MyIRSRelief

APRIL 15, 2021

Lately, there has been a lot of talk surrounding R&D tax credits, and how they can potentially benefit large and small companies alike, regardless of which industry you happen to be involved in. What we can do however, is look at a few common examples, including: Healthcare, life sciences, technology, and manufacturing.

Tax 100

Tax payroll tax tax return Start-ups 100

Going Concern

OCTOBER 24, 2024

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #22557459 Certifications: EA, Intuit Tax Academy Education: MBA Accounting, JD Experience (years): 6 years of overall experience Work experience (detail): Tax senior with a national tax service International tax experience National client tax practice Adept at tax research Client niches: (..)

Real Estate 59

Real Estate accountant Account accounted 59

Withum

NOVEMBER 17, 2022

Specifically targeted industries, such as technology, manufacturing, agriculture, or film. Geography, such as distressed zones, enterprise zones, or tax-increment finance districts. Contact a member of Withum’s Tax Services Team to start planning as year-end approaches. Year-End Tax Planning for Businesses.

tax planning 98

tax planning Tax Construction income tax 98

Withum

AUGUST 7, 2023

For-profit entities claim the Commercial Clean Vehicle Credit on their income tax return. For-profit entities will need to reflect an income tax liability to receive an immediate benefit from the credit. What Is Considered a Commercial Clean Vehicle? Lastly, there is no MSRP limitation on the vehicle being purchased.

income tax 52

income tax Non-Profits Manufacturing tax return 52

Going Concern

OCTOBER 31, 2024

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #22591376 Certifications: CPA Education: BBA Accounting Experience (years): 5+ years accounting experience Work experience (detail): All in public accounting Tax planning and client advisory Experience reviewing tax returns Client relationship management experience Client niches: SMBs, (..)

Real Estate 59

Real Estate accountant Account accounted 59

Withum

AUGUST 11, 2022

When trying to understand whether the Superfund Excise Tax is applicable, companies must decipher whether the substance is deemed a taxable chemical under §4661 or a taxable substance under §4672. The IRS provides three acceptable approaches when determining the excise tax imposed on imported §4672 taxable substances. Contact Us.

Tax 72

Tax Manufacturing tax return Sales 72

inDinero Accounting

DECEMBER 5, 2023

However, the IRS rules surrounding this tax break are complicated and go beyond what we’ve covered in this article. If you want to dive deeper into this topic, you can connect with one of the experts on our business tax services team. This would come to a capital gains tax bill of $140,000 ($500,000 * 0.28).

tax return 52

tax return Mississippi Wisconsin Alabama 52

Withum

AUGUST 7, 2023

The remaining $3,750 of the credit is available for a clean vehicle purchased prior to January 1, 2024, provided 50% of the components contained in the battery are manufactured or assembled in North America. For the 2023 taxable year, the new clean vehicle credit can only be claimed when filing an individual tax return.

income tax 52

income tax New Jersey Manufacturing Sports 52

Withum

AUGUST 24, 2023

The domestic content rules are satisfied with respect to an energy project if the taxpayer certifies that any steel, iron, or manufactured product that is a component of such an energy project was produced in the United States. How Do I Claim a Federal Energy Project Income Tax Credit? The energy credit is non-refundable.

Tax 52

Tax Construction income tax Non-Profits 52

CPA Practice

SEPTEMBER 17, 2024

Since joining the firm in 2021, Brianna has excelled in accounting, auditing, compliance, financial statement preparation, tax return preparation, and special projects. Nathan, who joined the firm in 2022, has shown outstanding proficiency in accounting, compliance, tax return preparation, business valuations, and special projects.

Construction 52

Construction Illinois audit Real Estate 52

xendoo

APRIL 3, 2023

You can always use a business tax service like Xendoo and a tax CPA can do it for you. CFO services? You are also allowed to carry forward tax credits. If you haven’t reached your general business credit limit this year, you can apply the unused credits from past years on this year’s return.

Tax 52

Tax business tax tax preparation bookkeeping 52

xendoo

APRIL 3, 2023

You can always use a business tax service like Xendoo and a tax CPA can do it for you. You are also allowed to carry forward tax credits. If you haven’t reached your general business credit limit this year, you can apply the unused credits from past years on this year’s return.

Tax 52

Tax business tax tax preparation income tax 52

Withum

JULY 26, 2023

An eligible taxpayer can transfer any portion of an eligible credit on its original tax return. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. For example, a taxpayer that purchases a credit cannot subsequently sell the same credit.

Tax 52

Tax tax return Alaska Tennessee 52

Withum

MARCH 12, 2024

There are some limited end runs around section 280E, and it is not clear if the company received its tax refunds because it did not fully utilize those strategies in prior years and simply amended its tax returns to take advantage of them now. Let’s Chat The post Cannabis Tax Frenzy appeared first on Withum.

Tax 119

Tax tax return Legal Manufacturing 119

Going Concern

NOVEMBER 10, 2023

Errors made by the academics included failing to identify the correct firm as the auditor — both Deloitte and KPMG had been named as auditors of entities that are audited by PwC — and there were scandals manufactured in the artificial intelligence output.

audit 122

audit accounting and finance auditor Mississippi 122

Withum

JULY 26, 2023

Any adjustment needed for a 2022 federal income tax return already filed which included the capitalization of research and experimental expenditures can either be amended or, at the taxpayer’s election, be treated as an automatic change in the method of accounting in the 2023 taxable year.

Tax 52

Tax income tax Manufacturing accounting and finance 52

Going Concern

FEBRUARY 16, 2024

Apparently the local news has had this amateur CPA on their radar since at least 2020: Krystal clear – customer says shady businesswoman an “expert at frauding people” [ FOX 2 Detroit ] Krystal friended Chrissy on Facebook and said her company “Card Virtual Tax Service” could get her a big refund and take a percentage.

Real Estate 105

Real Estate Iowa audit public accounting 105

Going Concern

APRIL 14, 2023

million) for its audit of lighting manufacturer Luceco (LUCEL.L) Tax season is particularly appealing to threat actors because not only are people busy and under stress, but it is intrinsically tied to financial information. KPMG fined 875,000 pounds for failures in Luceco audit [ Reuters ] KPMG has been fined 875,000 pounds ($1.09

Tax 105

Tax auditor audit accounting firms 105

Withum

AUGUST 17, 2022

The Inflation Reduction Act of 2022 signed into law by President Biden on August 16, 2022 includes significant changes related to electric vehicle tax credits. 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. Contact Us.

Tax 124

Tax income tax Manufacturing tax return 124

Withum

AUGUST 17, 2022

The Inflation Reduction Act of 2022 signed into law by President Biden on August 16, 2022 includes significant changes related to electric vehicle tax credits. 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. Contact Us.

Tax 52

Tax income tax Manufacturing tax return 52