CPA Practice

DECEMBER 21, 2023

To help companies and individual taxpayers understand their planning options, Grant Thornton LLP, one of America’s largest professional services firms, has released 2024 tax-planning guides for businesses and individuals. Tax-planning considerations for individuals 1. Document and substantiate. Consider timing.

tax planning 59

tax planning Tax Real Estate accounting and finance 59

MyIRSRelief

MAY 1, 2024

Tax Planning and Strategy: A skilled tax professional is more than just a filing machine. They can help you develop tax-saving strategies tailored to your business structure (C corporation, S corporation, or partnership). An Enrolled Agent, specializing in representing taxpayers during audits, can be your rock.

Tax 130

Tax tax planning audit Non-Profits 130

Anders CPA

SEPTEMBER 5, 2023

Some tax deductions available to 1099 small business owners may include the following: Home office – If you’re utilizing your home or part of your home for administrative work, and that space is dedicated to those administrative duties, it is an allowable deduction on your tax return.

Tax 59

Tax Hospitality tax return Real Estate 59

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.

Tax 52

Tax Account accountant accounted 52

LyfeAccounting

MARCH 10, 2021

5 Things You Should Know About Tax Penalties. Common IRS Tax Penalties and How You Get Penalized. Failing to file a tax return on time. Well, the deadline for filing your federal income tax return and paying any tax you OWE is April 15th (or usually the next business day if April 15th falls on a weekend).

Tax 52

Tax tax return Real Estate Government 52

ThomsonReuters

FEBRUARY 8, 2022

A rise in tax regulations, globalization, an influx of innovative technologies, and a greater demand for “always on” access makes it an exciting time for tax and accounting professionals to be in business. One significant trend sweeping the tax profession is the rise of value-added services. 3) Boost your firm’s reputation.

Tax 105

Tax payroll Entertainment bookkeeping 105

xendoo

NOVEMBER 23, 2020

But if your spouse’s employer offers a plan that covers you, you won’t be able to claim a deduction on any other plan. Out-of-pocket medical expenses, such as doctor and hospital fees, in-home care, and medications, can be deducted on your 2018 return if they exceed 7.5% of your adjusted gross income.

Tax 52

Tax Real Estate Education Legal 52