News Formal

Tax changes small business owners should be aware of as the tax deadline looms

  • 📰 wjxt4
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

As Tax Day approaches, there are plenty of things small business owners should keep in mind when filing taxes this year.

FILE - A cash register is seen on the front counter at the Alpha Shoe Repair Corp., Feb. 3, 2023, in New York. As Tax Day, April 15, approaches, there are plenty of things small business owners should keep in mind when filing taxes this year.

This gives your tax provider adequate time to file a return. And it’s cheaper to file an extension than an amended return, which costs more in administrative fees. But starting in 2022 due to new legislation, companies have had to “capitalize” the expense – or spread it out over several years. That means they must now write off the expenses over five years for U.S.-based R&D, or 15 years for foreign R&D expenses.

. That’s because the penalties are based on the federal short term interest rate plus three points, said Danny Castro, Florida Market Tax Leader at BDO USA, part of BBO Global, a global accounting network.One credit to skip: the ERC

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 246. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Tax changes small business owners should be aware of as the tax deadline loomsAs Tax Day approaches, there are plenty of things small business owners should keep in mind when filing taxes this year.
Källa: ksatnews - 🏆 442. / 53 Läs mer »

Tax changes small business owners should be aware of as the tax deadline loomsAs Tax Day approaches, there are plenty of things small business owners should keep in mind when filing taxes this year
Källa: ABC - 🏆 471. / 51 Läs mer »

Tax changes small business owners should be aware of as the tax deadline loomsAs Tax Day approaches, there are plenty of things small business owners should keep in mind when filing taxes this year. April 15 is still the annual tax deadline for many small businesses although, unlike individuals, small businesses can have varying deadlines depending on the type of company, the state the taxes are filed in, and other factors.
Källa: AP - 🏆 728. / 51 Läs mer »

Tax changes small business owners should be aware of as the tax deadline loomsApril 15 is still the annual tax deadline for many small businesses although, unlike individuals, small businesses can have varying deadlines depending on the…
Källa: NBCPhiladelphia - 🏆 569. / 51 Läs mer »