payroll Tax Targets Long-Term Care Expenses

CPA Practice

The state’s Supreme Court recently upheld a controversial capital gains tax , which has been re-challenged in court and could be on the state’s ballot in November for potential repeal. Will other states, like California, implement similar initiatives involving payroll tax deductions? What is long-term care?

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Unpaid payroll taxes Help – Los Angeles, CA local representation firm

MyIRSRelief

According to the most up-to-date US Tax Code, all US-based business employers are required to file employment 941 / 940 Payroll Tax forms with the IRS every quarter and year-end at a prescribed date. These tax professionals can be your best friend when it comes to dealing directly with the IRS.

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Professional tax help Chicago: Taxpayers Facing Tax Audits, Back Taxes, and 941 Payroll Tax Problems

MyIRSRelief

Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payroll tax problems. In this article, we will explore the benefits of professional tax help for Chicago taxpayers facing tax audits, back taxes, and 941 payroll tax problems.

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Using Your R&D Tax Credit Against Payroll Taxes

Shay CPA

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. Fortunately, post-Protecting Americans From Tax Hikes (PATH) Act, things have changed. your quarterly Form 941).

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What Are Payroll Taxes?

Patriot Software

Employers juggle many responsibilities, including calculating and withholding payroll taxes and other deductions. But, what exactly does payroll taxes include? If you’re wondering about understanding payroll taxes, never fear—your payroll taxes breakdown is here. What are payroll taxes?