Withum’s Post

Our R&D Tax Policy Forum shaping up to be a great day. Stay tuned for the latest updates. #researchanddevelopment #rdtaxcredits

Let's close out 2023 with a handful of helpful year-end tax tips from the #HaynesBoone Business Planning and Tax Group. Hear from Brandon Jones, Annie Lawson, Lauren White, Daniel Collins, Danielle Marr, Don Shiman, Michael DePompei, Jeff Dorrill and Ken Bezozo in the video below. #TaxLaw #TaxBreak

year end tax tips from the team

Check out Bowman's latest blog, "Bowman Senior Manager Presents Business Tax Lab": https://lnkd.in/eZsMXtQx Special thanks to the Burlington County Economic Development Authority for allowing David Evans to present on these topics!

📢 Only 1 week left! Join us at The County Club, Guildford on Thursday, 18th July for a Tax & Accounting Q&A Session. Maximize your finances with expert advice from ChadSan. Our panel includes Sean Hookins ACA for accounting matters, Matthew Gambold for personal tax and business advice, and Jacquetta Jackson for all tax queries. Register now to not miss out miss out! #TaxAdvice #AccountingSession

Tomorrow 11AM PST - BRAYN Roundtable is back to discuss relevant topics in the tax credit world like HR 7024 legislation and 174. Don’t miss it, register below!

Different rules apply to provide tax relief for capital and revenue expenditure. Read this article to understand the difference between repairs and improvements and how relief is given. Read Here:- https://lnkd.in/e7avVdZ2 Makesworth Accountants Makesworth Tax Advisers Makesworth Audit Services Makesworth Hampshire Ltd #capital #revenue #accountants #makesworth #accountingservices #accounting

Elections Have Consequences: A Comparison of Tax Policies As we gear up for the upcoming elections, it's crucial to understand the potential impact of each candidate's tax policies. Let's take a closer look at the tax proposals of Donald Trump and Joe Biden: Donald Trump (R): • Maintains the 21 percent corporate income tax rate from the 2017 Tax Cuts and Jobs Act (TCJA). • Imposes tariffs on U.S. imports, including a 60 percent tariff on imports from China. • Makes individual and estate tax cuts from the TCJA permanent. • Taxes large private university endowments. Joe Biden (D): • Proposes increasing the corporate income tax rate to 28 percent. • Expands taxes on corporate and individual income, including long-term capital gains and qualified dividends. • Implements a minimum effective tax rate for households with net wealth above $100 million. • Increases tax credits for workers and families. The choice between these tax plans will undoubtedly shape our economic landscape. Whether it's maintaining current rates or implementing new taxes to fund social programs, the decisions made at the ballot box will have lasting consequences. It's essential to stay informed and consider how each candidate's tax policies align with your values and vision for the future. #TaxPolicies #Election2024 #StayInformed

There are special rules which limit the ability to change your company’s accounting year end date. A company’s year end date is also known as its ‘accounting reference date’ and is historically set by reference to the date the company was incorporated. Under certain circumstances it is possible to make a change to the accounting year end and for some businesses this can have trading and / or tax benefits. #companyaccounting #accountingreferencedate

There are special rules which limit the ability to change your company’s accounting year end date. A company’s year end date is also known as its ‘accounting reference date’ and is historically set by reference to the date the company was incorporated. Under certain circumstances it is possible to make a change to the accounting year end and for some businesses this can have trading and / or tax benefits. #companyaccounting #accountingreferencedate