Withum

NOVEMBER 17, 2022

Failing to prepare for a tax examination at the outset of a move jeopardizes the ability to ultimately prevail at the audit. Failing to plan = planning to fail. 2022 Year-End Tax Planning Resources. Continue to monitor changes to economic nexus and tax laws. Sales and Use Tax Planning Considerations.

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Withum

MAY 4, 2022

New York’s fiscal year 2023 budget bill that was enacted into law significantly expands the benefits of the state’s pass-through entity tax (“PTET”) for many businesses. With proper planning and implementation, PTET elections can be a valuable state tax planning strategy. State and Local Tax Services.

New York 112

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Cherry Bekaert

MAY 3, 2024

Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities. With proper tax planning a company is able to reduce its worldwide effective tax rate as it expands overseas. Many countries do not have a tax treaty with the U.S.,

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Withum

NOVEMBER 17, 2022

In that circumstance, it could be beneficial to combine or “bunch” 2022 and 2023 charitable contributions into one year (2022), itemize deductions on their 2022 tax returns, and take the standard deduction on the 2023 tax return. 2022 Year-End Tax Planning Resources. Contact Us. Let’s Chat.

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Withum

NOVEMBER 28, 2023

2023 Year-End Tax Planning Resources Withum’s Year-End Tax Planning Resource Center is a one-stop-shop for annual tax planning tips for individuals and businesses, legislative and regulatory changes and other tax-saving opportunities.

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Going Concern

JANUARY 4, 2024

The class of 2024 is 44% smaller than that of 2023 when 36 people at Moss Adams earned their stripes. “The new class of partners and directors comes after another year of growth as Moss Adams expanded and augmented its services,” said the firm. International Tax Services). International Tax Services).

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Going Concern

JUNE 2, 2023

Chicago Area Accounting Firms Porte Brown and RVG Partners Announce Merger [ PR Newswire ] Porte Brown LLC is pleased to announce its merger with RVG Partners, LLC effective June 1, 2023. The professionals from RVG, now operating under the Porte Brown name, will continue to service clients from their Oak Brook location.

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Withum

JANUARY 25, 2023

The inability of Congress to include key tax extenders in the Consolidated Appropriations Act of 2023, signed into law on December 29, 2022, will increase the federal income tax bill for the majority of U.S. Coming into the new year, business owners likely breathed a sigh of relief that no major tax legislation was passed.

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Going Concern

MARCH 18, 2024

Concerns about the matter were raised in December 2023. Weaver added one too : Houston-based IPA top 100 firm Weaver (FY23 net revenue of $255 million) announces that Solomon Dado has been admitted as partner, specializing in tax services.

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Withum

MAY 2, 2022

The Biden Administration FY 2023 Budget and Treasury Green Book, released on March 28, 2022, includes various proposals to modernize the United States’ current compliance and reporting structure surrounding digital assets. Business Tax Services. Contact Us.

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CPA Practice

DECEMBER 10, 2024

Lavine, Lofgren, Morris & Engelberg, LLPPromotes Three to Tax Manager The accounting firm of Lavine, Lofgren, Morris & Engelberg, LLP (LLME), San Diegos largest independent certified public accounting firm, recently announced the promotions of Alex Austin, Sean Nelson and Vanessa Reyes to the position of tax manager.

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Withum

JULY 12, 2023

Phil Murphy signed into law A5323 on July 3, 2023, which includes wide-ranging provisions that will considerably impact businesses. This results in the elimination of a 3-factor apportionment formula, thereby adopting a single sales factor (SSF) formula, in addition to market-based sourcing (MBS) for service providers. New Jersey Gov.

New Jersey 52

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Withum

MARCH 3, 2023

All 45 states that impose a sales and use tax, plus the District of Columbia, have passed sales tax economic nexus statutes. The dates these laws became effective vary by state, with Missouri’s requirement effective in 2023. The remaining five states do not impose a sales tax. Who needs it?

South Dakota 52

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Withum

APRIL 5, 2023

A C corporation that qualifies as QSBS can implement certain tax planning that would allow for the QSBS status to remain in effect for their beneficiaries (i.e., This article was originally published by Lynn Mucenski-Keck in Forbes on March 17, 2023. sons, daughters, and granddaughters).

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Withum

DECEMBER 4, 2024

The IRS released Notice 2023-63, as modified by Notice 2024-12, to provide additional guidance surrounding section 174 expenditures. It is effective for tax years ending after September 8, 2023. C corporation pays to add $0.94

Tax 105

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Withum

OCTOBER 17, 2024

With the Presidential election less than one month away, private and family-owned businesses are in limbo when dealing with 2024 year-end tax planning. In 2023, a married filing jointly taxpayer would not have AMT provided AMT tax did not exceed the exemption amount of $126,500, and their AMT income was less than $1,156,300.

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