Menzies

MAY 11, 2023

Menzies LLP - A leading chartered accountancy firm. You have identified the new piece of equipment your business needs, it’s worth pausing to consider the best way to structure the purchase and tax can play an important role in the determining the best option for your business. – Equipment purchasing – what do you need to know?

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Inform Accounting

APRIL 28, 2022

This can be an easy source of finance, and also one that can be tax efficient as, if you time it correctly, it is possible to borrow up to £10,000 for up to 21 months tax-free. However, there are tax consequences if the loan remains outstanding nine months and one day after the end of the accounting period in which it was made.

corporation tax 52

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DMCL

JANUARY 31, 2020

He provides accounting, assurance, taxation and business advisory services to owner-managed businesses, not-for-profit organizations and individuals. Aaron will now fully oversee all administration aspects of the firm, including but not limited to: Finance, Human Resources, and Information Technology.

cma 52

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Wellers Accounting

JANUARY 22, 2024

Tom Biggs explains the various end of tax year considerations, and strategies, that form effective tax planning to potentially reduce your liability.

Tax 52

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xendoo

FEBRUARY 15, 2022

If you own a business or earn a significant income, you may be wondering how to manage your tax situation and how much a tax consultant costs. There is a lot to consider when weighing the costs and benefits of hiring a tax consultant. A tax consultant can help with any of these issues. What Does a Tax Consultant Do?

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Withum

APRIL 5, 2023

The magical application of Section 1202 for C corporation shareholders seems too good to be true, with millions of tax dollars being saved. The C corporation shareholder can benefit not only from a reduced 21% corporate income tax rate, but the 1202 exclusion on the sale of their stock as well.

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ThomsonReuters

MAY 15, 2024

These disruptions have a significant impact not just on logistics and delivery times, but also on corporate tax implications. Understanding the interplay between these factors is crucial for tax and trade professionals across multinational corporations.

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KROST

DECEMBER 14, 2021

Currently, under IRC Section 280C, the research credit determined for the tax year reduces IRC Section 174 expenditures unless an election is made to reduce the credit by the maximum applicable corporate tax rate (currently 21%). Learn more about Research & Development Tax Credit ». Read the full Technology Issue ».

Tax 52

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LyfeAccounting

NOVEMBER 9, 2020

In this post, I’m going to explain all of the tax benefits related to LLCs. It is not meant to take the place of legal and accounting advice specific to your business. The tax loopholes associated with LLCs. If your tax rate is 25%, then you would only pay $25,000.00 in taxes as a LLC.

Tax 52

Tax CPA tax return accounting and finance 52

Withum

NOVEMBER 17, 2022

Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Doing so may enable you to claim larger deductions, credits, and other tax breaks for 2022 that are phased out over varying levels of adjusted gross income (AGI). million in 2023).

tax planning 98

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LyfeAccounting

MAY 18, 2021

7 Tax Mistakes Business Owners Make. Tax Mistake #1: Not having a separate bank account. The first tax mistake that we see new business owners make is not having a separate bank account for just their business. You can open a business account at any major banking institution. Tax Mistake #5: Filing late.

Tax 52

Tax tax return accounting and finance Real Estate 52

LyfeAccounting

APRIL 22, 2021

For instance, in Georgia alone, where LYFE Accounting is headquartered, the State provides an enormous amount of credits to help and encourage entrepreneurs to start a business and create jobs. In 2019, Amazon broke its streak of paying $0 Federal taxes and actually owed money to the federal government. In reality, they actually are!

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SingleTrackAccounting

MAY 13, 2021

The new presidential administration has proposed a large new tax bill to offset other priorities such as improving infrastructure, funding the American Rescue Plan, combating employment inequality and tackling climate change. These are expected to be financed with increased taxes targeted at high income brackets and corporations.

Tax 52

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Going Concern

MAY 25, 2022

As a website that has lurked in the shadows of the public accounting industry for nearly 13 years, we’ve seen and heard our fair share of stories about how toxic , uncomfortable, and cult-ish working at a Big 4 firm and other top mid-tier firms can be. According to its website , ZMFF&J specializes in tax planning and litigation. “We

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LyfeAccounting

NOVEMBER 4, 2020

C-corporations are required to pay corporate tax on the profits of the business. Currently, the corporate tax rate is 21%. Shareholders only pay tax if they receive dividends from the corporation which would be calculated on their individual tax return. Not to be confused with 1120S.

business tax 52

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ThomsonReuters

MARCH 2, 2021

The disruptions of 2020 — a pandemic, related regulatory changes, a remote workforce — have changed the business and tax landscape. Decide whether to buy or build your tax data software. You can integrate tax data software with an ERP system and you gain control over your tax planning and obligations with up-to-date and accurate data.

Tax 52

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LyfeAccounting

OCTOBER 29, 2020

?. President Trump vs Biden Tax Plan. With the US presidential election is right around the corner, and since we’re an accounting firm that loves taxes, it’s only right that we make a post discussing President Trump’s Tax Plan vs Former Vice President Joe Biden. What an Effective Tax System Looks Like.

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