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How Should a Small Business Owner Plan for Rising Taxes?

CPA Practice

As a certified public accountant, I’m flattered that we’re consulted for a growing range of business needs, including rising taxes. But with the increasing complexity of modern business and regulations, and a worsening shortage of CPAs, the truth is that small business accountants rarely help clients optimize their tax strategies.

Tax 104
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Los Angeles-Based CPA Firm Receives High Praise from Accounting Today

KROST

KROST CPAs and Consultants, Los Angeles-based firm, receives two new accolades from Accounting Today , Top 100 Firms, and Fastest-Growing Firms in the U.S. 11 on the Regional Leaders on the West Coast which includes firms in California, Nevada, Oregon, and Washington. Pasadena, CA. New to the list, KROST, ranked No. KROST ranked No.

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Selling Your Business? Personal Goodwill Can Reduce Your Tax Burden

CPA Practice

Goralka, Kiplinger Consumer News Service (TNS) Most people, including many experienced attorneys and CPAs, are surprised to learn that an individual owner, shareholder or member can individually own a corporation’s or limited liability company’s bundle of rights commonly known as goodwill. ABOUT THE AUTHOR: John M.

Tax 98
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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate. For example, LLCs that opt for the IRS to tax them as corporations are subject to corporate tax rates.

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Friday Footnotes: A World Without Accountants; GAO Finds a Big Mistake; ‘Fazbie’ | 8.5.22

Going Concern

If the world had no accountants [ The Indicator from Planet Money ] As the unsung heroes of the financial world, CPAs (Certified Public Accountants) are responsible for a wide range of important tasks, from balancing the books to investigating fraud. I’m thinking about joining TikTok just for the free tax advice. TaxTwitter. —

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