Tax is on everyone’s mind, and probably the sole reason for stress and confusion, especially when it’s hard to keep up with the latest reforms.
Everybody is gearing up not just for winter but also for the Tax season! And while you are gathering all the tax forms you need to file, don’t miss out on the 1099. The IRS surely won’t. There are dozens of variants and requirements you need to keep in mind. In this cheat sheet, we will give an overview of 1099s.
Start-ups have been eligible for the R&D credit for several years now just like any other corporation. But being in the pre-income stage, without any tax liability, their tax credit would be carried on unused for years, sometimes indefinitely. A new law now lets them elect to use the R&D credit against Employer Payroll Taxes. Read our whitepaper for a quick check on your eligibility.