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State Income Tax Planning Considerations for a Liquidity Event

Withum

The choice of where to establish one’s residency prior to a liquidity event can have far-reaching implications regarding income taxes and personal financial goals. Make sure you are considering the type of income when implementing state income tax planning techniques.

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Unlocking Tax Benefits: The Power of Incomplete Non-Grantor Trusts in a Post-TCJA World

Withum

The landscape of estate and tax planning has undergone a substantial transformation due to the Tax Cuts and Jobs Act of 2017 (TCJA), which effectively doubled the federal estate exemption to over $11 million (indexed for inflation to $13,610,000 in 2024) and is not scheduled to sunset until the end of the 2025 tax year.

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Demystifying Taxes for Startup Founders: Deadlines You Need to Know

Shay CPA

ASAP: Check state deadlines While a lot of states follow the IRS’s lead and require tax filings by mid-April, not all do. Usually, there’s not a ton of deviation from the IRS’s date — Iowa requires corporate income taxes by April 30, for example. You still need to pay any taxes you owe by April 15.

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Professionals on the Move – Jan. 2024

CPA Practice

She helped found the Delaware chapter of the ACE Mentor Program in 2010. Since 2001, she has served as Treasurer to the Delaware chapter of the Construction Financial Management Association. LGA, LLP Welcomes Jeffrey S. Levine, CPA, MST, as the Director of Financial Strategies.

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The 10 Best Property Taxes By States in 2021: Move Here to Save Money!

LyfeAccounting

Hawaii also has the second-highest income tax in the country coming in at 11%. That’s 11 times more than other states like F lorida and Texas who virtually have no income tax at all. So although property taxes are very low in the district of Columbia, it may not be the most affordable place to own property.

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The 10 States With the Lowest Property Taxes in 2021

LyfeAccounting

Hawaii also has the second-highest income tax in the country coming in at 11%. That’s 11 times more than other states like F lorida and Texas who virtually have no income tax at all. So although property taxes are very low in the district of Columbia, it may not be the most affordable place to own property.

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Eliminate Manual Work and Accelerate Accounts Receivable

CPA Practice

Email (Required) Number of Employees at Your Firm (Required) Number of Employees at Your Firm Sole Proprietor 2 To 4 5 To 9 10 To 19 20 To 49 50 Or More Full Name (Required) State / Province (Required) State / Province Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas (..)