Tax Planning July 11, 2025
In the wake of the sweeping One Big Beautiful Bill Act (OBBBA), signed into law just one week prior, accounting professionals are scrambling to understand and apply a raft of new federal tax provisions.
February 15, 2025
February 6, 2025
October 9, 2014
Are you the kind of tax practitioner who waits for business to walk in the door or do you actively pursue it on your own? Usually, the former will result in flat revenue while the latter enables you to better build and grow your practice.
October 9, 2014
Naturally, everyone’s tax situation is different and the landscape changes year to year. However, absent special circumstances such as pending legislation or drastic economic swings, the tried-and-true strategy of accelerating deductions into ...
September 30, 2014
While most Americans are thinking about football season, the MLB baseball playoffs, the coming NBA season, hockey or the upcoming holidays, savvy financial professionals are advising taxpayers to think about their taxes.
September 18, 2014
Thomson Reuters has released a new multi-volume WG&L Estate Series treatise for estate planners, Tax Planning for Family Wealth Transfers at Death: Analysis with Forms. This WG&L treatise, by Howard M. Zaritsky, renowned estate planner and author...
September 14, 2014
[This is part of a series of articles on maximizing deductions for travel and entertainment (T&E) expenses.] Normally, you can’t deduct the cost of traveling between your home and your job, even though the travel is, in reality, business-related. The IRS considers “commuting” to be a nondeductible personal expense. However, if you qualify under the IRS’...…
July 17, 2014
Thomson Reuters has released the 2014-2015 edition of the Tax Planning Guide, which accountants, lawyers, tax professionals, and financial advisors distribute to clients and prospects.
April 27, 2014
Traditionally, tax planning is targeted to individual taxpayers, but small business owners can also benefit from such tax-saving techniques. Instead of waiting until the very end of the year to pitch ideas to clients, present them with the following ten strategies at midyear.
April 21, 2014
Bloomberg BNA is typically relied on to provide high levels of tax, regulatory and compliance expertise. Used by thousands of tax professionals, including the IRS, Bloomberg BNA provides a number of solutions for tax, accounting, financial planning and estate planning.
April 7, 2014
According to a new study conducted by the UK-based accounting firm network UHY International, “Old” world economies charge higher inheritance and estate taxes than “New” world economies.
March 20, 2014
Wow! I just read an article about a woman who died six years ago and no one noticed. (Talk about a senior’s biggest fear.) It seems that she had so much liquidity in her bank account that her automatic payments lasted that long – before her mortgage company finally foreclosed.
December 3, 2013
Last year, tax planning was challenging because of changes to the tax law and "fiscal cliff." This year, numerous new tax laws set guidelines for a variety of business and personal tax issues.
December 3, 2013
Every business owner and tax professional knows that the changing of the year also marks important deadlines and rules regarding taxes and employment reporting. For employees, it means understanding how tax law changes, and there have been many in Canada this year, as well as the U.S.