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Tax Experts Receive Awards from AICPA

CPA Practice

The American Institute of CPAs has recognized two prominent Tax Division members during the 2024 AICPA Fall Tax Division Meeting. received the Jonathan Horn Distinguished Service Award. Sansone, CPA – 2024 Arthur J. He also served on the AICPA’s Tax Executive Committee. Dixon Memorial Award James (Jim) W.

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Congress Passes One Big Beautiful Bill – President to Sign on July 4

Withum

One Big Beautiful Bill Tax Provisions The One Big Beautiful Bill includes the following significant federal income tax provisions. However, to the extent the 2024 taxable year has not been filed, 174 domestic R&E can be immediately deducted. If a 2024 tax return has already been filed, then an amendment would be required.

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Understanding Nevada LLC Taxes

inDinero Tax Tips

You may have heard that Nevada LLC taxes are favorable to business owners. This is true if you plan to do business there, but keep in mind it’s rarely advantageous for out-of-state businesses to incorporate somewhere other than their home state; taxes accrue where you do business, not where you incorporate.

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How large tax and accounting firms can use AI

ThomsonReuters

Jump to Key areas where AI enhances tax services in large firms Barriers to AI adoption in large firms and overcoming them Embrace AI in your large firm for a competitive edge The tax and accounting industry is on the brink of a significant transformation, driven by the integration of artificial intelligence (AI) and generative AI (GenAI).

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Year-End Tax Strategies for Businesses

Withum

The corporate tax rate is currently a flat 21% rate. There is also a 15% corporate alternative minimum tax (CAMT) based on book income for companies with average annual adjusted financial statement income exceeding $1 billion. Please work with your tax advisor for future planning.

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All I Want for the Holidays Is…. A Tax Provision Specialist

Withum

Finance teams planning for their year-end financial statement audit have an even longer list of things to think about at the end of the year, including income statements, balance sheets, and, finally, the income tax provisions and disclosures that must be presented in the financial statements.

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Aprio Releases 2024 End-of-Year Tax Update

CPA Practice

Aprio , a top 25 business advisory and accounting firm, has released its 2024 End of Year Tax Update , highlighting 2024 tax updates and factors that will significantly impact tax planning for 2025 and beyond. corporation in these transactions, helping to prevent double taxation or loss of basis.

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