Remove accountant Remove income tax Remove tax planning Remove Texas
article thumbnail

Maximizing Profits Through Proper Tax Planning

MyIRSRelief

With more than 30 million small businesses in the US, effective tax planning is essential to maximizing profits and minimizing taxes, keeping more of what is earned, and lowering your taxes for the future. You can contribute to HSAs from your current income. And the account itself will continue to grow tax-free.

article thumbnail

2022 Year-End Tax Planning Checklist

Withum

Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Postpone income until 2023 and accelerate deductions into 2022. Estate Tax Planning. Tax-Advantaged Accounts. To give or not to give?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Tale of Two Pitchers

Withum

On December 2nd, 2022, long-time Met’s pitcher Jacob deGrom signed a 5-year contract worth $185 million with the Texas Rangers. The ace of the Mets pitching staff, who had been a lifelong Met, had decided to head to Texas for what he called a “winning culture” and likely tax savings. 1 million of taxes.

Texas 122
article thumbnail

Professionals on the Move – August 2023

CPA Practice

Professionals on the Move is a round-up of recent hiring and promotion announcements from across the accounting space. He provides accounting and assurance services to both public and privately held companies, primarily those within the construction and manufacturing sectors. Deatrick joined the firm in 2009.

article thumbnail

Professionals on the Move – January 2023

CPA Practice

Professionals on the Move is a round-up of recent hiring and leadership announcements in and around the accounting profession. Her experience includes helping claim tax credits for clients of all sizes, from startups to Fortune 500. 1, 2023.

article thumbnail

The Canadian Revenue Agency Has No Love For Toronto Blue Jays Players’ Retirement Strategies

Going Concern

I mean, let’s face it, his blast against the Texas Rangers in the 2015 American League playoffs is the stuff of Canadian legend. The former slugger, along with former Blue Jay teammates Josh Donaldson and Russell Martin, is embroiled in a cat fight with the Canada Revenue Agency (CRA) over millions of dollars in taxes.

article thumbnail

10 Tips on How To Avoid Paying Taxes in 2022 Legally

LyfeAccounting

Did you know that some countries have zero income taxes? If you use places like Dubai, Monaco, or the Bahamas as your primary residence then you don’t have to pay any taxes. Well, there are other states that give you great tax benefits as well. Tip #5: Max Out Your Retirement Accounts.

Legal 59