CTP

NOVEMBER 15, 2023

Do you feel that you pay too much in tax? The General Accounting Office estimates that Americans over-pay their taxes by almost a billion (yes, that’s billion) dollars each year! That’s why tax planning is gaining in popularity. Some obvious reasons are mistakes or oversights on their tax returns. You’re not alone.

tax planning 111

tax planning Tax tax preparation tax return 111

ThomsonReuters

JULY 6, 2023

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable.

Tax 98

Tax tax return income tax audit 98

Withum

OCTOBER 3, 2024

The IRS issued a news release providing tax relief for taxpayers affected by Hurricane Helene. Key Hurricane Helene Tax Relief Information Who qualifies for this relief? Key Hurricane Helene Tax Relief Information Who qualifies for this relief? Provide the FEMA Disaster Number of the area where your tax preparer is located.

South Carolina 130

South Carolina North Carolina tax preparation income tax 130

xendoo

JANUARY 12, 2022

You’ll thank yourself for filing business taxes according to the prescribed deadlines. Not only will this save you from sweating over a shoebox full of receipts, but making on-time tax payments will save you from any late fees or interest payments. What Is the Business Tax Filing Deadline for 2022?

business tax 98

business tax Tax tax return tax preparation 98

Going Concern

JULY 6, 2023

When PwC Australia CEO Tom Seymour stepped down in May after it was confirmed he’d received tainted emails containing confidential government tax intel leaked by former partner Peter Collins, it seems the firm hoped sacrificing him was enough to settle the matter and move on. ” Wayne Plummer – Corporate Tax at PwC.

Tax 105

Tax corporation tax Government Legal 105

Withum

SEPTEMBER 2, 2022

New York City’s tax code was amended on August 31, 2022, to harmonize a number of the City’s provisions with New York State. New York City Corporate Economic Nexus. Under the factor-based nexus standard, a C corporation has nexus with New York City if it derives $1 million or more in receipts from activity in the state.

New York 83

New York Tax tax return corporation tax 83

Withum

MARCH 21, 2022

Careful analysis of the employee retention credit (“ERC”) provided under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and the 199A limitations set forth under the Tax Cuts and Jobs Act of 2017 (“TCJA”) may lead to unexpected tax consequences this tax season.

Tax 128

Tax corporation tax income tax tax services 128

Withum

NOVEMBER 17, 2022

2022 Tax Brackets and Rates. 2022 Long-Term Capital Gains Tax Bracket. Year-End Tax Strategies for Individuals. Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. DEDUCTION AMOUNT: $19,400. Taxable Income Over.

tax planning 98

tax planning Tax Construction income tax 98

CPA Practice

MARCH 8, 2023

While designed to limit inflation, the IRA has also impacted various areas of taxation beyond IRS funding, such as bonus depreciation and the corporate alternative minimum tax (AMT). Understanding Then, the company paid whichever resulted in the highest tax bill. Corporate

income tax 111

income tax Tax financial statements corporation tax 111

Withum

MAY 4, 2022

New York’s fiscal year 2023 budget bill that was enacted into law significantly expands the benefits of the state’s pass-through entity tax (“PTET”) for many businesses. Some of the major PTET highlights include amplifying the benefits for resident S corporation shareholders, as well as establishing a New York City PTET.

New York 112

New York income tax New Jersey Tax 112

Withum

DECEMBER 4, 2024

The corporate tax rate is currently a flat 21% rate. 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. Please work with your tax advisor for future planning.

Tax 59

Tax income tax Construction Non-Profits 59

xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

business tax 52

business tax Tax income tax payroll tax 52

inDinero Tax Tips

NOVEMBER 15, 2021

Claiming deductions can save your company thousands of dollars in income taxes. If the thought of filing your taxes is enough to make you sweat, you’re not alone. . The IRS announced a plan to increase audits for small businesses by 50% for the 2020 tax year. Check out these blogs: Year-End, Capital Gains Tax and Iffy Choices.

Tax 52

Tax income tax Legal Entertainment 52

PYMNTS

MARCH 12, 2020

The joys of tax season: complex paperwork, long wait times and check disbursements. Many United States consumers are still reliant on paper checks when it comes to receiving their tax refunds, which represents the largest sum of money many of them will receive at one point during the fiscal year.

Tax 52

Tax tax return corporation tax bookkeeping 52

CPA Practice

FEBRUARY 27, 2024

These processes often include accounting and CFO services, financial planning, transaction services, corporate tax compliance and, increasingly, state and local tax compliance, including sales and use tax reporting. One of its core growth services is sales tax management.

Technology 52

Technology Tax Sales tax return 52

inDinero Tax Tips

MAY 24, 2023

However, gross vs net income is slightly different for tax purposes depending on whether you’re an employer or an employee: Employers pay tax on net income Employees pay tax on gross income Because the law requires employers to withhold taxes from employees, business owners need to keep both perspectives in mind.

Tax 52

Tax income tax tax return Legal 52

xendoo

AUGUST 2, 2023

Your business structure impacts your tax savings, accounting practices, and how you pay yourself. Examples of business structures include: Sole proprietorship Partnership Limited liability company (LLC) S corporation (S corp) C corporation (C corp) Businesses often weigh the pros and cons of forming an LLC vs. S corp.

Tax 52

Tax income tax Non-Profits tax return 52

xendoo

AUGUST 2, 2023

Your business structure impacts your tax savings, accounting practices, and how you pay yourself. Examples of business structures include: Sole proprietorship Partnership Limited liability company (LLC) S corporation (S corp) C corporation (C corp) Businesses often weigh the pros and cons of forming an LLC vs. S corp.

Tax 52

Tax income tax Non-Profits tax return 52

Withum

APRIL 5, 2023

The magical application of Section 1202 for C corporation shareholders seems too good to be true, with millions of tax dollars being saved. The C corporation shareholder can benefit not only from a reduced 21% corporate income tax rate, but the 1202 exclusion on the sale of their stock as well. A rate of 29.6%

income tax 69

income tax corporation tax Tax Sales 69

xendoo

DECEMBER 11, 2022

Tax season can be difficult for business owners, and it’s tough when you don’t know what tax forms to fill out or how. If you have a domestic corporation, then you’ll need to use the IRS Tax Form 1120. Corporation Income Tax Return, is an IRS form that certain businesses use to file taxes.

Tax 52

Tax income tax tax return bookkeeping 52

Cherry Bekaert

JULY 12, 2024

In the ever-changing investment landscape of the domestic and international tax world, real estate investors must adapt accordingly and stay current on the latest regulations and reporting requirements to make educated decisions about their investment and real estate strategies. source income subject to income tax at the regular tax rates.

Real Estate 64

Real Estate income tax Tax corporation tax 64

Going Concern

MAY 25, 2022

One thing I have learned since finding out about the IRS and the FBI conducting a court-ordered raid of Alliantgroup’s Houston offices last Friday morning is that there are A LOT of horror stories from ex-Ag employees about their experience working at the management and tax consulting firm. How does that add up, you might ask?

Start-ups 115

Start-ups Tax accounting and finance public accounting 115

Going Concern

JUNE 10, 2022

Reality TV stars convicted of fraud and tax evasion [ Department of Justice ] Following a three-week trial, a federal jury found Todd and Julie Chrisley guilty of conspiring to defraud community banks out of more than $30 million of fraudulent loans. sanctions against Russia from providing tax advisory and preparation services to the U.S.

auditor 59

auditor accounting and finance audit CPA 59

inDinero Accounting

APRIL 3, 2023

Your choice of business entity depends on a variety of factors including size, number of owners, optimal tax considerations, liability, and options available for raising investment capital. No matter what choice is right for you, Indinero provides expert business tax services that simplify the complex. Let’s dive in.

income tax 52

income tax Legal corporation tax Tax 52

inDinero Accounting

APRIL 3, 2023

Your choice of business entity depends on a variety of factors including size, number of owners, optimal tax considerations, liability, and options available for raising investment capital. No matter what choice is right for you, Indinero provides expert business tax services that simplify the complex. Let’s dive in.

income tax 52

income tax Legal corporation tax Tax 52

Going Concern

OCTOBER 1, 2022

Known for their high-end tax services, TPC is especially strong in corporate tax, serving public and private enterprises. This complements Baker Tilly’s strong corporate tax talent. TPC has incredible talent and a market reputation for excellence,” said Craig Weaver, Baker Tilly Managing Partner – Tax. “TPC

Non-Profits 98

Non-Profits audit auditor public accounting 98

Going Concern

NOVEMBER 12, 2024

One of the settlements, worth about $2 million, is with Wayne Plummer, a former senior PwC corporate tax partner and leader of the firm’s tax risk and quality team, according to a source familiar with the arrangements but not authorised to speak about the settlements.

Account 52

Account accountant accounted Technology 52

Going Concern

APRIL 14, 2023

EY Decision to Call Off Auditing Split Leaves Investors Stranded [ Bloomberg Tax ] Now that EY has deserted any plans to assuage these concerns through a thoughtful split, it’s created a contentious environment for other firms to pursue well-advised efforts to separate their business lines. .

Tax 105

Tax auditor audit accounting firms 105

Withum

NOVEMBER 6, 2024

If Republicans gain control of Congress and the Presidency, they will move quickly regarding federal tax reform. Republicans continue to signal that their top priority, over the debt ceiling, is to extend the 2017 Tax Cuts and Jobs Act (“TCJA”). The federal tax reform discussion amongst GOP leadership started months ago.

Tax 130

Tax income tax corporation tax Finance 130

Withum

OCTOBER 25, 2024

While President Trump’s tax proposals maintain many of the current provisions for individuals and businesses, the impact of the proposed tariff increases on the existing federal budget deficit, individual income taxpayers, and theglobal economy remains unclear. and adjust the individual income tax brackets. million ($27.22

Tax 122

Tax income tax corporation tax business tax 122

Withum

AUGUST 21, 2024

While it has only been a month since Vice President Harris was supported by President Biden as the Democratic presidential nominee, many business leaders are eagerly waiting to learn the tax policies that the Harris campaign will present.

tax planning 130

tax planning Tax income tax corporation tax 130