Small and medium-sized businesses, startups, entrepreneurs, and non-profit organizations are all eligible for the 199A tax deduction. This deduction allows qualifying businesses to deduct up to 20% of their qualified…
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Income can come from a variety of sources including hourly wages, business income, social security benefits, investment returns, and other places as well. Some income is taxable, but some is…
If you have a start-up company or new business, you may be able to apply the R&D tax credit against payroll taxes for five years. The R&D credit was extended…
A DBA stands for “Doing Business As,” and is an alias for a company or its trade under an assumed or fictitious name. When you use a DBA, you allow…
Sometimes hiring new employees is not advantageous for your small business. That’s when hiring freelancers, contractors, and vendors can help you maintain growth and operations. As you are getting ready…
The Internal Revenue Service (IRS) has just announced inflation adjustments for the 2022 tax year. Firstly, they are putting more focus on taxation of cryptocurrency. There are also new tax…
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A sole proprietorship is the simplest type of business to start and operate. It doesn’t require incorporating which saves a lot of paperwork and procedural complexities. Business owners who do…
The pandemic has increased online sales potential. In 2020, the holiday season saw a sharp rise in online sales. Even through a difficult year, sales across the board were up…
