2022 business tax income tax tax planning 
inDinero Tax Tips
DECEMBER 22, 2023
Despite a static tax legislative landscape, the looming possibility of future amendments necessitates proactive tax planning. At indinero, we’re committed to guiding you through these complexities and optimizing your financial strategy with our comprehensive business tax services.
SkagitCountyTaxServices
MARCH 17, 2023
Getting into planning mode is going to require you actively carving out some time in your busy business owner schedule… whether you’re facing doing taxes on your own (not recommended) or meeting up with your favorite tax pro (wink, wink). The first-year bonus depreciation deduction was 100% through the end of 2022.
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CPA Practice
JANUARY 16, 2024
Senate Finance Chairman Ron Wyden and House Ways and Means Chairman Jason Smith unveiled a roughly $78 billion tax deal Tuesday that would revive a trio of business tax credits, expand the child tax credit and boost low-income housing. aim to pass the tax package before Jan. Wyden, D-Ore., and Smith, R-Mo.,
Withum
JUNE 1, 2022
It is not uncommon for businesses to utilize First-In-First-Out (“FIFO”) for internal reporting purposes but use the Last-In-First-Out (“LIFO”) method for external reporting purposes, such as for US GAAP and federal income tax. This could be a surprise to many taxpayers and may only get worse through the 2022 taxable year.
SkagitCountyTaxServices
AUGUST 19, 2022
Though that said, there does seem to be some easing on both of these fronts – and not necessarily because of the “Inflation Reduction Act” (more on that and business tax deductions in a minute). It can be difficult to see your way through it all and keep your business afloat. Business Tax Deductions: Meals and mileage.
MyIRSRelief
OCTOBER 3, 2022
Our Los Angeles tax services can become an essential part of the taxing process. According to the IRS, in 2019, Los Angeles county residents had 4,806,030 total 1040 tax returns. The minimum combined 2022 sales tax rate for Los Angeles County, California is 10.25%. The Los Angeles County sales tax rate is 0.25%.
Withum
MAY 4, 2022
The budget bill, which was signed into law on April 9, 2022, also accelerates individual income tax rate reductions, adds new or modifies some existing tax credits, among other provision changes. For context, in January 2022, New Jersey revised its PTET, resulting in it being more uniform with New York’s PTET.
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