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In 2025, the Social Security Wage Base is Going Up

RogerRossmeisl

As we approach 2025, changes are coming to the Social Security wage base. The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $176,100 for 2025 (up from $168,600 for 2024).

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Understanding Nevada LLC Taxes

inDinero Tax Tips

This is true if you plan to do business there, but keep in mind it’s rarely advantageous for out-of-state businesses to incorporate somewhere other than their home state; taxes accrue where you do business, not where you incorporate. You can also elect to be taxed as an S-corp or C-corp.

Nevada 105
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Top Remote Accountants of the Week | January 17, 2025

Going Concern

The post Top Remote Accountants of the Week | January 17, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.

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IRS Extends Tax Deadlines for Hurricane Debby Victims in the Southeast

Withum

The relief provided in IR-2024-205 postpones various tax filing and payment deadlines that occurred beginning on August 1, 2024, in Florida, August 4, 2024, in Georgia and South Carolina, and August 5, 2024, in North Carolina – the postponement period.

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Navigating the Latest Section 174 R&D Capitalization Rules: What Founders Need to Know in 2025

Shay CPA

Despite bipartisan support, no final solution has emerged as of 2025. The New Administration and Republican-Controlled Congress: What Lies Ahead In 2025, we have a new administration and a Republican majority in Congress. Additionally, early-stage companies can opt to apply the credit against payroll taxes (up to $250,000 per year).

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Top Remote Accountants of the Week | January 30, 2025

Going Concern

The post Top Remote Accountants of the Week | January 30, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.

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IRS Provides Relief to Taxpayers Impacted by Hurricane Helene

Withum

The tax relief postpones certain tax filing and payment deadlines that started as early as September 22, 2024, to May 1, 2025. May 1, 2025 2024 Form 1065 March 15, 2025 *Postponement date would allow a proper extension until October 30, 2025. What does the filing and payment relief apply to?