News & Tips - Augustedge, PLLC

Research Credit Potentially Doubled By The Inflation Reduction Act

Article Highlights Inflation Reduction Act Research Credit Payroll Tax Option Research Credit Qualified Research Qualified Small Business The Inflation Reduction Act that President Biden signed into law back in August, has a lesser-known provision that could benefit many small business startups, allowing them to potentially double the amount of the research and development tax credit they can claim from $250,000 to $500,000 per year [...]

By Augustedge Staff|2022-11-04T20:23:47+00:00November 3, 2022|Taxes|Comments Off

When to Hire a Fractional CFO

Every entrepreneur starts their company with their own vision of what the future holds. Maybe you thought you'd just work from a home office, managing every function and loving every minute of it. Maybe you always knew you were going to make it big and would need a suite of executives, a team of sales and marketing professionals, and a whole bunch of support [...]

By Augustedge Staff|2022-11-03T21:13:53+00:00November 2, 2022|Accounting, Business|Comments Off

Health Savings Accounts Fill Multiple Tax Needs

Highlights: Medical Savings Account Retirement Account High-Deductible Plan Eligible Individuals Monetary Qualification for an HSA Qualification Chart Maximum Contributions Establishing an HSA The Health Savings Account (HSA) is one of the most misunderstood and underused benefits in the Internal Revenue Code. Congress created HSAs as a way for individuals with high-deductible health plans (HDHPs) to save for medical expenses that are not covered by [...]

By Augustedge Staff|2022-11-03T21:14:11+00:00November 1, 2022|Taxes|Comments Off

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