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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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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Cherry Bekaert

NOVEMBER 29, 2023

Prepare for the 2023 tax season with our comprehensive tax planning checklist for individuals. Expert advice on life changes, investments, IRAs, and estate planning. Contact Us The post 2023 Year-End Tax Planning Checklist for Individuals appeared first on Cherry Bekaert. How will your income change in 2024?

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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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Insightful Accountant

MAY 29, 2024

HSAs offer triple tax benefits: pretax contributions, untaxed earnings, and penalty-free withdrawals for medical expenses. Tax pros should be cautious of pitfalls in client tax planning with HSAs.

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Accounting Today

APRIL 15, 2024

The International Ethics Standards Board for Accountants has unveiled a set of ethical standards for business tax planning in response to complaints over tax avoidance by multinational companies.

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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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CTP

NOVEMBER 16, 2022

What are my ethical responsibilities when I use software to produce a tax plan? In the world of taxes, there are many ethical issues that can come into play. And according to the same research firm, the use of AI in the accounting and tax industry will likely grow more than 50 percent by the year 2030.

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CTP

NOVEMBER 16, 2023

The American Institute of Certified Tax Planners (AICTP) offers a full-service solution to developing CAS in your firm focusing on the specialization of tax planning. AICTP provides a true roadmap for shifting your business model to support advisory centered client relationships through tax planning and value pricing.

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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.

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CTP

OCTOBER 3, 2022

What if there was a straightforward way to improve profitability and reduce liability for your tax practice? Creating a written tax plan can separate the professionals from the amateurs. Anyone can come up with an idea and call it a tax plan. Will your client actually implement the plan and realize the savings?

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CTP

JUNE 21, 2024

An experienced tax planner will tell you that you can put together the best techniques, angles, and methods for creating a tax plan, but none of it will matter without implementation. Step 2: Create a Plan for Implementation. Once you have collected all the information you need, you can form a cohesive tax plan.

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CTP

AUGUST 11, 2022

Have you asked yourself, do I really have to study tax planning? If you’ve read my articles about tax planning before, no doubt you’ve read my description of tax planning software as an instrumental tool. The same is true for tax planning software! By Dominique Molina, CPA MST CTS.

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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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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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ThomsonReuters

JANUARY 4, 2024

But where do you begin building your tax planning strategy? Tax planning strategy #1: Utilize short-term staffing solutions As tax season begins, firms in need of a short-term boost in headcount should consider outsourcing services to increase workload capacity.

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CPA Practice

AUGUST 1, 2024

TaxPlanIQ, a provider of tax planning software for tax and accounting firms, announced Thursday that its users have collectively saved their clients more than $1 billion in taxes since the software’s launch in 2020. These are now part of the growing suite of more than 125 planning strategies available in TaxPlanIQ.

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RogerRossmeisl

OCTOBER 28, 2020

Plan gifts that use the annual gift tax exclusion One of the benefits of using the gift tax annual exclusion to make transfers. The post Income Tax Planning as Part of Your Estate Plan appeared first on Roger Rossmeisl, CPA. Here are some strategies to consider.

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Withum

DECEMBER 11, 2023

Upon viewing, you will be able to: Understand recent updates to state and federal tax laws Prepare for open possibilities in the political landscape to come Begin their tax planning process with a knowledgeable background on significant considerations The post On-Demand Webinar: 2023 Year-End Tax Planning for Law Firms and Attorneys appeared first (..)

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CTP

SEPTEMBER 16, 2022

To dive deeper into the details, see our recent Think Outside the Tax Box article on tax planning with HSAs. Example #1: Indira was curious about how the amount she contributed to her IRA would affect her tax savings. To find a Certified Tax Planner near you, click here. EXAMPLES: REDUCING AGI.

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CTP

JANUARY 9, 2023

If you are focused on learning, it could be how many classes you’re taking or how many hours per week you spend on developing your tax planning abilities. Another universally valuable number is how many tax plans you completed this month.

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Withum

DECEMBER 7, 2023

Meet Our Presenters Harris Solis Principal New York, NY Joshua Horowitz Lead New York, NY Michael Pahira Principal Red Bank, NJ Charles Batikha Withum The post On-Demand Webinar: Year-End Tax Planning for Professional Athletes appeared first on Withum.

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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.

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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.

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CPA Practice

NOVEMBER 27, 2023

Corvee, a maker of tax planning technology for businesses and tax pros, has added Augusta Rule deduction filing guidelines into its Instead and Instead Pro tax planning systems.

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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. Build Out Your Systems.

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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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Anders CPA

DECEMBER 18, 2023

To help the construction industry understand the changing tax landscape and prepare for year-end, Anders partnered with Construction Industry CPAs and Consultants (CICPAC) to publish a 2023 Tax Planning Opportunities for the Construction Industry report. Learn more about how Anders works with the construction industry.

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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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CTP

JANUARY 22, 2024

What does it look like to operate ethically in the world of tax planning? Say the company itself wants to hire you to do its yearly tax plan. How do you decide how to construct the business’ tax plan? The post Ethical Issues in Tax Planning: Conflicts of Interest appeared first on Certified Tax Coach.

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Dent Moses

OCTOBER 26, 2022

Dent Moses is committed to helping you maximize your income through a variety of tax-saving strategies. We are sharing our 2022 Year-End/Year-Round Tax Planning Guide. . 2022 Year-End/Year-Round Tax Planning Guide. Also, in the coming weeks, we’ll take a deeper dive into some specific strategies.

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Shay CPA

NOVEMBER 29, 2023

It’s your year-end tax planning to-dos. Taking some time to get yourself sorted could mean thousands of dollars of savings between your startup’s income, payroll, sales, and foreign taxes. Before you start operating abroad, you’ll need to file Form 6166 to get a tax residency certificate.

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CTP

MARCH 9, 2022

Visit social media or google these days and you’ll most likely see advertisements for Tax Planning. But many taxpayers (and even tax pros) are confused about the differences between tax planning and tax preparation. Why is it impossible to do tax planning at the same time as you prepare a tax return?

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CTP

AUGUST 18, 2022

Both of these are opportunities to highlight your tax planning services to a whole new audience. In these cases, a financial planner may be able to attract more clients because financial planning is a more familiar service. The endorsement of a trusted advisor can also go a long way with prospects. Join AICTP today!

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Anders CPA

AUGUST 2, 2022

Crypto Tax Planning for 2022. Anders is keeping an eye on evolving reporting requirements and tax treatment of cryptocurrencies. The post Wash Sale Rules and Cryptocurrency Tax Planning for 2022 appeared first on Anders CPA. Under the Build Back Better Act, which has been defeated in the U.S. CONTACT ANDERS.

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Cherry Bekaert

NOVEMBER 14, 2023

Discover actionable steps to reduce taxable income in the upcoming year Delve into the anticipated law changes for 2024, gaining a strategic advantage in your tax planning Learn actionable steps to minimize your taxable income in 2024 Questions?

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inDinero Tax Tips

DECEMBER 22, 2023

Introduction As 2023 draws to a close, it’s pivotal for small businesses to scrutinize their financial status and strategize effectively for tax reduction and a robust financial future. Despite a static tax legislative landscape, the looming possibility of future amendments necessitates proactive tax planning.

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