90% of eligible businesses miss out on tax credits because their CPAs don’t offer tax credit services. Tax credits are a highly-specialized accounting niche, one that requires a specialist. Here's how you can work with your CPA to apply for R&D and ERC.
Another year, another set of new tax laws. This time, we're talking about changes to research and development (R&D) capitalization starting in the 2022 tax year. Here's what you need to know, how it will impact your business, and how an R&D tax credit can help.
Business tax breaks are legal ways to reduce your business's tax liability. They're particularly useful for small businesses that don't have the time or resources to do a lot of tax planning but can still benefit from the extra money in their pockets. Some tax breaks are easier to identify than others. Individuals or companies use breaks to move money and assets to avoid paying taxes.
Experts caution taxpayers to prepare for another year of delays and hassles as the tax-filing season has already begun, highlighting the significance of filing early and carefully organizing your information.
Not only are more and more women making their way into entrepreneurship, but many are also dominating. From Anne Wojcicki (23andme) to Whitney Wolfe Herd (Bumble) to Melanie Perkins (Canva) — not to mention our very own Ari Salafia.
If you own a gym and survived the pandemic, we have some stuff to discuss. First off, congrats on the resilience. Secondly, there's probably money sitting in the government's checkbook, waiting for you to make your withdrawal.
We’ve seen many companies doing many cool and innovative things, and we’ve also seen a few companies fail. We’ve created a comprehensive list of the things a startup needs to do if they want to keep business booming.
No matter how quick with a calculator or how savvy you may be with TurboTax, Taxes can be a lot of work, and if you're a small business, there are just too many loopholes and write offs out there to know how to capitalize on every dollar.
Many businesses don't think they qualify for the R&D Credit, but spoiler alert: they do. To help shed some light on how your company can get hooked up from Uncle Sam, we wanted to chop down some of the myths about how to apply, who's eligible, and what you can do to see a little more money in the company coffers.
If you're a startup CEO, you're used to running your business fast and lean because every dollar counts. And when you finally do get those dollars from investors, they can change everything. But you've got to do the legwork first. You'll need organized financials, and these are our pro tips on how to get there.
The Employee Retention Credit is a government program that rewards businesses who kept employees on payroll during the coronavirus pandemic. Find out more about this incentive and see if you might qualify.
The R&D tax credit can sometimes be complicated to understand. This article by TaxTaker breaks it down so you'll walk away with a solid understanding of how it works, who qualifies, and how to claim it!