Withum

NOVEMBER 14, 2022

Both of these limitations apply on a per-issuer and per-taxpayer basis, and while the exclusion is limited to the greater of the two rules, in practice, the $10 million rule is most often the limiting factor in start-up ventures. For more information on this topic, please contact a member of Withum’s Business Tax Services Team.

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Withum

APRIL 8, 2022

Increased Credit for Small Employer Retirement Start-up Costs . Under current law, employers with no more than 100 employees are generally allowed to claim an income tax credit for retirement plan startup costs equal to 50% of the costs paid or incurred in the first credit year and each of the immediately following two taxable years.

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Withum

APRIL 5, 2023

However, by limiting Section 1202 eligibility to C Corporations the larger entity classification population of S corporations cannot entice as many investors for start-up businesses, even though S corporations represent more small businesses across the United States.

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ThomsonReuters

JUNE 15, 2021

While it’s certainly not a requirement for starting your own firm, it can be a great foundation to build from if you have the knowledge, experience and relationships. As the owner of Wood CPA, Angie brings a unique value above and beyond tax preparation with a specialty in not only tax services, but in business advisory and accounting.

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LyfeAccounting

APRIL 13, 2021

SEP IRAs came about as a way to provide an easy method to set up retirement accounts without all of the start-up and administrative costs of conventional retirement plans. And if you want to save on taxes this tax season, why not work with LYFE’s tax experts?

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inDinero Tax Tips

MAY 10, 2023

Tracking expenses and claiming all of the small business tax deductions you’re eligible for can add up to substantial savings, especially for start-ups that reinvest aggressively as they scale. Your choice of cash vs. accrual accounting affects how depreciation is calculated on your taxes.

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Snyder

NOVEMBER 10, 2022

TurboTax is tax preparation software for professionals and business owners. It’s suited for diverse online tax filing purposes. It also works with cryptocurrency, which is quite an appealing feature for start-ups. It checks your tax return against a database of over 350 deductions and credits.

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Cherry Bekaert

FEBRUARY 2, 2024

The technology sector was rocked early in the year with the March 2023 failure of SVB, widely recognized as the lender and deposit institution of choice for both start-up and mature technology companies. compared to the previous quarter and a steady growth of 9.8% compared to Q4 2022.

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Withum

NOVEMBER 17, 2022

Geography, such as distressed zones, enterprise zones, or tax-increment finance districts. Contact a member of Withum’s Tax Services Team to start planning as year-end approaches. Year-End Tax Planning for Businesses. The corporate tax rate is currently a flat 21% rate. start-up companies).

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