CTP

MARCH 9, 2022

Tax planning is making shifts in a taxpayer’s financial and business situation, to minimize their tax burden both in the short term and over time. We’ll discuss five of the main strategies for legally lowering your clients’ tax burden. But saving one year is better than falling victim to a 7% tax increase!

tax planning 98

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Anders CPA

NOVEMBER 21, 2023

Year-end is approaching fast, which means this is the perfect time for businesses to make some final adjustments to their tax planning strategies. Consulting with a trusted tax professional to determine your eligibility for certain deductible activities is the best way to maximize your tax savings.

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Cherry Bekaert

NOVEMBER 28, 2023

There are several key tax considerations and tactical approaches for businesses to address while closing out 2023 and moving into 2024. From leveraging tax incentives to optimizing deductions, this guide offers insights into tax planning to help businesses make informed decisions and set a solid foundation for the upcoming year.

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MyIRSRelief

SEPTEMBER 1, 2020

With more than 30 million small businesses in the US, effective tax planning is essential to maximizing profits and minimizing taxes, keeping more of what is earned, and lowering your taxes for the future. Retirement Funding: Your retirement plan may offer tax savings for your business as well as individuals.

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CTP

DECEMBER 8, 2022

As a tax professional, you may have to overcome your clients’ uncertainty in taking advantage of these loopholes. government to promote property ownership. By enticing taxpayers with tax benefits, more people are able and willing to make this sizable and possibly intimidating financial investment.

Real Estate 98

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ThomsonReuters

NOVEMBER 21, 2023

Jump to: Set engagements and expectations for next year Address economic pressures that are top of mind Advise on tax planning topics As the year comes to a close, most accounting firms are guiding clients through the complexities of year-end tax planning. This goes into effect on January 1, 2024.

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Anders CPA

OCTOBER 17, 2023

CHIPS for America Act The biggest tax impacts on the manufacturing industry have been through the Inflation Reduction Act and the CHIPS for America Act, both signed by President Biden in August 2022. Learn more about how our advisors can help you take advantage of tax incentives, and the associated costs, by contacting Anders below.

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DMCL

MARCH 17, 2022

While we can all agree it’s great to pay less tax, it goes without saying that you need to make sure any methods of tax reduction you utilize follow the law. That’s why it’s important to know the difference between tax planning, avoidance and evasion when you’re looking for ways to keep your taxes down.

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CPA Practice

APRIL 17, 2024

The Franklin & Marshall survey drilled down on the issue of taxes, with taxes coming in fourth among a list of responses when registered Pennsylvania voters were asked: “What do you think is the most important problem facing Pennsylvania today?”

Pennsylvania 52

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ThomsonReuters

NOVEMBER 12, 2021

Corporate international tax planning is a major challenge for companies that do business in multiple countries. To be aware of pitfalls such as international double taxation — being taxed for the same income in two different countries — they must plan strategically. 2. Inform yourself about the new BEPS rules .

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KROST

SEPTEMBER 20, 2021

This is one of the articles in the KROST Quarterly Technology Issue, titled “2021 Tax Planning for Tech Companies: Employee Retention and R&D Credits.” For taxpayers that did not experience these declines, they can still qualify under the government-mandated shutdown rules. Credit amounts were also increased.

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KROST

NOVEMBER 24, 2020

State and Local Taxes – Taxes are still capped at $10,000; this includes income taxes paid to the state government, state and local real property taxes, and state and local personal property taxes (such as driver’s license fees). of 2020 AGI.

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MyIRSRelief

DECEMBER 1, 2023

A C Corporation is a legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity. C Corporations, named for the subsection of the IRS code that governs them, have a distinct tax structure that differs from other business entities.

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Going Concern

OCTOBER 19, 2023

It was Jan 22, 2023 when AFR first reported a PwC partner leaked government tax plans to clients and November 16, 2022 when the Tax Practitioners Board (the TPB) decided to impose an Order on PwC under section 30-20 of the Tax Agent Services Act 2009 (TASA) related to said partner leaking tax plans to clients (and his colleagues). “[It]

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CPA Practice

APRIL 17, 2023

But with the increasing complexity of modern business and regulations, and a worsening shortage of CPAs, the truth is that small business accountants rarely help clients optimize their tax strategies. Still, the failure to recognize the importance of proper tax planning adds up. So what should business owners do?

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FusionCPA

NOVEMBER 24, 2020

Corporate income tax is the third largest source of revenue for the federal government. While the amount collected for corporate income tax pales when compared to individual income tax or payroll tax, it still accounts for 1.1 US corporations are taxed at a rate of 21 percent by the United States government.

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CTP

OCTOBER 2, 2023

Their focus may have historically been on finding ways to reduce their taxable business income through deductions rather than seeking a direct reduction of their tax bill through credits. Start with the basics: Why do tax credits exist at all? Discretionary tax credits often operate in a similar way.

Tax 97

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MyIRSRelief

OCTOBER 3, 2022

Taxes can be broken down into three categories: what you purchase, what you own, and what you earn. They contribute to resources such as our government, educational systems, law enforcement, libraries, and others. However, individuals who fail to pay taxes can suffer penalties and potential criminal charges.

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PYMNTS

OCTOBER 19, 2020

Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. The OECD forecasted that the measures could bring in a further $100 billion in business tax revenues each year. . Regulation.

Technology 57

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CPA Practice

JUNE 13, 2023

“Baird, Cotter & Bishop has vast experience serving government entities, which will deepen our bench as a trusted service provider to the public sector.” The firm concentrates heavily in government audits in Michigan—it has audited more than 100 local units of government over the past two years.

Michigan 98

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MyIRSRelief

APRIL 29, 2024

By providing a combination of tax planning, bookkeeping, and financial guidance, they empower small businesses to thrive, focusing their energy on what they do best – innovation, growth, and serving their customers. These are just a few examples, and the expertise of a specialized tax and accounting firm goes beyond industry specifics.

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PYMNTS

AUGUST 26, 2019

If approved by Parliament, Thailand will institute a value-added-tax starting next year on electronic businesses, leveraging the eCommerce boom in the country. Ekniti Nitithanprapas, director-general of the revenue department, told reporters the tax will likely seek parliamentary approval this year.

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Accounting Insight

MAY 10, 2024

Adaptation and transformation Small businesses recognise the need to adapt and are preparing to implement changes to enhance their financial management and tax planning. The top five changes include: Adopting AI technology to streamline tax-related processes.

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MyIRSRelief

APRIL 3, 2023

Tax Planning and Preparation: An accountant (EA or CPA) can help small business owners navigate the complex world of tax laws and regulations, ensuring compliance and minimizing tax liabilities. Q: What can an accountant do to help with tax planning and preparation?

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Withum

AUGUST 5, 2022

The annual Top 200 list honors influential industry leaders in healthcare, government, real estate, finance, education, advisors and business. The local journal noted Steve’s extensive experience with tax planning, tax compliance, business consulting and management advisory services.

Real Estate 98

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CTP

APRIL 15, 2022

Even if these professionals have other ethical obligations as defined by their governing body or rules of conduct, following the general concepts of Circular 230 will likely help them fulfill the duties they have in other areas. The post Ethical Considerations for Tax Professionals: Determining Fees appeared first on Certified Tax Coach.

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ThomsonReuters

APRIL 25, 2024

Let’s take a look at some commonly asked questions on retirement income taxes and how your firm can best advise clients as they approach their retirement years. Jump to: • 10 tax-efficient retirement strategies • Do you pay taxes on retirement income? Take advantage of tax credits. Keep abreast of tax changes.

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CTP

OCTOBER 2, 2023

For a more nuanced look at which tax credits you might qualify for, reach out to a Certified Tax Planner to start building a customized tax plan. The Origins of Tax Credits Why exactly do tax credits exist? Tax credits don’t just appear on a federal level.

Tax 52

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CPA Practice

MARCH 21, 2024

It dismissed Soroban GP’s other arguments, which relied on Congress’ previously stopping the IRS from defining “limited partner,” a prior report of the Joint Committee on Taxation, the regulations governing passive activity losses, and instructions for the federal partnership tax return.

Tax 122

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ThomsonReuters

FEBRUARY 6, 2024

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

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SMBAccountant

NOVEMBER 21, 2022

An owner wants to do some tax planning. Most large companies, including the federal government, have a management certification each year where management is certifying to the correctness of what happens in their company and the internal controls in place. Here's a few examples: 1.

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CPA Practice

NOVEMBER 2, 2023

One of the topics the minds of many tax and accounting professionals is the environment. ESG, as the movement is known, includes the aspects considered when companies invest in environmental, social, and corporate governance policies. Diana has 30 years’ experience in bookkeeping, tax, government auditing and fraud investigations.

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CTP

AUGUST 10, 2023

These “ERC mills” make grand promises but provide very few details on how to actually qualify for this lucrative tax credit. Now more than ever, taxpayers need guidance to steer them away from ERC promoters and toward a well-formed tax plan that maximizes all possible tax credits. The ERC is a fully refundable tax credit.

payroll tax 95

payroll tax payroll Tax tax return 95

Going Concern

MAY 10, 2023

Well, for now the attack is mostly laser-focused on PwC but the firm’s well-publicized tax scandal is calling into question the reliability of consultants doing work for the government. What Australia needs is a reinvigorated and properly-funded public service that is prepared to give frank and fearless advice to the government.

Government 62

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CPA Practice

DECEMBER 12, 2023

Founded in 1981, RBTK specializes in overall accounting and tax services, but it also provides insightful business solutions, including business succession and retirement considerations. The decision to join forces with Eide Bailly was easy as our values align seamlessly,” said Scott Trendel, a partner at RBTK. 8, 2024.

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CPA Practice

JUNE 8, 2023

This focus applies to current practice areas, through successful ongoing efforts such as the Enhancing Quality Initiative, and an expansion into newer areas such as data governance, tax planning and environmental, social and governance (ESG) reporting, assurance and advisory services.

CPA 116

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Katz,Sapper&Miller

MARCH 29, 2016

With many real estate developers and construction companies often experiencing a lack of liquidity, these cooperative agreements between government and private entities allow the building of many projects that would not happen otherwise. Public-private partnerships (P3) are a hot topic in real estate development.

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