CPA Practice

DECEMBER 21, 2023

To help companies and individual taxpayers understand their planning options, Grant Thornton LLP, one of America’s largest professional services firms, has released 2024 tax-planning guides for businesses and individuals. Tax-planning considerations for individuals 1. Document and substantiate. Consider timing.

tax planning 59

tax planning Tax Real Estate accounting and finance 59

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. The post <strong>How to Increase Efficiency in Your Tax Planning Business</strong> appeared first on Certified Tax Coach.

tax planning 97

tax planning Tax tax preparation tax return 97

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. The post How to Increase Efficiency in Your Tax Planning Business appeared first on Certified Tax Coach.

tax planning 98

tax planning Tax tax preparation tax return 98

CTP

MARCH 16, 2021

Here are three common problems and their solutions to help you develop a successful and strategic tax planning sales pitch. The value of your tax plan has to be obvious to your clients, but it can be difficult to quantify. The post Three Reasons Why Your Tax Plans Aren’t Selling (& What to Do!)

tax planning 98

tax planning Tax Sales 98

CTP

OCTOBER 26, 2021

The post Tax Planning for a Business Sale: Factoring in Goodwill appeared first on certifiedtaxcoach. Tax Planning for a Business Sale: Factoring in Goodwill was first posted on October 26, 2021 at 9:00 am. The goodwill […].

tax planning 52

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Withum

AUGUST 24, 2023

Capital Gains Compensation income generally is taxed where an individual performs the services, whereas capital gain income is taxed to an individual’s state of residency at the time of the sale. Make sure you are considering the type of income when implementing state income tax planning techniques.

income tax 52

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CTP

DECEMBER 8, 2022

Given its surging popularity and lesser-known tax rules, we will focus this article on short-term rentals. Again, sites like Airbnb and the evolution of the gig economy are presenting opportunities for income and tax planning that were not available before. Lastly, depreciation can be a major tax planning tool.

Real Estate 98

Real Estate tax planning income tax Tax 98

Withum

NOVEMBER 17, 2022

Today, almost all states employ economic nexus concepts, whereby merely having sales sourced to a state generally result in a filing requirement even without a physical presence. States across the nation use different sourcing rules and methodologies to assign sales to a state. Income tax apportionment. ultimate customer).

tax planning 52

tax planning Tax income tax CPA 52

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. Qualified Business Income (QBI) Optimization. CONTACT ANDERS.

tax planning 52

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CTP

JUNE 10, 2022

Even if you have never assisted a client with the sale of a business, as a tax planner you have the potential to provide tremendous value in the planning process. The most common type of business sale is when an entity sells its business assets, which could include a diverse array of asset types.

Sales 93

Sales Tax income tax tax return 93

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.

tax planning 52

tax planning Tax corporation tax Technology 52

CTP

NOVEMBER 9, 2021

As a tax advisor, you will need to employ different strategies when you are representing a buyer vs. seller in the sale of a company. Buyers and sellers tend to have diametrically opposed preferences, since what is advantageous for one is often disadvantageous for the other from a tax perspective.

tax planning 52

tax planning Tax Sales 52

CTP

NOVEMBER 2, 2021

Tax planners need to employ different strategies depending on whether they’re representing the buyer or the seller in the sale of a company. Buyers and sellers have competing interests when it comes to tax advantages—what is good for the buyer is often bad for the seller and vice versa.

tax planning 52

tax planning Tax Sales 52

CTP

NOVEMBER 16, 2021

As a tax advisor, you will need to employ different strategies when you are representing a buyer vs. seller in the sale of a company, since what is advantageous for one is often disadvantageous for the other. On top of that, you will also need to consider how different entity types are treated from a tax perspective.

tax planning 52

tax planning Tax Sales tax return 52

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. The most common type of business sale is when an entity sells its business assets.

Sales 52

Sales Tax income tax tax return 52

MyIRSRelief

OCTOBER 3, 2022

According to the IRS, in 2019, Los Angeles county residents had 4,806,030 total 1040 tax returns. The minimum combined 2022 sales tax rate for Los Angeles County, California is 10.25%. This is the total of state and county sales tax rates. The California state sales tax rate is currently 6%.

tax services 147

tax services California Tax tax preparation 147

MyIRSRelief

APRIL 29, 2024

By providing a combination of tax planning, bookkeeping, and financial guidance, they empower small businesses to thrive, focusing their energy on what they do best – innovation, growth, and serving their customers. Understanding sales tax regulations, occupancy taxes, and fluctuating seasonal income is essential for these businesses.

Tax 130

Tax bookkeeping Account accountant 130

SkagitCountyTaxServices

NOVEMBER 17, 2021

We mean the sales tax in states where you sell your stuff. Yes, if you sell enough online, you’ve got to pay attention to the sales tax nexus. Skagit County Business Owners: Beware the Sales Tax Nexus. That little bit is the local sales tax. Taxing in a boom. That’s a lot of sales tax.

South Dakota 52

South Dakota Sales Tax E-commerce 52

Withum

FEBRUARY 15, 2024

Tax loss harvesting is an income tax planning strategy that involves selling investments at a loss with the intent to offset capital gain income. This strategy is beneficial to taxpayers who have large capital gain income and are seeking ways to lower their related income tax liability.

Tax 123

Tax income tax New Jersey CPA 123

MyIRSRelief

NOVEMBER 17, 2023

It’s essential to understand these aspects to make the most of your S Corporation status and reap the potential tax savings. Top 5 Tax Planning Concepts for S Corporations Navigating the tax landscape as an S Corporation can be complex, but with the right planning strategies, you can maximize your tax savings.

corporation tax 130

corporation tax Tax tax return Non-Profits 130

CTP

APRIL 10, 2024

A common dilemma facing partnerships is that different partners will need different things, financially speaking—this applies to the sale of a property. Some partners may not want to sell a property and pay capital gains taxes because they are in a higher bracket. Some may get married or divorced or have family members pass away.

Real Estate 105

Real Estate Tax tax planning tax return 105

Withum

NOVEMBER 28, 2023

They work particularly well for trusts and individuals with substantial ordinary investment income or those contemplating the sale of a closely-held business or other major asset.

income tax 52

income tax tax planning Tax payroll 52

PYMNTS

OCTOBER 19, 2020

However, the OECD cautioned about the potential of an international trade war brought by different nations rolling out digital services taxes on their own to assist in their economic rebounds from COVID-19 in the event nations don’t all agree on the new tax regulations. France Will Proceed With Controversial Digital Services Tax Plan.

Technology 57

Technology tax planning Tax Government 57

PYMNTS

AUGUST 26, 2019

He said the government is targeting overall tax revenue of 2 trillion baht in the current fiscal year to Sept. Sales via social media in Thailand more than doubled to 334.2 30 and is aiming for 2.116 trillion baht in the next fiscal year. . billion baht ($10.92

tax planning 55

tax planning Tax Government Sales 55

Cherry Bekaert

MAY 3, 2024

Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities. With proper tax planning a company is able to reduce its worldwide effective tax rate as it expands overseas. CFC income that is classified as GILTI is taxed in the U.S.

Tax 96

Tax income tax Non-Profits corporation tax 96

Shay CPA

DECEMBER 2, 2022

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?

Tax 59

Tax CPA tax planning payroll tax 59

CTP

NOVEMBER 2, 2023

The percentage of your retirement income that gets redistributed to taxes could considerably impact your quality of life during retirement—if you don’t have a plan in place. Formulating a tax plan for retirement allows your funds to stretch much farther than they would have otherwise.

Tax 52

Tax tax planning Real Estate Sales 52

Withum

JANUARY 2, 2024

One issue that arose from Pennsylvania’s treatment of irrevocable grantor trusts as a separate taxable entity from the grantor was the inability of trusts and/or grantors who were taxed on the same income in multiple states to claim a credit for taxes paid to other states.

Pennsylvania 78

Pennsylvania income tax Tax tax return 78

CPA Practice

SEPTEMBER 19, 2023

Many of the tools used to minimize income tax in this situation have a charitable giving component. When properly planned and implemented, three separate goals are achieved. Second, there is an income tax deduction equal to the fair market value of the appreciated asset contributed to the charitable structure.

tax planning 116

tax planning Tax income tax Sales 116

DuctTapeMarketing

JULY 14, 2018

They’ll partner you with a dedicated accounting team and provide three simple monthly rates that include your bookkeeping, sales tax, planning support, corporate tax return, and unlimited access to your dedicated CPA team. Customer Journey. Mobile Marketing. Email Marketing. Paid Search. Social Media. Advertising.

bookkeeping 238

bookkeeping accounting and finance accounting software bookkeeping services 238

CTP

JUNE 24, 2022

As part of the tax planning process, business owners looking to sell their S corporation first need to establish whether they are selling the stock or the assets of the business. What is the difference from a tax perspective? Again, you will want to hold onto at least one share.

Tax 98

Tax Non-Profits tax planning Sales 98

CPA Practice

MAY 10, 2024

She has a wide range of SALT experience including income and franchise, sales and use, provisions, compliance, M&A and transactions work, and audits. He provided technical leadership on multistate tax issues and focused on developing new service offerings, thought leadership, training, quality control, and risk management.

Tennessee 52

Tennessee audit New York income tax 52

CPA Practice

JANUARY 22, 2024

Careful planning can use this individual ownership interest to save substantial tax in the event of the sale of the corporation or company. million in tax on the sale and a safe, predictable stream of income in the amount of $180,000 per year for his and his spouse’s lives. This is for at least two reasons.

Tax 98

Tax income tax Sales cpas 98

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is indirect tax? Types of indirect tax The value of indirect tax to tax professionals Differences between direct and indirect tax Tax planning and management is one of the primary areas accountants help their clients. Taxes are either direct tax or indirect tax.

Tax 52

Tax income tax Manufacturing corporation tax 52

ThomsonReuters

JULY 6, 2023

research and development credits) Trade and customs tax services and guidance Transfer pricing evaluation , documentation, and modification of existing policies Tax valuation services What does a tax advisor do?

Tax 98

Tax tax return income tax audit 98

Going Concern

MAY 2, 2024

QuickBooks, Go-Systems, Oracle Remote Work Experience: Y Goal: Remote Senior Tax opportunity, CPA support, promotional opportunity Salary: $90K Time Zone: Eastern Sign up to learn more about this candidate FTE Tax and Accounting | Candidate ID #20076015 Certifications: QuickBooks Online ProAdvisor Education: BS Accounting Experience (years): 30+ (..)

Real Estate 57

Real Estate Account accountant accounted 57

Cherry Bekaert

NOVEMBER 14, 2023

Contributor: Chelsea Payne , Senior Manager, Tax Services As the end of the year approaches, strategic planning remains crucial for taxpayers looking to optimize their financial positions and set the stage for a strong start in the upcoming fiscal year. Not all sales and not all taxpayers can qualify to use the installment sale method.

Real Estate 109

Real Estate tax planning Construction Tax 109