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How to Plan for Global Tax Minimization

Cherry Bekaert

Expanding business operations globally allows companies access to new markets, more efficient manufacturing options, new technologies, a larger workforce and new sources of inventory. Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities. income tax return.

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What exactly is indirect tax?

ThomsonReuters

Jump to: What is indirect tax? Types of indirect tax The value of indirect tax to tax professionals Differences between direct and indirect tax Tax planning and management is one of the primary areas accountants help their clients. Taxes are either direct tax or indirect tax.

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Tax Strategies for Selling an S Corporation: Planning for an Asset Sale

CTP

Since the sale has already occurred, these are taxed at ordinary income tax—a rate that taxpayers likely want to avoid since it can be as high as 37%. The business may also have fixed assets, such as manufacturing equipment, furniture, vehicles, or other tangible assets.

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Upcoming Tax Issues Facing Dealerships That Need To Be Addressed Now

Withum

Then in 2023, interest rates began to climb and continue to do so, inventories started to get stale, manufacturers tinkered with floor plan assistance programs, and profitability dropped at stores. In 2022, the interest limitation is based on adjusted taxable income after depreciation and amortization. We are here to help.

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Selling an S Corporation: How to Maximize Tax Savings in an Asset Sale

CTP

Business owners looking to sell their S corporation may start to get tangled up in all the details, especially if they are a first-time seller. This can lead to overlooking one key part of the sales process: tax planning.

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2022 Year-End Tax Planning Checklist

Withum

Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Postpone income until 2023 and accelerate deductions into 2022. Estate Tax Planning. 2022 Year-End Tax Planning Resources. million in 2023).

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What’s Hot on Checkpoint for Federal & State Tax Professionals?

ThomsonReuters

The Inflation Reduction Act of 2022 imposes a new 15% corporate alternative (book) minimum tax on the adjusted financial statement income of applicable corporations (those with 3-year average financial statement income of at least $1 billion). Tax-exempt organizations may make this election for twelve credits.