Remove business tax Remove corporation tax Remove CPA Remove tax planning
article thumbnail

How Should a Small Business Owner Plan for Rising Taxes?

CPA Practice

By Bruce Willey, JD, CPA, Kiplinger Consumer News Service (TNS) A buzzword appeared in the world of small business about a decade ago: the accountant as “most trusted advisor.” As a certified public accountant, I’m flattered that we’re consulted for a growing range of business needs, including rising taxes.

Tax 105
article thumbnail

Hey Tax People, You’ll Be Thankful For This Remote Job That Promises No More Than 40 Hours a Week EVER

Going Concern

Responsibilities: You will be deeply involved with preparing tax planning & tax consulting services. Reviewing and preparing individual, partnership, trust, and corporate tax returns. Researching tax issues for small to medium-sized businesses and wealthy individuals.

Tax 94
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

New Trump Tax Cuts Could Cost U.S. $4.6 Trillion, Bipartisan Watchdog Agency Says

CPA Practice

trillion cost of the original Trump tax cuts — a more expansive bill which also included permanent reductions in corporate taxes. The anticipated cost of extending the tax cuts could move lawmakers to seek ways to offset the deficit impact through spending cuts or by scaling back the size of the rate reductions.

Tax 98
article thumbnail

Small Business Tax Filings – Everything You Need to Know to Avoid IRS Penalties!

LyfeAccounting

So today I’m going to break down the forms and filings you need to have in place in order to avoid IRS penalties and keep your business compliant. Also, please keep in mind that every business is different so it’s important that you consult your CPA for specific advice regarding your situation. Corporations.

article thumbnail

What is tax advisory?

ThomsonReuters

research and development credits) Trade and customs tax services and guidance Transfer pricing evaluation , documentation, and modification of existing policies Tax valuation services What does a tax advisor do? They may even be a tax attorney.

Tax 98
article thumbnail

Tax Benefits of LLC | LLC Taxes Explained by a CPA – How does a LLC save taxes?

LyfeAccounting

The answers to these questions may influence the entity structure that you choose for your business, and how much money you end up paying the IRS. In this post, I’m going to explain all of the tax benefits related to LLCs. Lastly, although I am a licensed CPA, the information in this post is solely for informational purposes only.

Tax 52
article thumbnail

How to Pay Dividends: Completing the T5 Slip and Summary

Ronika Khanna CPA,CA

This post and the T5 calculator have been updated to reflect If you are the owner of a Canadian corporation, you can choose to pay yourself (and other shareholders) dividends instead of a salary. Alternatively, some shareholders also take dividends in addition to a salary depending on their tax planning strategy.