article thumbnail

Tax Planning for Retirement Plans: The Underestimated Value of Social Security

CTP

Taxpayers can see positive outcomes from delaying when they begin taking Social Security benefits, but waiting is also a gamble that they will live to receive those planned benefits. Increase your ability to evaluate each taxpayer’s circumstances and make insightful recommendations by becoming a Certified Tax Planner.

article thumbnail

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.

Tax 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

Friday Footnotes: Accountant Shortage Ramps Up Work Pressure; Celebrities’ Trusted CPAs; ERC Reverse Card | 12.8.23

Going Concern

Cohen began its professional practice in 1929 and is highly regarded in the Philadelphia area for their experience in audit and tax planning, and compliance. Cohen & Co., McKonly & Asbury ] The merger will be effective January 1, 2024. The addition of the Morris J.

cpas 118
article thumbnail

Friday Footnotes: How EY Fights Poaching; Lack of Staff Is Closing Doors; Accounting to Biglaw? | 11.25.22

Going Concern

The 55-year-old, from Cwmbran, Torfaen, spent the cash on cars and properties and gambled away £500,000. Some tax practices really want candidates with specific types of tax experience (for example, securitization tax or bankruptcy tax) and so they will wait forever for the right candidate.

audit 98
article thumbnail

Overview of U.S. taxes on foreign income for individuals

ThomsonReuters

Proper tax planning and compliance are key to managing the tax implications associated with foreign property ownership. citizens have to pay taxes on foreign property? Owning property abroad, whether it’s real estate, bank accounts, or other assets, can have tax implications that U.S. Plan ahead.

Tax 40