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.

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tax planning Tax income tax tax return 64

Withum

OCTOBER 18, 2023

The step-down of the bonus amount continues annually at 20% until it is completely phased out to 0% in 2027. What About Estate Planning? Perhaps some of the most important, and possibly the most tedious, tax planning that should be done before the 2025 taxable year-end has to do with estate planning.

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Cherry Bekaert

OCTOBER 3, 2024

The TCJA also eliminated the miscellaneous itemized deduction, which typically includes investment management and tax preparation fees. This deduction will return if the TCJA sunset moves forward as planned. Child Tax Credit With the TCJA sunset, the child tax credit will also revert to $1,000, as opposed to the current $2,000.

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