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IRS Cuts PTIN Fees for 2024

CPA Practice

United States earlier this year that the IRS charged excessive fees from 2011 to 2017 for tax preparers to apply for or renew their PTINs and ordered the IRS to refund any fees that exceeded the agency’s expenses. contractor fee may change in 2026 when the current contract expires and will be recomputed, according to the IRS.

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Small Business Tax Rates in New Hampshire

Steve Feinberg

Recently, New Hampshire voters decided to phase out the Interest and Dividends (I&D) Tax starting at 4% for taxable periods ending on or after December 31, 2023, 3% for taxable periods ending on or after December 31, 2024, 2% for taxable periods ending on or after December 31, 2025 and 1% for taxable periods ending on or after December 31, 2026.

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How Your Small Business Can Prepare for Florida’s Minimum Wage Increase

xendoo

per hour by 2026, with the door open to possible increases in the years after that. hour on September 30, 2026. . hour on September 30, 2026. We can also help you with your Florida tax preparation , helping you to navigate the laws and changes that are likely to come your way in the immediate future.

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Upcoming Tax Issues Facing Dealerships That Need To Be Addressed Now

Withum

However, the exemption is set to return to $6 million per individual ($12,000,000 for married couples) starting in 2026. The IRS has provided favorable guidance that they generally will not claw back or limit any tax planning that took advantage of the increased $12.92 million, provided it was performed prior to the 2026 taxable year.

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Monday Morning Accounting News Brief: Semper Fi-nancial; EY Gets a D in Auditing; Deepfake CFOs Are a Thing | 2.26.24

Going Concern

PwC Australia emergency CEO Kevin Burrowes will stay on to 2026 : Kevin Burrowes, the senior partner brought in by PwC global to take control of the scandal-hit Australian firm, has had his leadership term extended until 2026. Aaaaand now there’s one less tax preparer in Florida to handle the load.

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2023 Year-End Tax Planning Strategies for Businesses

Cherry Bekaert

The company should confirm the amount of estimated taxes already paid in 2023 and plan cashflow needs for fourth quarter 2023 estimates, extension payments and first quarter 2024 estimates. Looking forward, companies should begin to plan for the sunset of many tax provisions in the Tax Cuts and Jobs Act (TCJA).

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Opportunity Zones and Cost Segregation

KROST

In a Qualified Opportunity Fund, there are three tax incentives for reinvesting capital gains which are significantly different than the 1031 exchange incentives: Recognition of capital gains are deferred until the Qualified Opportunity Fund is sold or exchanged or December 31, 2026, whichever occurs earliest.