CPA Practice

DECEMBER 14, 2023

“It requires enhanced disclosures primarily related to existing rate reconciliation and income taxes paid information to help investors better assess how a company’s operations and related tax risks and tax planning and operational opportunities affect the company’s tax rate and prospects for future cash flows.”

income tax 110

income tax Tax accounting standards financial statements 110

Nancy McClelland, LLC

JANUARY 10, 2023

One of my favorite presenters — Tom Gorczynski — is giving a free webinar in conjunction with RCReports (one of my favorite apps), and CPA Academy (one of my favorite education platforms) this Thursday, January 12 (to repeat on Thursday, February 2), on Section 199A and how it interacts with Reasonable Compensation requirements.

Education 52

Education CPA tax planning Tax 52

Anders CPA

SEPTEMBER 20, 2023

Several of the provisions won’t take effect until 2024 or 2025. Before making any changes to your retirement savings plan, consult with a tax or financial advisor to ensure you’re selecting the best possible options for your specific situation and retirement strategy. have gone into effect. have gone into effect.

Tax 52

Tax Start-ups tax planning CPA 52

KROST

JANUARY 25, 2021

Business owners should watch out for this or speak to their CPA or accountant for more information. The Tax Cuts and Jobs Act (TCJA) allowed a real property trade or business to elect out of the limitation on the deduction for business interest expense. New Markets Tax Credit. It is extended through December 31, 2025.

Real Estate 92

Real Estate CPA Tax public accounting 92

Withum

MAY 4, 2022

As different factors will play a role in businesses considering making elections into entity-level taxes, it is crucial that all the various considerations are modeled out. With proper planning and implementation, PTET elections can be a valuable state tax planning strategy. State and Local Tax Services.

income tax 112

income tax New York Tax New Jersey 112

CPA Practice

SEPTEMBER 18, 2023

The idea behind Roth conversions is to take money from a tax-deferred IRA, pay taxes on that amount at your ordinary income rate and convert that money into a Roth IRA. By doing this, you’ll be clear of future taxes on the amount you converted, and the money you put in grows tax-free for your lifetime!

Tax 119

Tax income tax Non-Profits tax planning 119

Withum

FEBRUARY 26, 2024

Journal entry approval Tax Updates for Dealers Always a well-attended session is the tax update, where accountants and CFOs alike look to kick tax planning into gear for the upcoming year. The ability to make Employee Retention Credit claims is currently scheduled to expire as of April 15, 2025.

cpas 52

cpas Tax Start-ups Sales 52

Going Concern

MAY 26, 2023

Instead, it has become a magnet for fraud, creating a cottage industry of firms that market themselves as tax credit specialists who can help clients — even those who don’t actually qualify for the money — reap huge refunds from the I.R.S. “It’s going to continue to be really hard to attract people and get them into new jobs.”

public accounting 101

public accounting Account accountant accounted 101

CPA Practice

JANUARY 24, 2024

It is lawmakers’ hope that these enhancements allow small businesses to offer a plan (and boost tax savings) when they otherwise could (or would) not. Auto-Enrollment Requirement for New Plans Secondly, starting in 2025, SECURE 2.0

Tax 52

Tax Non-Profits business tax tax return 52

CPA Practice

JUNE 16, 2023

By Martin Schamis, CFP, Kiplinger Consumer News Service (TNS) The Tax Cuts and Jobs Act (TCJA) of 2017 is currently scheduled to sunset at the end of 2025, meaning significant changes are on the horizon for taxpayers. 31, 2025—at which point they will revert to pre-TCJA levels. million to $11.2 31, 2021.

Tax 119

Tax income tax Non-Profits Education 119

CPA Practice

MARCH 16, 2023

This change essentially allows individuals to keep more of their savings invested for a longer period of time and lengthens the timeframe to convert tax-deferred assets to tax-free assets using options such as a Roth IRA. It’s also important to note that in 2025, the Secure Act 2.0 million for couples free of gift taxes.

Tax 103

Tax Non-Profits tax planning Account 103

CPA Practice

OCTOBER 18, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss how a new generation of computing will impact accounting firms. Now, I’m thinking that that 2029 date is late, I’m thinking we’re gonna see some of this first breakage occurring in 2025 and 2026. Use the podcast player below to listen. 10 seconds to the time stamps below.)

Technology 126

Technology Account accountant accounted 126

CPA Practice

MARCH 12, 2024

Arvo Tech , a maker of tax strategy solutions for small businesses, is acquiring Mark Murphy and Associates and Lee and Associates, full-service accounting firms dedicated to helping companies maximize their financial futures. Given these factors, it is critical that small businesses develop a more comprehensive tax strategy.

accounting firms 52

accounting firms Technology Finance Account 52

SkagitCountyTaxServices

NOVEMBER 16, 2023

owner=19530343 There is still some budget discussion in Congress for the new fiscal year, which could include some tax provisions, as several tax changes introduced by the Tax Cuts and Jobs Act are set to end in 2025. There are also recent and developing tax legislation changes that affect that advice.

Tax 79

Tax Start-ups Government tax planning 79

Ryan Lazanis

APRIL 10, 2022

For example, tax planning experts have long been in high demand. But Blue J Legal helps to close this technology gap by providing software powered by artificial intelligence which predicts the outcome of tax plans. The online education market is exploding and is expected to hit $350B globally by 2025.

Account 111

Account accountant accounted Technology 111

Anders CPA

NOVEMBER 22, 2022

Current Income Tax Rates at Historic Lows. The Tax Cuts and Jobs Act of 2017 introduced historically low income tax rates, but the law is set to sunset on December 31, 2025. Contact an Anders advisor below for assistance with year-end planning. Market is Low. CONTACT ANDERS.

Tax 98

Tax income tax tax planning CPA 98

CPA Practice

JUNE 20, 2023

The current child tax credit, which expires after 2025, is available at the full amount for married couples filing jointly who earn up to $400,000, and for individuals who earn up to $200,000; above those thresholds, it phases out at a rate of 5 cents for each dollar. Ways and Means Chairman Jason Smith, R-Mo.,

Tax 52

Tax Connecticut Ohio income tax 52