Tax Planning & Minimization

It’s Not the Plan That’s Important, It’s the Planning: Practical Guide to Preparing for Tax Reform

NEWS

February 14, 2017

It’s Not the Plan That’s Important, It’s the Planning: Practical Guide to Preparing for Tax Reform

As President Donald Trump and the Republican-led Congress attempt to define a comprehensive tax reform package, details on policy changes are elusive. However, initial tax proposals released by the Trump Administration and House Republicans provide broad guidelines for what can be expected. As the saying goes, “it’s not the plan that’s important, it’s the planning” — so read on for what’s in the proposal, and a practical guide to preparing for tax reform.

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Section 754 Elections for Transactions with Partners and Partnerships

NEWS

August 29, 2016

Section 754 Elections for Transactions with Partners and Partnerships

Read this PICPA article on Section 754 from GTM’s Bill Ruffner, CPA, Director of Taxation and member of the Pennsylvania CPA Journal Editorial Board. Bill covers when you need to elect Section 754, who makes the election, and how it effects Section 743 adjustments.

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How to Create Efficiency and Accuracy in Corptax® International by Investing Time in Data Entry

NEWS

June 06, 2016

How to Create Efficiency and Accuracy in Corptax® International by Investing Time in Data Entry

Your output from Corptax® International is only as good as the time you put into your input. If you do not invest the time to enter the right data at the beginning of the process, you risk inaccurate output, spending time to correct it and the loss of automation. Begin with the end in mind to prevent issues later.

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