2027 Government income tax tax preparation 
ThomsonReuters
JULY 21, 2025
For tax professionals, this is a key moment to reassess strategies, implement new tools, and maximize your clients’ tax savings. When the federal government enacts a tax provision, states must decide whether (or how) to incorporate it. State c onformity and d ecoupling t rends SALT policy shifts have a ripple effect.
CPA Practice
NOVEMBER 7, 2024
QuickBooks Sole Trader allows customers to manage receipts, mileage, expenses, bank transactions and invoices in one place, or via the mobile App, for a holistic view of their finances, whilst simplifying income tax preparation. million sole traders and landlords are set to be affected by MTD for Income Tax.
Cherry Bekaert
NOVEMBER 28, 2023
Other states allow the pass-through entity owners to reduce their state taxable income by the amount of income previously reported and taxed by the pass-through entity. 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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