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Hello MHCS - Here Are Your Articles for November
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Beginning in November 2021, the IRS issued frequently asked questions to clarify compliance questions. According to the IRS, owner taxpayers (partnership investors) and passthrough entities need to comply with these final regulations when addressing their 2021 tax compliance reporting. The following are highlights of those compliance requirements.
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Many incorrectly think that the R&D tax credit applies only to companies that actually employ scientists. If, however, you employ a range of machinists and engineers, for example, who are developing new systems and designs, then you may be entitled to this lucrative tax break. Learn more about this tax credit.
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Do you have questions about the tax treatment of payments for part-time and seasonal help? These employees are subject to the same rules that apply to all employees – with some twists. Click through for some help on tax rules regarding part-time and seasonal help.
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If you're running a business, you don't only have to worry about your own personal taxes. You have to concern yourself with your company's taxes as well. Click through for an introduction to business taxes.
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Did you know that if you’re a contractor, you may have some tax breaks coming your way? But you have to know what they are! Click through to learn how you can work with us to get what’s coming to you.
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Construction companies can catch a break from the IRS. Click through to see what kinds of deductions they’re eligible for.
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