Read About - The Impact of AI in Accounting: Ready to Embrace the Future?March 4, 2024
At a Glance
Main Takeaway
The accounting landscape is undergoing a revolution driven by the transformative power of Artificial Intelligence (AI)
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Read About - Understanding California Residency vs. Domicile for Tax PurposesFebruary 12, 2024
At a Glance
Main Takeaway
Understanding your residency status is crucial when it comes to taxation, especially in California, a state known for its complex tax laws
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Read About - Schedule K-1: A Guide for Real Estate InvestorsJanuary 29, 2024
At a Glance
Main Takeaway
As a real estate investor, particularly within a partnership or LLC, a Schedule K-1 is integral to your financial documentation
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Read About - Tax Relief for American Families and Workers Act of 2024January 22, 2024
The full bill has been released for the proposed Tax Relief for American Families and Workers Act of 2024
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Read About - California Guidance on Other State Tax Credit and ReciprocityJanuary 10, 2024
https://windes.wistia.com/medias/v2owa3534x?embedType=async&seo=true&videoFoam=true&videoWidth=640
At a Glance
Main Takeaway
Understanding and navigating the complexities of state tax laws can be challenging for individuals earning income across state lines
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Read About - Cost Segregation Reports and Your Schedule K-1December 18, 2023
A cost segregation report can significantly impact Schedule K-1 tax reporting by affecting depreciation deductions and taxable income
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Read About - Tax Credits Available to Nonprofits Under the Inflation Reduction Act of 2022December 4, 2023
In general, tax credits do not mean much to tax-exempt nonprofit organizations because they do not pay taxes (typically)
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Read About - IRS Contributions Rule Change for High-Earner 401(k)sNovember 28, 2023
At a Glance
Main Takeaway
The SECURE 2.0 Act of 2022 (the Act) mandates that individuals aged 50 and older earning $145,000 (indexed for inflation) or more make “catch-up” contributions to their employer-sponsored 401(k) on a Roth basis, meaning those extra contributions are to be made with money you’ve already paid taxes on
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Read About - 2023 Tax Data ScheduleNovember 7, 2023
Windes Tax Manager Matt Whipple has produced a user-friendly tax data schedule for 2023
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