| Read What's Related: Working with a certified public accountant (CPA) can help ensure that you comply with regulations and pay the right amount of taxes. There is still time to amend your 2020 and 2021 returns to claim the credit, which was worth up to $7,000 per quarter per employee while it was in effect. There are numerous tax law changes for tax year 2023 affecting small businesses. One thing remains constant: the need to keep accurate records and work with a tax professional you trust. David Levi, a certified public accountant and managing director of CBIZ, noted that many business owners give limited attention to keeping financial records. “And they do it themselves, and they do it at night over a cup of coffee while they’re watching TV,” he said in an article on NerdWallet. “[But] you don’t know what you don’t know,” said Levi. “And the one thing that’s certain in the tax world is change.” Most of the tax rules put into place during the COVID-19 pandemic are expiring this year or have already expired. Working with a certified public accountant (CPA) can help ensure that you comply with regulations and pay the right amount of taxes. Here are some of the business-related tax law changes for 2023: • Small start-up businesses can offset more R&D credits against payroll taxes. Starting in 2023, eligible firms can opt to claim up to $500,000 of qualified research expenses to offset payroll taxes. This election is for firms in business for not more than five years... |
BOSTON, May 27, 2026 /PRNewswire/ — Whistleblower Law Collaborative (WLC) proudly announces that Advanced Certified Paralegal Kelly Shivery has recently earned the CMMC Certified Professional (CCP...