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How are S corporations taxed? Tips for filing and reducing taxes as a pass-through entity

ThomsonReuters

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? You may wonder how the S corporation taxation generally works. And are you taking full advantage of all the business exemptions and credits available in your industry? How are S corporations taxed?

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How to Develop a New Five-Year Plan for Your Company’s Tax Department

CPA Practice

Every corporate tax and finance function should have a five-year plan, even the ones that have undergone or are undergoing a transformation, say tax executives from Big Four firm EY. Make space for tax and finance functions to play a principal role in the organization’s sustainability strategy.

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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?

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Navigate tax season with these resources for accountants

ThomsonReuters

Education Taxpayers who are paying or saving for their own or their dependents’ education have several opportunities to maximize education-related tax benefits before year-end. For tax years 2021-2025, many public and private student loan discharges are excluded from gross income. What’s new? •

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Tax Season 2021: Prepare Now (Don’t Miss These Deadlines)

LyfeAccounting

On the other hand, if you’ve paid very little attention to some of the tax changes or programs then you’ve got a lot to catch up on. Regardless of where you are our team at, LYFE Accounting specializes in business tax returns and we’re ready to help you this year. Find all your qualified business expenses or deductions for 2020.

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What’s Hot on Checkpoint for Federal & State Tax Professionals?

ThomsonReuters

The Inflation Reduction Act of 2022 imposes a new 15% corporate alternative (book) minimum tax on the adjusted financial statement income of applicable corporations (those with 3-year average financial statement income of at least $1 billion). Who needs to know: Accounting firms and other tax professionals.

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Is President Biden On the Right Track With His Billionaire and Business Tax Increase Plans?

CPA Practice

By Phillip Molnar, The San Diego Union-Tribune (TNS) President Joe Biden introduced several plans recently at the State of the Union address targeting big businesses and the wealthiest Americans. He said the moves would reverse many large tax breaks enacted by the Trump administration. Fairness and equity argue for rebalancing.

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