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Decoding the Difference: Tax Planning vs. Advisory

CPA Practice

Tax preparation has its spotlight, tax planning follows a rhythmic beat … and tax advisory ? While we’ve used terms like tax planning and tax advisory interchangeably because they feel similar, they are quite different—like fall and winter. Proactivity Tax planning is proactive.

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State Income Tax Planning Considerations for a Liquidity Event

Withum

Make sure you are considering the type of income when implementing state income tax planning techniques. State Tax Rates States without personal income taxes allow taxpayers to significantly reduce their overall tax liability.

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PKF O’Connor Davies Picks Up Robert Philipson & Co.

CPA Practice

has regularly provided high-net-worth individuals and other private clients with comprehensive, individualized tax offerings. The firm’s senior staff and partners have extensive expertise in tax planning and preparation, IRS representation, international taxation, and estate and trust taxation.

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UHY Combines with Paresky Flitt in Massachusetts

CPA Practice

The combination expands Farmington Hills, MI-based UHY’s presence in the Northeast, as the firm has 10 offices throughout New York, Connecticut, and New Hampshire. Nationally, UHY employs more than 1,600 professionals in 36 U.S.

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The Benefits of Delayed Business Filings

CPA Practice

Some states don’t allow forward dating incorporation dates, including: Alaska Arkansas Connecticut Hawaii Idaho Louisiana Maryland Minnesota Nevada Delayed filings also help businesses overcome end-of-year backlogs in Secretary of State offices that often lead to standard filings not being cleared by the end of the year.

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Best States to Practice Dentistry In

DentalAccounting

Connecticut. Clearly, the analysis from 24/7 did not take taxes into account as these are probably the highest tax states. Certified Tax Coaches know how to proactively save thousands of dollars that would otherwise be wasted on unnecessary taxes. Massachusetts. California. New Jersey. New Hampshire. Minnesota.

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Professionals on the Move – August 2023

CPA Practice

Morris has over 10 years of public accounting experience in various areas of tax compliance and consulting. He is experienced in working with the management of closely held businesses in implementing tax-planning strategies, as well as providing private equity and capital groups with tax forecast, advisory and compliance-related services.