CPA Practice

OCTOBER 18, 2024

TaxPlanIQ, a provider of tax planning software for tax and accounting firms, is hosting a one-day free Virtual Summit entitled “Your Playbook for Building a Tax Planning Empire” next week. This online-only event will take place from 11 a.m. Free registration is available until Oct.

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tax planning Tax CPA accounting firms 59

Accounting Today

SEPTEMBER 26, 2024

2024 has so far not produced significant tax legislation impacting year-end tax planning, but it continues to be impacted by legislation from prior years,

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tax planning Tax 122

Accounting Today

MAY 8, 2025

The International Ethics Standards Board for Accountants staff posted guidance to support adoption of its Tax Planning and Related Services Standards.

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tax planning Tax accounted Account 59

MyIRSRelief

JULY 17, 2023

Tax planning is a vital aspect of financial management, both for individuals and businesses. It involves a proactive approach to legally reduce tax liabilities by optimizing financial decisions throughout the year. Section 1: The Importance of Tax Planning 1.1. Section 2: Tax Planning for Individuals 2.1.

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tax planning Tax income tax accounting and finance 130

CTP

APRIL 21, 2025

Where does the tax planning opportunity come in? The legal requirements for each are very different, as are their tax planning needs. For a for-profit collective, a major part of tax planning is going to be entity selection. For instance, think of oil and gas tax credits or solar tax credits.

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tax planning Tax Non-Profits Sports 52

Withum

FEBRUARY 3, 2025

Regularly reviewing your interest expenses and adjusted taxable income is a smart tax planning strategy. million of assets to shorter depreciable tax lives, the dealership realized over $2.3 Let’s Chat The post Tax Planning Strategies for Car Dealerships: Cost Segregation appeared first on Withum.

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tax planning Tax Construction 52

MyIRSRelief

DECEMBER 15, 2023

Top 10 Tax Planning Concepts for W-2 Earners As a W-2 earner, understanding tax planning concepts can help you maximize your tax savings and ensure you’re making the most of your income. Here are the top ten tax planning concepts you should know.

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tax planning Tax Education income tax 130

Withum

JULY 24, 2024

Investment and Retirement Planning: Consult with wealth management experts to plan for your financial future. For a detailed checklist to keep on hand, download our Tax Planning Checklist for New Law Firm Partners. Contact Us The post Tax Planning Guidance for Newly Promoted Law Firm Partners appeared first on Withum.

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tax planning Tax tax return CPA 127

CTP

SEPTEMBER 20, 2024

A report from CPA Practice Advisor states that 42% of accounting firms are now offering some form of advisory services, ranging from cash flow management to outsourced CFO functions to advanced tax planning. Click here for a FREE SAMPLER of AICTP’s tax planning program! AICTP has the solution.

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tax planning Tax CPA accounting firms 98

MyIRSRelief

OCTOBER 11, 2024

If you’re searching for an “Enrolled Agent near me,” you’re likely looking for someone who can provide a wide range of tax services. Get help today by calling us at 1-877-78-TAXES [1-877-788-2937]. Developing a Tax Plan: Once tax-saving opportunities are identified, the Enrolled Agent will develop a tax plan.

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tax services payroll tax Tax tax preparation 130

Accounting Today

SEPTEMBER 17, 2024

Between the coming sunset of the Tax Cuts and Jobs Act, the presidential election and a host of other factors, this is shaping up to be a tough year for advising clients.

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tax planning Tax 122

CTP

NOVEMBER 15, 2023

That’s why tax planning is gaining in popularity. Some obvious reasons are mistakes or oversights on their tax returns. But another problem is that the accounting industry is not trained how to LOOK FOR NEW ways to reduce your taxes that you have not yet taken advantage of. Not all tax planning is the same!

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tax planning Tax tax preparation tax return 111

CPA Practice

NOVEMBER 20, 2024

Key findings include: 57% plan to increase fees across all services. 90% plan to increase fees for individual tax returns. 87% plan to increase fees for business tax returns. 70% plan to increase fees for tax planning and advisory services.

accounting firms 116

accounting firms Account accountant accounted 116

GrowthForceBlog

NOVEMBER 30, 2023

7 min read No matter the size of your company, tax planning can be a major headache because the process can be complex and stressful.

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tax planning Tax bookkeeping accounted 113

Accounting Today

OCTOBER 25, 2023

In spite of the lack of new tax legislation so far this year, taxpayers and tax preparers have plenty to focus on in preparing 2023 returns.

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tax planning Tax tax preparation 138

Nancy McClelland, LLC

AUGUST 22, 2024

Today I’d love to highlight their upcoming session on August 29th: “ Tax Planning for Military Personnel and Spouses “ NATP Instructor Mari Fries, EA, CFP explains that at the core of all military returns is the Servicemember’s Civil Relief Act (SCRA) and in more recent years the Military Spouse Residency Relief Act (MSRRA).

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tax planning Tax Education CPA 111

CTP

NOVEMBER 2, 2023

What taxpayers may not realize is that the amount of retirement income that goes toward taxes can considerably lower the funds available to sustain the type of life they imagined for themselves. This is where offering your assistance as a Certified Tax Planner can be invaluable.

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tax planning Tax Sales Account 105

Ace Cloud Hosting

NOVEMBER 22, 2023

Tax planning is a proactive approach that involves looking ahead to identify and implement strategies that can reduce your workload. It’s about understanding your clients’ financial goals and assessing.

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tax planning cpas Tax accountant 110

ThomsonReuters

FEBRUARY 15, 2024

Jump to: Enabling the growth opportunity Tax planning with AI AI presents no shortage of opportunities. In a way, tax and accounting professionals can attain their goals with artificial intelligence. As tax professionals incorporate more AI into their tax planning workflows, they will be able to bring more services in-house.

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tax planning Tax accounting and finance accounted 105

Accounting Today

OCTOBER 1, 2024

This election season could have a more significant effect on tax policy than most. How can CPAs guide their clients through this potential volatility in tax policy?

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tax planning Tax cpas 113

CTP

JULY 16, 2024

Having a system in place for promptly and clearly documenting your advice and the details of your tax plans is essential for a number of reasons: Managing Risk and Liabilities. Even tax planners may find the constant shifts in tax policy and the long lists of nuances and exceptions for each law confusing.

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tax planning Tax Legal financial statements 94

CTP

NOVEMBER 9, 2023

However, if they begin the strategy earlier, they may be able to lock in a 22% tax bracket or lower, since they have more control over which buckets they are drawing from and when. For ongoing training on the most timely strategies for retirement tax planning, register with us to become a Certified Tax Planner today.

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tax planning Tax income tax tax accountant 105

CTP

FEBRUARY 20, 2024

By Dominique Molina, CPA MST CTS You’re in the business of tax planning, and you pride yourself on being the go-to expert for navigating the complex world of taxes. It’s a widespread belief, but it barely scratches the surface of what tax planning can do. So, keep an open mind as you read on.

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tax planning Tax Real Estate Education 98

Accounting Today

MAY 6, 2025

A relatively smooth filing season offered a lot to learn about the future of the IRS, the importance of tax planning, changes in liability patterns, and more.

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Tax tax planning 100

CPA Practice

DECEMBER 26, 2024

With a thorough understanding of their unique circumstances and the latest tax regulations, you can transform complex tax challenges into clear, actionable solutionssetting the stage for your clients financial success in 2025 and beyond.

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tax planning Tax 116

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.

Real Estate 109

Real Estate tax planning Construction Tax 109

Withum

DECEMBER 18, 2024

2024 Year-End Tax Planning Resources Nows the time to review your year-end tax planning options and strategies for the 2024 tax season. Withums Year-End Tax Planning Resource Center offers tips, legislative updates, and tax-saving opportunities for individuals and businesses.

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Tax auditor financial statements income tax 122

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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tax planning accounting firms Tax Technology 105

TaxConnex

NOVEMBER 2, 2023

Most CPAs use the fourth quarter of the year for audit and tax planning for clients, strategic planning for the firm and of course, CPE.  As you are contemplating your clients’ needs and identifying tax planning for them, don’t forget about sales tax planning as well.

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Sales Tax income tax tax planning 263

Going Concern

NOVEMBER 7, 2024

Nearly half of firms surveyed by Ignition (49%) charge $400 to $799 for basic individual tax return services, with approximately 17% nationally charging less than $400. The greatest variance in pricing was for tax planning and advisory services in particular.

cost accounting 116

cost accounting accounting firms Account accountant 116

Accounting Today

DECEMBER 11, 2024

With changing tax regulations and incentives, staying informed about the latest updates is crucial for optimizing client outcomes.

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tax planning Tax 95

RogerRossmeisl

OCTOBER 25, 2020

Heralded as containing the most sweeping changes in decades, new rules such as the 30% Business Interest Limitation and the 20% Qualified Business Income deduction have turned tax planning on it’s ear. Looking at everything with a new set of eyes can be very. well, eye-opening. The same goes for the dealership returns.

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CPA tax planning Tax cpa firm 246

CPA Practice

OCTOBER 28, 2024

Established in 1965, RBSK Partners is a full-service accounting firm that offers a comprehensive range of services, including tax planning and preparation, business advisory, audits and reviews, and more. The firm has offices in Batesville, Brookville, Columbus, Greensburg, and Seymour in Indiana.

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Indiana CPA audit tax planning 98

Accounting Today

JUNE 11, 2024

Jeffrey Levine and The American College of Financial Services hope to help more financial advisors branch into the related but historically separate field.

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tax planning Tax Education 89

CTP

DECEMBER 2, 2024

However, if your warranty only covers the first 60 or 90 days after the tax plan is submitted to your client, an audit is not going to occur within that timeframe. That depends—on what type of audit protection you may choose to offer along with your tax plans. The IRS is not out to get you as a tax planner.

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audit Tax auditor tax planning 95

CTP

OCTOBER 28, 2024

Your tax filings and related documentation might be relevant, so you would need to ensure that household payroll tax returns are filed, for example. From a tax planning perspective, careful charitable planning opens the door to great tax reduction strategies.

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Tax Government Real Estate payroll tax 105

CTP

MARCH 21, 2025

Unlike other tax planning strategies, the only business purpose a partnership needs to claim a special allocation is what is called economic impact. Your job is to emphasize the value of special allocations as part of the tax plan and identify the need for an agreement with clear language that will be honored by the IRS.

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Tax tax planning Maine accounted 89