Withum

JANUARY 2, 2024

Pennsylvania Senate Bill 815, signed into law on December 14, 2023, amended the Pennsylvania tax code to recognize irrevocable grantor trusts for tax years beginning after January 1, 2025. These transactions will now be disregarded for Pennsylvania income tax purposes as well.

Pennsylvania 78

Pennsylvania income tax Tax tax return 78

CPA Practice

DECEMBER 10, 2023

Tax preparation has its spotlight, tax planning follows a rhythmic beat … and tax advisory ? While we’ve used terms like tax planning and tax advisory interchangeably because they feel similar, they are quite different—like fall and winter. Proactivity Tax planning is proactive.

tax planning 69

tax planning Tax tax preparation bookkeeping course 69

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. In addition, some states have flat tax rates, such as Pennsylvania and Illinois.

income tax 52

income tax tax planning South Dakota Wyoming 52

CPA Practice

DECEMBER 19, 2023

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. States with tighter schedules include Illinois and New York (up to 60 days) and Virginia (up to 15 days).

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

Withum

FEBRUARY 21, 2022

Olga Blyweiss is a Partner in Withum’s Tax Services Team, specializing in Private Client Services, State and Local Tax, Year-End Tax Planning and Estate and Trusts. The post Withum’s Olga Blyweiss Featured on NBC 10 Philadelphia’s NBC10 Responds appeared first on Withum.

Pennsylvania 52

Pennsylvania tax return tax planning public accounting 52

CPA Practice

FEBRUARY 7, 2024

Impact on investors The expiration of opportunity zones will have a significant impact on investors who are looking to take advantage of the tax incentives that many investors are calling the best opportunity for tax planning in a generation.

Tax 105

Tax Pennsylvania Texas Washington 105

Going Concern

MAY 5, 2023

Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. Peter Collins, the former PwC partner who leaked confidential government tax plans, has been banned until next year from acting as a tax practitioner.

audit 111

audit cpas auditor Mississippi 111