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Understanding depreciation and its impact on corporate tax

ThomsonReuters

Jump to: How does depreciation affect corporation taxes? Accelerated depreciation for corporations How does depreciation work in an S corporation? What is the depreciation guidance for corporate alternative minimum tax? In short, depreciation can result in a reduction in corporate taxes.

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4 Accounting Transactions that Use Journal Entries and How to Enter them in QBO

Ronika Khanna CPA,CA

Accounting software has come a long way in the past few years. Although a good bookkeeper can be invaluable, It has become fairly easy for business owners and their support staff to take on the responsibility of entering day to day transactions while they employ accountants for the more complex aspects of their accounting and tax.

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Finding Your Financial Compass: Why Small Businesses in Los Angeles Thrive with Specialized Tax and Accounting Support

MyIRSRelief

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

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How the Inflation Reduction Act Impacts Corporate AMT and Bonus Depreciation

CPA Practice

Unless the IRS specifies otherwise, it remains an applicable corporation.  The new corporate AMT applies a 15 percent tax to a company’s  adjusted financial statement income  (AFSI). He is responsible for Bloomberg Tax & Accounting’s corporate tax products, including Fixed Assets.

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Navigate tax season with these resources for accountants

ThomsonReuters

Tax and Accounting professionals, listen up! Aren’t you tired of spending countless hours pouring through textbooks and internet searches trying to find the latest tax laws? Enter: Thomson Reuters Tax Season Toolkit. Make life easier and help you stay ahead of the game with the Tax Season Toolkit.

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How Much Is a Tax Consultant?

xendoo

How Do Tax Advisors Set Their Prices? A tax consultant will charge a fee based on different factors. The National Society of Accountants (NSA) reports that tax consultants typically charge between $176 and $457. It may cost more if you are filing more complex and specialized tax forms. Complexity of Services .

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The Best Small Business Bookkeeping Solutions

xendoo

As a small business owner, your time is best spent on the revenue-generating features of your business— not hunched over a computer screen scrolling through QuickBooks! . What should you look for in an accounting or bookkeeping service? Today, we’ll highlight five of the best small business bookkeeping service solutions.