2023 Year-end Guide – Federal Tax Credits
Reading Time: 0 minutes, 39 seconds
As the year-end approaches, businesses have the opportunity to maximize their credits with key opportunities in the evolving tax landscape. Now is the time for individuals, business owners and family offices to review their 2023 and 2024 tax situations and identify opportunities for reducing, deferring or accelerating their tax obligations. As your informed partner, Hancock Askew stands ready to assist businesses in navigating these opportunities and ensuring compliance with evolving regulations.
The information contained within this article is based on federal laws and policies in effect as of the publication date. This article discusses tax planning for federal taxes. Applicable state and foreign taxes should also be considered. Taxpayers should consult with a trusted advisor when making tax and financial decisions regarding any of the items below.
Contact Us
Recommended Articles
If you want to withdraw cash from your closely held corporation at a low tax cost, the easiest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax efficient since it’s taxable to you to the extent of your corporation’s “earnings and profits,” but it’s not deductible by the corporation. 5 […]
With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax deductible, but...
Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to already own a vacation home. In...
By George Rendziperis, J.D., Director of State and Local Tax Under Texas law, “passive entities” are exempt from the Margin Tax and are not included in...
When launching a small business, many entrepreneurs start out as sole proprietors. If you’re launching a venture as a sole proprietorship, you need to understand the...
Stay up-to-date
Remain informed and connected. Follow us and join our mailing list.