Top 10 State and Local Tax Considerations
…out to us. Email | Call 804.747.0000 Additional State and Local Tax Resources 2019/2020 Tax Planning Guide 2019 Tax Planning for Virginia Businesses 2019 Tax Planning for Executives and Entrepreneurs…
…out to us. Email | Call 804.747.0000 Additional State and Local Tax Resources 2019/2020 Tax Planning Guide 2019 Tax Planning for Virginia Businesses 2019 Tax Planning for Executives and Entrepreneurs…
By Denise M. Holmes, CPA, Tax Partner | Healthcare & Medical Practices Industry Team 9 out of 10 Tax Professionals Agree…Proactive Tax Planning and Taking Advantage of Tax Deductions is…
…requires businesses to file tax returns and pay taxes (if applicable) – whether income tax, sales tax or other taxes States may assert nexus due to a physical or economic…
…include child tax credits, higher education tax credits, and deductions for student loan interest. Postponing income also is desirable for those taxpayers who anticipate being in a lower tax bracket…
…our State and Local tax team. Email | 804.747.0000 Additional Resources New Virginia Taxpayer Changes Local Tax Time It is that time of year: BPOL renewals 2020 Tax Planning Guide…
…advisor before making any decisions. Individuals Tax rates For tax years 2018 through 2025, the following rates apply to individual taxpayers: Single Taxpayers Taxable Income Over Income Does Not Exceed…
…Year 2018 – Virginia Department of Taxation Additional State and Local Tax Resources Sales Tax Requirements: One Year After Landmark Wayfair Decision Virginia Tax Credits for Individuals and Corporate Taxpayers…
Tax Savings Opportunities for Executives, Entrepreneurs, and Small Businesses Uncertainty surrounding tax change has made year-end tax planning somewhat of a guessing game for the past few years. Year-end 2021…
…for improved taxpayer compliance and service. Increase in top marginal income tax rate Effective for tax years, beginning in 2022, the top marginal income tax bracket would be increased from…
…income tax rates A boosted standard deduction Limitations on itemized deductions No personal exemptions An increased child tax credit A less powerful Alternative Minimum Tax (AMT) Despite these major changes,…
…Year End Reminders and Tax Filing Deadlines 2017 Year End Tax Planning: Are You Prepared? 2018 Tax Planning Guide Source: © 2017 Thomson Reuters/Tax & Accounting. All Rights Reserved….
…may be one of the few discretionary planning methods left to help reduce their tax liability. Bunching Charitable Contribution into One Tax Year Beginning with tax year 2018, the Tax…