MyIRSRelief

APRIL 15, 2021

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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Cherry Bekaert

APRIL 5, 2023

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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inDinero Tax Tips

JANUARY 3, 2023

The purpose of the employee retention tax credit (ERC) was to encourage employers to keep employees on the payroll due to the effects of the coronavirus outbreak. Even if your business qualified for the Paycheck Protection Program (PPP) first or second draw loans, your business may still qualify for the employee retention tax credit.

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Cherry Bekaert

JUNE 30, 2023

How the Real Estate and Construction Industry Benefits from the Inflation Reduction Act of 2022 R&D Tax Credits: 2022 Year in Review CHIPS Act Provides New Federal Funding for the Industrial Manufacturing Industry Questions?

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inDinero Tax Tips

JANUARY 3, 2023

The purpose of the employee retention tax credit (ERC) was to encourage employers to keep employees on the payroll due to the effects of the coronavirus outbreak. Even if your business qualified for the Paycheck Protection Program (PPP) first or second draw loans, your business may still qualify for the employee retention tax credit.

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Accounting Insight

MAY 9, 2024

2024 Updates to Elements Professional Edition: In May 2023, IRIS introduced Elements Professional Edition, which caters for start-ups practices, sole practitioners and bookkeepers as well as medium sized practices with more complex requirements.

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Withum

MAY 28, 2024

The Research & Development (R&D) Tax Credit is one of the most lucrative tax incentives that companies can take advantage of to lower their federal and state tax liability or offset their quarterly payroll taxes (i.e., To properly calculate the R&D Tax Credit, you must calculate the total amount of U.S.-based

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Withum

JULY 25, 2024

The Research & Development (R&D) Tax Credit is one of the most lucrative tax incentives that companies can take advantage of to lower their federal and state tax liability or offset their quarterly payroll taxes (i.e., To properly calculate the R&D tax credit, you must calculate the total amount of U.S.-based

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inDinero Accounting

DECEMBER 22, 2021

With reliable enterprise accounting software, businesses can have up-to-date information about their finances in real-time. With services ranging from inventory management to tax compliance solutions in one package, Intuit offers a complete solution that covers all of your company’s needs from start-up through growth.

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Cherry Bekaert

JULY 11, 2024

The R&D Tax Credit provides a dollar-for-dollar offset to taxable income for businesses that are paying taxes. The Protecting Americans from Tax Hikes (PATH) Act in 2017 created an opportunity for start-up companies to monetize the tax credit as an offset to employer-paid payroll taxes.

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inDinero Accounting

DECEMBER 22, 2021

With reliable enterprise accounting software, businesses can have up-to-date information about their finances in real-time. With services ranging from inventory management to tax compliance solutions in one package, Intuit offers a complete solution that covers all of your company’s needs from start-up through growth.

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ThomsonReuters

FEBRUARY 8, 2024

Now, if an LLC has employees in addition to its members, or owners, the LLC must collect and pay payroll taxes, which include unemployment, Medicare, and Social Security taxes — also known as FICA taxes (i.e., Federal Insurance Contributions Act), or “self-employment” tax.

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LyfeAccounting

NOVEMBER 2, 2020

So if you’re just getting started or trying to reevaluate your current infrastructure then this post is for you. Now I know a lot of guys out there, especially when you’re in the early stages of starting up, are wondering how to bring on their first employees. You’re expected to pay payroll taxes as an employer.

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Withum

MAY 17, 2022

Whether you are running a Software-As-A-Service (SAAS) company, starting up in AdTech or setting up a cryptocurrency strategy for your business, here are some tips and best practices for technology entrepreneurs to navigate current trends, opportunities and challenges to stay ahead of the tech game.

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MyIRSRelief

NOVEMBER 19, 2021

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.

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Withum

AUGUST 17, 2022

With its passage, R&D tax credits in the form of payroll tax offsets have effectively doubled for qualified small businesses. The payroll tax offset cap is increasing from $250,000 for the 2022 tax year to $500,000 for tax years starting after December 31, 2022.

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Going Concern

AUGUST 25, 2023

The start-up is also making formal offers to about 1500 PwC staff, as its leaders visit state and federal officials to spruik the organisation’s ASX-level governance model. Emerging evidence suggests these transparency failures and issues of conflict of interest at PwC are just the tip of the iceberg for the consulting industry.

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