Tax Strategy: 2024 year-end tax planning
Accounting Today
SEPTEMBER 26, 2024
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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Accounting Today
SEPTEMBER 26, 2024
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,
RogerRossmeisl
SEPTEMBER 29, 2024
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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Dent Moses
OCTOBER 10, 2024
Dent Moses is committed to keeping you informed of the latest tax-saving strategies. We are sharing our AG-YE_YR Tax Planning Guide-2024_DM. The post 2024 Business Tax Planning Guide appeared first on Dent Moses, LLP. There is no substitute for the guidance of an advisor who understands your specific needs.
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RogerRossmeisl
SEPTEMBER 9, 2024
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.
CPA Practice
DECEMBER 21, 2023
To help companies and individual taxpayers understand their planning options, Grant Thornton LLP, one of America’s largest professional services firms, has released 2024 tax-planning guides for businesses and individuals. Public companies should be preparing to report and pay a new 1% tax on stock buybacks.
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. How will your income change in 2024? How much capital gain or loss can be taken before year-end? Do you make charitable contributions?
Withum
FEBRUARY 20, 2024
As you navigate our complicated tax code, you need a partner and important information in order to make the appropriate adjustments. This tax pocket guide is an essential resource that will help you evaluate and estimate your 2024 tax obligations.
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.
ThomsonReuters
JANUARY 4, 2024
Jump to: Utilize short-term staffing solutions Incorporate AI and automation into your workflow Become a strategic advisor As accounting firms usher in 2024, it’s important to take a fresh look at the business landscape — both its challenges and its opportunities — to best prepare for the year ahead.
Accounting Today
OCTOBER 1, 2024
This election season could have a more significant effect on tax policy than most. How can CPAs guide their clients through this potential volatility in tax policy?
Going Concern
AUGUST 29, 2024
The post Top Remote Accountants of the Week | August 29, 2024 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
CPA Practice
SEPTEMBER 14, 2023
Bloomberg Tax & Accounting released its 2024 Projected U.S. Tax Rates, which indicates inflation adjusted amounts in the tax code will increase 5.4% See projected tax bracket tables below.] Act that affect tax planning for corporate taxpayers in certain industries.
Withum
NOVEMBER 14, 2023
The IRS has recently published the inflation adjustments for the 2024 tax year. Key Figures – Estate and Gift Taxes Below is a summary of key figures related to Estate and Gift Taxes. Key Figures – Estate and Gift Taxes Below is a summary of key figures related to Estate and Gift Taxes.
Going Concern
SEPTEMBER 5, 2024
The post Top Remote Accountants of the Week | September 5, 2024 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
CPA Practice
JULY 8, 2024
Jenni Fleck Jones Receives University of Delaware Mentor Award Belfint Lyons & Shuman, CPAs (BLS)’s marketing & college recruiting manager, Jenni Fleck Jones , is the recipient of the 2024 Brad Scott Excellence in Mentoring Award from the University of Delaware Lerner College of Business!
Anders CPA
DECEMBER 18, 2023
As provisions from the Tax Cuts and Jobs Act (TCJA) sunset, a changing tax landscape awaits in 2024. View the 2023 Tax Planning Opportunities for the Construction Industry report from Anders and CICPAC. The post Construction Industry Tax Planning Tips for 2023 Year-End appeared first on Anders CPA.
KROST
JUNE 25, 2024
There are some important changes in the Inherited IRA distribution rules that may affect your tax planning. Before the SECURE Act of 2019, beneficiaries of inherited IRAs could “stretch” or spread out their withdrawals over their lifetime, which allowed them to lower their annual tax liability.
CPA Practice
OCTOBER 30, 2024
Aprio , a top 25 business advisory and accounting firm, has released its 2024 End of Year Tax Update , highlighting 2024 tax updates and factors that will significantly impact tax planning for 2025 and beyond. Upon sunset, changes to PTET depend on how each state initially enacted its PTE tax.
Cherry Bekaert
NOVEMBER 14, 2023
When your business is closing out 2023 and preparing for 2024, it’s the perfect time to delve into actionable strategies that will empower you to maximize your tax savings. Contact Us The post 2023 Year-End Tax Planning Strategies for Businesses appeared first on Cherry Bekaert.
Withum
DECEMBER 11, 2023
Join Withum’s Law Firm Services team for an overview of the most important tax issues to address going into 2024.
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. If you plan to buy expensive assets in 2024 to support your company’s exploration of new or improved products, talk with us first.
Anders CPA
NOVEMBER 4, 2024
Tax Manager Chrysa Cousley, MBA has been named has been named the 2024 Outstanding Young Professional by the Missouri Society of Certified Public Accountants (MOCPA). About Chrysa As a Tax Manager at Anders, Chrysa provides tax planning and compliance for high-net-worth individuals, flow-through entities and private business owners.
Going Concern
OCTOBER 31, 2024
TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #22591376 Certifications: CPA Education: BBA Accounting Experience (years): 5+ years accounting experience Work experience (detail): All in public accounting Tax planning and client advisory Experience reviewing tax returns Client relationship management experience Client niches: SMBs, (..)
Going Concern
OCTOBER 3, 2024
The post Top Remote Accountants of the Week | October 3, 2024 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
Going Concern
JULY 25, 2024
The post Top Remote Accountants of the Week | July 25, 2024 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
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.
LSLCPAs
JUNE 25, 2024
Cost segregation continues to be an essential tax planning tool in 2024. This strategy offers a substantial reduction in taxes, thereby boosting cash flow during the crucial early years of owning a building. The post Maximizing Tax Savings in 2024 with Cost Segregation appeared first on LSL CPAs.
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.
Cherry Bekaert
NOVEMBER 27, 2023
Join two of Cherry Bekaert’s Technology Tax Partners to learn more about what companies in this position should do to mitigate the impact of those rule changes as well as plan strategically for 2024. Contact Us The post 2023 Year-End Tax Planning Strategies for Technology Companies appeared first on Cherry Bekaert.
Cherry Bekaert
NOVEMBER 15, 2023
As we approach the close of 2023, it’s your chance to seize those last-minute tax opportunities and brace for upcoming tax law changes that will reshape 2024. Contact Us The post 2023 Year-End Tax Planning Strategies for Individuals appeared first on Cherry Bekaert.
CPA Practice
SEPTEMBER 12, 2024
He was previously affiliated with LPL Financial where he had approximately $60 million in client assets under administration as of April 2024*. Hight steps into his new role on November 1, 2024, following his tenure as member-in-charge of the KraftCPAs assurance services department and nearly 20 years of distinguished service.
Dent Moses
MARCH 21, 2024
million per person (adjusted for inflation) in 2024. The annual gift exemption also increased to $18,000 per donee in 2024. This substantial exemption has allowed individuals and families considerable flexibility in their estate planning. This legislation doubled the exemption from approximately $5.5 million to $13.61
Going Concern
NOVEMBER 14, 2024
The post Top Remote Accountants of the Week | November 14, 2024 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
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.
Going Concern
NOVEMBER 7, 2024
The post Top Remote Accountants of the Week | November 7, 2024 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
Going Concern
AUGUST 15, 2024
ACCOUNTING CANDIDATES FTE Accounting | Candidate ID #22164769 Certifications: EA in process Education: BS BA, MBA, MS Accountancy Experience (years): 5+ years accounting experience Work experience (detail): Senior Accountant/Controller at an accounting firm Writing and implementing client SOPs Client-facing financial reviews Leads 5 staff accountants (..)
Anders CPA
OCTOBER 25, 2023
Anders is proud to announce that Julia Deien , Jason Gotway , Jane Maddox, CPA , and Sean McKenzie, CPA are being named partners of the firm, effective January 2024. The post Anders Names 2024 Partners appeared first on Anders CPA. Jason serves as a board member for the Leadership Council Southwestern Illinois.
Going Concern
OCTOBER 10, 2024
The post Top Remote Accountants of the Week | October 10, 2024 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
Inform Accounting
FEBRUARY 27, 2024
With the closure of the 2023 tax year approaching on April 5, 2024, there remains an opportunity to assess your tax strategies and capitalise on current year-end possibilities.
CPA Practice
OCTOBER 15, 2024
Top Technology Initiative Article – October 2024 Well, that’s a wrap on another tax season. This year was one of the most normal tax years in some time. The IRS granted tax relief for MI storms , tornados in OH , hurricanes Beryl in TX , and Debby in NC. Otherwise, tax deadlines were normal in most places.
Cherry Bekaert
DECEMBER 12, 2023
Cherry Bekaert’s State and Local Tax team dive into the dynamic world of state and local tax planning with our upcoming webinar. Gain valuable insights derived from real client experiences throughout 2023 and equip yourself with the knowledge needed to proactively plan for 2024.
CPA Practice
AUGUST 28, 2024
Instead Pro from Corvee 2024 CPA Practice Advisor Innovation Award Winner [link] Instead.com is a groundbreaking tax platform that exemplifies innovation in the tax and accounting space. This leads to improved efficiency, productivity, and most importantly – profitability through maximized tax savings.
CPA Practice
NOVEMBER 14, 2024
million by 2029. __ ©2024 Chicago Tribune. Asked if there would also be further regulations like the testing requirements that affect the state’s budding marijuana industry, Hall said the age restriction proposal is a “first step” and welcomed the federal and state government to add more regulations. million next year and bring in $175.1
CPA Practice
AUGUST 28, 2024
CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. After voting by the awards committee panel each year, the top five products are presented as winners of the Tax and Accounting Technology Innovation Awards. Instead is truly innovating how taxes are done.
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