Gross Receipts

Selecting a tax accounting method for your small business

Small business owners must answer an important question: Should we use the cash or accrual accounting method for federal income tax purposes? Larger entities are…

Read More: Selecting a tax accounting method for your small business
Help when needed: Apply the research credit against payroll taxes

Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits, you can elect…

Read More: Help when needed: Apply the research credit against payroll taxes
Businesses: Prepare for the lower 1099-K filing threshold

Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022 because more workers may fall into the required…

Read More: Businesses: Prepare for the lower 1099-K filing threshold