Inform Accounting

MARCH 15, 2023

The government is now introducing full expensing, a 100% First Year Allowance, from 1 April 2023 until 31 March 2026. Namely: If you haven’t already put together your business plan for 2023 and model the impact of rising costs. Carefully look at your personal and business tax situation. Reduce your overheads?

Non-Profits 52

Non-Profits Tax tax return Government 52

Inform Accounting

NOVEMBER 18, 2022

This means electric cars costing over £40,000 will pay an (at current rates) extra £355 per year on top of the normal road tax of £165 per year. The benefit in kind tax for electric cars is going up to 5% by 2027/2028, with an increase of 1% per year taking effect in 2025/2026 until the 5% level is reached in 2027/2028.

Tax 52

Tax income tax tax return corporation tax 52

Withum

AUGUST 17, 2022

Depending on the auto dealership that is chosen, an individual may not have to wait until the filing of their income tax return to benefit from the credit. Most dealers will need to rely on the prior year’s tax return filings to ensure the credit is allowable and therefore can be properly claimed by the dealership.

Tax 124

Tax income tax Manufacturing tax return 124

Withum

AUGUST 17, 2022

Depending on the auto dealership that is chosen, an individual may not have to wait until the filing of their income tax return to benefit from the credit. Most dealers will need to rely on the prior year’s tax return filings to ensure the credit is allowable and therefore can be properly claimed by the dealership.

Tax 52

Tax income tax Manufacturing tax return 52

KROST

NOVEMBER 24, 2020

You must receive a certificate from CEFA before you can claim the credit on your state income tax return. Pass-through entities may want to consider recognizing gains in 2020 that may have otherwise been recognized in early 2021. California. New Employment Credit. You cannot claim a deduction and a credit for the same contribution.

tax planning 52

tax planning Tax California income tax 52

Ronika Khanna CPA,CA

DECEMBER 27, 2024

As we approach the new year, it is time to start thinking about a subject near and dear to everyones heart i.e. taxes (insert appropriate emoji). Below are the deadlines that all small businesses/sole proprietors need to know for 2025. It should be noted that penalties and interest on overdue balances are not tax deductible expenses.

business tax 52

business tax Tax income tax tax return 52

Withum

FEBRUARY 20, 2025

The deadline for submitting the San Francisco Gross Receipts Tax return is quickly approaching on February 28, 2025. A broad restructuring of the exemption threshold, apportionment formulas, and rates could considerably change your tax liability and estimates required for 2025. They are scheduled to increase in 2027 and 2028.

Tax 90

Tax tax return payroll CPA 90

SkagitCountyTaxServices

FEBRUARY 20, 2025

As your go-to tax pro whos on the roller coaster ride with you, let me assure you that I will do anything I can to help prepare your Skagit County business tax-wise for whats coming. Let me briefly address some 2024 trends that could bring potential 2025 tax changes at the local and state levels across the country.

business tax 52

business tax Tax tax return audit 52

Nancy McClelland, LLC

JANUARY 11, 2025

Keep in mind that estimated quarterly tax payments for business owners (including sole proprietors) are due January 15 (4Q 2024), April 15 (1Q 2025), June 16 (2Q 2025), September 15, 2025 (3Q 2025) and January 15, 2026 (4Q 2025). The IRS has a tool to look up information for your area. Go to IRS.gov/VITA or call 800-906-9887.

Tax 52

Tax tax return Education income tax 52

Withum

FEBRUARY 6, 2025

Tax Filing and Payment Relief The IRS announced on January 10, 2025, that individuals and businesses in southern California that were affected by the wildfires will now have until October 15, 2025, to file various individual and business tax returns and to make tax payments.

California 117

California Tax tax return payroll 117