Cherry Bekaert

FEBRUARY 12, 2024

On December 14, 2023, the Financial Accounting Standards Board (FASB) issued final guidance concerning income tax disclosures, labeled Accounting Standards Update No. For businesses surpassing specified quantitative thresholds, further disaggregation by taxing jurisdictions may be required.

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Cherry Bekaert

FEBRUARY 12, 2024

The Financial Accounting Standards Board (FASB) released final guidance regarding income tax disclosures on December 14, 2023. Accounting Standards Update No. 2023-09 (ASU 2023-09) applies to all entities subject to income taxes and is intended to enhance the transparency and usefulness of income tax disclosures.

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MyIRSRelief

MAY 15, 2024

Nonprofit Tax Service by Mike Habib, EA Nonprofit organizations play a crucial role in society, offering valuable services and advocacy. However, managing tax compliance can be a significant challenge due to the complex nature of tax laws and regulations. and foreign tax laws. Q: My nonprofit is tax-exempt.

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CPA Practice

NOVEMBER 5, 2024

“By combining forces, GHJ is enhancing its ability to deliver greater value to clients through expanded expertise, innovative solutions, and a broader range of services designed to support their success,” GHJ said in a media release. Founded in 1993, GGF offers audit, tax, and advisory services for entrepreneurial businesses and individuals.

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inDinero Tax Tips

JUNE 12, 2023

Having an experienced tax expert on your side is best for this approach. If you’d like to outsource the tedium of this task while avoiding payroll and income tax along the way, indinero’s online bookkeeping services are here to help. You should consult appropriate professionals for advice on your specific situation.

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Withum

OCTOBER 11, 2023

Even more of the TCJA provisions expire in 2026, including the elimination of the pass-through (199A) deduction and an increase in the top individual income tax rates to 39.6%. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team.

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Withum

DECEMBER 4, 2024

Thus, property acquired and placed in service in the last days of 2024, rather than at the beginning of 2025, can result in a full expensing deduction for 2024. Section 179 expensing, unlike bonus depreciation, can give rise to state income tax benefits. years) to a shorter depreciable tax life (e.g.,

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