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Why Hiring a Tax Pro Boosts Your Small Business (and Saves You Money)

MyIRSRelief

They stay current on the latest regulations, ensuring your business maximizes legal tax breaks on forms like 1120, 1120S, and 1065, while minimizing liabilities. Compliance Navigation: Tax compliance goes far beyond just filing. Tax Planning and Strategy: A skilled tax professional is more than just a filing machine.

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The Benefits of Delayed Business Filings

CPA Practice

States with tighter schedules include Illinois and New York (up to 60 days) and Virginia (up to 15 days). Administrative considerations: If administrative or logistical challenges could cause delays, planning for a later filing date may provide the necessary time to address and overcome these issues.

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Founders – Get Huge Tax Breaks by acting now!

Shay CPA

Founders – check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. . R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits?

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Top tax season client questions

ThomsonReuters

There are new tax laws and changes that could affect your business’s year-end tax planning, including the SECURE 2.0 Act, which made some major changes to employee and employer retirement plans that take effect in 2023. Act (the “Act”) was passed on December 29, 2022.

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10 Ways to Help Gen X Clients Prepare for Retirement

CPA Practice

Small business owners typically struggle with saving for retirement because they juggle operating expenses, payroll, taxes, and financing growth opportunities. Don’t forget about your business owners : According to a study by Guidant Financial, Gen X accounts for 47% of all small business owners.

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Friday Footnotes: IRS Chief Hoping for ‘Financial Sacrifice’; PwC Spin-Off Layoff; KPMG Unites Deals and Other Deals | 10.27.23

Going Concern

Digital Service and 18F, both launched in 2014 to provide experienced capacity to agencies developing new technology products, like the high-profile COVIDtests.gov. Over 1,500 people out of PwC Australia’s more than 9,000 staff were expected to move to the new firm, PwC said in September. 31, 2023, due date is electronically.

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