Today news
About the same in other media
Small Businesses Face Big Tax Bills From Research-Deduction Change
Reading now: 444
Laura Lynn Gonzalez expected a tax refund this year, after her two-employee data-visualization company experienced a $30,000 loss. Instead, she said, she is facing a $100,000 federal tax bill that is about as large as her 2022 salary.
Ms. Gonzalez’s predicament stems from a piece of the 2017 tax law that is taking effect now. It requires companies to spread deductions for research costs over five years instead of taking them immediately.
Read more on wsj.comAbout this in other media
Gary Lineker wins battle with HMRC over £4.9m tax bill theguardian.com /1 year ago
Consider yourself lucky if your small business worked with Silicon Valley Bank theguardian.com /1 year ago
Small Businesses Face Big Tax Bills From Research-Deduction Change wsj.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
