CTP

JUNE 10, 2022

This can lead to overlooking one key part of the sales process: tax planning. The decisions you make in structuring the sale will have a direct effect on later tax implications and how much of a profit you actually end up making. An S corporation might have accounts receivable, notes receivable, or tax receivable.

Sales 52

Sales Tax income tax tax return 52

Withum

OCTOBER 18, 2023

“Those who fail to plan, plan to fail.” These words apply to all sorts of things in life and, of course, when it comes to taxes. With some economic upheaval and various provisions of the Tax Cuts and Jobs Act (“TCJA”) nearing their end, here are a few things to be mindful of as we cruise into the 4th quarter of 2023.

Tax 59

Tax tax planning tax preparation income tax 59

Withum

JUNE 1, 2022

Over the past two years manufacturers and resellers have struggled to maintain inventory levels due to global supply chain issues, and now are facing the highest inflation rates since 1981. These layers compound over time and create a significant tax deferral. billion in taxes for the industry in 2022. Potentially.

business tax 119

business tax Tax income tax tax return 119

Anders CPA

DECEMBER 6, 2022

As a part of this process, taking a close look at all tax liabilities and implications is an important step. When considering a business purchase or sale opportunity, many will consider the federal income tax implications but overlook the state and local sales taxes. Financial Due Diligence to Meet Economic Nexus.

Tax 52

Tax Manufacturing income tax auditor 52

CPA Practice

JULY 11, 2023

The new promotions touch the firm’s offices in both Pittsburgh and Columbus, and they reach across several areas of the firm’s service offerings, including the firm’s Tax, Audit and Consulting practices, as well as the Merger and Acquisitions/Transaction Advisory practice. Deatrick joined the firm in 2009.

Real Estate 52

Real Estate West Virginia Construction Manufacturing 52

MyIRSRelief

APRIL 15, 2021

Lately, there has been a lot of talk surrounding R&D tax credits, and how they can potentially benefit large and small companies alike, regardless of which industry you happen to be involved in. Here’s a look at several things to know surrounding R&D tax credits. First off, what are R&D tax credits? Increased ROI.

Tax 100

Tax payroll tax tax return Start-ups 100

CPA Practice

FEBRUARY 8, 2023

Following another strong year of aggressive growth, Andersen , a global provider of tax, valuation, financial advisory and related consulting services, has expanded its presence in Orange County, Calif. Likewise, clients in these markets will have access to Andersen’s full suite of tax services and extensive global platform.

Real Estate 52

Real Estate Agriculture Iowa income tax 52

CPA Practice

JANUARY 11, 2024

Kavanagh joins CohnReznick as Assurance Partner CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, recently announced that Charles (Chuck) Kavanagh , CPA has joined the firm as an assurance partner.

Delaware 59

Delaware Georgia CPA bookkeeping 59

ThomsonReuters

JANUARY 18, 2024

Accountant vs. CPA vs. tax preparer: What are the differences? Preparing tax returns. For instance, accountants may specialize in serving nonprofits, manufacturers, restaurants , or dental offices. Jump to: What are the roles and responsibilities for accountants? How can accountants be more efficient?

Account 59

Account accountant accounted tax preparation 59

Withum

MARCH 3, 2023

Supreme Court interpreted sales tax nexus under the Commerce Clause as a minimal physical connection with a state; however, in South Dakota v. 2080 (2018) , the Supreme Court held that physical presence is no longer the only requirement for sales tax nexus and expanded the meaning of nexus to include sales into a state by a remote seller.

South Dakota 52

South Dakota Tax Real Estate Sales 52

Withum

NOVEMBER 17, 2022

2022 Tax Brackets and Rates. Taxable Income Over. 2022 Long-Term Capital Gains Tax Bracket. Taxable Income (Including Capital Gains) Over. Year-End Tax Strategies for Individuals. Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA.

tax planning 98

tax planning Tax Construction income tax 98

Withum

MARCH 3, 2022

A topic that got a tremendous amount of attention was LIFO(last in, first out) – with the limited supply of new vehicles out there, LIFO was going to be an income pick-up this year, and a particularly nasty one at that. in future years (assuming any tax reform could get through Congress).

Tax 52

Tax income tax Start-ups Manufacturing 52

ThomsonReuters

OCTOBER 19, 2022

In this edition, we take a look at the recently enacted corporate alternative (book) minimum tax; new elections to convert credits to cash or tax payments; changes to the electric vehicle credit; recent legislation in Kansas, Kentucky, and Missouri; and state taxation of forgiven student loans. Corporate Alternative (Book) Minimum Tax.

income tax 64

income tax Kansas Kentucky Tax 64

KROST

NOVEMBER 24, 2020

In the last few months of the year, it is important to consider year-end tax planning opportunities, as many may provide both immediate and long-lasting financial benefits. Whether it be refining past plans, developing new ones, or a combination of both, our office is ready to assist you. 179 small business expensing provision.

tax planning 52

tax planning Tax California income tax 52

KROST

FEBRUARY 14, 2022

SB113 addresses numerous tax provisions, including correction to issues related to Assembly Bill 150 (AB150). AB150 allowed certain owners of qualified passthrough entities to work around the individual $10,000 federal limit on SALT deductions by paying a new elective state pass-through entity (PTE) tax. Tax , Technology Industry.

Tax 52

Tax California CPA Real Estate 52

KROST

MARCH 22, 2021

Generally, income tax and reporting requirements would not be reported separately. Rather, they would have been reportable on the owner’s US tax return. This doesn’t mean that the SMLLC will be taxed like a Corporation. Tax , International Tax , Manufacturing & Distribution. About the Author.

tax return 52

tax return income tax Entertainment CPA 52