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Take control of your finances and build the life you’ve always wanted with our comprehensive guide.
Our team of tax attorneys, business advisors, and financial strategists help you reduce your taxes, grow your wealth, and protect your future.
The credit is available to eligible employers that paid qualified wages to some or all employees after March 12, 2020, and before January 1, 2022. Eligibility and credit amount vary depending on when the business impacts occurred. The ERTC is not available to individuals.
A solopreneur is both the owner and the workforce of their business. They are responsible for organizing, managing, and assuming the risks of their enterprise, without the help of a partner.
The Business Owner plays a strategic role and is not engaged in the day-to-day activities of managing the service. Rather, they focus on the big picture. They define the vision and roadmap.
Business Advisors are responsible for planning and executing business strategies to improve efficiency in the operational and financial management of businesses. They prepare budgets, advise on projects and marketing, and perform risk analysis.
A solopreneur is both the owner and the workforce of their business. They are responsible for organizing, managing, and assuming the risks of their enterprise, without the help of a partner.
The Business Owner plays a strategic role and is not engaged in the day-to-day activities of managing the service. Rather, they focus on the big picture. They define the vision and roadmap.
Business Advisors are responsible for planning and executing business strategies to improve efficiency in the operational and financial management of businesses. They prepare budgets, advise on projects and marketing, and perform risk analysis.
Deliverables: Asset Map & Summary of Meeting
GOAL: Are we a good fit?
Deliverables: Tax Reduction Roadmap Gameplan/Roadmap
GOAL: Understand Your Tax Liability & Your Options
Deliverables: Proactive Updates
GOAL: Implement and achieve your goals
Deliverables: Updated Tax Reduction Gameplan/Roadmap
GOAL: Keep you on track and be proactive
Tax Credits can be available to a variety of entities, specifically those with employees on staff that are engaging in innovation or developing a qualified business component.. Our team can help determine your eligibility.
One of the enhancements to the R&D credit was the ability to offset payroll tax for startup companies. Qualified Small Businesses (less than $5 million in gross receipts and with gross receipts of 5 years or less) can use the R&D Credit to offset employer payroll tax, which is capped at $250,000 for each applicable tax year beginning in tax year 2016. This allows companies who are not profitable, but still conducting R&D activities to take advantage of the credit.
There is no maximum ceiling on how much you could claim via this tax credit.
Did you miss an opportunity to strategize on your previous tax return? We’ll review it for missed opportunities for free!
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Austin, TX, 78735
(512) 617-1984
info@forefrontwp.com
