Tax Hack Accounting Group
Tax Hack Accounting Group
  • 35
  • 21 942
Section 174 and FinCen
1) SUBSCRIBE To Learn Strategy-First Tax & Accounting Solutions:
th-cam.com/channels/TgKjNyRMc1NzCWm3gibd9Q.html
2) CALCULATE YOUR R&D TAX CREDIT NOW!
Use our free, no obligation R&D Calculator:
mytaxhack.com/r-and-d-calculator/
3) GET E-COMMERCE TAX PLANNING
mytaxhack.com/e-commerce-taxes/
mytaxhack.com/ecommerce-tax-planning/
4) LET'S CONNECT!
Follow for tips on Instagram! notyourdads...
Twitter: taxhackamerica
Linkedin: www.linkedin.com/company/taxhack
Facebook: mytaxhack/
5) NEED TAX HELP? CONTACT US TODAY!
mytaxhack.com/connect/
Email: info@mytaxhack.com
มุมมอง: 34

วีดีโอ

Cerveza Side Chats | Lessons Learned on People Management, Company Culture and Employee Retention
มุมมอง 2411 หลายเดือนก่อน
Are your employees happy? Miguel and Ashton crack a cold one to reflect on lessons learned on managing teams, developing company culture, and the painful experience of losing your top talent. 00:53 Experience with People Management 06:48 Thoughts on Company Culture 12:27 Does it Ever End? 16:49 Lessons Learned on People Management 1) SUBSCRIBE To Learn Strategy-First Tax & Accounting Solutions:...
Business Structuring and Entity Selection
มุมมอง 572 ปีที่แล้ว
In this webinar, we cover the tax benefits and the tax and legal implications of entity selection with Cooper & Huber LLP. 1) SUBSCRIBE To Learn Strategy-First Tax & Accounting Solutions: th-cam.com/channels/TgKjNyRMc1NzCWm3gibd9Q.html 2) CALCULATE YOUR R&D TAX CREDIT NOW! Use our free, no obligation R&D Calculator: mytaxhack.com/r-and-d-calculator/ 3) GET E-COMMERCE TAX PLANNING mytaxhack.com/...
Sales Tax vs Use Tax: What to Know and Why They're Important
มุมมอง 4402 ปีที่แล้ว
Both sales tax and use tax are generally imposed on the final consumer of the goods or services. However, in some cases, businesses may be required to collect and remit these taxes on behalf of their customers. Businesses that make interstate sales are often required to collect and remit sales tax. Similarly, businesses that sell digital goods (such as e-books or software) may be required to co...
The Biggest Headache for Online Sellers: Sales Tax
มุมมอง 702 ปีที่แล้ว
As an online seller, you’re responsible for collecting and paying taxes on your sales. This can be a complicated and time-consuming process, especially if you sell in multiple states. You may also be required to file quarterly or annual tax returns, which can add to your paperwork burden. One of the biggest challenges for online sellers is keeping track of their sales tax obligations. Sales tax...
What is Economic Nexus and the "Wayfair Decision"?
มุมมอง 2172 ปีที่แล้ว
In recent years, states have increasingly been looking for ways to increase revenue and the rise in online shopping over the past 30 years was eroding an important source of revenue for the state. One way they have increased their revenue is by expanding their sales tax reach to include out-of-state sellers. 1) SUBSCRIBE To Learn Strategy-First Tax & Accounting Solutions: th-cam.com/channels/Tg...
What Kind of Trouble Can I get into for not Filing Sales Tax?
มุมมอง 752 ปีที่แล้ว
If you don’t file your sales tax, you could be in for some trouble. Depending on the state, the penalties for not filing can range from a slap on the wrist to big fines and even jail time. In general, though, you’re more likely to face economic penalties than anything else. 1) SUBSCRIBE to Learn Strategy-First Tax & Accounting Solutions: th-cam.com/channels/TgKjNyRMc1NzCWm3gibd9Q.html 2) CALCUL...
Sales Tax Collection | How Much Should I Charge for Sales Tax?
มุมมอง 582 ปีที่แล้ว
Sales tax is a minor but important part of running a business. The amount you charge depends on several factors, including the type of product or service you sell and the state in which your business is located. It can also depend on where the product is being consumed by the customer. 1) SUBSCRIBE to Learn Strategy-First Tax & Accounting Solutions: th-cam.com/channels/TgKjNyRMc1NzCWm3gibd9Q.ht...
Sales Tax Mistakes | What Sales Tax Mistakes Should I Know?
มุมมอง 372 ปีที่แล้ว
Sales tax mistakes can be costly and time-consuming to fix. In this video, we talk about 5 biggest mistakes businesses make when it comes to sales tax. 1) SUBSCRIBE to Learn Strategy-First Tax & Accounting Solutions: th-cam.com/channels/TgKjNyRMc1NzCWm3gibd9Q.html 2) CALCULATE YOUR R&D TAX CREDIT NOW! Use our free, no obligation R&D Calculator: mytaxhack.com/r-and-d-calculator/ 3) GET E-COMMERC...
Steps to Become Sales Tax Compliant | Sales Tax Compliance - Do These Steps
มุมมอง 422 ปีที่แล้ว
Depending on your business model and location, you may be required to collect and remit sales tax. To become compliant, you will need to register for a sales tax permit, collect taxes from customers, and file and pay taxes to the appropriate jurisdiction. Remember, sales tax returns are subject to audits like income tax returns. 1) SUBSCRIBE To Learn Strategy-First Tax & Accounting Solutions: t...
The Most Confusing Part About Sales Tax Compliance
มุมมอง 632 ปีที่แล้ว
Sales Tax Compliance refers to the process of ensuring that businesses collect and remit the correct amount of sales tax to the appropriate taxing authority. Compliance can be a complex and confusing process, especially for businesses that operate in multiple states. 1) SUBSCRIBE to Learn Strategy-First Tax & Accounting Solutions: th-cam.com/channels/TgKjNyRMc1NzCWm3gibd9Q.html 2) CALCULATE YOU...
Criminal Charges For Not Filing Sales Tax | The Risks of Not Filing Sales Tax
มุมมอง 452 ปีที่แล้ว
Depending on the state, business owners may be required to file and remit sales tax monthly, quarterly, or annually. Failing to do so can result in hefty penalties, including interest and fines. In some cases, business owners may even be subject to criminal charges. 1) SUBSCRIBE to Learn Strategy-First Tax & Accounting Solutions: th-cam.com/channels/TgKjNyRMc1NzCWm3gibd9Q.html 2) CALCULATE YOUR...
How To Get Rid of Sales Tax Penalties
มุมมอง 5812 ปีที่แล้ว
Sales tax penalties can be a real pain, especially if you’re already struggling to make ends meet. The penalties are usually a percentage of the underpaid amount and interest on the balances due. There are some things you can do to try and reduce or even eliminate those penalties. 1) SUBSCRIBE to Learn Strategy-First Tax & Accounting Solutions: th-cam.com/channels/TgKjNyRMc1NzCWm3gibd9Q.html 2)...
What is M&A compliance? | M&A Compliance: What is it and How Does it Work?
มุมมอง 1572 ปีที่แล้ว
Mergers and acquisitions compliance refers to the set of rules and regulations that must be followed in order for a merger or acquisition to be completed. These rules and regulations are designed to protect the interests of both parties involved and to ensure that the transaction is fair and transparent. M&A compliance typically covers areas such as disclosure, antitrust, and securities laws. 1...
Difference Between a Stock and an Asset Purchase in an M&A
มุมมอง 1.8K2 ปีที่แล้ว
Difference Between a Stock and an Asset Purchase in an M&A
What is Roll Over Equity and Earnout Payments in an M&A?
มุมมอง 1.9K2 ปีที่แล้ว
What is Roll Over Equity and Earnout Payments in an M&A?
Why is Tax Due Diligence So Important in an M&A?
มุมมอง 9352 ปีที่แล้ว
Why is Tax Due Diligence So Important in an M&A?
What Historical Information Do You Need for an M&A?
มุมมอง 1772 ปีที่แล้ว
What Historical Information Do You Need for an M&A?
What are Escrows in an M&A?
มุมมอง 2192 ปีที่แล้ว
What are Escrows in an M&A?
What are Indemnifications in an M&A?
มุมมอง 952 ปีที่แล้ว
What are Indemnifications in an M&A?
What is Representations and Warranties Insurance in an M&A? | Why is RWI is Valuable in an M&A?
มุมมอง 7962 ปีที่แล้ว
What is Representations and Warranties Insurance in an M&A? | Why is RWI is Valuable in an M&A?
How to Claim the R&D Tax Credit
มุมมอง 1.4K2 ปีที่แล้ว
How to Claim the R&D Tax Credit
3 Tips to Maximize the R&D Tax Credit
มุมมอง 2562 ปีที่แล้ว
3 Tips to Maximize the R&D Tax Credit
Tax Hack Market Updates & Quarterly Client Update Q3 2021
มุมมอง 102 ปีที่แล้ว
Tax Hack Market Updates & Quarterly Client Update Q3 2021
Sales Tax and Economic Nexus for Online Sellers - Tax Hack Accounting Group
มุมมอง 732 ปีที่แล้ว
Sales Tax and Economic Nexus for Online Sellers - Tax Hack Accounting Group
The R&D Engagement Process - Our Unique Way of Maximizing Your Tax Credit
มุมมอง 1292 ปีที่แล้ว
The R&D Engagement Process - Our Unique Way of Maximizing Your Tax Credit
Get to Know Tax Hack
มุมมอง 323 ปีที่แล้ว
Get to Know Tax Hack
Tax Return Review Best Practices
มุมมอง 5143 ปีที่แล้ว
Tax Return Review Best Practices
PPP2 Updates & Employee Retention Tax Credit Webinar (2021 Updates)
มุมมอง 783 ปีที่แล้ว
PPP2 Updates & Employee Retention Tax Credit Webinar (2021 Updates)
The Pro Guide to Reviewing Partnership & S Corp Tax Returns
มุมมอง 2513 ปีที่แล้ว
The Pro Guide to Reviewing Partnership & S Corp Tax Returns

ความคิดเห็น

  • @AT-fi8vy
    @AT-fi8vy 3 หลายเดือนก่อน

    Good stuff! Loved the part at 9:07 where you skipped Ashton!

  • @damon-burton
    @damon-burton 4 หลายเดือนก่อน

    Great breakdown of business structures. Choosing the right entity is a crucial decision. The explanation of tax implications was clear and helpful.

  • @damon-burton
    @damon-burton 4 หลายเดือนก่อน

    Great discussion. Building a strong company culture is vital. Feedback and recognition are crucial for morale and productivity. Setting clear expectations provides a roadmap for success, and aligning personal and company goals is powerful.

  • @damon-burton
    @damon-burton 4 หลายเดือนก่อน

    Great breakdown of Section 174 and FinCEN. These changes significantly impact businesses, especially those in research and development. The amortization rules for R&D expenses could affect cash flow.

    • @taxhackaccountinggroup2945
      @taxhackaccountinggroup2945 3 หลายเดือนก่อน

      100% correct, they do impact businesses cash flow. We are hopeful congress will change the rules.

    • @damon-burton
      @damon-burton 3 หลายเดือนก่อน

      @@taxhackaccountinggroup2945 Thanks for confirming. These changes definitely affect cash flow.

  • @gaiustacitus4242
    @gaiustacitus4242 6 หลายเดือนก่อน

    The R&D tax credit does not mitigate the financial harm to small startup technology businesses caused by changes to Section 174. This new tax policy results in small businesses that spend the vast majority of their revenue on R&D expenses to pay taxes on FICTIONAL PROFITS. For a simplistic example: A single member LLC generates $1 million in revenue and has $1 million in R&D expenses for software development. Under prior tax rules, this would result in no net income, thus no taxes due. Under current tax rules, the R&D costs must be capitalized and amortized over 5 years (or 15 years if the expenses were incurred in a foreign country) resulting in taxes due on $800,000 of net income. If the business is treated by the IRS as a disregarded entity, then the owner will owe personal income taxes at a rate up to 37%. Congress is doing everything possible to destroy innovation within these United States. No other country in the world penalizes companies in this way for performing R&D.

  • @teresabatz
    @teresabatz 10 หลายเดือนก่อน

    *PromoSM* 💪

  • @zoeybella234
    @zoeybella234 ปีที่แล้ว

    Thank you, that was extremely informative and well presented. In your estimation, should R&D Tax credit claims firms seek stability in their business strategy and faze down operations with a view of April's potential news or do you think diversification to other related services work or towards investor focus such as VC's be a new business model? I would be so pleased to hear from you or anyone with your level of knowledge :)

  • @orelcohen1984
    @orelcohen1984 ปีที่แล้ว

    Is it relevant to someone who is self-employed that is doing all these R&D things?

  • @Dwallace-80
    @Dwallace-80 ปีที่แล้ว

    If I collect tax from my customers who leave in another state and I don’t reach the Nexus threshold. What happens? Am I obliged to return the money to the customers? How companies know when they will reach the Nexus. It is so hard 😢

  • @LeonorDaCosta
    @LeonorDaCosta ปีที่แล้ว

    I love the insight, indeed very helpful

  • @jd5787
    @jd5787 ปีที่แล้ว

    Is it possible to rollover staff vested options (in the money) from the acquired into the acquirers options? (part vested, part on a vesting schedule)

  • @sholaebofin6090
    @sholaebofin6090 ปีที่แล้ว

    Where's phase two of this 🤔

  • @sholaebofin6090
    @sholaebofin6090 ปีที่แล้ว

    Where's part two of this 🤔

  • @chrisdios2621
    @chrisdios2621 2 ปีที่แล้ว

    Great video. These guys really know their stuff.

  • @benjaminrichardsiv3034
    @benjaminrichardsiv3034 2 ปีที่แล้ว

    Awesome

  • @paulrussell8801
    @paulrussell8801 2 ปีที่แล้ว

    𝐩𝓻Ỗ𝓂Ø𝓈M

  • @AT-fi8vy
    @AT-fi8vy 2 ปีที่แล้ว

    Informative!

  • @keanuoliva8976
    @keanuoliva8976 2 ปีที่แล้ว

    This is fantastic.

  • @EconomicNinja
    @EconomicNinja 3 ปีที่แล้ว

    Do you do tax consulting?

    • @ashtonchanana3315
      @ashtonchanana3315 3 ปีที่แล้ว

      Hi Economic Ninja - yes we do! Feel free to send me an email to me at ashton@mytaxhack.com and we can set up a time to chat.

    • @taxhackaccountinggroup2945
      @taxhackaccountinggroup2945 3 ปีที่แล้ว

      If there's a fit, yes. feel free to reach out at info@mytaxhack.com and you'll be prioritized with a response

  • @Lina-xy3pz
    @Lina-xy3pz 3 ปีที่แล้ว

    Keep up the good work!!! You deserve way more subscribers! Did you know that you could use Promosm!?? It could help you get your videos higher in the search results!

  • @AT-fi8vy
    @AT-fi8vy 3 ปีที่แล้ว

    Let’s go!

  • @Trang-xq9fn
    @Trang-xq9fn 4 ปีที่แล้ว

    Is the R&D tax credit qualification determined during the 1st 5 years of a startup doing business?

    • @ashtonchanana3315
      @ashtonchanana3315 3 ปีที่แล้ว

      Hello - the credit can be taken in any year that the company does innovative qualifying activities. You can take the credit against (1) business income tax, (2) personal tax liability, or (3) if a business is younger than 5 years old, you can take it against payroll taxes.

  • @AT-fi8vy
    @AT-fi8vy 4 ปีที่แล้ว

    Great stuff as always

  • @AT-fi8vy
    @AT-fi8vy 4 ปีที่แล้ว

    Super helpful, thanks for making this.

  • @AT-fi8vy
    @AT-fi8vy 4 ปีที่แล้ว

    Very helpful, thanks for making this!