CPA Practice

MARCH 8, 2023

Unless the IRS specifies otherwise, it remains an applicable corporation.  The new corporate AMT applies a 15 percent tax to a company’s  adjusted financial statement income  (AFSI). This percentage is scheduled to drop to 80% in 2023, 60% in 2024, 40% in 2025, until its wholly phased out in 2027. 

income tax 111

income tax Tax financial statements corporation tax 111

Withum

DECEMBER 4, 2024

The corporate tax rate is currently a flat 21% rate. There is also a 15% corporate alternative minimum tax (CAMT) based on book income for companies with average annual adjusted financial statement income exceeding $1 billion. 179D Expensing: The energy-efficient commercial buildings deduction under Sec.

Tax 105

Tax income tax Construction Non-Profits 105

ThomsonReuters

MARCH 9, 2023

• Many of the tax benefits related to the COVID-19 pandemic have expired or reverted to their pre-pandemic levels. Expanded health insurance subsidies are extended through 2025. Both the child tax credit and the child and dependent care credit revert to pre-pandemic levels. What’s new? •

Tax 59

Tax accountant Account accounted 59

Withum

NOVEMBER 17, 2022

Contact a member of Withum’s Tax Services Team to start planning as year-end approaches. Year-End Tax Planning for Businesses. The corporate tax rate is currently a flat 21% rate. Limits on Deduction of Business Interest.

tax planning 98

tax planning Tax Construction income tax 98

ThomsonReuters

AUGUST 2, 2023

As the Organization for Economic Co-Operation and Development’s (OECD) ground-breaking Base Erosion Profit Shifting (BEPS) framework for taxing the digital economy is being implemented, countries around the globe are beginning to roll out the second of the OECD’s two BEPS pillars—Pillar 2.0. Discussions are ongoing.

corporation tax 98

corporation tax Tax financial statements Government 98

ThomsonReuters

OCTOBER 19, 2022

The Inflation Reduction Act of 2022 imposes a new 15% corporate alternative (book) minimum tax on the adjusted financial statement income of applicable corporations (those with 3-year average financial statement income of at least $1 billion).

Kansas 64

Kansas Kentucky income tax Missouri 64

Going Concern

OCTOBER 25, 2024

Vault Releases Its 2025 Internship Rankings [ PR Newswire ] Vault, the leader in data-driven employer rankings and reviews, today released its 2025 Internship Rankings, highlighting the top programs in more than 30 categories. 22 that the municipality’s normal firm, Potsdam-based financial firm Pinto Mucenski Hooper VanHouse & Co.,

audit 59

audit accounting and finance Florida Missouri 59