ThomsonReuters

MARCH 1, 2024

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? You may wonder how the S corporation taxation generally works. The following guide offers numerous strategies and tips that owners of S corporations can use to lower their taxes, including deductions and credits.

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CTP

NOVEMBER 15, 2023

But now, even your DIY tax software says it offers tax planning! Real tax planning is very hands-on, customized, and proactive. It takes a trained expert, with advanced education, specialization, and licensure to ensure the highest ethical standards and to protect you legally before the IRS! It CAN’T be that simple!

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ThomsonReuters

APRIL 17, 2024

The ability of GenAI to process vast amounts of data quickly and accurately offers the promise of improved quality and accuracy of work, enhancing the overall efficiency of tax preparation and staying on top of compliance and regulations. “I think we are still in the early stages of generative AI.

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CPA Practice

JANUARY 23, 2023

Almost all states have seen their budget surpluses grow in the past two years, thanks to federal COVID-19 relief funds and increasing corporate tax revenues as the economy recovers from the pandemic. Cutting or eliminating the grocery tax is expensive to the states. Efforts failed in several other states.

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ThomsonReuters

JULY 6, 2023

Let’s take a look at what tax advisory is and how you can take advantage of this approach to serving clients. What are tax advisory services? Typically, tax advisors have more experience and education than accountants and are well-versed not only in accounting, but in tax law, finance, and business strategy.

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Accounting Insight

MARCH 3, 2023

These trends will lead to an increased interest among tax and accounting firms to outsource tax preparation services to free up staff time to focus on higher-value work. And governments around the world – 136, to date – have also already agreed to adopt the 15% minimum corporate tax.

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LyfeAccounting

JANUARY 30, 2021

But for now, we would recommend you have this done by March 1st, so your tax preparer has enough time to file your business taxes. That is because March 15th is the deadline for businesses who are incorporated as a partnership, LLC, or S Corporation to file their taxes. Taxes and licensing fees.

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