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S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help

MyIRSRelief

S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help S Corporations , often referred to as S Corps, are a popular business structure in the United States, particularly among small to medium-sized businesses. However, navigating the tax landscape for S Corps can be complex.

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Navigating Tax Reform: The Three Statements that Will Help You Sell Tax Plans This Year

CTP

Amid all the uncertainty, our job as tax planners is to focus on what we know here and now and to build flexibility into our tax plans so that we can pivot as new legislation is approved. In our previous blog , we covered key tax laws that may shift in 2025. How might we lower their tax bill?

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TaxPlanIQ to Host Free Online Summit on How to Build a Tax Planning Empire

CPA Practice

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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Navigating Graduation Season: Essential Tax Planning for Your Clients' Changing Family Dynamics

Insightful Accountant

Your expertise in navigating these decisions demonstrates the value of year-round tax planning, which extends beyond simple compliance, thereby enhancing your ability to charge for advisory services beyond tax preparation fees.

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Tax Planning Strategies for Car Dealerships: Cost Segregation

Withum

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 for Student Athletes: Working with NIL Collectives

CTP

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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Strategic Tax Planning Under The OBBBA: Special Depreciation Allowance for Qualified Production Property

Withum

Businesses should carefully evaluate these specific criteria as part of their broader tax planning strategy to maximize available benefits and secure compliance. withum.com Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. Author: Yeonhee Oh | yeonhee.oh@withum.com