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Since the Tax Cut and Jobs Act was passed, there’s been a $10,000 limit on the deduction for state taxes paid by individuals on their federal returns. A growing number of states, including Minnesota, now offer workarounds to this personal state tax deduction limitation.
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In this first article in our Change Management Series, we’re highlighting ways to prepare your team for change. Here are 10 best practices to follow.
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The tax advisors at Abdo understand the importance of seeing the big picture when it comes to your tax planning. Whether you’re filing your 1040 individual return, a business return, or navigating through payroll taxes and employer regulations, we’re here to make sure you don’t miss any important 2022 tax deadlines.
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Allocating year-end tax planning time now can prove beneficial come filing time next year. Learn more about the tax considerations your business should be taking into account and what you’ll want to discuss with our Abdo advisors.
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phData’s leaders saw an opportunity to better meet their customers’ needs by acquiring another company. The only hitch was no one—at either company—had gone through an acquisition before.
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Come join us and discover what makes Sage Intacct the best choice for Professional Services organizations looking to move forward with modern, cloud-based financial management.
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Learn to leverage your data to drive actionable insights and optimize performance for your professional services firm – it may be easier than you think.
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Despite its more than two-year existence, the 199A deduction is still widely misunderstood. Much of the confusion surrounding it can be traced to this media-driven myth: service-based businesses do not qualify for the deduction. If you own a service-based business and have wondered about your eligibility, here’s what you should know.
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If you’re a professional service provider with out-of-state clients, it’s important to know where you stand with state and local tax (SALT) obligations. That’s because the rules have changed, thanks in large part to the U.S. Supreme Court’s 2018 ruling in South Dakota v. Wayfair, Inc.
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