income tax Maine tax planning tax return 
CTP
DECEMBER 8, 2022
By enticing taxpayers with tax benefits, more people are able and willing to make this sizable and possibly intimidating financial investment. Real estate owners have four main ways to make money off their property: Rental income. Lastly, depreciation can be a major tax planning tool. Appreciation of inventory.
LyfeAccounting
NOVEMBER 17, 2020
Like, literally, I paid my payroll taxes one-day late by accident, the IRS sent me a penalty for over $1,000. In addition, I didn’t know the requirements of income taxes, especially for self-employed individuals. In this post, I’m going to fully explain the difference between payroll taxes and income taxes.
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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!
Menzies
MAY 11, 2023
One of the main aspects you need to think about when becoming a landlord is the tax position and ensuring that you meet the tax reporting requirements. When you start receiving rental income, you must notify HMRC by 5 October following the end of the tax year rental income commenced to register for Self Assessment.
ThomsonReuters
MARCH 1, 2024
To the IRS, S corporations (S corps) are considered “ pass-through entities ”, which means any deductions, losses, income, credits, and profits pass through directly to shareholders, who report their share of the business’s performance on their own personal tax returns. For 2024, S corp taxes are due on March 15, 2024.
xendoo
FEBRUARY 23, 2022
More complex returns will incur higher fees. Often you may offset the cost of these services with your tax refund if you are eligible for one. If you choose to use a local accounting firm that specializes in tax return preparation, you will pay significantly more. How Much Time Do You Spend Preparing Your Return?
Going Concern
MARCH 18, 2024
Under the plan, Deloitte’s main business units will be cut to four — audit and assurance; strategy, risk and transactions; technology and transformation; and tax and legal — from the five the firm has had since 2014. I have an update to this story to get up later.
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