CPA Practice

JUNE 18, 2025

He becomes chair of the Governing Board, succeeding Matt Snow, who has served as board chair since 2022 and retired on May 31. Randall is the national practice leader for the firm’s International Tax Service line and has more than 25 years of experience in public accounting.

Technology 71

Technology payroll accounting and finance audit 71

CPA Practice

JUNE 19, 2025

She has served as a member of RSM US LLP’s Board of Directors since December 2022. Burgess succeeds Brandon Rucker, who has been named the firm’s new enterprise assurance leader and member of the executive leadership team, also effective May 1. Burgess was selected as the new board chair by a vote of the members of the board.

Real Estate 52

Real Estate Technology payroll Healthcare 52

Withum

DECEMBER 17, 2024

It is important to note the TCJA sunsetting will not eliminate the 21% corporate tax rate. As an example, owners of S Corporations and Partnerships currently have the potential to pay taxes up to a 37% federal income tax rate. Take that deduction away, their taxes could be as high as $37,000 on that income.

Tax 52

Tax tax planning income tax tax return 52

Accounting Today

JUNE 26, 2025

During the 2016 through 2022 tax years, Gibson prepared at least 135 returns containing fraudulent information, causing a loss to the IRS of at least $125,197, which Gibson has agreed to pay in restitution. All rights reserved.

Tax 71

Tax Technology tax preparation CPA 71

Accounting Today

JULY 10, 2025

In 2022 and 2023, he and others operated a ghost prep business in three Augusta locations, including a church and Browns residence. He fabricated income to qualify his clients for credits, claimed fake deductions to inflate refunds and charged clients a percentage fee of the refund. Between 2017 and 2022, Buresh withdrew $2.9

Tax 75

Tax tax preparation income tax Technology 75

Accounting Today

JULY 21, 2025

Union City, Georgia: Truck driver Dantavious Jackson, 39, who operated a ghost tax prep business, has pleaded guilty to making claims for refunds of false pandemic-related employment tax credits. On the side, he also prepared taxes for a fee. Between June 2022 and August 2023, he defrauded the U.S. income tax return.

Rhode Island 89

Rhode Island Tax tax preparation Technology 89

Withum

DECEMBER 17, 2024

While higher disposable income for individuals could increase charitable giving, changes in deductions and tax incentives could also affect the overall landscape of individual donations. 2024 Year-End Tax Planning Resources Nows the time to review your year-end tax planning options and strategies for the 2024 tax season.

Tax 52

Tax corporation tax tax planning Government 52

CPA Practice

JULY 17, 2025

The provision is applied retroactively to 2022. Subscribe Tags:  Legislation , Taxes , Trump tax cuts , Trump tax plan Recommended Taxes Articles View All Taxes Articles Taxes July 18, 2025  Will the Elimination of Federal Tax Credit Significantly Hurt the Solar Industry?

Tax 105

Tax Technology payroll audit 105

CPA Practice

JULY 24, 2025

That marked the longest stretch of declines since 2022, and the figure fell short of the median forecast in a Bloomberg survey of economists. By Jarrell Dillard Bloomberg News (TNS) Applications for U.S. unemployment benefits fell for a sixth straight week, underscoring the resilience of the labor market.

Technology 52

Technology payroll payroll tax accounting and finance 52

CPA Practice

JULY 4, 2025

By Kyle Stock Bloomberg News (TNS) The Trump administration’s plan to scrap federal incentives for electric vehicles will be a major speed bump for battery-powered transportation in the U.S., but not a brick wall, according to forecasts. On Thursday, Republicans in the U.S.

Tax 90

Tax Technology payroll audit 90

RogerRossmeisl

JULY 16, 2022

As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with federal estate tax. Before 2011, a much smaller amount resulted in estate plans attempting to avoid it. Note: The federal estate tax exclusion amount is scheduled to sunset at the end of 2025.

income tax 246

income tax tax planning Tax CPA 246

ThomsonReuters

JULY 14, 2025

The oil and gas industry operates in an extremely complex and ever-evolving tax environment , one that presents a multitude of challenges for those involved in tax planning and compliance efforts. Which taxes apply to oil and gas companies? controlled waters in the Gulf of Mexico. Rates vary by state—from a low of 2.5%

North Carolina 59

North Carolina Non-Profits Montana income tax 59

CPA Practice

JULY 15, 2025

Toy prices increased at the fastest pace since early 2021, while the costs of household furnishings and sports equipment climbed by the most since 2022. after stalling in the prior month. after stalling in the prior month. Goods prices, excluding food and energy commodities, rose 0.2% after stalling in the prior month.

Technology 58

Technology payroll audit payroll tax 58

Anders CPA

AUGUST 2, 2022

Crypto Tax Planning for 2022. Senate, digital assets such as cryptocurrency would have been treated the same as stock and securities in applying the wash sale rule for federal income tax purposes. Anders is keeping an eye on evolving reporting requirements and tax treatment of cryptocurrencies.

tax planning 111

tax planning Sales Tax income tax 111

Withum

NOVEMBER 17, 2022

2022 Tax Brackets and Rates. Taxable Income Over. 2022 Long-Term Capital Gains Tax Bracket. Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Capital Gain Planning.

tax planning 98

tax planning Tax Construction income tax 98

CPA Practice

SEPTEMBER 14, 2023

Tax Rates, which indicates inflation adjusted amounts in the tax code will increase 5.4% increase in 2023, it is nearly double the 2022 increase of 3%. See projected tax bracket tables below.] Bloomberg Tax’s annual Projected U.S. Act that affect tax planning for corporate taxpayers in certain industries.

income tax 119

income tax Tax accounting and finance tax planning 119

Cherry Bekaert

NOVEMBER 14, 2023

Contributor: Chelsea Payne , Senior Manager, Tax Services As the end of the year approaches, strategic planning remains crucial for taxpayers looking to optimize their financial positions and set the stage for a strong start in the upcoming fiscal year. Each state has different eligibility requirements and PTE election regimes.

Real Estate 109

Real Estate tax planning Construction Tax 109

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 receive income from a pass-through business? How will your income change in 2024? Do you make charitable contributions?

tax planning 101

tax planning Tax Real Estate Non-Profits 101

CTP

SEPTEMBER 16, 2022

There are thousands of court-tested, law-abiding strategies that help the 1% avoid paying billions of dollars in taxes year after year, like the ProPublica article “The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax.” To find a Certified Tax Planner near you, click here.

tax planning 98

tax planning Tax tax return Education 98

CTP

NOVEMBER 16, 2022

What are my ethical responsibilities when I use software to produce a tax plan? In the world of taxes, there are many ethical issues that can come into play. And according to the same research firm, the use of AI in the accounting and tax industry will likely grow more than 50 percent by the year 2030.

tax planning 95

tax planning Tax Technology Non-Profits 95

Anders CPA

NOVEMBER 22, 2022

Converting to a Roth IRA from a traditional IRA may result in an immediate tax liability but timing the conversion correctly can save on taxes in the long run. With the stock market’s instability and current income tax rates at a historical low, converting to a Roth IRA may be in your best interest, as long as you get the timing right.

Tax 98

Tax income tax tax planning CPA 98

CPA Practice

JUNE 5, 2023

But the NBA Finals—and other sporting events—are connected to taxes in a big way. That’s partly due to a lucrative income tax imposed by all but five states known as the “jock tax.” And professional athletes aren’t the only ones affected by the tax. What is the jock tax? The tax has an interesting history.

income tax 118

income tax Tax Sports Nevada 118

Withum

DECEMBER 2, 2022

Set Your Company up for Success in 2022. Join Withum’s tax experts for a timely overview on year-end tax planning and how you can minimize your tax bill this year. Learn what steps you can take now to set your company up for success in 2022. View our on-demand webinar to : Review new tax legislation.

tax planning 64

tax planning income tax Tax 64

Withum

MARCH 29, 2023

On December 2nd, 2022, long-time Met’s pitcher Jacob deGrom signed a 5-year contract worth $185 million with the Texas Rangers. The ace of the Mets pitching staff, who had been a lifelong Met, had decided to head to Texas for what he called a “winning culture” and likely tax savings. Texas, on the other hand, has no state income taxes.

Texas 122

Texas New York income tax Sports 122

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%.

tax services 147

tax services California Tax tax preparation 147

Cherry Bekaert

NOVEMBER 28, 2023

From leveraging tax incentives to optimizing deductions, this guide offers insights into tax planning to help businesses make informed decisions and set a solid foundation for the upcoming year. The notice is applicable for tax years ending after September 8, 2023.

tax planning 64

tax planning Tax income tax tax return 64

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.

New York 112

New York income tax New Jersey Tax 112

Withum

MAY 16, 2022

However, the resulting forgiveness of a portion of the debt does not automatically result in federal taxable income. Taxable income is closely linked to when a taxpayer receives economic benefit. This allows each partner to weigh their unique individual income tax circumstances and come to their own conclusion.

Real Estate 131

Real Estate Tax income tax tax return 131

Withum

NOVEMBER 17, 2022

For 2022, Donors may claim a tax deduction limit for contributions of cash of 60% (for non-cash gifts up to 30%) of one’s AGI. Donation amounts in excess of these limits may be carried over for up to five tax years. 2022 Year-End Tax Planning Resources. 2022 Year-End Tax Planning Resources.

tax planning 52

tax planning tax return income tax Tax 52

Withum

NOVEMBER 17, 2022

The Wayfair case validated economic nexus for sales tax purposes and amplified economic nexus for income tax purposes, signaling to all states that economic nexus is sound law. Although many businesses might be subject to nexus, with proper planning, income tax burdens can be alleviated or reduced with sales-sourcing analysis.

tax planning 52

tax planning Tax income tax New York 52

CTP

SEPTEMBER 22, 2022

There are thousands of court-tested, law-abiding strategies that help the 1% avoid paying billions of dollars in taxes year after year, like the ProPublica article “The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax.” To find a Certified Tax Planner near you, click here.

tax planning 52

tax planning Tax tax return Education 52

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.

business tax 119

business tax Tax income tax tax return 119

inDinero Tax Tips

DECEMBER 22, 2023

Introduction As 2023 draws to a close, it’s pivotal for small businesses to scrutinize their financial status and strategize effectively for tax reduction and a robust financial future. Despite a static tax legislative landscape, the looming possibility of future amendments necessitates proactive tax planning.

tax planning 52

tax planning business tax Tax financial statements 52

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.

tax planning 52

tax planning business tax Tax tax return 52

Inform Accounting

APRIL 26, 2022

So as we enter the new tax year, what is the most tax efficient way for a director to draw money 2022/23? Key tax changes for 2022/23. National Insurance Contributions (NICs) and dividend tax rates are increasing by 1.25% to support the NHS, health and social care. Minimising Employee’s NIC.

Tax 52

Tax income tax tax return payroll 52

Anders CPA

AUGUST 30, 2022

The interim Name, Image and Likeness (NIL) Policy has opened many doors for college athletes – including the door that requires annual income tax filings for NIL deals. A self-employed individual, or an athlete in this case, may make contributions up to the lesser of $20,500 or 100% of compensation for 2022. CONTACT ANDERS.

Entertainment 98

Entertainment Sports income tax tax return 98

Ronika Khanna CPA,CA

DECEMBER 2, 2022

Note that the T5 slips for calendar year (ended December 31st) 2022 are due by February 28, 2023. Alternatively, some shareholders also take dividends in addition to a salary depending on their tax planning strategy. and dividend tax credit of 9.0301% are the same for the years from 2019 to 2022.

tax return 98

tax return Non-Profits income tax Tax 98