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IRS and Treasury Finalize E-Filing Rules for Businesses

CPA Practice

The final regulations impact filers of: Partnership returns; Corporate income tax returns; Unrelated business income tax returns; Withholding tax returns; Certain information returns; Registration statements; Disclosure statements; Notifications; Actuarial reports; and Certain excise tax returns.

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IRS Continues to Issue Guidance for Implementing Clean Energy Tax Credits

Cherry Bekaert

Matched with the clean power generation hourly starting January 1, 2028. Elective pay makes certain clean energy tax credits refundable to entities that do not normally pay income taxes. Which can be refunded or credited to the estimated tax for the next tax year.

Tax 101
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Professionals on the Move – Sept. 2024

CPA Practice

In this role, Pawlow will be instrumental in aligning day-to-day activities advancing the Firm’s Vision 2028 initiative, as well as promoting that vision to other CPA firms seeking growth alternatives to private equity. She focuses primarily on the real estate industry, specializing in low-income taxes, historic tax credits, and HUD.

Kansas 104
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Tax Rates & Reliefs

Inform Accounting

In this blog we set out some of the main tax rates. INCOME TAX The personal allowance and basic rate band threshold are now frozen in place until 5 April 2028. As earnings increase, individuals will move into higher tax bands. Read more of Inform's tax blogs : Struggling to pay tax – What should you do?

Tax 52
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What to expect on Thursday.

Inform Accounting

We have put together below a quick summary of what could be announced on Thursday: The freezing of all personal allowances and income tax thresholds, potentially until 2028. This will mean more people paying tax at 40%. It is believed that the removal of higher rate tax relief could net the Treasury up to £10 bn.

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Chancellor's Autumn Statement.

Inform Accounting

Income tax and National Insurance contributions thresholds are staying the same until April 2028. The Upper rate tax band threshold will be lowered from £150,000 to £125,140 from 6th April 2023. Remember that small business owners bared the brunt of the tax increases? Taxing cryptoassets: what you need to know.

Tax 52
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Nurturing Biotech Companies in New York

Shay CPA

Businesses participating in START-UP NY can enjoy several tax credits, including the Business Tax-Free NY Area Elimination Credit, which eliminates franchise tax and personal income tax calculated by the business when filing its tax return.