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Make Year-End Tax Planning Moves Before It’s Too Late!

RogerRossmeisl

With the arrival of fall, it’s an ideal time to begin implementing strategies that could reduce your tax burden for both this year and next. One of the first planning steps is to ascertain whether you’ll take the standard deduction or itemize deductions for 2024. appeared first on Roger Rossmeisl, CPA.

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It’s Time for Your Small Business to Think About Year-End Tax Planning

RogerRossmeisl

For example, you could pull income into 2024 to be taxed at lower rates, and defer deductible expenses until 2025, when they can be claimed to offset higher-taxed income. Here are some other ideas that may help you save tax dollars if you.

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Tax Strategy: 2024 year-end tax planning

Accounting Today

2024 has so far not produced significant tax legislation impacting year-end tax planning, but it continues to be impacted by legislation from prior years,

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Professionals on the Move – Nov. 2024

CPA Practice

CohnReznick’s McCafferty selected to MACPA’s 2024 Women to Watch CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, announced that Molly McCafferty, Partner, Assurance, has been selected as one of four 2024 Women to Watch by the Maryland Association of CPA’s (MACPA) Foundation.

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Survey: Over Half of Accounting Firms Plan to Increase Fees in 2025

CPA Practice

A new report from practice management software provider Ignition says rising business costs are driving fee increases at accounting firms, with 57% planning to raise fees across all services next year. The 2024 U.S. Key findings include: 57% plan to increase fees across all services.

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Tax Planning Strategies for Car Dealerships: Cost Segregation

Withum

This deduction is another key tax incentive allowing dealerships to deduct the full cost of new and used qualifying equipment, software, and other assets in the year they were purchased rather than depreciating them over their “useful life.” ” In 2024, the maximum deduction is $1.12 By identifying $3.5

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All I Want for the Holidays Is…. A Tax Provision Specialist

Withum

2024 Year-End Tax Planning Resources Nows the time to review your year-end tax planning options and strategies for the 2024 tax season. Withums Year-End Tax Planning Resource Center offers tips, legislative updates, and tax-saving opportunities for individuals and businesses.

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