Shay CPA

OCTOBER 21, 2024

By certifying as a QETC, your business income tax rate is 0.04875 versus 0.0725, which is a considerable saving. At the earliest stages, most tech companies usually run into net operating losses, meaning their business income tax base calculation is likely 0. Say you have a team of eight in 2023.

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inDinero Tax Tips

FEBRUARY 14, 2023

Using the 83B election means that if your stock explodes in value later on, you won’t have to pay an annual tax on it unless the company is bought, merged, or goes public. Even then, you won’t pay the typical income tax rate—you’ll pay the considerably lower long-term capital gains rate. Reach out to us today to find out how!

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inDinero Tax Tips

FEBRUARY 14, 2023

Using the 83B election means that if your stock explodes in value later on, you won’t have to pay an annual tax on it unless the company is bought, merged, or goes public. Even then, you won’t pay the typical income tax rate—you’ll pay the considerably lower long-term capital gains rate. Reach out to us today to find out how!

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inDinero Tax Tips

FEBRUARY 14, 2023

Using the 83B election means that if your stock explodes in value later on, you won’t have to pay an annual tax on it unless the company is bought, merged, or goes public. Even then, you won’t pay the typical income tax rate—you’ll pay the considerably lower long-term capital gains rate. Reach out to us today to find out how!

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xendoo

FEBRUARY 13, 2023

If you’re wondering how to pay less in taxes, you’re not alone. Everyone—from individuals to business owners—wants to know how to lower their taxes. Tax laws are complicated and they can change each year. Our tax accountants know all the tax breaks for business owners and how to leverage them.

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xendoo

APRIL 8, 2022

A tax deduction and tax credit can both save you money on taxes, but they are different terms. . Tax deductions can lower the amount of taxable income. For example, tax brackets–a range of annual income–are used for income tax. This will end in 2023.

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ThomsonReuters

MARCH 22, 2021

To illustrate the point that there are a lot of taxes to keep up with, even back in Colonial times. For payroll, in particular, there are a number of taxes. Then, there’s how to pay and file these taxes. These updates are based on the Consolidated Appropriations Act (CAA), which was signed into law on December 27, 2020.

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Churchill-Knight

DECEMBER 20, 2021

Continue reading to discover whether you need to file a self-assessment tax return. . What is a Self-Assessment Tax Return? A self-assessment tax return is a system HM Revenue & Customs (HMRC) uses to collect Income Tax. If you receive income via other means, you will be required to submit a tax return.

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Going Concern

MAY 6, 2022

The 25-year-old tax accountant saw the story on the news and decided he wanted to take Ralph, a woman he’d never met, to Game 2 of the NBA Finals. “I don’t have any grandmas, so this is truly my grandma,” said Barchilon. Last July, Arizona’s Family introduced you to the 81-year-old Mesa grandma who’s been a Phoenix Suns fan since 1984.

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ThomsonReuters

JUNE 10, 2021

Among the book’s provisions include: (1) increasing the employer provided childcare tax credit for businesses, (2) creating a new general business credit equal to 10% of the eligible expenses paid or incurred in connection with onshoring a U.S. For the latest in tax, accounting, and payroll news, visit tax.tr.com/blog.

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TaxConnex

MARCH 2, 2021

The Sunshine State previously bet a lot on tourism revenue making up for not taxing internet sales – but the pandemic has wrecked that industry. in 2020 but it failed. The proposal, which now goes to the state’s Senate, would also phase out Mississippi’s personal income tax over 10 years and cut its grocery tax in half over five years.

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inDinero Tax Tips

DECEMBER 13, 2020

We’d love to see 2020 one more time—in the rear-view mirror! Before we bid this abysmal year farewell, let’s talk taxes. Do you think tax rates will go up in 2021? If the US House, Senate, and president all agree to raise (cap gains) taxes in 2021, and. There’s a lot to consider, both tax and non-tax-wise.

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Withum

DECEMBER 4, 2024

Expansion of small businesses that are able to use the cash (as opposed to accrual) method of tax accounting. Section 179 expensing, unlike bonus depreciation, can give rise to state income tax benefits. Cost segregation is recognized as an engineering-based tax study accepted by the IRS. 3, 5, 7, 15, or 20 years).

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AdviceForTaxpreparers

JULY 29, 2019

Interstellar Tax Debt Self Prepared Tax Return Mindset? Funny Accounting TShirt Dilbert Excuse versus good reason Time for Extensions? Your personal Tax Shelter Teach your kids about income tax eat 30% of their ice cream. Funny (and sometimes cringing) Accounting Songs. Accounting LIONs.

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