Withum

APRIL 8, 2022

The current House Bill would increase the required minimum distribution age to 73 starting on January 1, 2023, and further increase the age to 74 beginning on January 1, 2030, and 75 starting on January 1, 2033. If the House Bill is passed, a careful review of one’s retirement portfolio should take place with their financial and tax advisor.

income tax 75

income tax Start-ups Tax Maine 75

Going Concern

SEPTEMBER 27, 2024

Eighty-six percent of controllers believe their role will change “dramatically” by 2030, according to a report by Big Four firm Ernst & Young released Wednesday. The firms are the following: Accell Audit & Compliance, P.A.

audit 105

audit auditor accounting and finance accounting firms 105

Withum

MAY 13, 2025

However, this could be adjusted upon Senate review, as the Senate adjusted a similar provision under the Tax Cuts and Jobs Act, limiting adjusted taxable income to EBIT for certain years. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team.

Tax 122

Tax income tax Real Estate tax return 122

Withum

MAY 13, 2025

However, this could be adjusted upon Senate review, as the Senate adjusted a similar provision under the Tax Cuts and Jobs Act, limiting adjusted taxable income to EBIT for certain years. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team.

Tax 96

Tax income tax Real Estate tax return 96

Withum

FEBRUARY 26, 2025

In the last few years, we have also seen a reduction in corporate income tax rates in 13 states. Georgia, Idaho, Kansas, Missouri, North Carolina, Oklahoma, Pennsylvania, and Utah have lowered their flat income tax rates, with North Carolina moving to a 0% rate by 2030. appeared first on Withum.

income tax 80

income tax North Carolina Idaho Indiana 80

Withum

JUNE 20, 2025

While the House bill only provided 100% bonus depreciation to occur through January 1, 2030 (with the exception of an additional year for property with longer production periods or certain aircraft), the Senate bill provides that 100% bonus depreciation be made permanent.

Maine 82

Maine Tax tax return income tax 82