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.

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Tax income tax Non-Profits Education 120

ThomsonReuters

MARCH 9, 2023

In this post, we will highlight 3 of our top resources included in our Tax Season Toolkit : Year-End Tax Planning for individuals and businesses, How APIs can help transform your practice, and a Case Study detailing how GoSystem Tax RS and GoFileRoom helped a firm. What’s new? •

Tax 59

Tax Account accountant accounted 59

MyIRSRelief

DECEMBER 10, 2021

Back in 2017, there was a $10K ceiling placed upon what was previously an unlimited SALT deduction, which was made available for tax years which began in 2018 onwards, through to 2025. This particular $10K ceiling tax plan was signed by former US President Donald Trump, when he was in office in 2017.

Tax 100

Tax income tax tax planning tax return 100

Menzies

AUGUST 1, 2023

As taxpayers, it is vital to plan and take proactive measures to safeguard their financial wellbeing. This must take place no later than 28January 2025. Consequently, their global income and gains would fall under UK taxation whilst potentially becoming exposed to inheritance tax on assets held abroad.

chartered accountant 52

chartered accountant Education Tax accounting and finance 52

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.

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Account accountant accounted Technology 111

ThomsonReuters

OCTOBER 19, 2022

FTC coverage begins at A-8900 Corporate alternative (book) minimum tax. Client Letter: 2150 Corporate Alternative Minimum Tax for Tax Years beginning on or after Jan 1.2023. PPC Tax Planning and Advisory Guide: Closely-Held C Corporations, Section 600 Introduction to the Corporate Alternative Minimum Tax (AMT).

Kansas 64

Kansas income tax Kentucky Tax 64

ThomsonReuters

SEPTEMBER 7, 2023

However, expenses related to education or overnight camps generally do not qualify. Generally, it is more advantageous to use a dependent care assistance program for dependent care expenses as it provides tax savings at the time of contribution. As such, it is important to evaluate your client’s tax filing status.

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Tax income tax tax preparation tax return 52

CPA Practice

OCTOBER 18, 2023

If we do traditional Euclidean geometry, you might remember from your education, this shortest distance between two points is a straight line. 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. But now, think about quantum powered AI doing that.

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Technology Account accountant accounted 127