Tax Planning vs. Financial Planning: Why You Need to Understand the Difference
Many business owners assume tax planning is something to think about later – often lumped together with retirement or viewed as a byproduct of financial
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Tax Breaks for Businesses: Setting Up an IC-DISC
How many of the companies you work with are exporters? Your clients may not readily identify themselves this way, but if any of the products
Tax Breaks for Businesses: Discovering the Benefits of the IC-DISC
If you are working with a company that sells goods made in the U.S. in foreign markets, you may want to introduce this lucrative tax
Qualified Opportunity Funds – A Once in a Generation Tax Incentive to Grow Wealth
Sometimes we don’t recognize a good thing until it is gone. For most, that is turning out to be the case with Qualified Opportunity Funds
Tax Planning for Partnerships: What Are the Requirements for Using Special Tax Allocations?
If you are working with business partnerships or entrepreneurs trying to decide on an entity type, be sure to introduce them to the tax benefits
AICTP’s Roadmap to Tax Planning: 10 Keys to Growing Your Accounting Advisory Services
The accounting landscape is changing rapidly. CPAs and EAs are rethinking their strategies for practice management while moving from compliance to advisory services. As firms
Tax Planning for Partnerships: What Are Special Tax Allocations?
Each type of business entity comes with its pros and cons. Entrepreneurs may be more aware of some of the downsides of launching a partnership,
Tax Planning for Retirement Income: Implementing the Bucket Strategy
As you begin working with taxpayers to plan out their cash flow for retirement, you will want to advise them on the timing for withdrawing
Tax Planning for Retirement Income: Strategies for Generating Cash
As people plan for retirement, they rarely take into consideration the tax implications. What taxpayers may not realize is that the amount of retirement income
Hidden Gems of the Tax World: Employer-Provided Retirement Plan and Childcare Tax Credits
Most taxpayers would say they want to take every legally permissible step to lower their tax bill. Yet each year taxpayers fail to claim tax
Hidden Gems of the Tax World: Reviewing Tax Credit Basics with Your Clients
Every year countless taxpayers overlook money-saving opportunities in the form of tax credits. This provides tax professionals with an opportunity to look like magicians as