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Understanding Estate Planning Will Help Limit Your Tax Liability

CPA Practice

By Tylor Willis, CFP, The Kansas City Star (TNS) Most of us want to preserve or grow our wealth. One crucial aspect of wealth management is creating a holistic financial plan that includes your estate and tax strategy. ©2023 The Kansas City Star. Here are four strategies to consider adding to your financial plan.

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What’s Hot on Checkpoint for Federal & State Tax Professionals?

ThomsonReuters

In this edition, we take a look at the recently enacted corporate alternative (book) minimum tax; new elections to convert credits to cash or tax payments; changes to the electric vehicle credit; recent legislation in Kansas, Kentucky, and Missouri; and state taxation of forgiven student loans.

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Friday Footnotes: A Billion Dollar AI Audit Startup; Oops, All Independence Violations!; Bipartisan Tax Vote | 2.2.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. But the challenges she is facing defy simplicity.

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Friday Footnotes: Anyone Wanna Work in Hollywood?; Profit-Hungry CEOs Love Gen AI; KPMG’s SF Future | 1.19.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. And take our 2024 Predictions for the Accounting Profession survey ! Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

Tax credits State legislators are looking to offer businesses tax incentives for certain benefits to employees. The post Trendspotting: Top Ten Payroll Issues of State Legislatures appeared first on Tax & Accounting Blog Posts by Thomson Reuters. per hour by 2027. The state has two minimum wage bills.

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Lodging Tax Insanity — So Many Ways to Tax Accommodations

CPA Practice

But when it comes to lodging taxes, marketplace facilitator laws can be confoundingly … confounding. The department’s list of jurisdictions with a room tax is 66 pages long, and it may not account for every jurisdiction with a municipal room tax. Gail Cole is a senior writer at Avalara.

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How Online Sales Tax Impacts Different eCommerce Models

PYMNTS

States can now tax sales by companies that do not have a physical presence within the state. One state might tax a product that another excludes from levies, for example, and not all states offer the same small business tax exemptions. Will this increasingly regulated online sales tax environment affect this growth?