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Advising clients to file Form 941-X for missed COVID-19 relief credits.

ThomsonReuters

Looking back at the last two years and the sprinter’s pace at which COVID-19 payroll tax credit relief was enacted, payroll accountants have earned a well-deserved pat on the back! But as the dust settles on those prior 2020–2021 Form 941 payroll tax returns, undoubtedly credits were missed, and mistakes were made.

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R&D Tax Credits – Important Things to Know

MyIRSRelief

R&D tax credits ( research and development tax credits ) were created back in 1981 as a means of stimulating research and development throughout North America. This is a dollar-for-dollar offset of any federal income tax liabilities, as well as payroll tax liabilities in special circumstances too.

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R&D Tax Credit: The Innovation Incentive

Cherry Bekaert

It allows companies to receive tax credits when certain expenses are incurred for the performance of qualified R&D activities in the U.S. For most companies, the R&D tax credit provides a dollar-for-dollar reduction of income tax liabilities. Why Investigate the R&D Tax Credit Now?

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What Is the Employee Retention Tax Credit and Who Can Apply for It?

inDinero Tax Tips

Furthermore, if your business qualifies as a recovery start-up business, the employee retention tax credit has been extended for Q4 of 2021 where you could be eligible for an additional $7k per employee. Who Qualifies for the Employee Retention Tax Credit?

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Top Remote Accountants of the Week | January 9, 2025

Going Concern

Remote Work Experience: Y Salary: $75-$85k Time Zone: Eastern Sign up for FREE to learn more about this candidate SEASONAL TAX FREELANCE CANDIDATES Request a service agreement to view full freelancer details by scheduling a call.

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What Is the Employee Retention Tax Credit and Who Can Apply for It?

inDinero Tax Tips

Furthermore, if your business qualifies as a recovery start-up business, the employee retention tax credit has been extended for Q4 of 2021 where you could be eligible for an additional $7k per employee. Who Qualifies for the Employee Retention Tax Credit?

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Tax Credits You May Claim Now

MyIRSRelief

This credit is worth 50% of your startup costs up to $500 per year. Verify that you qualify, and if you don’t for the previous year, contact your EA, Attorney, CPA about starting up a retirement plan next year. You may claim this credit in the tax year before your plan goes into effect. Small-business tax credits.

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