CTP

NOVEMBER 9, 2023

Planning for retirement also means planning for retirement income taxes. Creating a tax plan for retirement will ultimately allow you to spend less money on taxes and put more toward the lifestyle you want. As you begin planning your strategy for retirement income, you will want to be familiar with the “bucket strategy.”

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CTP

JUNE 10, 2022

This can lead to overlooking one key part of the sales process: tax planning. The decisions you make in structuring the sale will have a direct effect on later tax implications and how much of a profit you actually end up making. An S corporation might have accounts receivable, notes receivable, or tax receivable.

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CTP

NOVEMBER 16, 2023

From a tax perspective, partnerships are often viewed as too complicated and can come with tax disadvantages when you have non-passive partners involved. However, partnerships are also the only entity type that allows for special tax allocations. What does it look like to set up special tax allocations?

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CTP

AUGUST 3, 2023

However, without advance planning, taxes can subtract a large chunk of your profits. Savvy investors make decisions with the tax implications in mind, and use timing to their advantage to sidestep hefty tax bills. One of the simplest ways to reduce your taxes and improve your profits is to work with a Certified Tax Planner.

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inDinero Accounting

DECEMBER 1, 2023

We’ll also identify what the IRS officially regards as startup costs, so you can strategically time your expenses to maximize tax efficiency. Our List of Common Start Up Costs Start Up Costs Example Rita’s Doughnut Shop Start Up Costs Tax Treatment: How to Maximize Your Tax Expenses Conclusion Before You Start: How Much Do You Need to Save?

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CTP

SEPTEMBER 12, 2022

Taxes can be stressful. Fortunately, various tax reduction techniques are available to help families with children lower your taxable liability. Consider some of the six strategies listed below if you want to reduce your children’s taxes. Take advantage of the Dependent Care Tax Credit. written by Lyle Solomon.

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CTP

DECEMBER 28, 2023

are sold in other countries, you may qualify for a special tax incentive called the interest charge domestic international sales corporation or IC-DISC. The IC-DISC is an election created by the IRS to help American companies become more globally competitive by lowering their federal tax liability.

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Tax Sales income tax tax return 52

CTP

NOVEMBER 23, 2023

One of the hidden benefits of setting up your business as a partnership is the ability to use special tax allocations. Because a partnership is a pass-through entity, income, losses, credits, and deductions “pass through” to the business owners who are taxed at personal income tax rates.

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Tax tax return income tax tax planning 52

CTP

DECEMBER 28, 2023

to foreign countries, you will want to familiarize yourself with this tax incentive: the interest charge domestic international sales corporation, more commonly known as the “IC-DISC.” This IRS election can allow some or all of the taxable income from your export sales to be taxed at a lower rate. Who Qualifies for an IC-DISC?

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CTP

SEPTEMBER 13, 2022

Saving money on taxes could be an excellent solution in this regard. The different ways a business can save money in taxes are discussed below. How to save money on taxes for debt restructuring. Saving money on taxes is one of the best ways to accomplish this. How to save money on business taxes.

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CTP

NOVEMBER 2, 2023

As people explore their options for retirement income, they don’t always take into consideration the tax implications. The percentage of your retirement income that gets redistributed to taxes could considerably impact your quality of life during retirement—if you don’t have a plan in place. Investing for Income.

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CTP

MARCH 20, 2023

Trusting a Certified Tax Coach for guidance as you create your business plan ensures nothing is left to chance. You will review the pros and cons of each business entity, then make a deliberate decision that benefits you when it is time to file your taxes. However, from a tax perspective, there are several significant drawbacks.

Legal 52

Legal income tax tax return Tax 52

CTP

MARCH 20, 2023

Trusting a Certified Tax Coach for guidance as you create your business plan ensures nothing is left to chance. You will review the pros and cons of each business entity, then make a deliberate decision that benefits you when it is time to file your taxes. However, from a tax perspective, there are several significant drawbacks.

Legal 52

Legal income tax tax return Tax 52

CTP

MAY 24, 2023

Many think we must have significant land with natural resources in it to take advantage of oil and gas investment and tax advantages. One potential strategy for maximizing the benefits of oil and gas investing is to take advantage of the tax incentives and deductions available to investors in this industry.

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CTP

NOVEMBER 25, 2022

We’re tax advisors. So, not surprisingly, we’re going to tell you about the most tax-advantageous way to start saving for college. Saving for college through a 529 plan can simultaneously help you reach your college savings goals and reduce your taxes. As your money grows, you’re not taxed on the income your plan returns.

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CTP

MARCH 2, 2022

Without careful planning, your beneficiaries could find themselves with a hefty tax bill. A tax expert can help you a) minimize estate taxes and b) generate sufficient liquidity to satisfy estate expenses. In 2021, the federal estate tax does not apply to individual estates worth less than $11.7 Lifetime Giving.

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income tax Tax tax planning tax return 97

CTP

JULY 20, 2023

Timing is the key to long-term investment success, especially because timing can have a dramatic impact on tax consequences for investment activities. If your investment is successful, at some point you will have to pay taxes on any capital gains—the profit you make from selling a property or investment.

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Tax tax planning income tax Sales 52

PYMNTS

JANUARY 10, 2019

After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process, promises to become even more digital this year. And digital payers are striving to win more business from tax filers this year. B2C disbursements account for more than 3.5

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Tax income tax B2C tax preparation 48

CTP

DECEMBER 14, 2022

However, many taxpayers are not prepared for the tax consequences when they decide to sell that property. This is where connecting with a Certified Tax Planner can help. One of the tax breaks available for homeowners is known as the “121 exclusion.” That home would only be eligible for two-thirds of that exclusion amount.

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Accounting Insight

MARCH 14, 2025

With the new tax year on the horizon, it’s essential for businesses to stay up to date with any changes that may impact payroll, tax contributions, and financial planning. Capital Gains Tax for Business Asset Disposal Relief will increase from 10% to 14%. Furnished Holiday Lettings (FHL) tax regime will be abolished.

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CTP

JANUARY 24, 2025

The downside is that you are paying regular income tax on these funds. Again, the downside is you are still paying tax on those funds, lowering the total available. Use a tax-advantaged health savings tool that allows you to save money tax-free and earmark that money specifically for medical expenses.

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