article thumbnail

How to Plan for Global Tax Minimization

Cherry Bekaert

blocker corporations for U.S. individual taxpayers and partnerships began following the Tax Cuts and Jobs Act of 2017, when the corporate income tax rate was reduced from 35% to 21%. This made the corporate tax rate significantly less than the maximum individual tax rate of 37%. tax return.

Tax 104
article thumbnail

5 Critical Questions to Ask Your Accountant About Tax Planning BEFORE Tax Season

CTP

* 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! To practice law, tax attorneys must pass the bar exam after finishing school.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Fuel Up the Bus, PwC Australia Has Named and Shamed Eight Partners Tied to the Tax Leak Scandal

Going Concern

” Richard Gregg – No LinkedIn for him, R&D Tax Incentive Pete Calleja – Partner in PwC Australia’s Financial Advisory business Sean Gregory – Partner, responsible for strategy and reputation; including brand, government and regulatory affairs, mainstream and digital media, risk and legal affairs. .”

Tax 96
article thumbnail

LLC vs. S corp: Which is right for your business and taxes? 

xendoo

Why your business structure matters Choosing the right business entity is crucial for several reasons, including: Liability protection: Some business types provide legal protection for your personal assets, while others don’t. LLCs have a flexible tax structure, with the option to pay taxes as a corporation or as a pass-through entity.

Tax 52
article thumbnail

LLC vs. S corp: Which is right for your business and taxes? 

xendoo

Why your business structure matters Choosing the right business entity is crucial for several reasons, including: Liability protection: Some business types provide legal protection for your personal assets, while others don’t. LLCs have a flexible tax structure, with the option to pay taxes as a corporation or as a pass-through entity.

Tax 52
article thumbnail

How Stage 1 Financial Taps Automation to Help Startups Wrangle Tax Complexity

CPA Practice

These processes often include accounting and CFO services, financial planning, transaction services, corporate tax compliance and, increasingly, state and local tax compliance, including sales and use tax reporting. Since the Supreme Court’s S.

article thumbnail

Tax Problem Resolution in the Inland Empire, CA

MyIRSRelief

The process involves submitting an application to the IRS with a detailed explanation of your financial situation, often with the help of a tax professional. How Can I Resolve Unfiled Tax Returns in Corona, CA? Failing to file tax returns can lead to penalties and potential legal issues.

Tax 130