Cherry Bekaert

NOVEMBER 29, 2023

Prepare for the 2023 tax season with our comprehensive tax planning checklist for individuals. Expert advice on life changes, investments, IRAs, and estate planning. Do you make charitable contributions? Do you receive income from a pass-through business? How will your income change in 2024?

tax planning 101

tax planning Tax Real Estate Non-Profits 101

Withum

MAY 16, 2022

The COVID-19 pandemic has had a dramatic impact on commercial real estate values, and in some cases resulted in property no longer being able to support the debt with which it is encumbered. How coronavirus hit commercial real estate – GREEN STREET ADVISORS. not insolvent).

Real Estate 131

Real Estate Tax income tax tax return 131

CPA Practice

SEPTEMBER 19, 2023

Goralka, Kiplinger Consumer News Service (TNS) This cautionary tale is based upon the recent tax case of Estate of Hoensheid v Commissioner , TC Memo 2023-34. When owners of a company plan to sell their business, there is very often a desire to minimize the resultant income tax. This leaves net proceeds of $14 million.

tax planning 116

tax planning Tax income tax Sales 116

KROST

NOVEMBER 30, 2021

The real estate market can be volatile, full of risks and challenges. Real estate professionals should enlist an expert to ensure compliance and navigate the specifics of real estate tax and accounting. Your business will benefit from our wide range of tax, audit, and advisory services.

Real Estate 52

Real Estate Tax CPA audit 52

CPA Practice

DECEMBER 21, 2023

As macroeconomic trends upend long-term planning, business cycles are turning over faster than ever. Recent tax changes coupled with the potential for an economic slowdown have made it even more critical for companies and individuals to make smart decisions on investments and financing. Prepare for public stock buyback tax.

tax planning 59

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CTP

DECEMBER 8, 2022

Looking to invest in real estate? The many tax loopholes available can make this an attractive source of income—but first-time property owners may feel uncertain about taking advantage of these tax breaks. By enticing taxpayers with tax benefits, more people are able and willing to make this sizable financial investment.

Real Estate 52

Real Estate Tax tax return tax planning 52

Withum

NOVEMBER 17, 2022

2022 Tax Brackets and Rates. 2022 Long-Term Capital Gains Tax Bracket. Year-End Tax Strategies for Individuals. Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. DEDUCTION AMOUNT: $19,400. Taxable Income Over.

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Withum

DECEMBER 6, 2022

With legislation that breathes new life into expiring tax incentives and the beginning of planned sunsets for others, changes to existing tax incentive programs are a hot topic. Understanding these changes and the timeframe to act to take advantage of available tax incentives is key. View Slide Deck. Energy incentives.

tax planning 59

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MyIRSRelief

MAY 1, 2024

Yet, amidst the excitement lurks a dark alley – the realm of taxes. Navigating complex tax codes, understanding specific forms like 1120, 1120S, and 1065, and ensuring compliance can feel like deciphering ancient scrolls. Here’s where a qualified business tax professional becomes your secret weapon.

Tax 130

Tax tax planning audit Non-Profits 130

KROST

JANUARY 25, 2021

As an industry impacted by the pandemic, real estate businesses can benefit from several key tax provisions in the package. The Tax Cuts and Jobs Act (TCJA) allowed a real property trade or business to elect out of the limitation on the deduction for business interest expense. New Markets Tax Credit.

Real Estate 90

Real Estate Tax CPA public accounting 90

LyfeAccounting

DECEMBER 30, 2020

?. Are you tired of paying taxes? Taxes stink. But recently, I heard that some people pay very little in taxes. In fact, the president’s tax returns show he paid just $750 in federal income taxes in 2016 and 2017. Now we just wrote a post about the new tax brackets going into 2021, which you can read in this link.

Real Estate 52

Real Estate Tax income tax Gaming 52

Withum

NOVEMBER 29, 2022

The real estate industry has gotten very comfortable with the luxury of having 100 percent bonus depreciation on certain asset classes since it was re-enacted by the Tax Cuts and Jobs Act on September 27, 2017. These are all items eligible for bonus depreciation and can result in tax savings and increased cash flow.

tax planning 64

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CTP

DECEMBER 28, 2021

Understanding the benefits and drawbacks of different retirement plans is crucial to long-term tax planning. Most retirement plan investment earnings are taxed at ordinary income tax rates—you receive an ordinary tax deduction for every contribution, and you pay ordinary income tax rates when you withdraw funds.

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tax planning Maine Tax income tax 98

KROST

MAY 19, 2022

If you are in the real estate space, it is important to know that many of the proposal’s provisions will negatively impact the real estate industry. Below are the highlights of the proposal that would heavily affect the real estate industry. Tax Long-Term Capital Gains at the Ordinary Income Rate.

Real Estate 52

Real Estate Non-Profits Tax CPA 52

LyfeAccounting

MAY 13, 2021

If you’re thinking about selling real estate, one thing that you need to keep in mind is the amount of taxes you’re going to pay on that sale. Uncle Sam’s piece of the pie is called the capital gains tax. And the capital gains tax on real estate works a lot differently than other forms of taxes.

Real Estate 52

Real Estate Tax Sales tax preparation 52

KROST

DECEMBER 12, 2022

As calendar year 2022 comes to a close, it is a good time for taxpayers and their advisors to start thinking of planning moves that will help lower their tax bill for this year and possibly the next. The post 2022 Year-End Tax Planning for Individuals appeared first on KROST.

tax planning 52

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KROST

DECEMBER 15, 2020

This is a preview of one of the articles in the new KROST Quarterly Real Estate Issue , titled “Challenges Facing the Real Estate Industry in the Wake of COVID & the Election” by So Sum Lee. Learn more about KROST’s Real Estate Industry Services ».

Real Estate 67

Real Estate Delaware California accounting and finance 67

Going Concern

MAY 16, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 59

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MyIRSRelief

JANUARY 16, 2023

When it comes to tax season, many people are faced with the decision of whether to prepare their own taxes or use an income tax preparation service. While it may seem like an added expense, there are many benefits to using a professional tax preparation service that make it well worth the cost.

tax preparation 130

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CPA Practice

OCTOBER 16, 2023

For taxpayers who find themselves in this situation, thoughtful tax planning is essential. Here’s how this home sale strategy can help your clients be more tax savvy while navigating today’s real estate market. If their taxable income is more than $553,849, they’ll qualify for the top 20% capital gains tax rate.

Sales 122

Sales Real Estate Tax tax planning 122

CTP

SEPTEMBER 16, 2022

We are continuing to bust the myth that significant tax savings are only applicable to the rich and wealthy. Countless moderate-income earners are utilizing the same strategies to reduce their adjusted gross income (AGI) and overall tax liability. Tax credits are also available, resulting in an end-of-year refund.

tax planning 52

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CTP

SEPTEMBER 16, 2022

We are continuing to bust the myth that significant tax savings are only applicable to the rich and wealthy. Countless moderate-income earners are utilizing the same strategies to reduce their adjusted gross income (AGI) and overall tax liability. Tax credits are also available, resulting in an end-of-year refund.

tax planning 52

tax planning Tax Real Estate Education 52

MyIRSRelief

OCTOBER 30, 2023

Income Tax Return for Estates and Trusts, is a complex tax form that is used to report the income and expenses of estates and trusts. The fiduciary of an estate or trust is responsible for filing Form 1041, which is due on April 15th each year (unless an extension is filed).

tax preparation 130

tax preparation Tax tax return income tax 130

CPA Practice

MARCH 19, 2024

Major milestones like getting married, having a child, or buying a new home are exciting events to look forward to in life, but they may also have tax implications that must be prepared for to mitigate tax surprises. If you are legally married, the answer is no, and you may not want to anyway given the potential tax implications.

Tax 52

Tax Real Estate tax preparation Education 52

Going Concern

MAY 2, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 59

Real Estate Account accountant accounted 59

LyfeAccounting

OCTOBER 29, 2020

?. President Trump vs Biden Tax Plan. With the US presidential election is right around the corner, and since we’re an accounting firm that loves taxes, it’s only right that we make a post discussing President Trump’s Tax Plan vs Former Vice President Joe Biden. What an Effective Tax System Looks Like.

tax planning 52

tax planning Tax corporation tax Real Estate 52

Cherry Bekaert

FEBRUARY 19, 2024

Company Background A family-owned, closely held real estate LLC valued at $50-70 million sought out Cherry Bekaert for estate planning guidance to ensure the business remained in the family. The SLAT structure provided significant advantages, including valuation discounts, income tax benefits and asset protection.

Real Estate 52

Real Estate South Carolina income tax tax planning 52

Going Concern

JANUARY 4, 2024

Tax Credits & Incentive Services). Antonache manages federal and state tax consulting and compliance matters related to incentives for renewable energy development. Real Estate Practice). International Tax Services). Mo Huda (Dallas, Texas, State & Local Tax Services). Lisa Dion (Seattle, Wash.,

Real Estate 59

Real Estate Hospitality Construction audit 59

LSLCPAs

DECEMBER 17, 2020

19 to Affect Parent to Child Real Estate Transfers appeared first on LSL CPAs. With the recent news cycle mostly focused on federal level races including the Presidential election and numerous House and Senate rates, some propositions, like Prop. 19 have not received their fair share of time in the news. This may be because Prop.

Real Estate 52

Real Estate cpas California tax planning 52

ThomsonReuters

JULY 6, 2023

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable.

Tax 98

Tax tax return income tax audit 98

Anders CPA

OCTOBER 25, 2023

About Jane Maddox – Tax Jane joined the firm in 2011 and has over a decade of experience specializing in tax planning strategies for individuals and privately held businesses involved in real estate development, investment and construction. Louis chapter of Commercial Real Estate Women (Crew-St.

Real Estate 97

Real Estate Illinois Missouri Construction 97

CPA Practice

MAY 6, 2024

The firm also provides expertise in additional industries and services, such as employee benefit plans, bookkeeping, auto dealerships, manufacturing, construction and real estate, car washes, restaurants, and not-for-profits. We could tell immediately that both firms really meant what we said and would be a great fit.”

Mississippi 64

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Cherry Bekaert

APRIL 4, 2023

As a key benefit to growing businesses, Cherry Bekaert can provide support for your organization’s tax credits and incentives requirements. utilizing energy-efficient technologies, LEED® certification, etc.) solar, fuel cell, small wind energy property, geothermal, micro-turbine, etc.)

Tax 75

Tax payroll tax Real Estate payroll 75

CPA Practice

MARCH 8, 2024

CohnReznick Elevates Three to Commercial Real Estate Leadership Roles CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, recently announced that it has created a new level of leadership within its expanding Commercial Real Estate practice, elevating three partners to U.S.

Real Estate 52

Real Estate Indiana CPA tax planning 52

SkagitCountyTaxServices

MAY 5, 2021

Do you get a little bit of FOMO when you hear stories about other people building empires with real estate? And one of the biggest complexities of that decision has to do with the vagaries of commercial real estate mortgages. Commercial real estate mortgages tend to be the polar opposite.

Real Estate 40

Real Estate Tax tax planning CPA 40

ThomsonReuters

MARCH 1, 2024

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? How a corporate tax software can help filing S corporation taxes Setting up your business as an S corporation (S corp) provides several tax advantages that are not available to owners of C corporations (C corp) or Limited Liability Companies (LLCs).

corporation tax 52

corporation tax Tax tax return income tax 52

KROST

NOVEMBER 24, 2020

As year-end approaches, it is wise to think of planning moves that will help lower your tax obligations and provide financial relief. Year-end planning for 2020 takes place against the backdrop of the 2017 Tax Cuts and Jobs Act (TCJA) and the 2020 CARES ACT. The TCJA had major changes in the tax rules for individuals.

tax planning 52

tax planning Tax income tax Real Estate 52