CTP

OCTOBER 2, 2023

Yet every year countless taxpayers overlook money-saving opportunities in the form of tax credits. Claiming tax credits is a surprisingly underutilized strategy. Currently, there are over 1200 different tax credits available, and unlike tax deductions, these credits provide a dollar-for-dollar reduction to your tax bill.

Tax 52

Tax tax planning Government tax return 52

CTP

NOVEMBER 23, 2023

One of the hidden benefits of setting up your business as a partnership is the ability to use special tax allocations. Because a partnership is a pass-through entity, income, losses, credits, and deductions “pass through” to the business owners who are taxed at personal income tax rates. What is substantial economic effect?

Tax 52

Tax tax return income tax tax planning 52

CTP

AUGUST 3, 2023

However, without advance planning, taxes can subtract a large chunk of your profits. Savvy investors make decisions with the tax implications in mind, and use timing to their advantage to sidestep hefty tax bills. One of the simplest ways to reduce your taxes and improve your profits is to work with a Certified Tax Planner.

Tax 52

Tax income tax tax return tax planning 52

CTP

DECEMBER 28, 2023

are sold in other countries, you may qualify for a special tax incentive called the interest charge domestic international sales corporation or IC-DISC. The IC-DISC is an election created by the IRS to help American companies become more globally competitive by lowering their federal tax liability.

Tax 52

Tax income tax tax return Sales 52

CTP

DECEMBER 28, 2023

to foreign countries, you will want to familiarize yourself with this tax incentive: the interest charge domestic international sales corporation, more commonly known as the “IC-DISC.” This IRS election can allow some or all of the taxable income from your export sales to be taxed at a lower rate. Who Qualifies for an IC-DISC?

Tax 52

Tax Manufacturing Agriculture income tax 52

CTP

AUGUST 11, 2022

Question : How much time should I devote to studying tax planning? If you’ve read my articles about tax planning before, no doubt you’ve read my description of tax planning software as an instrumental tool. The same is true for tax planning software. By Dominique Molina, CPA MST CTS. There are many choices out there.

tax planning 52

tax planning Tax tax return Construction 52

CTP

SEPTEMBER 16, 2022

We are continuing to bust the myth that significant tax savings are only applicable to the rich and wealthy. Countless moderate-income earners are utilizing the same strategies to reduce their adjusted gross income (AGI) and overall tax liability. Tax credits are also available, resulting in an end-of-year refund.

tax planning 52

tax planning Tax Real Estate Education 52

CTP

SEPTEMBER 16, 2022

We are continuing to bust the myth that significant tax savings are only applicable to the rich and wealthy. Countless moderate-income earners are utilizing the same strategies to reduce their adjusted gross income (AGI) and overall tax liability. Tax credits are also available, resulting in an end-of-year refund.

tax planning 52

tax planning Tax Real Estate Education 52

CTP

JUNE 10, 2022

This can lead to overlooking one key part of the sales process: tax planning. The decisions you make in structuring the sale will have a direct effect on later tax implications and how much of a profit you actually end up making. An S corporation might have accounts receivable, notes receivable, or tax receivable.

Sales 52

Sales Tax income tax tax return 52

CTP

AUGUST 10, 2023

Swarms of “ERC mills” have been making grand promises to taxpayers—but they provide very few details on how to ensure you actually qualify for this lucrative tax credit. So what do employers need to know about this tax credit? Tax-Exempt Organizations. What if your organization is tax-exempt?

Tax 52

Tax payroll tax payroll tax return 52

CTP

DECEMBER 8, 2022

The many tax loopholes available can make this an attractive source of income—but first-time property owners may feel uncertain about taking advantage of these tax breaks. By enticing taxpayers with tax benefits, more people are able and willing to make this sizable financial investment. Looking to invest in real estate?

Real Estate 52

Real Estate Tax tax return tax planning 52

CTP

MAY 12, 2023

When you use a vehicle for business, the tax benefits available go beyond the date of purchase. For instance, you may have heard the advice that “ if you own a business, you’re married, and your spouse has a car, just drive their car occasionally so you can claim their vehicle on your business tax return.”

Tax 52

Tax tax return bookkeeping business tax 52

CTP

MAY 10, 2023

The Internet abounds with incorrect interpretations of the rules around vehicle tax deductions. Saving on taxes by using your car for business sounds convenient and appealing, but understanding the actual guidelines is key for this strategy to be effective. What steps do you need to take to gain tax savings for your business vehicle?

Tax 52

Tax tax planning Maine tax return 52

PYMNTS

JANUARY 10, 2019

After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process, promises to become even more digital this year. And digital payers are striving to win more business from tax filers this year. B2C disbursements account for more than 3.5

Tax 48

Tax income tax B2C tax preparation 48

PYMNTS

OCTOBER 11, 2019

But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes. When [eCommerce companies] can’t get through the language barrier, the outcome is large-scale tax evasion, whether through ignorance, or whether through deliberate actions across the world.”.

Tax 49

Tax B2C Legal tax return 49

CTP

MARCH 2, 2022

Without careful planning, your beneficiaries could find themselves with a hefty tax bill. A tax expert can help you a) minimize estate taxes and b) generate sufficient liquidity to satisfy estate expenses. In 2021, the federal estate tax does not apply to individual estates worth less than $11.7 Lifetime Giving.

income tax 97

income tax Tax tax planning tax return 97

CTP

MARCH 20, 2023

Trusting a Certified Tax Coach for guidance as you create your business plan ensures nothing is left to chance. You will review the pros and cons of each business entity, then make a deliberate decision that benefits you when it is time to file your taxes. However, from a tax perspective, there are several significant drawbacks.

income tax 52

income tax Legal tax return Tax 52

CTP

MARCH 20, 2023

Trusting a Certified Tax Coach for guidance as you create your business plan ensures nothing is left to chance. You will review the pros and cons of each business entity, then make a deliberate decision that benefits you when it is time to file your taxes. However, from a tax perspective, there are several significant drawbacks.

income tax 52

income tax Legal tax return Tax 52

PYMNTS

JANUARY 25, 2019

In terms of payments technology and alternative lending, B2C and B2B may be respectively seen as digital versions of the hare and tortoise. For those firms seeking access to credit, lenders will often start with the SMB principal’s FICO score or tax returns from the past few years, which can be an inefficient barometer of credit risk.

B2B 63

B2B B2C accounting and finance Finance 63

CTP

NOVEMBER 25, 2022

We’re tax advisors. So, not surprisingly, we’re going to tell you about the most tax-advantageous way to start saving for college. Saving for college through a 529 plan can simultaneously help you reach your college savings goals and reduce your taxes. As your money grows, you’re not taxed on the income your plan returns.

Education 40

Education Tax accounting and finance Michigan 40

PYMNTS

DECEMBER 23, 2019

There are also significant opportunities in the business-to-business (B2B), business-to-consumer (B2C) and government-to-business (G2B) arenas, with Visa Direct having already been utilized for such use cases as tax returns, insurance disbursements and loan distributions.

Technology 41

Technology B2C tax return Maine 41

PYMNTS

DECEMBER 19, 2016

Chetty and his team did that by gaining access to the anonymized tax returns of people in their mid-30s over a 40-year period between 1940 and 1980. Today, B2C advertising is increasingly a data game served by ad platforms to consumers toting digital devices who spend most of their time with their noses inside of social networks.

Retail 88

Retail Education B2C Gaming 88