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7 Tax Credits for Business Owners

Viking Mergers

There is still time to take advantage of these tax credits on your 2022 filing. It is tax season, and as small business owners, we know what that means – how can we save some cash without raising red flags with the IRS? Every year, the IRS collects over $4.9 trillion in taxes; in 2021, $419 million came from businesses.

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SECURE 2.0 Act Provisions Enacted as Part of Year-End Appropriations Legislation

ThomsonReuters

Congress has passed, and the President has signed, the Consolidated Appropriations Act, 2023 (CAA, 2023), containing provisions that affect both retirement and group health plans. Reduction of Excise Tax. Available at [link]. Retirement plan provisions are set forth in a portion of CAA, 2023 known as the SECURE 2.0

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National Bank Holdings Corporation Announces First Quarter 2022 Financial Results and Agreement to Acquire Rock Canyon Bank

Benzinga

They will also benefit from enhanced service offerings including expanded commercial loan and treasury management solutions.". "We Income tax expense totaled $3.6 The effective tax rate for the first quarter 2022 was 16.4%, compared to 18.6% Income tax expense totaled $3.6 at March 31, 2022, compared to 59.7%

Banking 40
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??Tax Attorney Weighs In on Payroll Tax Provisions in FY 2024 Budget?

ThomsonReuters

On March 9, 2023, the Treasury Department  released  its annual “ Green Book ,” the Department’s guide to proposed revenue actions related to the budget for fiscal year 2024. In general, wages are taxable for federal withholding tax, FICA taxes, and FUTA when the employee is paid the wages and not when they are earned.