CPA Practice

DECEMBER 21, 2023

Recent tax changes coupled with the potential for an economic slowdown have made it even more critical for companies and individuals to make smart decisions on investments and financing. Tax-planning considerations for individuals 1. Leverage retirement account tax savings. Energy credits. Consider timing.

tax planning 59

tax planning Tax Real Estate accounting and finance 59

CPA Practice

JUNE 1, 2023

The personal finance equivalents tend to go like this: “Save 15% of your pay. None of this common knowledge applies to actually getting your money out of your retirement accounts. In the next few paragraphs, I’m going to outline a standard withdrawal order for which of your accounts to withdraw from and when.

Account 116

Account accountant accounted accounting and finance 116

CPA Practice

OCTOBER 5, 2023

A tax puzzle emerges with, sometimes, very favorable, or very unfavorable, results. The fourth quarter is for tax planning, not tax reporting. I realize that I’m in the minority in thinking that tax planning is fun. When you retire, your taxable income, and thus your tax rates, fall.

Tax 111

Tax income tax tax planning accounting and finance 111

Going Concern

MAY 26, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Among them was the Employee Retention Credit, a tax benefit that was created as part of the initial $2 trillion pandemic relief legislation. Have a safe Memorial Day.

public accounting 87

public accounting Account accountant accounted 87

CPA Practice

DECEMBER 19, 2023

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. In addition, incorporating, of course, establishes their legal separation from the business’s liabilities sooner, which protects their personal finances from the business’s debts.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

Going Concern

JULY 24, 2023

The probe was set up after the PwC tax leak scandal in which a partner marketed confidential information about government tax plans to clients. Steven Wasserman wants everyone to know that the accountant shortage isn’t limited solely to accounting firms. In 2018, we switched accounting firms.

Account 52

Account accountant accounted Hawaii 52

CPA Practice

MAY 10, 2024

Wolters Kluwer announces two senior executive appointments ­­­­Wolters Kluwer, a global leader in information, software, and services for professionals, recently announced Atul Dubey as General Manager of its Finance, Risk and Regulatory Reporting (FRR) business, part of its Corporate Performance & ESG (CP & ESG) division.

Tennessee 64

Tennessee audit New York income tax 64