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Stephanie Fitzgerald is an expert in SOC audits and Systems and Process Assurance Services. Tom Girone has individual and businesstax expertise across multiple industries and co-founded the Firm’s Tax Controversy Team. Daniel Mayo is the Lead of National TaxServices at Withum and co-leads the ERC Group.
Tracking expenses and claiming all of the small businesstax deductions you’re eligible for can add up to substantial savings, especially for start-ups that reinvest aggressively as they scale. When the time comes, contact us about our virtual bookkeeping services. What small businesstax deductions are there?
The IRS ruled that the taxpayer is not engaged in the field of health because it is not engaged in the provision of medical services to patients and its employees are not certified healthcare providers. BusinessTaxServices. The post IRS Issues Favorable QSBS Tax Ruling for Businesses appeared first on Withum.
You need to have a clear picture of what you’re spending on your business, not to mention the IRS requires documentation for all business expenses claimed on tax returns. Beyond that, certain industries, such as healthcare or businesses receiving government funding, also have legal documentation requirements.
This becomes critical when clients can come from various sectors, such as healthcare and finance, and may have different payment practices or requirements that can make your accounts receivable complicated. See related: Businesstaxservices 2.
Manchin and Schumer announced that they have reached an agreement on a reconciliation bill affecting taxes, climate change, energy, and healthcare. BusinessTaxServices. Second, after much back and forth over the past year, Sens. Contact Us. Let’s Chat.
Manchin has stated repeatedly that he will not support the BBB bill, but he has voiced support for a more limited, trimmed-down bill to focus on climate change and expanded healthcare. BusinessTaxServices. Recently, Sen. Manchin has put forth some proposals that he might support. Contact Us.
A broader package might not only include modifications to taxes, but some are also speculating major healthcare changes could be included. Contact Us For more information on this topic, please contact a member of Withum’s BusinessTaxServices Team. Stay tuned for more to come as things develop.
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