Are you interested in reducing your 2022 tax liability? There’s still time to take these year-end tax planning steps.
Inflation Reduction Act expands valuable R&D payroll tax credit
The Inflation Reduction Act expands the R&D payroll tax credit for eligible small businesses for tax years beginning after Dec. 31, 2022. Learn more about what’s new and what requirements must be met to qualify.
Help when needed: Apply the research credit against payroll taxes
Small businesses and start-ups engaging in research activities: Here’s a way to save on payroll taxes.
Partners may have to report more income on tax returns than they receive in cash
If you’re involved in a partnership, you likely know it’s taxed differently than a C corporation. In some cases, partners may be taxed on more partnership income than was distributed to them from their partnerships. Here’s why.
Tax issues to assess when converting from a C corporation to an S corporation
If your business operates as a C corporation, you may save tax by becoming an S corporation. Here’s a rundown of four issues to consider when converting from C corporation to S corporation status.
The election to apply the research tax credit against payroll taxes
Does your startup business have little or no income tax liability? You may be eligible for a payroll tax credit election for increasing research activities.
2021 Q4 tax calendar: Key deadlines for businesses and other employers
With fall foliage here in many areas, it’s time for businesses to start thinking about year-end tax strategies. It’s also time to think about the fourth quarter 2021 tax filing deadlines.