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Chancellor's Autumn Statement.

Inform Accounting

Income tax and National Insurance contributions thresholds are staying the same until April 2028. The Upper rate tax band threshold will be lowered from £150,000 to £125,140 from 6th April 2023. Remember that small business owners bared the brunt of the tax increases? for individuals over 23 to £10.42

Tax 52
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Nurturing Biotech Companies in New York

Shay CPA

The business should also partner with a university or college sponsoring the tax-free area where the company seeks to do business. These companies should have incurred qualified research and development expenses in New York State and received a certificate of tax credit issued by Empire State Development (ESD).

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What to know about TCJA expiration

ThomsonReuters

To help ensure taxpayers are aware of the changes, accounting professionals need to stay informed of any extensions that may arise and also the ramifications should Congress let the Act expire. Meanwhile, many of the provisions impacting businesses, including pass-through entities , are set to expire between 2025 and 2028.