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4% Corporate Tax Rate for Businesses

BuildYourFirm

What business owner would not be interested in a 4% corporate tax rate, zero capital gains, and zero dividends tax? Puerto Rico has been willing to supply a lucrative tax incentives because it needs money from business owners and investors here in the US.

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Los Angeles-Based CPA Firm Receives High Praise from Accounting Today

KROST

KROST is a full-service certified public accounting and consulting firm serving clients across various industries in the areas of tax , accounting , consulting, assurance and advisory , M&A and capital markets , corporate tax incentives , and wealth management. See all KROST services: KROSTCPAs.com/services.

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10 Facts About the Pass-Through Deduction for Qualified Business Income

RogerRossmeisl

It’s available to owners of sole proprietorships, single member limited liability companies (LLCs), partnerships and S corporations. The deduction is intended to reduce the tax rate on QBI to a rate that’s closer to the corporate tax rate. It may also be claimed by trusts and estates. It’s taken “below the line.”

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BDO USA is Shifting From a Partnership to a Corporation

CPA Practice

In addition, an individual partner in a partnership earning income from operations in various states is generally required to file income tax returns in each of those states, which can cause a compliance headache. Being W-2 employees will make the partners’ tax situations a lot simpler than having to file in multiple states.

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Sidney Kess, Tax Attorney and Author, Has Died at Age 97

CPA Practice

He was tireless—and successful—in his commitment to making the accounting profession better for all of us,” said Gail Perry, CPA, editor-in-chief of CPA Practice Advisor. Robert Keebler, a partner at Green Bay, WI-based CPA firm Keebler and Associates, called Kess “a wonderful man and one of the visionaries of the profession.” “Sid

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Get to Know TaxConnex: Partner Q&A Series - Robert Dumas

TaxConnex

I graduated in 1985 with a Masters in Tax. I was trained in income tax and expected to have a career in public accounting, but I only lasted a few years in a couple of different large CPA firms. I then went to the BellSouth Corporation tax department and had various roles.

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What’s new in sales tax?

TaxConnex

Texas will no longer collect sales tax on essential baby products like diapers and wipes, as well as menstrual products, starting Sept. New Jersey signed budget legislation that changes the state’s corporate tax regulations. The enhanced its map of sales and use tax lookup rates. Income we trust.

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