As 2023 draws to a close, we invite our valued business clients and friends to proactively assess their full financial picture to strategically plan their year-end tax optimization. It’s crucial to note that the majority of tax-saving strategies require implementation on or before December 31. AAFCPAs is poised to assist you in minimizing your tax liabilities, and we eagerly anticipate guiding you through the upcoming 2023-2024 tax season, ensuring a seamless and advantageous transition into the new fiscal year.
Tax strategies covered in this webinar included:
Federal Taxation
Tax Credits
Employee Retention Credit: Do you qualify?
Research and Development Credits
New Energy Credit Opportunities
Other Federal Credits
Section 174 Research and Experimental Expenditures
Net Operating Loss Use and Limitation
SALT Deduction Limitation Workarounds
New IRS Funding
State & Local Taxation
Significant Legislation/Cases on State Corporate Income Tax Along With Sales and Use Tax
Updates From the Multistate Tax Commission
Conformity of the States with Federal Tax Legislation
Impact of Remote Workers
Expansion of Sales Tax Nexus and Tax Base
Pass-Through Entity Taxes
State Credit and Incentive Programs
State Tax Issues for Nonprofit Entities
Canadian Tax Considerations
International Taxation
Tax Reporting Issues Related to Foreign Person’s U.S. Source Income Subject to Withholding
Schedules K-2s and K-3s for Partners and Additional Compliance Related to Foreign Partners
FBAR and Form 8938 Compliance Considerations
Permanent Establishment and Nexus Issues in the U.S. and Abroad
Form 1120Fs and Protective U.S. Returns for Foreign Companies
FINCEN Beneficial Owner Information Reports
Additional International Tax Compliance and Planning Considerations
Mike provides proactive international, federal, and state & local tax strategic planning, compliance, and business advisory services to multi-state and multi-national businesses in a variety of industries.
He advises clients on the tax implications of business legal structures, including how income, gains, losses, deductions, and credits are allocated to partners and investors. He has extensive experience advising C corporations, S corporations, and partnerships on the constantly evolving landscape of US state and local taxation, including sourcing …
Rich has more than 35 years of broad tax experience with a specialty in tax planning and consulting for private and publicly held national and multi-national businesses. He has expertise advising software, biotechnology, medical device, life science, manufacturing, retail, professional service, and publishing industries.
Rich helps AAFCPAs’ corporate clients streamline their operations, maximize tax savings, and ensure regulatory compliance. His strategic tax recommendations consider each company’s specific financial circumstances, business operations, and goals. This may involve …
Kelly is a senior leader in AAFCPAs’ Commercial Tax practice. She advises individuals, partnerships, corporations, nonprofits, and trusts operating in multiple states and municipalities on opportunities to save tax dollars through advanced tax planning and risk mitigation. This includes the identification of all location-specific tax incentives and credits that could impact business entities and their owners.
Kelly brings expertise in nexus analysis for income/franchise tax and sales and use taxes along with the analysis of state …
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