Remove 2032 Remove accounting and finance Remove financial statements
article thumbnail

2022 Year-End Tax Planning Checklist

Withum

Consider increasing the amount you set aside for next year in your employer’s health flexible spending account (FSA). Tax-Advantaged Accounts. It may make sense to convert all or part of your eligible retirement accounts (e.g., Geography, such as distressed zones, enterprise zones, or tax-increment finance districts.

article thumbnail

Year-End Tax Strategies for Businesses

Withum

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. An exception from the limitation on the business interest deductions is also provided for floor plan financing (i.e.,

Tax 105