Withum

OCTOBER 3, 2024

How can I determine if an item on a return (such as an election) is also delayed and covered by the postponement? Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. Are you interested in making qualified disaster relief payments to your employees?

South Carolina 130

South Carolina North Carolina tax preparation income tax 130

CTP

OCTOBER 30, 2024

Prior to the Tax Cuts and Jobs Act (TCJA), taxpayers with a family office could write off certain items like investment expenses and tax return preparation fees under “ miscellaneous itemized deductions.” However, under TCJA, this deduction was suspended until 2026.

Tax 52

Tax tax return Real Estate cpa firm 52

inDinero Tax Tips

SEPTEMBER 13, 2023

The Roth catch-up rule for high earners over 50 years old was supposed to start in 2024, but due to implementation issues, the IRS has delayed it until 2026. on Small Business Finances Assessing how the latest retirement planning reforms might affect your company’s financial health is vital.

business tax 80

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TaxConnex

AUGUST 9, 2022

Iowa has modified its sales tax base. Changes include combining sales and use tax returns and their permits into one and changing filing frequencies for sales and use tax from quarterly to monthly. Maryland has revised Business Tax Tip #29 to acknowledge exclusion of certain business purchases of digital products.

Sales 130

Sales Louisiana Tax Iowa 130

Steve Feinberg

FEBRUARY 3, 2022

At first glance, you wouldn’t think this news matters that much as most small businesses don’t pay Interest/Dividends tax. In 2022 the rate is 5%, and then 4% in 2023, 3% in 2024, 2% in 2025, 1% in 2026, and then completely repealed after 2026. So, what’s changing?

New Hampshire 45

New Hampshire Tax income tax tax return 45

Inform Accounting

MARCH 15, 2023

The government is now introducing full expensing, a 100% First Year Allowance, from 1 April 2023 until 31 March 2026. Namely: If you haven’t already put together your business plan for 2023 and model the impact of rising costs. Carefully look at your personal and business tax situation. Reduce your overheads?

Non-Profits 52

Non-Profits Tax tax return corporation tax 52

Withum

OCTOBER 11, 2023

Even though the Notice only provides a short window to adjust a 2022 tax return, it could be worth the time and effort if the cash tax savings are significant. Planning and advocating Congressional leaders for IRC §174 immediate expensing should continue to be a top priority for all businesses conducting R&E.

income tax 80

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