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Your Estate Plan: Don’t Forget About Income Tax Planning

RogerRossmeisl

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. Beginning on January 1, 2026, the amount is due to be reduced to $5 million, adjusted for inflation.

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It’s Time for Your Small Business to Think About Year-End Tax Planning

RogerRossmeisl

For example, you could pull income into 2024 to be taxed at lower rates, and defer deductible expenses until 2025, when they can be claimed to offset higher-taxed income. Here are some other ideas that may help you save tax dollars if you.

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Survey: Over Half of Accounting Firms Plan to Increase Fees in 2025

CPA Practice

Accounting and Tax Pricing Benchmark report from Ignition, which surveyed 345 owners and decision-makers in accounting firms, adds that most firms are planning to increase fees across services by 5% or 10% in 2025. Key findings include: 57% plan to increase fees across all services.

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BOI Reporting Is Back — Most Filings Now Due January 13, 2025

Nancy McClelland, LLC

Specifically: * Companies created or registered prior to January 1, 2024 have until January 13, 2025 to file. Companies created or registered on or after September 4, 2024 that had a filing deadline between December 3, 2024 and December 23, 2024 have until January 13, 2025 to file. What are my options?

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Dealer Vision: Winter 2025

Withum

Rev up for the Winter 2025 issue of Dealer Vision ! Read Full Article Tax Planning Strategies for Car Dealerships: Cost Segregation Authored by: Martin Harski , Principal Owning a car dealership can present a golden opportunity to reduce your tax liabilities.

CPA 72
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Top Remote Tax and Accounting Candidates of the Week | May 29, 2025

Going Concern

TAX & ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #24291524 Education: BA Accounting and Finance Experience (years): 16+ years of accounting, audit and tax experience Work experience (detail): All in public accounting Preparation and review of tax returns Tax planning, research, projections and estimates Full cycle accounting through (..)

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Top Remote Tax and Accounting Candidates of the Week | May 1, 2025

Going Concern

The post Top Remote Tax and Accounting Candidates of the Week | May 1, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.