Remove 2026 Remove payroll tax Remove tax return
article thumbnail

Tax Expert Discusses Impact of Form 6765 Increased Reporting Requirements

ThomsonReuters

The IRS is seeking feedback on the form and instructions until June 30, 2025, to ensure that the instructions for tax year 2025 (processing year 2026) are clear and up to date. Now, it is required when the tax return is due. This form is used to claim the credit for increasing research activities.

Tax 52
article thumbnail

2025 Payroll Tax and Withholdings Update

Anders CPA

In 2025, there are several updates to various payroll tax withholding limits, including Social Security tax and 401(k) elective deferrals. Below, we highlight any payroll tax and withholding updates or consistencies for 2025 that employers and employees should be aware of. per hour on January 1, 2025.The

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Padgett’s Six Lesser-Known Small Business Tax Strategies

SkagitCountyTaxServices

If you sell an asset and reinvest your gains into a Qualified Opportunity Fund (QOF) within six months, you can defer paying taxes on those gains. The deferred taxes wont come due when you sell your OZ investment or by December 31, 2026, whichever comes first.

article thumbnail

Year-End Tax Planning Strategies for Businesses

KROST

Eligible taxpayers with an average of $50 million or less in gross receipts over the previous three years may claim the federal R&D tax credit against their alternative minimum tax liability. You must receive a certificate from CEFA before you can claim the credit on your state income tax return. California.