CPA Practice

JANUARY 22, 2024

Networking is essential for every accountant, and in the digital age, it’s easier than ever to make valuable connections in the field. For example, maybe you can work with a financial planner to host a tax planning workshop and share your knowledge. Over 70% of B2C marketers leverage content marketing. billion in assets.

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Account accountant accounted B2C 69

CTP

NOVEMBER 9, 2023

Planning for retirement also means planning for retirement income taxes. Creating a tax plan for retirement will ultimately allow you to spend less money on taxes and put more toward the lifestyle you want. Taxable non-retirement investments or brokerage accounts. Pre-tax retirement funds.

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Tax income tax tax planning tax accountant 52

CTP

NOVEMBER 2, 2023

As people explore their options for retirement income, they don’t always take into consideration the tax implications. The percentage of your retirement income that gets redistributed to taxes could considerably impact your quality of life during retirement—if you don’t have a plan in place. Investing for Income.

Tax 52

Tax tax planning Real Estate Sales 52

CTP

JUNE 24, 2022

As part of the tax planning process, business owners looking to sell their S corporation first need to establish whether they are selling the stock or the assets of the business. What is the difference from a tax perspective? The AAA balance is the undistributed net income of the S corporation.

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Tax Non-Profits tax planning Sales 98

CTP

JULY 20, 2023

Timing is the key to long-term investment success, especially because timing can have a dramatic impact on tax consequences for investment activities. If your investment is successful, at some point you will have to pay taxes on any capital gains—the profit you make from selling a property or investment.

Tax 52

Tax income tax tax planning Sales 52

CTP

NOVEMBER 23, 2023

One of the hidden benefits of setting up your business as a partnership is the ability to use special tax allocations. Because a partnership is a pass-through entity, income, losses, credits, and deductions “pass through” to the business owners who are taxed at personal income tax rates. What is substantial economic effect?

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Tax tax return income tax tax planning 52

CTP

APRIL 29, 2022

One of the many benefits of working with a tax professional is the guidance they provide in developing tax return positions that substantiate why certain income qualifies for tax-exemption or why you are eligible for a certain tax deduction. This is actually a lower standard than some may assume.

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tax preparation Tax tax return cpas 52

CTP

APRIL 15, 2022

As news headlines proclaim stories of tax fraud, taxpayers may wonder how they can trust that their tax preparer is abiding by ethical practices. Fortunately, the Treasury Department provides a resource that regulates practice before the IRS for certified public accountants (CPAs), attorneys, and enrolled agents. Surely not!

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tax preparation Tax tax return tax planning 52

CTP

JUNE 10, 2022

This can lead to overlooking one key part of the sales process: tax planning. The decisions you make in structuring the sale will have a direct effect on later tax implications and how much of a profit you actually end up making. An S corporation might have accounts receivable, notes receivable, or tax receivable.

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Sales Tax income tax tax return 52

FusionCPA

SEPTEMBER 27, 2020

It combines e-commerce, CRM, Financials, Advanced Reporting, warehouse management, global business management (ideal for international taxes), human resource management, and more! Come tax season, if these systems are not precisely maintained, you may have a mess on your hands. Ecommerce businesses need more than a website.

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NetSuite E-commerce B2C tax planning 52

CTP

NOVEMBER 25, 2022

Those figures do not account for the income students lose when attending college full-time. But it’s not by sticking your savings in a low-interest savings account. We’re tax advisors. So, not surprisingly, we’re going to tell you about the most tax-advantageous way to start saving for college. Why a 529 Savings Plan?

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