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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 104
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How Much Is a Tax Consultant?

xendoo

Navigation business tax requirements and preparation. Looking for available deductions to lower your tax burden. Helping to manage capital gains taxes. Sorting through tax advantages of life events. A tax consultant may work with individuals, businesses, or both. Helping to Mitigate Business Taxes.

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President Trump vs Biden Tax Plan Proposal in 2020

LyfeAccounting

Alright now, let’s dive in by first setting up some ground rules about what an effective tax system looks like. What an Effective Tax System Looks Like. A fair tax system should produce similar outcomes. Corporate Tax Rates. Biden would like to see the corporate tax rate at 28%.