RogerRossmeisl

JULY 16, 2022

Before 2011, a much smaller amount resulted in estate plans attempting to avoid it. Now, because many estates won’t be subject to estate tax, more planning can be devoted to saving income taxes for your heirs. 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

CPA Practice

DECEMBER 14, 2023

The Financial Accounting Standards Board ( FASB ) has issued an Accounting Standards Update (ASU) that addresses requests for improved income tax disclosures from investors, lenders, creditors, and other allocators of capital (collectively, “investors”) that use the financial statements to make capital allocation decisions.

income tax 110

income tax Tax accounting standards financial statements 110

Withum

JANUARY 2, 2024

Pennsylvania Senate Bill 815, signed into law on December 14, 2023, amended the Pennsylvania tax code to recognize irrevocable grantor trusts for tax years beginning after January 1, 2025. These transactions will now be disregarded for Pennsylvania income tax purposes as well.

Pennsylvania 78

Pennsylvania income tax Tax tax return 78

Anders CPA

APRIL 23, 2024

Most of the tax changes made by the TCJA are set to sunset or revert to their previous state at the end of 2025. In the meantime, taxpayers should be aware of the potential tax implications of the sunset and plan accordingly with an advisor. million to $11.2 million to $11.2

Tax 52

Tax income tax tax planning CPA 52

CPA Practice

MAY 9, 2024

That puts a massive price tag on what is likely to be a top issue in Washington next year as lawmakers grapple with the future of Trump’s tax cuts, which are slated to expire at the end of 2025. Extending the personal income tax cuts will cost $3.8 Extending the personal income tax cuts will cost $3.8

Tax 98

Tax Washington income tax corporation tax 98

CPA Practice

OCTOBER 5, 2023

It’s time to gather everything, fill out a painful spreadsheet and write a check to my CPA. A tax puzzle emerges with, sometimes, very favorable, or very unfavorable, results. The fourth quarter is for tax planning, not tax reporting. I realize that I’m in the minority in thinking that tax planning is fun.

Tax 111

Tax income tax tax planning accounting and finance 111

CPA Practice

MAY 13, 2024

“Instead of a Biden tax hike, I’ll give you a Trump middle class, upper class, lower class, business class big tax cut,” Trump said at a rally Saturday in Wildwood on the New Jersey shore. Trump’s comments on Saturday shed some more light on his emphasis on cutting taxes across the board, including for top earners and businesses.

Tax 52

Tax New Jersey income tax tax planning 52