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5 Critical Questions to Ask Your Accountant About Tax Planning BEFORE Tax Season

CTP

The General Accounting Office estimates that Americans over-pay their taxes by almost a billion (yes, that’s billion) dollars each year! That’s why tax planning is gaining in popularity. Some obvious reasons are mistakes or oversights on their tax returns. Have you received specific training in tax planning?

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What is tax advisory?

ThomsonReuters

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable.

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How the Inflation Reduction Act Impacts Corporate AMT and Bonus Depreciation

CPA Practice

The new corporate AMT applies a 15 percent tax to a company’s  adjusted financial statement income  (AFSI). AFSI is a company’s net income or loss reported on its applicable financial statements (AFS), such as a Form 10-K filed with the SEC, including tax and accounting adjustments.

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Tax Problem Resolution in the Inland Empire, CA

MyIRSRelief

Why Focus on Tax Services in the Inland Empire, California? Tailored tax services in this region help businesses and individuals navigate complex tax landscapes effectively. Advantages of Local Tax Services: Local Expertise: Understanding of specific state and local tax laws.

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Friday Footnotes: Opinions!; EY’s Blockchain Aspirations; KPMG Junior Reprimanded | 9.30.22

Going Concern

Partners at Deloitte in the UK and Switzerland will receive an average income of more than £1m each for the second year in a row, after the accountancy firm enjoyed another successful year. Years-long trend of consolidation reaches city’s largest accounting firms [ Crain’s New York Business — subscription ]. Firm Watch.

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How Stage 1 Financial Taps Automation to Help Startups Wrangle Tax Complexity

CPA Practice

To help manage these processes, they often turn to a certified public accountant, a technology they can use in-house, or both. These processes often include accounting and CFO services, financial planning, transaction services, corporate tax compliance and, increasingly, state and local tax compliance, including sales and use tax reporting.

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Friday Footnotes: EY Buffs PE Practice; A Thirst for Integrity; “Everyone Feels KPMG Is 4th” | 6.10.22

Going Concern

This time, however, the statement goes further in describing both the application of the general independence standard and common recurring issues from auditor independence consultations with the Office of the Chief Accountant (“OCA”). accounting firm is not prohibited by a White House executive order regarding U.S.

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