Remove category Individual-Strategies
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Why Hiring a Tax Pro Boosts Your Small Business (and Saves You Money)

MyIRSRelief

Tax Planning and Strategy: A skilled tax professional is more than just a filing machine. They can help you develop tax-saving strategies tailored to your business structure (C corporation, S corporation, or partnership). 1065 (Partnerships): Partnerships are business entities owned by two or more individuals.

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State CPA Society News & Updates – May 2024

CPA Practice

Women to Watch Awards The Women to Watch Awards are presented in two categories—Experienced Leader and Emerging Leader—to recognize women who have made significant contributions to the accounting profession, their organizations, and to the development of women as leaders. Wolfe, CPA | Owner, Larry J. Wolfe, Ltd. McKeever Jr. McKeever Jr.

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Los Angeles Tax Services – Local tax firm serving all Southern California

MyIRSRelief

According to the 16th Amendment in our Constitution, individuals are required to pay taxes from income sources. Taxes can be broken down into three categories: what you purchase, what you own, and what you earn. However, individuals who fail to pay taxes can suffer penalties and potential criminal charges.

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How High Net-Worth Individuals Can Safeguard Deposits Amid Banking Uncertainty with a Cash Diversification Strategy

Anders CPA

Moody’s, the global risk assessment firm, has recently announced their decision to cut the credit rating of several banks, mostly in the small to midsize category, based on numerous considerations including commercial real estate exposure and the possibility of continued rate hikes. So, what are high net-worth individuals to do?

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Tax Savings for Accountants with Gambling Clients

CTP

First, you must classify gamblers, identify your clients in specific categories, and calculate estimated federal income tax. Definitions of gambler categories Gambling winnings are reported differently based on the different categories. Each case is handled individually, and the IRS offers guidelines for each of them.

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What Is SECURE Act and Stretch IRA?

Bharmal&Associates

The SECURE Act was intended mainly to expand opportunities for individuals to increase their retirement savings and to simplify the administration of retirement plans. But the act also included a big unfavorable change that kneecapped the so-called stretch IRA estate planning strategy that was employed by well-off IRA owners.

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5 Customer Loyalty Strategies for Skagit County Small Businesses

SkagitCountyTaxServices

In your Skagit County business, it’s likely some of your employees fall in this category — especially for those in lower income brackets. Basically, these are individual accounts in defined contribution plans and are designed to encourage employees to save for financial emergencies. Thanks to the Secure Act 2.0,