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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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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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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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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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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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.

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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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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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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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CPA Practice

SEPTEMBER 19, 2023

The business owners wished to make a contribution to utilize the type of tax planning referred to above, but only if the sale of the company actually closed or was completed. In correspondence with the tax attorney, the brothers indicated that they wanted to “wait as long as possible to pull the trigger” on the contributor.

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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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Cherry Bekaert

NOVEMBER 27, 2023

Contact Us The post 2023 Year-End Tax Planning Strategies for Technology Companies appeared first on Cherry Bekaert.

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Anders CPA

NOVEMBER 21, 2023

Year-end is approaching fast, which means this is the perfect time for businesses to make some final adjustments to their tax planning strategies. Consulting with a trusted tax professional to determine your eligibility for certain deductible activities is the best way to maximize your tax savings.

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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

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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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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Cherry Bekaert

NOVEMBER 28, 2023

There are several key tax considerations and tactical approaches for businesses to address while closing out 2023 and moving into 2024. From leveraging tax incentives to optimizing deductions, this guide offers insights into tax planning to help businesses make informed decisions and set a solid foundation for the upcoming year.

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Cherry Bekaert

NOVEMBER 15, 2023

Join us and be at the forefront of tax-saving excellence: Identify key actions to address tax burden before the year-end Stay informed about recent IRS updates and court rulings that affect you Explore options for the seamless transfer of family wealth to future generations Questions?

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ThomsonReuters

NOVEMBER 21, 2023

Jump to: Set engagements and expectations for next year Address economic pressures that are top of mind Advise on tax planning topics As the year comes to a close, most accounting firms are guiding clients through the complexities of year-end tax planning. This goes into effect on January 1, 2024.

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CTP

NOVEMBER 16, 2023

This can be in the best interest of all parties involved: investors may benefit more from deducting losses, and startups may benefit more from leveraging the special tax allocations to bring in more capital. What does it look like to set up special tax allocations? appeared first on Certified Tax Coach.

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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

NOVEMBER 17, 2022

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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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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ThomsonReuters

OCTOBER 17, 2023

Consider this: Individual taxation impacts the day-to-day lives of every single American, yet very few understand how to make strategic tax decisions. Most Americans lack even the most basic knowledge of how taxes work — and therein lies an opportunity for accounta nts to implement effective tax planning for their individual clients.

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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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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

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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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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ThomsonReuters

JULY 7, 2022

Once you’ve had a chance to catch your breath following the spring busy season, it’s time to remind your clients that tax planning is where you can really add value. Here are 10 midyear tax planning moves that shouldn’t be overlooked this summer. #1—Adjust Want more planning ideas?

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CTP

NOVEMBER 23, 2023

Get the help of an attorney who is well-versed in tax law if your client needs to adjust the language in their partnership agreement to match your tax plan. To learn more about how to best advise clients who own partnerships and other types of business entities, become a Certified Tax Planner 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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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.

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Withum

NOVEMBER 6, 2023

View our on-demand webinar to: Understand how partners’ tax responsibilities differ at law firms of various tax structures Prepare for business income/deduction reporting on Federal and state returns Comprehend the reporting responsibilities for equity vs. non-equity partners Recognize the impact of pass-through entity taxes on law firm partners Meet (..)

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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!)

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KROST

DECEMBER 12, 2022

As calendar year 2022 comes to a close, it is a good time for taxpayers and their advisors to start thinking of planning moves that will help lower their tax bill for this year and possibly the next. The post 2022 Year-End Tax Planning for Individuals appeared first on KROST.

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CTP

MARCH 9, 2022

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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