Maximizing Profits Through Proper Tax Planning

MyIRSRelief

With more than 30 million small businesses in the US, effective tax planning is essential to maximizing profits and minimizing taxes, keeping more of what is earned, and lowering your taxes for the future. Understanding the intricacies of effective tax planning takes professional guidance to ensure that you are taking advantage of every opportunity. And the account itself will continue to grow tax-free. That is where a tax professional can help.

2020 Year-End Tax Planning Checklist

Withum

Articles Year-End Tax Planning

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Income Tax Planning as Part of Your Estate Plan

RogerRossmeisl

As a result of the current estate tax exemption amount ($11.58 million in 2020), many estates no longer need to be concerned with federal estate tax. Before 2011, a much smaller amount resulted in estate plans attempting to avoid it. Individual Tax Briefs Estate Planning

Tax Planning 2020 – Part THREE

LSLCPAs

Part THREE: PPP Loans, Required Minimum Distributions, and 401(k)s SO much has happened this year and SO much has to be done before the year-end to help our clients make the correct decisions on their tax liabilities that we are starting our planning now, and we hope you will too. […].

Tax Planning 2020 – Part TWO

LSLCPAs

Part TWO: The CARES Act, Net Operating Losses, and Cash Flow So much has happened this year and so much has to be done before the year end to help our clients make the correct decisions on their tax liabilities that we are starting our planning now, and we hope […].

Year-end Tax Planning

CapataCPA

Year-end Tax Planning With the year coming to a close, now is an important time to be thinking about ways to save on taxes for 2020 and possibly 2021. The post Year-end Tax Planning appeared first on CPA firm in Orange County, CA | CAPATA. Tax Planning

Three Reasons Why Your Tax Plans Aren’t Selling (& What to Do!)

CTP

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. Blog tax plan

2020 Year-End Tax Planning Checklist

Withum

Articles Year-End Tax Planning

Tax Planning 2020 – Part ONE

LSLCPAs

Part ONE: The Pandemic (PPP loans), The Election, and Technology INSIDER’S TIP: Start Tax Planning NOW. The post Tax Planning 2020 – Part ONE appeared first on LSL CPAs. Technology Tax News Tax Planning Tax & Financial Services Tax PPPL PPP Loan PPP Loan Forgiveness Cash Flow R&D Net Operating Losses Year End Tax Planning technology Tax Planning Strategy

2020 Year-End State and Local Tax Planning Perspective

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Articles Year-End Tax Planning

Savvy Massachusetts Companies Receiving Outside Financing Will Use This Tax Planning Opportunity Before Year-End

Withum

Articles Year-End Tax Planning

2020 Year-End Tax Planning Opportunities for Individuals

KROST

As year-end approaches, it is wise to think of planning moves that will help lower your tax obligations and provide financial relief. Year-end planning for 2020 takes place against the backdrop of the 2017 Tax Cuts and Jobs Act (TCJA) and the 2020 CARES ACT. Gift Tax.

Year End Tax Planning E-Book

Withum

Withum has prepared a 48 page e-book with year-end tax planning ideas that is available for easy download. See link at end of blog. Blogs

Airbnb Directed Share Program Tax Planning

FusionCPA

This means with proper tax planning , Airbnb Superhost entrepreneurs can enjoy stock gains! Many of our clients that are Superhosts have been asking us about potential tax effects of buying the stock at this listing price and then selling it in a month, 6 months or 12 months thereafter.

Carriers: The Importance of Tax Planning in Times of Uncertainty

Katz,Sapper&Miller

There are few things that can ruin a day as quickly as a call from your accountant with the news that you owe more than expected on an upcoming tax deadline. Thankfully, there is an alternative to tax deadline surprises.

The Good, Bad and Ugly of Estate Tax Planning

Withum

My guess is that only about 25,000 estate tax returns would be filed for those dying in 2020 and who left estates large enough to pay estate tax.

2021 Tax Planning for Tech Companies: Employee Retention and R&D Credits

KROST

This is one of the articles in the KROST Quarterly Technology Issue, titled “2021 Tax Planning for Tech Companies: Employee Retention and R&D Credits.” Fortunately, the CAA clarified that PPP loan expenses do not impact federal R&D Tax Credit claims.

Year-end Tax Planning Strategies for Professional Service Firms

Withum

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What Does Biden’s Win Mean for Tax Policy?

Withum

Articles 2020 Election Year-End Tax Planning

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What do Coronavirus Relief Grants Mean For Your Year-End Tax Bill?

Withum

Articles Year-End Tax Planning

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Five Year-End Tax Tips for Not-For-Profit Organizations

Withum

Articles Year-End Tax Planning

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The Good, Bad and Ugly of Estate Tax Planning Copy

Withum

My guess is that only about 25,000 estate tax returns would be filed for those dying in 2020 and who left estates large enough to pay estate tax.

Massachusetts Life Sciences Companies, it’s Time to Save on Taxes!

Withum

Articles Year-End Tax Planning

New Tax Planned As eCommerce Soars In Thailand 

PYMNTS

Thailand hopes to annually collect 3 billion to 4 billion baht ($98 million to $131 million) by introducing a tax on tech businesses, Reuters reported on Monday (Aug. If approved by Parliament, Thailand will institute a value-added-tax starting next year on electronic businesses, leveraging the eCommerce boom in the country. Ekniti Nitithanprapas, director-general of the revenue department, told reporters the tax will likely seek parliamentary approval this year.

3 Important To-Do’s To Add To Your Year-End Checklist

Withum

Articles Year-End Tax Planning

Digital Ad Campaign Management Platform Receipts are Taxable as Software Sales

Withum

Articles Year-End Tax Planning

The Future of Captive Reinsurance Companies Under the Biden Tax Plan

Withum

Articles

On-Demand Webinar: The Importance of Tax Planning in Times of Uncertainty: 2020 and Beyond

Katz,Sapper&Miller

Regardless of the economic climate, tax planning is a valuable tool that all transportation companies should revisit each year. This is especially important during times of uncertainty, such as the current pandemic, to ensure that both short-range and long-term tax projections have been calculated and strategies forged.

2020 and Beyond: Many Possibilities for Claiming R&D Tax Credits to Create a Cash Infusion

Withum

Articles Coronavirus Year-End Tax Planning

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Save on Your Business Taxes – 6 Useful Planning Tips from the Experts

MyIRSRelief

As ruthless as the IRS can be, they aren’t completely heartless and they themselves know that businesses can’t be expected to hand over unreasonable amounts of profit every time they file their tax returns. Fund your own retirement plan. Tax Help Tax Planning

Bookkeeping Fundamentals for Small Business Owners

DuctTapeMarketing

Marketing Strategy Plan. Prepare the books for tax season. Setting up your chart of accounts to be tax-ready from the start will help you with tax saving opportunities and help you prepare for your tax liabilities, with no surprises. They’ll partner you with a dedicated accounting team and provide three simple monthly rates that include your bookkeeping, sales tax, planning support, corporate tax return, and unlimited access to your dedicated CPA team.

Do Individuals Invested in Foreign Business Wish to be Taxed as Corporations?

Withum

Articles Year-End Tax Planning

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IRS Tax Exempt & Government Entities Division Releases its FY 2021 Priorities

Withum

Articles Year-End Tax Planning

Big Tech Compliance Tracker: EU Watchdogs Make ‘Big Tech Hit List’; France To Go Ahead With Digital Services Tax Plan

PYMNTS

Taxes . OECD’s Tax Reform To Be Presented To G20. The Organization for Economic Cooperation and Development (OECD) , which is based in France, said its worldwide tax reform blueprint will be put in front of the Group of 20 finance ministers.

Save on Business Taxes – 6 Useful Planning Tips from the Experts

MyIRSRelief

As ruthless as the IRS can be, they aren’t completely heartless and they themselves know that businesses can’t be expected to hand over unreasonable amounts of profit every time they file their tax returns. Want to save on taxes? Fund your own retirement plan.

Small Business Lobby Denounces GOP Tax Plans

PYMNTS

The GOP unveiled its plans for tax reform late last week in an effort to streamline the tax code, a move that aims to cut the tax rates for corporates. In a statement released late last week, the NFIB said it is “unable to support the House tax reform plan in its current form.”. We believe that tax reform should provide substantial relief to all small businesses, so they can reinvest their money, grow and create jobs.”.

Five Year-End Tax Tips for Not-For-Profit Organizations

Withum

Articles Year-End Tax Planning

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Guide: Year-End Due Dates that May Affect Your Startup

Withum

Guides Year-End Tax Planning

Are you ready for your next round of Financing or Exit?

Withum

Articles Year-End Tax Planning

Corporate Tax Filing Deadline 2021 and Year-end Tax Planning Tips

FusionCPA

It's that time of the year again where businesses are preparing their end-of-year tax. Corporate income tax is the third largest source of revenue for the federal government. US corporations are taxed at a rate of 21 percent by the United States government.

International Year-End Planning Considerations for Taxpayers

Withum

Articles Year-End Tax Planning

8 Steps to Address Transfer Pricing Challenges and Opportunities

Withum

Articles Year-End Tax Planning

Considering an Investment into a Qualified Opportunity Zone?

Withum

Articles Year-End Tax Planning