The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex calculations, which we can take care of for you. But in addition to the credit itself, be aware that the credit also has two features
payroll taxes Archives - Crawford Ellenbogen
Apr 20, 2022
The election to apply the research tax credit against payroll taxes
- By Joan Ellenbogen
- Business
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Feb 17, 2022
Important tax aspects of operating your business as a sole proprietor
- By Joan Ellenbogen
- Business, Taxes
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If you’re in business for yourself as a sole proprietor, or you’re planning to start a business, you need to know about the tax aspects of your venture. Here are eight important issues to consider: 1. You report income and expenses on Schedule C of Form 1040. The net income is taxable to you regardless