How to Claim the R&D Credit Against Payroll Tax
The research and development (R&D) credit, a credit for increasing research activities, is a valuable tax break for eligible businesses.
Author: Andrew Litchford
Posts by Andrew Litchford
Market Turbulence – Rates and Russia
The return of market turbulence, heightened volatility, and geopolitical uncertainty have dominated the investment landscape as we begin the year 2022. Stocks and bonds alike are firmly in negative territory for the year, while the VIX (volatility index), has nearly doubled and the bond market’s companion measure of volatility, the MOVE index, has doubled from
Small Business Recordkeeping is the Key to Tax Deductions and Painless Audits
If you own a business or are beginning one, you already know how important it is to keep track of your income and expenses. You must keep meticulous records of your costs in order to claim all of the tax deductions you are eligible for. You also want to ensure that you can defend the
What is a Like-Kind Exchange?
A Section 1031 like-kind exchange, in which you trade property rather than sell it, is one approach to defer a tax bill on gains.
What is the FICA Tax Credit?
If you own a business where tipping is customary, you may qualify for the FICA tax credit for taxes you pay on your employees’ tip income.
How to Treat Start-Up Expenses on your Tax Return
Entrepreneurs often don’t know that many start-up expenses can’t be currently deducted. Here’s how to handle start-up expenses.
Annual Payroll Reporting Requirements for 1099s and Taxable Fringe Benefits
Now is the time to review annual payroll reporting requirements. In this post, we’ll cover 1099 reporting and fringe benefits.
Cents-Per-Mile Rate for Businesses Increases for 2022
This year, the cents-per-mile rate used to calculate the deductible costs of operating a vehicle for business decreased to 56 cents per mile.
Landmark CPAs Names Brad Roethlisberger Member
Landmark CPAs is pleased to announce the promotion of Brad Roethlisberger to member, effective January 1, 2022. Brad is located in Landmark’s Rogers office. Brad started his career at Landmark in 1995 under the stewardship of Dick Barclay. Over the years, Brad has developed an expertise in providing comprehensive tax services, including individual, corporate, partnership
Fringe Benefit: Using a Company Vehicle
The use of a company vehicle is a valuable fringe benefit with tax benefits for owners and employees of small businesses.