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

RogerRossmeisl

With Labor Day in the rearview mirror, it’s time to take proactive steps that may help lower your small business’s taxes for this year and next. Do you expect to be in a higher tax bracket next year? Here are some other ideas that may help you save tax dollars if you. If so, then opposite strategies may produce better results.

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Don't Forget Sales Tax When It Comes to Year-End Planning for Your Clients!

TaxConnex

October 15 th ended the last major income tax due dates in 2023. Most CPAs use the fourth quarter of the year for audit and tax planning for clients, strategic planning for the firm and of course, CPE. Both of these changes can directly impact your clients’ sales tax responsibilities.

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2024 Tax Pocket Guide

Withum

The goal of minimizing tax liability likely drives a desire to discover new advantages in the tax law. If this sounds familiar to you, when planning for the upcoming tax year, a great place to start is with the basics. Let’s Chat The post 2024 Tax Pocket Guide appeared first on Withum. We can help.

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There May Still Be Time to Reduce your Small Business 2023 Tax Bill

RogerRossmeisl

In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your business. In certain circumstances, The post There May Still Be Time to Reduce your Small Business 2023 Tax Bill appeared first on Roger Rossmeisl, CPA.

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Projected 2024 Income Tax Brackets

CPA Practice

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.] [See projected tax bracket tables below.] Bloomberg Tax’s annual Projected U.S.