Taxes & Compliance Archives

Staying In the Competition with The Help of R&D Tax Credits

Finance, Taxes & Compliance / By Dragan Sutevski

R&D Tax Credits (Research and Development Tax Credits) is a federal program created in 1981 to encourage businesses to invest in research and development endeavors. The program, administered by the Internal Revenue Service (IRS), provides tax credits for companies that meet certain criteria for qualifying expenditures related to research activities. These credits are available to both small and large businesses. They can offset up to 20% of their qualified research expenditures.

The credits are intended to promote innovation by encouraging businesses to invest in activities such as product development, new technology, and process improvements. These investments can help companies become more competitive and create new jobs in the economy. In addition, tax credits provide a valuable incentive for businesses interested in pursuing research and development initiatives.

…

Staying In the Competition with The Help of R&D Tax CreditsRead More »

5 Ways A Good VAT Strategy Can Impact Your Business

Finance, Taxes & Compliance / By Dragan Sutevski

Businesses face many types of taxes that they pay to the government. The type and amount of taxes depend on the business size, operations, and other related factors. For instance, startups and small businesses commonly pay employment and income taxes. On the other hand, a corporation’s net income isn’t taxable unless the company distributes it to the shareholders through dividends. Another example of a tax that businesses manage is VAT.

As you can imagine, any savvy entrepreneur knows that having a good VAT strategy can majorly impact your bottom line. This post will show you the top 5 ways a good VAT strategy can impact your business.

…

5 Ways A Good VAT Strategy Can Impact Your BusinessRead More »

Who can Provide Tax Preparation Services for Entrepreneurs?

Taxes & Compliance / By Dragan Sutevski

Beginning a small business from the ground up is not an easy feat. If you are an entrepreneur learning the ropes, working with tax preparation can cause you valuable time and resources. You’ll soon find yourself spending long hours without tending to the immediate needs of your business.

With your attention shifting to tax preparation, planning for your business expansion and future will be difficult. It is why we advise business owners to hire professional tax preparers. By seeking the help of tax preparation services, it will share many advantages with your venture.

But who can provide you with tax preparation services?

…

Who can Provide Tax Preparation Services for Entrepreneurs?Read More »

How to Choose the Right Las Vegas CPA for Your Business?

Finance, Taxes & Compliance / By Dragan Sutevski

When choosing Las Vegas CPA services for your business, there are a few key factors you’ll want to keep in mind.

And for that reason, it’s a good idea to research the different CPA services in Las Vegas to find the one that best suits your needs. Many options exist, so take your time and compare every factor before deciding.

Let us help you with that by providing a few tips.

…

How to Choose the Right Las Vegas CPA for Your Business?Read More »

A Short Guide to MTD Bridging Software

Taxes & Compliance / By Dragan Sutevski

The Making Tax Digital (MTD) initiative has truly transformed the UK tax system. It’s hoped that Making Tax Digital will make it much easier for businesses and individuals to get their taxes right and stay up-to-date with their financial affairs, but this change has also caused confusion for many taxpayers.

In particular, business owners are often unsure about which software they have to use to stay MTD compliant. For example, can a business comply with MTD rules by using bridging software, or do you need full accounting and tax software? Discover the answers to all of your burning questions about MTD bridging software in this helpful guide.

…

A Short Guide to MTD Bridging SoftwareRead More »

Top 4 Tips to Maximize Your Tax Return

Taxes & Compliance / By Dragan Sutevski

Getting a tax return might feel like getting a Christmas present. As soon as you get your hands on extra money, you can go on a shopping spree, pay off your debt, or save it for the future. But for people who get small refunds, the celebration can be lifeless. This is because most taxpayers aspire to pay as little tax as possible. They kept more of their pay instead of giving more to the federal government and waiting until tax season to get it back.

Though you can’t avoid paying taxes, you can try to get the most money back possible. With some research, you can lower your tax bill and possibly get a bigger tax refund. To get started, here are some tips to maximize your tax return:

…

Top 4 Tips to Maximize Your Tax ReturnRead More »