Withum

FEBRUARY 1, 2023

Important Tax Considerations With 2022 coming to an end, there are several important tax topics and considerations a dealer should be aware of over the next few years. In order to use the LIFO method, a taxpayer must file Form 970 with their tax return to make the election.

accounting and finance 52

accounting and finance income tax Tax CPA 52

ThomsonReuters

JANUARY 18, 2024

For instance, accountants may specialize in serving nonprofits, manufacturers, restaurants , or dental offices. CPA responsibilities to clients As a trusted advisor in an increasingly complex financial landscape, certified public accountants (CPAs) have significant responsibilities for the services they provide to their clients.

Account 59

Account accountant accounted tax preparation 59

ThomsonReuters

OCTOBER 19, 2022

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). 48D advanced manufacturing (“CHIPS”) credit.

Kansas 64

Kansas income tax Kentucky Tax 64

Withum

NOVEMBER 17, 2022

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. Specifically targeted industries, such as technology, manufacturing, agriculture, or film. Job creation.

tax planning 98

tax planning Tax Construction income tax 98

Anders CPA

AUGUST 23, 2022

The 15% corporate alternative minimum will apply to covered corporations, those that have stock traded on an established securities market, that have an average annual adjusted financial statement income (AFSI) exceeding $1 billion for any three taxable year periods ending in the current tax year.

Tax 98

Tax Real Estate payroll tax payroll 98

Going Concern

JANUARY 26, 2024

How AI is transforming audit [ Thomson Reuters ] In the past, auditors have heavily relied on manual processes to uncover risks in financial statements and business operations. But federal monitoring is making a comeback under new leadership. AI Is your firm keeping pace?

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Account accountant accounted audit 117

KROST

NOVEMBER 24, 2020

Currently, a de minimis safe harbor under the repair regs allows taxpayers to deduct certain items costing $5,000 or less (per item or invoice) and that are deductible in accordance with the company’s accounting policy reflected on their applicable financial statement (AFS). Research Tax Credit (“R&D Tax Credit”).

tax planning 52

tax planning Tax California income tax 52

Going Concern

APRIL 14, 2023

million) for its audit of lighting manufacturer Luceco (LUCEL.L) for its financial year to Dec. Braun and two other former senior executives of the disgraced German company are facing charges of fraud, embezzlement, market and accounting manipulation that are punishable with up to 15 years in jail.

Tax 104

Tax auditor audit accounting firms 104