MyIRSRelief

APRIL 22, 2024

The process involves submitting an application to the IRS with a detailed explanation of your financial situation, often with the help of a tax professional. How Can I Resolve Unfiled Tax Returns in Corona, CA? Failing to file tax returns can lead to penalties and potential legal issues.

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xendoo

AUGUST 2, 2023

Why your business structure matters Choosing the right business entity is crucial for several reasons, including: Liability protection: Some business types provide legal protection for your personal assets, while others don’t. LLCs have a flexible tax structure, with the option to pay taxes as a corporation or as a pass-through entity.

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xendoo

AUGUST 2, 2023

Why your business structure matters Choosing the right business entity is crucial for several reasons, including: Liability protection: Some business types provide legal protection for your personal assets, while others don’t. LLCs have a flexible tax structure, with the option to pay taxes as a corporation or as a pass-through entity.

Tax 52

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ThomsonReuters

SEPTEMBER 8, 2023

Indeed, there is plenty of gray territory when it comes to deciding the most strategic tax status for growing small- and mid-size companies, including LLCs (which we’ll discuss later). What is a C Corporation? There are many benefits to establishing a C corp, most of which involve tax advantages and provide mechanisms for growth.

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LyfeAccounting

NOVEMBER 9, 2020

In this post, I’m going to explain all of the tax benefits related to LLCs. It is not meant to take the place of legal and accounting advice specific to your business. The tax loopholes associated with LLCs. And maybe you’ve heard that LLCs can help you evade taxes all together. LLCs is not a tax loophole.

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ThomsonReuters

MAY 12, 2023

International tax planning is undergoing enormous change. By the beginning of 2024, a new Global Minimum Tax (GMT) regime will come into effect under the OECD’s base erosion and profit-sharing initiative. legal entity data, trial balance data, provision data) within one dataset in one workable format.

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Going Concern

MAY 25, 2022

Typically, after each corporate tax season in April and October, the company would throw insane rave parties as a thank you for the employees’ hard work through tax season. According to its website , ZMFF&J specializes in tax planning and litigation. “We

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LyfeAccounting

NOVEMBER 4, 2020

Sole proprietorship small business tax filings are actually the same as single-member LLCs. The only difference between a sole proprietorship and a single-member LLC is an LLC legally protects the owner’s assets in case of a lawsuit. C-corporations are required to pay corporate tax on the profits of the business.

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LyfeAccounting

MAY 18, 2021

So if it’s been 3 years, you’ll have to pay the fees associated with all 3 years to be in good standing and legal to operate. Tax Mistake #7: Failing to be taxed as an S-Corporation. We actually have a post covering the ins and outs of S-Corporation taxes so be sure to check it out when you get a chance.

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ThomsonReuters

FEBRUARY 8, 2024

These expenses can then be deducted from the LLC’s gross income, lowering the business’s overall tax burden. If products are being sold across state lines or internationally, for example, a more robust tax software alternative such as ONESOURCE may be worth considering. branding, logos, banners, business cards, etc.)

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ThomsonReuters

FEBRUARY 20, 2024

International GAAR rules Keeping up with tax avoidance regulation Abusive tax planning is not just a concern among U.S. tax authorities, it is a global concern. Governments around the world have long taken steps to crack down on tax evasion, such as using general anti-avoidance rules, better known as GAAR.

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Cherry Bekaert

JULY 17, 2024

tax landscape. From corporate tax rates to compliance requirements, there are several key considerations you should be aware of if your global company is expanding, or selling, in the U.S. With more than 70 years of international tax experience, we understand the complex and changing tax landscape.

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DMCL

JANUARY 6, 2025

Jana Moore, CPA, CA With two decades of experience in our Private Enterprise group, Jana has been providing accounting, taxation, and business advisory services to owner-managed businesses and individuals, including professionals in the legal, dental, and medical fields.

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ThomsonReuters

MARCH 5, 2025

Whats more, AI can help clarify highly complex tax and finance challenges. Key takeaway Reducing AI concerns For all of AIs promise and capabilities, tax and accounting professionals need to take a cautious approach to its use.

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Shay CPA

FEBRUARY 8, 2025

Penalties for Non-Compliance Failing to file the report and pay taxes by March 1st results in a $200 penalty plus 1.5% Continued non-compliance can cause a company to lose its good standing in Delaware, leading to potential legal and financial issues. monthly interest on the unpaid balance.

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PYMNTS

SEPTEMBER 28, 2020

Canadian Lawmakers Want Big Tech to Pay for Content, Taxes . Margrethe Vestager, executive vice president of the European Commission for a Europe Fit for the Digital Age , last week appealed that ruling and wants the tax bill paid.

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Cherry Bekaert

OCTOBER 23, 2024

. · 60% tariff on imports from China · No details on tariffs released · Maintain Section 301 tariffs on China · Expand Section 232 tariffs on steel and aluminum for certain imports from Mexico Corporate Tax Rate · Lower from 21% to 15% for companies with U.S. However, it would still rank the U.S. multinationals from 10.5%

corporation tax 111

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Cherry Bekaert

SEPTEMBER 11, 2024

The 2017 Tax Cuts and Jobs Act (TCJA) enacted during the Trump administration has numerous provisions set to expire in 2025, making it a hot-button topic both presidential candidates are highlighting in their proposed economic and tax plans. Imposing a baseline tariff on U.S. imports Imposing a 60% tariff on U.S.

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