Comerica Wealth Management’s Post

Are you familiar with QPRTs? This strategic estate planning tool can significantly benefit individuals looking to transfer a personal residence to their heirs while minimizing gift and estate taxes. Learn all about QPRTs here: https://bit.ly/3YEFfij #ComericaWealthManagement #Comerica #TaxExemptions #RealEstate #EstateTaxes #QPRT

Are you familiar with QPRTs? This strategic estate planning tool can significantly benefit individuals looking to transfer a personal residence to their heirs while minimizing gift and estate taxes. Learn all about QPRTs here: https://bit.ly/3YEFfij #ComericaWealthManagement #Comerica #TaxExemptions #RealEstate #EstateTaxes #QPRT

Are you familiar with QPRTs? This strategic estate planning tool can significantly benefit individuals looking to transfer a personal residence to their heirs while minimizing gift and estate taxes. Learn all about QPRTs here: https://bit.ly/3YEFfij #ComericaWealthManagement #Comerica #TaxExemptions #RealEstate #EstateTaxes #QPRT

Are you familiar with QPRTs? This strategic estate planning tool can significantly benefit individuals looking to transfer a personal residence to their heirs while minimizing gift and estate taxes. Learn all about QPRTs here: https://bit.ly/3YEFfij #ComericaWealthManagement #Comerica #TaxExemptions #RealEstate #EstateTaxes #QPRT

The Australian Taxation Office (ATO) has released its final determination confirming that advice fees related to tax (financial) advice can be deductible—if the advice is provided by a qualified tax-relevant provider. This determination, an update from the 2019 draft, follows a consultation launched in 2022. It clarifies that financial advice fees for tax-related advice can be deducted under section 25-5, which covers tax-related expenses. Key points: ✅Advice fees for tax advice provided by a qualified tax-relevant provider are deductible. ✅Fees for initial advice remain capital in nature and not deductible. ✅Ongoing financial advice fees are deductible. The Financial Advice Association will provide guidance on implementing these changes, starting in early 2025. #TaxAdvice #FinancialAdvice #ATO #TaxDeductions #FinancialPlanning #fees #taxation #tax #ruling #australia #deductibility #taxreturn

The tax environment continues to evolve, shaped by policies like the Inflation Reduction Act, TCJA, and the CARES Act. To stay ahead, contractors must navigate these changes with precision. Our partners at CICPAC | CPAs Who Know Construction have developed the 2024 Mid-Year Contractor Tax Planning Checklist, offering a concise overview of key tax planning considerations for the construction industry. Ensure your business is well-positioned for the future by downloading the report here: https://ow.ly/iPEE50TvqJo #InflationReductionAct #TCJA #CARESAct #TaxPlanning #ConstructionIndustry #TaxUpdates

American abroad, accidental American? Are you fed up enough with the way the U.S. government treats Americans abroad that you'd help us do something about it? Join us on Sep. 13 at 12:30 p.m. Central European Time for an update on where we stand and volunteer to help convince Congress that residence-based taxation is the only solution. #expats #USabroad #taxation #fatca #fbar #taxfairnessnow Register here: https://lnkd.in/dmB5R3KG

Next month many Not For Profit organisations are required to lodge their self-assessment for the first time with the Australian Taxation Office. Have you lodged your form yet? Or are you still confused like I am with the process. In the next Association Executive Services lunch time series webinar scheduled for the 19th of September the team have invited Anthony Seneca from accounting firm Matthews Steer to cover the following subjects and provide some practical tips: 😎 Overview of tax rules for NFPs 😎 Completing the self-assessment form 😎 Which NFP’s are exempt or excluded 😎 Clauses to prohibit the distribution of income and assets to members 😎 Overview of the Mutuality rules and taxable income calculation for NFPs To register here is the link https://lnkd.in/gqNrqqYk #associations #association #taxation

Tax Deadline Approaching! As the end of the financial year draws near, it's crucial to ensure your tax affairs are in order. With the deadline for filing tax returns in Australia on May 15th rapidly approaching, now is the time to take action and prepare accordingly. At BTMH, we understand the importance of effective tax management for individuals and businesses alike. Visit our website for useful tips and information: https://lnkd.in/gAATA7z2 or reach out to schedule a consultation with our experienced team. ➡️ Call us on 02 9386 0500 📞 ➡️ Send an email to officeadmin@btmh.com.au 📧 Don't wait until the last minute to address your tax obligations. Act now to avoid unnecessary stress and maximise your financial outcomes. #TaxSeason #FinancialPlanning #AccountingServices #DeadlineReminder #ProfessionalServices #LinkedInNetworking

It's May... which means the countdown for the End of Financial Year begins! Here are our top tips for getting ready for the New Year😉 1. Be aware of important dates (we've got you covered, check our feed for all the important dates for this month!) 2. Identify your tax deductions 3. Consult a tax profession Need help from the experts? Contact our team today! 📞(03) 9374 8400 📧 hello@mksgroup.com.au #MKSGroup #MoreThanJustNumbers #Accountants #AccountantsAustralia #businesstips #newblog #smallbiz #smallbusinessmelbourne #mooneeponds #smallbusinessaustralia #accountantsmelbourne