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Tax Season 2024: 7 Tips for Small Business Owners

Extensis

Bonus depreciation Implemented in 2017 as part of the Tax Cuts and Jobs Act (TCJA) , bonus depreciation permits business owners to write off a large percentage of the cost of a qualified asset. To qualify, the asset must be depreciable with a recovery period of 20 years or less. Act tax credits SECURE Act 2.0

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Get to Know the Tax Provisions in the CARES Act

ACA Times

Business Provisions: Refundable Payroll Tax Credit (CARE Act §2301): Allows a business to take a tax credit against payroll and other employment related taxes for each calendar quarter equal to 50% of the qualified wages with respect to each employee to a maximum of $10,000. The prohibition is still in place for 2021-2025.

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How Time Tracking Can Fuel and Serve as a Catalyst Post M&A

Replicon

trillion in 2026, according to Global PMI Partners. These disparate systems’ redundant features result in higher costs, operational inefficiencies, revenue leaks, compliance issues, siloed data, and low insight into how much time resources spend on projects. compound annual rate (CAGR) to $9.7

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Senate Issues Revised Version of ACA Repeal-and-Replace Bill

HR Daily Advisor

On July 13, the Senate released a revised version of its proposed Affordable Care Act (ACA) repeal/replace bill, known as the Better Care Reconciliation Act of 2017. It also provides nearly $45 billion from 2018 through 2026 to help states battle opioid addiction. 9% payroll tax. zimmytws / iStock / Getty Images Plus.

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New Jersey Minimum Wage Increases July First

Zenefits

For those workers, the minimum wage will reach $15 an hour by 2026. percent in 2017, down from 6 percent in 2016 and 10.9 The New Jersey poverty rate in 2017 was 10 percent in 2017, up from 8.6 percent of New Jerseyans were living in poverty in 2017, up from 20.89 an hour by January 1, 2024. percent in 2007.

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