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2024 Tax Planning Tips from Grant Thornton

CPA Practice

Recent tax changes coupled with the potential for an economic slowdown have made it even more critical for companies and individuals to make smart decisions on investments and financing. Tax-planning considerations for individuals 1. Make up a tax shortfall with increased withholding. Document and substantiate.

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Los Angeles Tax Services

MyIRSRelief

Tax Preparation, Tax Planning, and Tax Representation: Understanding the Importance of Professional Assistance Tax preparation, tax planning, and tax representation are all crucial components of managing your finances and ensuring that you meet your tax obligations.

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Los Angeles tax, accounting service

MyIRSRelief

This can help them to make informed decisions about how to manage their finances and to identify areas where they may be able to save money. Increased efficiency: By keeping accurate financial records, small business owners can streamline their financial processes and reduce the time and effort required to manage their finances.

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Amended Tax Return: How to File Form 1040X Step-by-Step

LyfeAccounting

Want to Know How to File an Amended Tax Return? As an accounting firm, we’ve filed our fair share of amended tax returns. In today’s post, we’ll be going over when to amend your taxes and the 5 steps to actually amend your taxes. Steps to Take When Filing Amended Tax Return.

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The New Tax Court Limited Partnership Ruling: What to Know

CPA Practice

The Tax Court had already issued a similar ruling for partners in the context of partners in a limited liability partnership (“LLP”) and members of a limited liability company (“LLC”). On February 16, the Tax Court ordered the parties to file another status report by May 17, 2024. Here’s what it is, how it happened, and why it matters.

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What is tax advisory?

ThomsonReuters

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable.

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What to look for in a career change from accounting

ThomsonReuters

If you’re looking to transition out of the accounting profession, consider entering an adjacent industry like finance or banking, or perhaps working directly for a corporation. Career paths in finance can be personal, corporate, or public, similar to accounting. What career can an accountant switch to? In one word: yes!

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