Taxes are complicated, and, as your business grows, they’ll only get more difficult. Between books and taxes and everything else on your plate, keeping your finances in order can be overwhelming. And juggling multiple vendors just adds to the stress. Acuity not only offers the best in bookkeeping and accounting but can provide full tax support as well. Work with our top CPAs to file on time and get the deductions and credits you deserve.
The best part? Our online tax services are paired with our bookkeeping services. This ensures that the tax planning strategies that we implement for your business effectively flow through to your personal tax return to maximize tax savings. Additionally, our real-time access to your business combined with our knowledge of your personal tax situations allows us to provide more personalized services than you could get from using separate vendors. We can be your one-stop shop for these back-office tasks, and you can focus on what you do best—running your business.
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Tax Resources
Founder Stock: The Tax Break You Shouldn't Overlook
Founder stock, otherwise known as equity given to the founding members of a business, allows you to exclude gains of up to $10 million. But do you know if you qualify, and if so, how to leverage the exclusion? Find out what you need to know about the qualifications outlined in section 1202 of the Internal Revenue Code, the tax benefits of a QSBS, potential legal and financial pitfalls, and more when it comes to owning founder stock.
Small Business Tax Deductions & Credits That You Might Be Missing
Tax deductions and credits can be a major money-saving opportunity, especially for small businesses looking to make the most of their funds. Unfortunately, not everyone knows how to take advantage of the options that are available to them, or even what the difference is between a tax deduction and a tax credit. This time around, save money on your tax bill by learning about and familiarizing yourself with these commonly missed tax deductions and credits.
Guaranteed Payments or Draws
When starting a business, it’s important to know the difference between guaranteed payments and draws, and what scenarios each one applies to. If your startup is gaining momentum, entrepreneurs with co-owners or outside funding will need to know when to start making guaranteed payments and where draws apply. Not sure where to start? Read on to find out more about these payments.
Introducing R&D Tax Credits
Tired of missing out on tax credits? It might be time to take advantage of Acuity’s R&D Tax Credits, powered by Clarus R+D. These powerful, technology-driven research and development studies can help keep money in your pocket by identifying the incentives that are right for you. Because at Acuity, our goal is to simplify the tax process so that you can focus on what you do best: running your business. You’ll find everything you need to know to get started here.
8 Steps You Can Take Now to Prepare Your Personal and Business Taxes
Procrastinating on your bookkeeping and expenses can make tax season all the more stressful — but it doesn’t have to be. This year, plan ahead and prepare for both your business and personal taxes with these eight easy steps. In this article, you’ll learn about important dates like when to file, how to understand deductions and what credits are commonly missed, and how to apply for an extension if you’re really in a bind for time.
8 Reasons Startups Miss the R&D Tax Credit
Many small business owners don’t realize that they can qualify for the R&D tax credit, which allows startups to claim up to $250K per year. So why do so many companies miss out on this credit opportunity that awards innovation? For starters, many entrepreneurs assume it’s too good to be true. Find out the seven other reasons why the R&D tax credit gets passed over, and why you might want to take advantage of it in the future.
Tax Deductions for New Businesses
It’s no secret that starting a business takes major capital. But did you know that new businesses are privy to certain money-saving tax deductions? Most startup costs are considered capital expenditures and can often be deducted if they’re associated with the preparation of opening, creating or investigating, and organizing the company. Find out if your expenses qualify and how deducting these costs can save you money in the first year of business.
