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You say TCJA Sunset, Jeff says Strategic Tax Moves 🕵️♂️📈💡 With provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) set to expire at the end of 2025, it's crucial to prepare for potential tax changes that could impact your finances. From rising individual tax rates to shifts in deductions and credits and changes in the estate tax exemption, the landscape could look very different. In this edition of LGA’s financial newsletter, 'What Would Jeff Do?', Jeffrey Levine, CPA, MST, dives into how to navigate these potential shifts with smart financial strategies. See below to find out how to stay ahead of the curve. Let us know your thoughts on these potential changes in the comments below. 💬 #TaxPlanning | #TCJA | #Accounting

Our Partner CA Maneet Pal Singh has been featured in The Economic Times in an article on "What Budget 2024 means for you: Positive takeaways from the interim Budget" Despite no changes in exemptions or tax slabs, the recent interim Budget offers relief to taxpayers. The proposal plans to withdraw direct tax demands up to Rs.25,000 for 2009-10 and Rs.10,000 for 2010-11 to 2014-15, benefiting around 1 crore taxpayers. CA Maneet Pal Singh partner I.P. Pasricha & Co says that "the step acknowledges the challenges faced by taxpayers in resolving long-standing disputes. “This may enhance taxpayer confidence, reduce litigation burdens, and promote a more collaborative approach to addressing historical tax issues.” Find the article link here: https://lnkd.in/gGc6Xe6v Follow us for more financial insights and expert advice. #InterimBudget2024 #UnionBudget2024 #ippcgroup #ippasrichaandco #ippasricha #CAManeetPalSingh #TaxRelief #BudgetAnalysis #FinancialInsights #Taxpayers #LitigationReduction #CollaborativeApproach #EconomicTimesFeature #FinancialExperts #TaxDemands #BudgetPositives #TaxNews #FinancialUpdates #TaxRefunds #BudgetImpact #BudgetHighlights #TaxChallenges #FinancialConsultancy #ExpertOpinions #EconomicOutlook #BudgetTakeaways #TaxationTrends #FinancialGuidance #BudgetReview #CAInsights

Hope everyone's Fourth was festive and you're feeling refreshed and ready to take on the day and week! A few items to keep in mind: Thurs, July 18 at 11am ET: WEBINAR about 174 Amortization and Research & Development Tax Credits. Register in advance: https://lnkd.in/eDJ6Qy5E If you have a 9/15 tax deadline, please send your authorized proposals back before July 12 so we may schedule site visits and complete reports in advance of the tax deadlines; remember--your CPAs need to use our reports to file. We offer 6+ tax savings strategies--from Cost Segregation to 45L/Energy Credits to 179D/Energy Deductions to LIFO for Inventory to R&D Tax Credits to 174 Amortization reports to SALT (sales, tax, usage, property, income). If we haven't discussed ALL your options recently, let's talk before July 19 or after July 22. Debbie.Rodkin@SourceAdvisors.com or 404-643-9456

In the April federal budget, the Ministry of Finance proposed a new tax policy that will result in an increase in the capital gains inclusion rate from fifty percent (50%) to sixty-six and two-thirds percent (66.67%). Under the proposal, individuals will have an annual exemption limit of $250,000. Consequently, there are strategies available to mitigate the impact of this change in many circumstances, allowing taxpayers to stay within the annual exemption limit. However, corporations do not benefit from the same $250,000 annual exemption limit. Therefore, capital gains earned within a corporation will be subject to the higher level of taxation from the first dollar. In our upcoming webinar, Blair Duffy, partner at Hendry Warren, will discuss these proposed rules and consider various strategies you should contemplate if you currently have, or expect to have, capital gains. Our goal is to help you minimize your tax liability. Register today! https://lnkd.in/e7tyNAaZ

DIFFERENCES BETWEEN ACCOUNTING AND INCOME TAX SERVICES Accounting and income tax services are both related to finance, but they serve different purposes and have distinctive characteristics. Read our quick summary and don't get confused ever again. 🤓https://lnkd.in/e_yaNgyh

Have you made the most of your ISA yet? As the end of the tax year approaches, it could be worth checking you’re getting the most out of any tax allowances available to you. We could help, and here’s one example of how we did just that for a client. #tax #ISA #investing Tax reliefs referred to are those applied under current UK legislation, which may change. The availability and value of any tax relief will depend on your individual circumstances. Eligibility criteria, fees and charges apply. https://lnkd.in/eQsXdztn

Have you made the most of your ISA yet? As the end of the tax year approaches, it could be worth checking you’re getting the most out of any tax allowances available to you. We could help, and here’s one example of how we did just that for a client. #tax #ISA #investing Tax reliefs referred to are those applied under current UK legislation, which may change. The availability and value of any tax relief will depend on your individual circumstances. Eligibility criteria, fees and charges apply. https://lnkd.in/eG-q5uw6

❓ FAQ: What Should I Do If I Can’t Pay My Tax Bill on Time? ❓ If you're unable to pay your taxes in full, don’t panic! Ignoring the situation will only make it worse. The IRS offers payment plans and other relief options to help manage your tax burden. At Straight Talk CPA, we can help you set up an agreement that works for your situation, so you can avoid additional penalties and interest. Don’t wait—reach out for assistance today: https://lnkd.in/eDMj75RH #taxhelp #taxadvisor #paymentplan #irshelp #taxsolutions #straighttalkcpa #accounting #taxplanning #smallbusiness

Have you made the most of your ISA yet? As the end of the tax year approaches, it could be worth checking you’re getting the most out of any tax allowances available to you. We could help, and here’s one example of how we did just that for a client. #tax #ISA #investing Tax reliefs referred to are those applied under current UK legislation, which may change. The availability and value of any tax relief will depend on your individual circumstances. Eligibility criteria, fees and charges apply. https://lnkd.in/epSNf7V5

Have you made the most of your ISA yet? As the end of the tax year approaches, it could be worth checking you’re getting the most out of any tax allowances available to you. We could help, and here’s one example of how we did just that for a client. #tax #ISA #investing Tax reliefs referred to are those applied under current UK legislation, which may change. The availability and value of any tax relief will depend on your individual circumstances. Eligibility criteria, fees and charges apply. https://lnkd.in/eD_GrRXx