Discover a Tax Perception Gap Let’s delve into a prevalent conundrum about small business taxes – the tax perception gap. According to a study conducted by Clutch Accounting, 30% of business owners believe they are overpaying their taxes. Interestingly, 93% of these owners rate themselves as “very or somewhat confident” in their ability to accurately …
Small Business Taxes: Unbelievable Statistics Revealed Read More »
It is imperative that Congress restores it in the new budget agreement due October 1st. Innovation is the cornerstone of progress and economic prosperity. For nearly seven decades, American businesses had a powerful tool at their disposal – immediate research and development (R&D) expensing. This tax provision allowed businesses to swiftly deduct 100% of their …
Budget Showdown: The Fate of the R&D Credit in Congress’s Hands Read More »
In the US 93% of businesses overpay their taxes! This includes 70% of businesses that qualify for the federal Research and Development Credit (R&D Credit) and never claim it. Here at Quartermaster Tax, we have made it our business to help you keep as much of your money as possible by getting businesses lesser known …
Research and Development (R&D) tax credits are a potent catalyst for business growth and innovation. These tax incentives are designed to reward companies for pushing the boundaries of knowledge and technology. However, like any complex financial tool, R&D tax credits have their share of myths and misconceptions. Let’s delve deeper into these misconceptions and set …
Don’t Believe These 10 Myths About R&D Tax Credits Read More »
In the ever-evolving landscape of business finance, it’s crucial to unearth every opportunity that can bolster your bottom line. One such financial strategy that often operates behind the scenes but can have a substantial impact on your company’s fiscal health is the Research and Development (R&D) Tax Credit Carryforward Period. Extending Your Financial Reach …
Uncovering the Hidden Power of R&D Tax Credits: The Carryforward Period Read More »
Taxes, they say, are one of life’s certainties. And just like life, they’re constantly changing. As we go through 2023 and beyond, it’s essential to understand how recent tax law changes could impact your financial journey. In this blog, we’ll delve into the key tax changes for 2023 and what’s on the horizon. Tax Changes …
Navigating the New Tax Landscape: What You Need to Know for 2023 and Beyond Read More »
Owning a home opens doors to personalization, but altering your abode isn’t without financial implications. The IRS has introduced substantial changes to tax rules for home renovations in 2023 and 2024. In this article, we’ll delve into how renovations can affect your taxes, explore the implications of the new tax rules, and highlight the importance …
Navigating New Tax Rules for Home Renovations: Balancing Benefits and Tradeoffs Read More »
In the ever-evolving landscape of employee benefits, businesses are seeking innovative solutions that not only cater to their workforce’s diverse needs but also ensure compliance with changing health laws. Enter the Individual Coverage Health Reimbursement Arrangement (ICHRA) – a game-changing option that promises to reshape how businesses approach employee health benefits. The Evolution of Employee …
Unshackling Benefits: How ICHRA Liberates Businesses and Employees Read More »
As a chiropractic practitioner, you’ve worked hard to build a successful practice and provide quality care to your patients. However, have you considered the advantages of incorporating your chiropractic practice? Incorporation offers several benefits, including tax savings, liability protection, and enhanced credibility. In this blog, we’ll delve into the numerous advantages of incorporating your chiropractic …
Why You Should Incorporate Your Chiropractic Practice Read More »
Here are 5 SIMPLE ways every Chiropractor can save more of their money in 2023!