PPT-The Dbriefs Federal Tax Series presents:

Accelerating Out of the Downturn Recognizing Income Deferring Deductions Leon Lewis Deloitte Tax LLP September 21 2011 Reverse accounting method planning Accelerating income and deferring deductions examples. For new business owners or anyone entering the corporate world for the first time, corporate income tax can seem like a minefield. Let’s look at it in a little more detail: Research has shown that most dental practitioners overpay in taxes, and the reason behind this seems to stem from their lack of proactive tax planning. By not appreciating, understanding and acting upon the myriad nuances of the tax law, dentists the country over are missing out on potential tax saving opportunities and jeopardising their financial futures. Accelerating Out of the Downturn: Recognizing Income, Deferring Deductions. Leon Lewis, Deloitte Tax LLP. September 21. , . 2011. Reverse accounting method planning. Accelerating income and deferring deductions examples. The overall goal of planning your taxes is to arrange your financial affairs in such a way that your taxes are minimized. There are 3 basic ways in which to achieve this, with each method having some slight variations: Tax filing time can be nerve wracking, whether it’s your first time or your twentieth, but with this simple guidance, filing for the first time should be made a little easier: Filing your taxes each year need not be a stressful experience if you prepare in advance and take the time to understand a little more about what can get you a credit or a deduction. Even if you’re using the services of a tax professional, it doesn’t hurt to understand as much as you can about the whole process, and the more information you can accurately present to your tax professional well in advance of the due date, so much the better. With the beginning of a new year, comes the perfect opportunity to begin to think strategically about your taxes, if you haven’t already. Here are a few points you might want to take into consideration when planning your taxes: Tax time comes around with surprising regularity, and when it seems you’ve only just got over the stress of filing in time for the deadline, that time of the year comes around again and our taxes loom over us like a rain cloud. There are, of course, strict penalties in place for those who incorrectly file their tax return, whether it’s a business or personal one, but the IRS will not assess a penalty if it owes you or your business, a refund. You can even claim your refund late by filing an amended tax return within three years, but if you owe money to the IRS and fail to pay because of an inaccurate tax return, then they may go ahead and assess penalties and interest. Taxes are a hassle no matter how you tackle them, but there are ways of simplifying the whole process by planning in advance to help minimize your stress levels when your taxes are due: There are some tax tips that can just as easily apply to the professionals involved with other people’s taxes, as to the taxpayer themselves, and both parties are more than capable of succumbing to the stress that often accompanies tax season. The State Tax Impact of Federal Tax Reform 2017 SEATA Conference New Orleans, Louisiana July 11, 2017 Karl Frieden, VP & General Counsel, Council On State Taxation AGENDA The Economic and Political Landscape DOMAIntroduction to the Federal Tax Issues of Legally Married Same Sex Couples after the Windsor Supreme Court Case DecisionSpeakersPaul La Monaca, MST, CPA,Director of Education,National Society of T a. Christmas Eve. b. Christmas Day. c. Boxing Day. German children open their presents on Christmas Eve. They often go to Church, then have a meal with their family and then open presents.. When are presents opened in Germany?.