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Tax planning strategies to start the new year with

ThomsonReuters

But where do you begin building your tax planning strategy? Tax planning strategy #1: Utilize short-term staffing solutions As tax season begins, firms in need of a short-term boost in headcount should consider outsourcing services to increase workload capacity. Partial outsourcing is also an option.

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Padgett & Padgett, PLLC CPA’s Tips for 2023 Small Business Tax Planning

SkagitCountyTaxServices

Forward-thinking is a must in business… that goes for your taxes too. But first, let’s talk about your tax filing. While we’ll probably file an extension for you if you’re in this category and just now looking at your taxes, you’ll want to dial in VERY soon. And I’m going to dive into what that looks like today.

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Year-end tax planning strategies: Provide your clients with expert guidance

ThomsonReuters

Jump to: Set engagements and expectations for next year Address economic pressures that are top of mind Advise on tax planning topics As the year comes to a close, most accounting firms are guiding clients through the complexities of year-end tax planning. Create consumable content on-demand.

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Shohei Ohtani’s Deferred Compensation Comes With Shocking Tax Obligations

Withum

While, baseball does not have a salary cap, this payment would have counted towards 30% of Major League Baseball’s (“MLB”) Competitive Balance Tax (CBT) threshold. The CBT, often called a luxury tax, was designed by baseball to discourage teams from accumulating player salaries more than the luxury tax thresholds.

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How Accounting and Tax Pros Can Help Clients Strategize on Social Security

CPA Practice

In 2023, an average of almost 67 million Americans per month will receive a Social Security benefit totaling about $1.4 For every $1,640 earned in 2023, one credit will be granted up to $6,560. It is important to note that if the individual is receiving a W-2, the individual and their employer each share the tax burden of 6.2%.

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Going, Going…Gone: Will Medicare Tax Liability Strike Out Shohei Ohtani’s Annual Salary?

Withum

While, baseball does not have a salary cap, this payment would have counted towards 30% of Major League Baseball’s (“MLB”) Competitive Balance Tax (CBT) threshold. The CBT, often called a luxury tax, was designed by baseball to discourage teams from accumulating player salaries more than the luxury tax thresholds.

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Founders – Get Huge Tax Breaks by acting now!

Shay CPA

Founders – check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. . R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits?

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