TaxConnex

JUNE 27, 2024

There’s always something changing in the world of tax, especially sales tax. Two Penn State University students are using artificial intelligence to automate sales tax refunds for businesses, news reports said. The state assessed tax of more than $600,000 plus interest and $82,000 in penalties on the company, Ecocrete Inc.,

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Sales Tax Tennessee Colorado 147

Cheap Accounting

AUGUST 31, 2023

Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. Here’s a few tips to get you started. As soon as you start to trade or operate your business you’ll need to register with HMRC. What taxes will I pay? Income tax is explained at [link].

Start-ups 75

Start-ups Account accountant accounted 75

BurklandAssociates

MAY 24, 2022

Burkland’s Managing Director, Tax Practice, Ardy Esmaeili, CPA contributed an article to TechCrunch this month; Starting up remotely? Keep these labor laws and tax guidelines in mind. The post Our New TechCrunch Article on Remote Work Laws & Tax Guidelines for Startups appeared first on Burkland.

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Tax CPA Start-ups 130

Going Concern

APRIL 3, 2025

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Sign up now to view the complete candidate list and connect with potential hires. Accountingfly can assist you!

Tax 59

Tax NetSuite Real Estate Account 59

inDinero Accounting

DECEMBER 1, 2023

One of the first things you need to plan for is your business start up costs. We’ll also identify what the IRS officially regards as startup costs, so you can strategically time your expenses to maximize tax efficiency. Table of Contents Before You Start: How Much Do You Need to Save?

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Start-ups Tax tax return B2C 52

Menzies

MAY 20, 2024

Originally published in FinTech Finance on 26 February 2019 Although the sector as a whole does not struggle in securing investments, if fintech start-ups want to attract the attention of bigger financial services brands, they will have to work harder than ever to stand out within a fintech market that continues to produce some excellent businesses.

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Start-ups chartered accountant Non-Profits accounting and finance 59

Mark Lee

OCTOBER 15, 2024

Perhaps the most common specialism is ‘tax’ – which is actually a pretty wide subject in it’s own right. The starting point is that it becomes easier to attract more clients. What’s wrong with being a generalist? Absolutely nothing at all. Why specialise?

bookkeeping software 89

bookkeeping software bookkeeping Account accountant 89

Withum

JANUARY 24, 2024

The R&D Tax Credit is a tax incentive that can be applied as a dollar-for-dollar offset against a company’s tax liability if they engage in activities related to the design and development of a product, process, formula, invention, software, or technique within the United States.

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Tax Manufacturing payroll tax payroll 121

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. Here’s a look at several things to know surrounding R&D tax credits. First off, what are R&D tax credits? Increased ROI.

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Tax payroll tax tax return Start-ups 100

Withum

JUNE 6, 2022

Both limitations apply on a per-issuer and per-taxpayer basis, and while the exclusion is limited to the greater of the two rules, in practice, the $10 million rule is most often the limiting factor in start-up ventures. Business Tax Services. This is where it can get tricky for taxpayers that want to obtain a PLR. Contact Us.

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Tax income tax Pharmaceutical Manufacturing 126

CPA Practice

MAY 7, 2023

Thinking that only dispensaries have to worry about taxes to their cannabusiness? Entrepreneurs, processors, and cultivators in the cannabis industry may be subject to taxation, and it’s important for them to understand the complexities around their tax implications. Do they have to pay tax on all gross revenue? Think again.

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Tax income tax CPA audit 111

MyIRSRelief

NOVEMBER 19, 2021

If you’re like most, then taxes are probably not your favorite thing in the world. In this article we will go over 10 different tax credits that you may be able to claim in order to reduce your taxable income, and therefore the amount of taxes you owe. A tax credit is something that reduces your taxable income.

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Tax CPA Education business tax 100

CTP

MARCH 9, 2022

Tax planning is making shifts in a taxpayer’s financial and business situation, to minimize their tax burden both in the short term and over time. We’ll discuss five of the main strategies for legally lowering your clients’ tax burden. We’ll discuss five of the main strategies for legally lowering your clients’ tax burden.

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tax planning Tax Legal tax return 98

Withum

NOVEMBER 17, 2022

2022 Tax Brackets and Rates. 2022 Long-Term Capital Gains Tax Bracket. Year-End Tax Strategies for Individuals. Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. DEDUCTION AMOUNT: $19,400. Taxable Income Over.

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tax planning Tax Construction income tax 98

Cherry Bekaert

APRIL 4, 2023

As a key benefit to growing businesses, Cherry Bekaert can provide support for your organization’s tax credits and incentives requirements. utilizing energy-efficient technologies, LEED® certification, etc.) solar, fuel cell, small wind energy property, geothermal, micro-turbine, etc.)

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Tax payroll tax Real Estate payroll 75

CPA Practice

MAY 26, 2023

This type of scheme was recently included on the IRS’ list of the Dirty Dozen tax scams to watch out for in 2023. Also, they often don’t inform taxpayers that wage deductions claimed on the federal income tax return for the business must be reduced by the amount of the credit. If something sounds to good to be true, it probably is.

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audit general ledger income tax tax return 138

inDinero Tax Tips

SEPTEMBER 13, 2023

Understanding these new provisions is critical for maximizing potential tax benefits as a small business owner. This analysis illuminates key enhancements like the doubling of start-up credits, expanded plan eligibility, and new credits for employer contributions. Key Tax Incentives for Small Businesses in the SECURE Act 2.0

business tax 71

business tax Tax Start-ups accounting and finance 71

CPA Practice

FEBRUARY 27, 2024

Whether you’ve been self-employed for ages or are one of many entrepreneurs to have launched a business recently, lowering your taxes is always a savvy business strategy. Thankfully, up to $5,000 in qualifying start-up costs and $5,000 in organization/incorporation costs that your business venture paid to get up and running can be deducted.

Real Estate 116

Real Estate Illinois CPA Non-Profits 116

CPA Practice

JANUARY 25, 2023

Roth 401(k) accounts : Beginning in 2024, catch-up contributions to 401(k) plans must be made to Roth-type accounts for employees with wages of more than $145,000 a year (indexed for inflation). These contributions are made with after-tax dollars, but future payouts are generally tax-free.

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Tax Start-ups Account accountant 112

LyfeAccounting

MAY 25, 2021

Quick Inflation Tax Explanation. This free money coupled with a lack of production/supplies is what is leading to a hidden inflation tax in 2021. In this post, we want to explain the inflation tax, talk about what you can do to avoid it, especially if you are someone who is getting business grants/loans/credit. year over year.

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Tax Real Estate accounting and finance tax return 87

CPA Practice

MAY 25, 2023

This type of scheme was recently included on the IRS’ list of the Dirty Dozen tax scams to watch out for in 2023. Also, they often don’t inform taxpayers that wage deductions claimed on the federal income tax return for the business must be reduced by the amount of the credit. If something sounds to good to be true, it probably is.

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audit general ledger income tax tax return 130

Going Concern

DECEMBER 20, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Sign up now to view the complete candidate list and connect with potential hires. Accountingfly can assist you!

Real Estate 52

Real Estate Account accountant accounted 52

Cherry Bekaert

APRIL 5, 2023

The Research and Development (R&D) Tax Credit is a federal incentive designed to promote innovation in the design, development and improvements of processes, products and services. It allows companies to receive tax credits when certain expenses are incurred for the performance of qualified R&D activities in the U.S.

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Tax payroll tax general ledger payroll 75

Katz,Sapper&Miller

DECEMBER 16, 2015

Tax credits, training grants, and other state economic development incentives are usually in the news when they are going to the big guys — large employers who are bringing hundreds of new jobs and investing millions of dollars in the community.

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Start-ups Tax 40

ThomsonReuters

MAY 5, 2022

Each year, tax time is an opportunity to expand your accounting firm’s client base. That is a question firms should consider as they reflect on the tax season. Leading up to tax time, there are potential clients ranging from individuals to major corporations who may be on the hunt for a new tax preparer.

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accounting firms Tax Real Estate Account 96

Cherry Bekaert

JULY 11, 2024

R&D Tax Credit FAQs: What Is the Research and Development (R&D) Tax Credit? What Activities Qualify for the R&D Tax Credit? What Types of Expenses Are Eligible for the R&D Tax Credit? What Are the Benefits of R&D Tax Credits? Can I Claim R&D Tax Credits for Prior Years?

Tax 72

Tax Pharmaceutical Construction Manufacturing 72

Cherry Bekaert

APRIL 6, 2023

Tax Professional Responsibilities The Internal Revenue Services (IRS) recently issued two general announcements ( IRS Warns of ERC Scams ) warning taxpayers to be wary of third-party consultants taking improper positions related to the Employee Retention Credit (ERC). Full disclosure to a client of their tax situation.

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Tax tax return income tax payroll 66

VetCPA

JANUARY 24, 2020

To avoid many of the pitfalls and risk associated with starting a new business, here are some things that you should be asking yourself and considering. Start-Up Costs. If you can weather the start-up and early development phase, the transition can be wonderful. Start-up Costs. Self-Assessment.

Real Estate 130

Real Estate cpa firm CPA Start-ups 130

Going Concern

JANUARY 9, 2025

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Sign up now to view the complete candidate list and connect with potential hires. Accountingfly can assist you!

Real Estate 52

Real Estate Account accountant accounted 52

Going Concern

JANUARY 2, 2025

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Sign up now to view the complete candidate list and connect with potential hires. Accountingfly can assist you!

Real Estate 52

Real Estate Account accountant accounted 52

Withum

FEBRUARY 9, 2022

Raising capital is a normal part of the lifecycle of a start-up business. While the form of these two transactions is different, they both achieve an economically-similar result vis-à-vis the selling shareholders (and the tax issues discussed in this article apply to both forms of the transaction). Business Tax Services.

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Sales Tax business tax tax services 78

Withum

MAY 2, 2024

Most notably, Internal Revenue Code (IRC) Section 280E, which has been the culprit of imposing onerous effective tax rates on industry operators, will no longer apply after such rescheduling to a Schedule III substance under the CSA. A credit is a dollar-for-dollar reduction against taxes owed. What are qualified research expenses?

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Legal Construction Tax Manufacturing 119

DentalAccounting

JANUARY 30, 2020

To avoid many of the pitfalls and risk associated with starting a new business, here are some things that you should be asking yourself and considering. Start-Up Costs. If you can weather the start-up and early development phase, the transition can be wonderful. Start-up Costs. Self-Assessment.

Real Estate 130

Real Estate cpa firm CPA Start-ups 130

Accounting Insight

JANUARY 13, 2025

The first edition of 3 Minutes With of 2025 is with none other than Arun Mehra, founder, owner and CEO of Samera, a leading global provider of accountancy, tax, offshoring, and financing solutions for businesses and other accountancy firms. Whats the biggest career hurdle youve overcome? I have so far had a really enjoyable career.

accounting and finance 52

accounting and finance accounting firms Finance Start-ups 52

Withum

OCTOBER 4, 2022

Wendy Weiss is a Tax Partner with over 23 years of experience. She provides tax compliance and consulting services to start-up and middle-market companies in consumer products , restaurant , technology and manufacturing industries.

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Manufacturing Start-ups Tax Technology 98

Menzies

JANUARY 29, 2024

Research and Development (R&D) tax relief is a highly valuable relief to promote and reward attempts by companies to achieve advances in scientific or technological fields or appreciable improvements in associated processes. Tax saving increases by up to £2.80 Tax saving increases by up to £2.80

Tax 59

Tax Non-Profits chartered accountant corporation tax 59

Cherry Bekaert

MARCH 6, 2024

Offering Simple Solutions to Complex Requirements Growing businesses are challenged when complying with financial statement tax reporting requirements. Cherry Bekaert’s tax team brings expertise in both industry and public accounting to deliver a tailored solution.

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Tax accounting principles financial statements income tax 52