Accounting Insight

JULY 18, 2025

Early signals suggest that the upcoming Budget, expected in late October or early November, will avoid headline-grabbing tax rate increases but may rely instead on less visible means of raising revenue. One of the most likely measures is a further extension of the freeze on income tax thresholds.

Agriculture

Accounting Today

JULY 15, 2025

If youre in solar or wind and you want the [Investment Tax Credit], that basically means you have to have whats called the beginning of construction by July 4, 2026. All rights reserved. It specifically excludes electric production, so wind and solar do not qualify here.

Tax

Churchill-Knight

OCTOBER 30, 2024

Income Tax The rates of Income Tax and National Insurance paid by employees will remain the same. Income Tax band thresholds will be unfrozen in 2028 to prevent people from being dragged into higher tax bands as their wages rise, and they will rise in line with inflation. billion over five years.

income tax

Wellers Accounting

FEBRUARY 21, 2025

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

Tax

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. Postpone income until 2023 and accelerate deductions into 2022. Specifically targeted industries, such as technology, manufacturing, agriculture, or film.

tax planning

MyIRSRelief

APRIL 22, 2024

Discuss Payment Options: If you owe taxes, discuss payment options with your advisor. Form 941 is used by employers to report income taxes, social security tax, or Medicare tax withheld from employees’ paychecks. Problems with payroll taxes are serious and require immediate attention.

Tax

CPA Practice

JANUARY 23, 2023

Almost all states have seen their budget surpluses grow in the past two years, thanks to federal COVID-19 relief funds and increasing corporate tax revenues as the economy recovers from the pandemic. Grocery taxes that remain are “there for a reason. I couldn’t go to a meet-and-greet where the grocery tax didn’t come up.”

Idaho