CTP

NOVEMBER 16, 2023

The American Institute of Certified Tax Planners (AICTP) offers a full-service solution to developing CAS in your firm focusing on the specialization of tax planning. AICTP provides a true roadmap for shifting your business model to support advisory centered client relationships through tax planning and value pricing.

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CPA Practice

NOVEMBER 27, 2023

Corvee, a maker of tax planning technology for businesses and tax pros, has added Augusta Rule deduction filing guidelines into its Instead and Instead Pro tax planning systems. For more information on Instead, visit www.instead.com.

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CTP

AUGUST 11, 2022

Have you asked yourself, do I really have to study tax planning? Can’t I just select a software providing Artificial Intelligence to inform me what to do? If you’ve read my articles about tax planning before, no doubt you’ve read my description of tax planning software as an instrumental tool.

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CTP

JANUARY 9, 2023

Let’s look at an example: A tax planning business needed a way for customers to call in, get basic information, and connect with the right person who could finalize the sale. All the business owner had to do was write a script for the answering service to follow, and valuable hours were freed up for tax preparation work.

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CTP

JANUARY 22, 2024

What does it look like to operate ethically in the world of tax planning? Say the company itself wants to hire you to do its yearly tax plan. How do you decide how to construct the business’ tax plan? The short answer is “yes,” provided that you gain written informed consent from all affected parties.

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CTP

OCTOBER 17, 2022

Let’s look at an example: A tax planning business needed a way for customers to call in, get basic information, and connect with the right person who could finalize the sale. All the business owner had to do was write a script for the answering service to follow, and valuable hours were freed up for tax preparation work.

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ThomsonReuters

NOVEMBER 9, 2023

Year-end strategy #3: Shift your value proposition to advisory By using technology to automate traditional tax compliance work, more and more accounting firms are engaging clients based on the value and experience they bring to the table.

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Shay CPA

NOVEMBER 29, 2023

It’s your year-end tax planning to-dos. Taking some time to get yourself sorted could mean thousands of dollars of savings between your startup’s income, payroll, sales, and foreign taxes. Before you start operating abroad, you’ll need to file Form 6166 to get a tax residency certificate.

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Cherry Bekaert

NOVEMBER 15, 2023

Join us and be at the forefront of tax-saving excellence: Identify key actions to address tax burden before the year-end Stay informed about recent IRS updates and court rulings that affect you Explore options for the seamless transfer of family wealth to future generations Questions?

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inDinero Tax Tips

DECEMBER 22, 2023

Introduction As 2023 draws to a close, it’s pivotal for small businesses to scrutinize their financial status and strategize effectively for tax reduction and a robust financial future. Despite a static tax legislative landscape, the looming possibility of future amendments necessitates proactive tax planning.

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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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Inform Accounting

FEBRUARY 27, 2024

With the closure of the 2023 tax year approaching on April 5, 2024, there remains an opportunity to assess your tax strategies and capitalise on current year-end possibilities.

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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!

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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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Withum

AUGUST 24, 2023

Make sure you are considering the type of income when implementing state income tax planning techniques. State Tax Rates States without personal income taxes allow taxpayers to significantly reduce their overall tax liability.

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CTP

AUGUST 11, 2022

Question : How much time should I devote to studying tax planning? Can’t I just select a software providing artificial intelligence to inform me what to do? If you’ve read my articles about tax planning before, no doubt you’ve read my description of tax planning software as an instrumental tool.

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Withum

NOVEMBER 17, 2022

Failing to prepare for a tax examination at the outset of a move jeopardizes the ability to ultimately prevail at the audit. Failing to plan = planning to fail. 2022 Year-End Tax Planning Resources. The use of “cookies” on a customer’s device to gather information on shopping trends or to track inventory.

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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. Inform yourself about the new BEPS rules .

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Anders CPA

DECEMBER 8, 2022

The end of the year is an opportunity to get your affairs in order for the year ahead, and when it comes to tax planning, the sooner you begin preparations the better. As 2023 approaches, there are actions that can be taken now to offset or minimize your tax burden. Reevaluate Payroll Deductions and Other Benefits.

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Withum

NOVEMBER 29, 2022

This is a complex area with tax implications so please reach out to your real estate tax professional for guidance. For more information on this topic, please contact a member of Withum’s Real Estate Services Team. Author: Christopher Suto , CPA | csuto@withum.com. Contact Us. Let’s Chat.

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MyIRSRelief

MARCH 29, 2024

These services can include financial analysis, which helps in identifying trends, managing cash flow effectively, and making informed decisions that can lead to business growth and stability. It involves analyzing financial situations from a tax perspective to plan transactions and utilize tax credits and deductions effectively.

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MyIRSRelief

FEBRUARY 8, 2023

Tax Preparation, Tax Planning, and Tax Representation: Understanding the Importance of Professional Assistance Tax preparation, tax planning, and tax representation are all crucial components of managing your finances and ensuring that you meet your tax obligations.

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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). Incorrect information can lead to penalties, interest charges, and even audits.

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Withum

FEBRUARY 20, 2024

As you navigate our complicated tax code, you need a partner and important information in order to make the appropriate adjustments. This tax pocket guide is an essential resource that will help you evaluate and estimate your 2024 tax obligations.

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CPA Practice

DECEMBER 14, 2023

“The new standard responds to calls from investors for more transparent, decision-useful information about a company’s income taxes,” stated FASB Chair Richard R. It also includes certain other amendments to improve the effectiveness of income tax disclosures.

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CPA Practice

MAY 3, 2024

Wolters Kluwer Tax & Accounting (TAA), a global leader in professional information, software solutions, and services, today announced plans to deliver new AI-enabled capabilities to tax and accounting professionals, as part of its innovation strategy centered on firm intelligence.

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MyIRSRelief

DECEMBER 1, 2023

This is a significant reduction from the previous tax structure, which taxed profits at rates ranging from 15% to 35%. Corporation Income Tax Return. This form includes information about the corporation’s income, gains, losses, deductions, credits, and tax liability. Can a C Corporation carry forward losses?

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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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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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MyIRSRelief

OCTOBER 3, 2022

However, individuals who fail to pay taxes can suffer penalties and potential criminal charges. There is a substantial amount of time you have to file your taxes, but the process can seem hefty. Furthermore, there are different kinds of tax advisors that serve a purpose to fit your needs.

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MyIRSRelief

NOVEMBER 17, 2023

Shareholders then report this information on their personal tax returns. The IRS requires that an S Corporation pays its owner-employee a “reasonable” salary, which is subject to employment taxes. It’s essential to understand these aspects to make the most of your S Corporation status and reap the potential tax savings.

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MyIRSRelief

JUNE 23, 2023

They utilize their expertise to prepare accurate and timely tax returns (1040, 1041, 1120, 1120S, 1065 and other tax returns), ensuring compliance while maximizing deductions and credits. b) Tax Planning: Enrolled Agents provide strategic tax planning advice to minimize tax liability and optimize financial outcomes.

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MyIRSRelief

DECEMBER 15, 2022

Some of the benefits include: Improved financial management: Proper accounting and bookkeeping can help small business owners to get a better understanding of their financial situation, including how much money they are making, what their expenses are, and how much they owe in taxes.

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Withum

JANUARY 20, 2023

As you navigate our complicated tax code, you need a partner and important information in order to make the appropriate adjustments. This tax pocket guide is an essential resource that will help you evaluate and estimate your 2023 tax obligations.

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Withum

NOVEMBER 28, 2023

2023 Year-End Tax Planning Resources Withum’s Year-End Tax Planning Resource Center is a one-stop-shop for annual tax planning tips for individuals and businesses, legislative and regulatory changes and other tax-saving opportunities.

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CPA Practice

MARCH 16, 2023

Investors currently rely on the rate reconciliation table and other disclosures, including total income taxes paid in the statement of cash flows, to evaluate income tax risks and opportunities, according to the FASB.

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Withum

NOVEMBER 14, 2023

As the 2024 election quickly approaches, the increase in estate and gift tax exclusions may bring new opportunities for your estate and gift tax planning, even for those clients who made significant prior gifts.

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