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WHAT QUALIFIES FOR THE R&D TAX CREDIT?
What Qualifies For The R&D Tax Credit? Did you know that 87% of R&D credits are claimed by companies with over $100 million in revenue? But, these credits aren’t made exclusively for large businesses. So why do so many small to medium businesses (SMBs) miss the R&D credit? There are a few...
THE POWER OF ZERO – HOW TO GET TO THE 0% TAX BRACKET IN RETIREMENT
THE POWER OF ZERO – HOW TO GET TO THE 0% TAX BRACKET IN RETIREMENT The tax rate in recent years has been low in comparison to previous decades. However, we know that the tax rate is set to increase on January 1, 2026. It’s a popular belief that taxes will need to go up in order for the government to continue...
3 Strategies for Tax Preparers To Generate Year-Round Revenue
3 Strategies for Tax Preparers To Generate Year-Round Revenue Being a tax preparer easily falls into the category of a seasonal business. There are some great benefits to this, like being able to take some time off after your busy season and having the freedom to do what you’d like. However, you’re also going to...
IRS Released 2021 AFTR Outline: Here's How To Participate
IRS Released 2021 AFTR Outline: Here's How To Participate The IRS has just released the AFTR outline for 2021, which will be applicable for the 2022 tax season. This course will be available starting on June 1st for all return preparers. You may be wondering what the benefit is to participate in the IRS’ Annual...
Tax Season Delayed
The IRS has announced a delay in tax season for 2021. Tax returns can begin being filed on February 12. Typically, tax season begins on January 1 and runs until April 15. The reason given for the delay is that the IRS requires additional time for programming and system testing that includes the second Economic Impact...