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How to Plan for Global Tax Minimization

Cherry Bekaert

blocker corporations for U.S. individual taxpayers and partnerships began following the Tax Cuts and Jobs Act of 2017, when the corporate income tax rate was reduced from 35% to 21%. This made the corporate tax rate significantly less than the maximum individual tax rate of 37%. tax return.

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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 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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Fuel Up the Bus, PwC Australia Has Named and Shamed Eight Partners Tied to the Tax Leak Scandal

Going Concern

” “Today’s announcement is the latest in a series of actions that PwC Australia has taken over the past several weeks to take accountability, reshape the firm’s culture, and most importantly, re-earn trust with its stakeholders,” it said. This enabled poor behaviours to persist with no accountability.

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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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FAQs on Tax Treatment for COVID Relief Programs

Withum

Q5: How is PPP loan forgiveness reported on S corporation tax returns – AAA or OAA? A5: The draft instructions to IRS Form 1120-S (released December 22, 2021) provide that the PPP tax-free income and the expenses giving rise to forgiveness in the Other Adjustments Account (OAA), and not in the Accumulated Adjustment Account (AAA).

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