How 3.8% Net Investment Income Tax affects your tax obligations. | Tim Brunelle, CPA posted on the topic | LinkedIn (2024)

Looking ahead to 2024, the landscape for private company funding and M&A is expected to improve. Are you poised to capitalize on the anticipated upswing in private company deals and M&A activity? If you're ready to take the plunge, you have a trusted ally in Bennett Thrasher. Our experienced Transaction Advisory Services team has completed more than 500 successful transactions, both international and domestic. We work with both public and private companies as well as private equity investors on mergers, acquisitions, and divestitures.#MergersAndAcquisitions #PrivateEquity #TransactionAdvisory #BennettThrasher https://lnkd.in/eMkvrAad

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Time is a critical factor in tax cases. How well do you understand the IRS statute of limitations?This period typically spans 3 years from the return filing date but can extend to 6 years for substantial income understatements. Understanding these time limits is vital for effective tax management and ensuring compliance.If you have a question about how the statute of limitation applies to you, turn to the experts at Bennett Thrasher. We have expertise in handling statute of limitation tax issues with the IRS. #Taxes #IRS #StatuteOfLimitations #BennettThrasher https://lnkd.in/eT5WaZQx

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Bennett Thrasher is excited to announce the launch of our newest service, BT Finance Executive Search. This new offering, led by John Pope, Director of External Recruiting, focuses on helping our clients find and fill executive-level finance roles. Learn more here. #BennettThrasher

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Investing in financial instruments may offer a 5% yield, but after-tax returns vary significantly.They can be affected by your tax bracket and state of residence. High tax brackets and state taxes can reduce returns considerably, underlining the importance of understanding true investment gains. No one wants to miss opportunities to minimize their tax burden. That’s why the tax experts at Bennett Thrasher take the time to learn about you and understand your challenges, goals, and long-term vision to maximize your after-tax income.#Taxes #Investments #StateTaxes #BennettThrasher https://lnkd.in/eaeU3zmY

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Vermont is considering a new tax law targeting high earners, joining other states with a "millionaires tax." This proposal would impose a 3% tax on individuals earning more than $500,000 annually, starting in the 2024 tax year, with adjustments for inflation. Now, six states have some kind of "millionaires tax."Bennett Thrasher's team of experts stays up-to-date on changing tax laws and regulations to help you hang on to more of your hard-earned dollars.#Taxes #StateTaxes #MillionairesTax #BennettThrasher https://lnkd.in/en-hAzEu

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Since 2017, Georgia's Rural Hospital Tax Credit Program has boosted rural healthcare, with taxpayers contributing $367M, enhancing emergency and critical care.The tax credit program allows taxpayers to direct their tax dollars to the qualifying rural hospital of their choice. Those who give through Georgia HEART get a state tax credit for the full contribution amount up to a certain limit.#Taxes #StateTaxes #TaxCredits #GeorgiaTaxCredits #Healthcare https://lnkd.in/evYqU_aq

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Cities like Fort Worth and Columbus are revamping tax incentives for developers to boost affordable housing. These measures aim to address the housing crisis by leveraging tax incentives to ensure more accessible housing.How can you keep up with new tax incentives? Partner with Bennett Thrasher. Our team of dedicated professionals can help you maximize your tax savings by taking advantage of tax credits and incentives to align with your company goals.#TaxIncentives #RealEstate #RealEstateDevelopments #Taxes #BennettThrasher https://lnkd.in/dNZCY25c

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Having trouble finding finance and accounting talent for your business? You're not alone. A study found that 91% of senior managers found it challenging to find skilled finance and accounting talent.Outsourcing is an increasingly popular solution due to its efficiency and cost-effectiveness. First, evaluate your current team's skills, time, and needs. Where there's a gap, outsourcing is an excellent option. When choosing an outsourcing partner, look to Bennett Thrasher. We provide flexible and scalable outsourced accounting services in Atlanta to launch your business into the next phase of growth.#Accountant #Finance #Outsourcing #Business #Growth #BennettThrasher https://lnkd.in/e5NWPwGh

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How does your business entity choice affect your Qualified Business Income tax deductions? With the 20% QBI deduction expiring in 2025, understanding the impact of your entity's tax election and business type is crucial for tax planning. Determining whether an entity will deliver a more beneficial QBI deduction for its owners requires careful assessment. The professionals at Bennett Thrasher have the experience and expertise to guide you on this issue. We take a coordinated approach to business tax planning with a team of specialists who will maximize your tax functions rate of return.#Business #Taxes #TaxPlanning #Success https://lnkd.in/e6K6qVEG

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