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Tax Planning Versus Preparation – What is the Difference? – Part 2

CTP

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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Professionals on the Move – April 2024

CPA Practice

Based in CohnReznick’s Manhattan office, Jhung provides assurance and attestation services throughout a real estate entity’s life cycle, from start-up through dissolution. He serves clients in diverse industries, including manufacturing, technology, and real estate, providing tailored tax planning and consulting services.

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2022 Year-End Tax Planning Checklist

Withum

Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Doing so may enable you to claim larger deductions, credits, and other tax breaks for 2022 that are phased out over varying levels of adjusted gross income (AGI). million in 2023).

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Tax Credits & Incentives Advisory Services

Cherry Bekaert

Cost Segregation Plus Services Conducting a cost segregation analysis can help your organization implement a tax planning strategy that could accelerate substantial depreciation deductions, reduce tax liability and defer tax payments.

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Don’t Let Retirement Tax Benefits Pass By Your Business Clients

CPA Practice

Tax Credits and Benefits for Small Businesses First, there is support for small businesses in an increase of the credit to help with the administrative costs of setting up a retirement plan, an expansion of eligibility for the start-up tax credit and the addition of new credits for employer contributions.

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Spotlighting Women in Advisory Practice: “Building an advisory firm around flexibility is key,” says Sandy Heit of ModernCPAs

ThomsonReuters

“However, I discovered I really loved being back in accounting, so I shut down my photography business.” Sandy Heit of ModernCPAs Heit was at the firm for a few years when a recruiter she knew personally reached out with an opportunity to head up an accounting practice for a start-up family office for a high-net worth individual. “My

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R&D Tax Credits – Important Things to Know

MyIRSRelief

Can start-ups still benefit? Another common question that people ask regarding this particular scheme, is whether or not start-ups can benefit. You see, start-ups generally don’t expect to pay any taxes for several years, not unless they are particularly successful from the get-go.

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