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

CTP

Social Security tax revenue alone will cover our retirement obligations until at least 2033, and then it will cover up to 77% of costs after that year, again assuming no changes to the current plans in place. Therefore, tax planners can factor in Social Security for at least the next 15 years as a source of retirement income.

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

ThomsonReuters

Tax implications for owning property abroad What is FATCA? Helping clients with foreign income tax forms For U.S. To support this effort, forward-thinking accounting firms are increasingly using tax preparation software and scan-and-populate solutions to tackle the challenges of foreign income reporting. What is FEIE?

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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. The CAQ surveyed 748 audit partners at eight of the largest accounting firms about conditions for their clients. Cohen & Co., The addition of the Morris J.

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

Going Concern

Shakira Claims She’s Victim of Smear Campaign in Spain Tax Fraud Case [ TMZ ]. The singer filed legal docs Friday in Spain, answering allegations she failed to pay more than $14 million in taxes for income earned from 2012 through 2014. First’ Accounting Firm in Metaverse Sucked Into FTX Meltdown [ Bloomberg Tax ].

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