Cherry Bekaert

NOVEMBER 14, 2023

Contributor: Chelsea Payne , Senior Manager, Tax Services As the end of the year approaches, strategic planning remains crucial for taxpayers looking to optimize their financial positions and set the stage for a strong start in the upcoming fiscal year.

Real Estate 109

Real Estate tax planning Construction Tax 109

Withum

NOVEMBER 17, 2022

Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Doing so may enable you to claim larger deductions, credits, and other tax breaks for 2022 that are phased out over varying levels of adjusted gross income (AGI). million in 2023).

tax planning 98

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Anders CPA

SEPTEMBER 20, 2023

If you will not be turning 74 until after 2032, your RMDs do not begin until age 75. Anders Tax advisors keep up with federal, state and local tax legislation to ensure you receive the most up-to-date guidance possible to stay in compliance while still meeting your financial goals. Contact Anders The post SECURE Act 2.0

Start-ups 52

Start-ups Tax tax planning CPA 52

Anders CPA

OCTOBER 17, 2023

It applies to any equipment produced within the US and sold between December 31, 2022 and December 31, 2032. Learn more about how our advisors can help you take advantage of tax incentives, and the associated costs, by contacting Anders below.

Manufacturing 59

Manufacturing tax planning Tax Non-Profits 59

Anders CPA

NOVEMBER 22, 2022

Current Income Tax Rates at Historic Lows. The Tax Cuts and Jobs Act of 2017 introduced historically low income tax rates, but the law is set to sunset on December 31, 2025. Market is Low. Although this legislation has yet to be made into law, it could still influence some individuals to make the switch.

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Withum

DECEMBER 4, 2024

Some of the credit highlights include: Qualified Commercial Clean Vehicles (NEW) – A credit can be claimed for clean vehicle purchases between 2024 and 2032 for an amount not exceeding $7,500 per vehicle (with a gross vehicle less than 14,000 pounds) or $40,000 (for all other vehicles).

Tax 105

Tax income tax Construction Non-Profits 105

Withum

OCTOBER 17, 2024

With the Presidential election less than one month away, private and family-owned businesses are in limbo when dealing with 2024 year-end tax planning. The Tax Policy Center estimates that only 200,000 individuals are currently subject to AMT, but this number will increase to 7.6 million in 2032.

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