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Since 2010, the Affordable Care Act has offered tax credits to small businesses to mitigate the cost of coverage. The qualification for those tax credits can vary from year to year.
A skilled small business financial advisor can create a personalized retirement strategy for you, considering factors such as business succession and tax implications.
Selling a small business means income, and income means income taxes. But the way you structure the deal can make a major difference in how much of the sale price goes to taxes, and how much stays ...
A poll tax, also called a per capita tax, or capitation tax, is a tax that levies a set amount per individual. It is an example of the concept of fixed tax. One of the earliest taxes mentioned in the Bible of a half-shekel per annum from each adult Jew (Ex. 30:11–16) was a form of the poll tax. Poll taxes are administratively cheap because ...
Under the U.S. tax code, businesses expenditures can be deducted from the total taxable income when filing income taxes if a taxpayer can show the funds were used for business-related activities, [1] not personal [2] or capital expenses (i.e., long-term, tangible assets, such as property). [3]
There’s a tax credit for small businesses starting new employee plans. The credit is up to 100% of the startup costs for adopting and maintaining a new 401(k) plan, capped at $5,000. There’s ...
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