Sentences with phrase «part of tax planning»

This is one of the best options and can be part of tax planning.

ELIMINATING SOME INCOME TAX ADVANTAGES On July 18, 2017, the Federal Department of Finance announced proposed changes to the Income Tax Act (the ITA) in Canada that are intended to «level the playing field» by removing certain tax advantages that for decades have been part of tax planning for many family - owned businesses operating through private -LSB-...]

Simon mainly deals with cases involving solicitors, barristers and accountants, often when professionals acts together to administer an estate or as part of a tax planning exercise.

Estimating your taxes before you file your tax return is an essential part of tax planning, so start estimating now with the 2016 Tax Refund and Tax Return Calculator, above.

My business has paid back over $ 1 mm in debt, and pays creditors early as part of tax planning.

If we included the deferred tax charge in our calculations we'd immediately ignore the consequences of a major part of all tax planning activity.»

One part of this tax plan was increasing the standard deduction.

Not exact matches

Alternatively, if your child needs to pay taxes, they can save all or part of their income to help pay for college expenses in a Roth IRA or Section 529 college savings plan.

This summer, Clinton released details of that plan, which would include tax credits up to two years for businesses that include profit sharing as part of their employee compensation.

Financial institutions including the Royal Bank of Scotland and insurance giant Standard Life have announced plans to transfer some operations south of the border to ensure they remain part of British tax and currency systems.

Amazon has suspended part of its expansion plans in Seattle, pending the outcome of a City Council vote on a new tax on large employers that would fund programs aimed at providing affordable housing and helping the homeless.

To help them in their discussions, I have outlined four reasons why they should consider using part of that corporate tax reduction to increase or start up a 401 (k) plan employer match.

Withdrawals that are not part of a planned annuitization of the account per the terms of the contract will also be fully taxed as ordinary income until all the gains from the portfolio are distributed.

«That's become part of our year - end tax - planning advice.»

His outlook is consistent with positions Trump and current chair Janet Yellen have taken, and the depth of his commitment to that view will be a critical part of the Fed's debate about whether and how to react to the tax plan.

It's all part of California's plan to eventually collect an estimated $ 1 billion in annual tax revenue from the legal adult - use marijuana industry.

But the wealthy are already taking steps to avoid some of the most costly parts of the plan and reduce their taxes.

In part, that's because the rich have more discretion on when and where to buy homes — and with the costs of owning a home in New York going up with the tax plan, apartments aimed at the rich will see the biggest price hits.

At the time, The New York Times reported that the Koch brothers — once skeptical of President Trump — had moved closer to him, inspired, in part, by his plans to overhaul the tax code.

But she has met resistance from the Republican Party, which, as part of the House's tax overhaul plan unveiled on Thursday morning, proposed a much more modest expansion of the credit than that Ivanka has been pushing for.

Earlier this summer, President Obama made limiting tax breaks for the wealthy and closing corporate tax loopholes a part of his deficit - reduction plan, though he was unable to rally support from staunch no - tax Republicans as the deadline approached.

But as Congress moves toward repealing the mandate as part of tax reform, voters, legislators and industry experts have flocked to its defense, pointing out that doing away with it would cause already high premiums for individual health plans to rise by 10 percent.

Whether the college endowment tax was politically targeted or part of a larger plan to push schools to lower the barrier to entry, it doesn't change the reality that many liberal arts colleges stand to lose significant endowment income.

That increase would help offset the $ 1.4 trillion in revenue that would be lost from cutting the corporate tax rate, another part of both the Senate and House plans.

Part of our tax reform plan was to get people back into the workforce.

U.S. stocks have already retraced a large part of their early February losses, but we believe the coming positive effects of new U.S. tax and spending plans are still underappreciated by markets.

The discussion draft is part of the process in responding to the OECD «Action Plan on Base Erosion and Profit Shifting» (BEPS), a tax transparency initiative which is aimed to be implemented by the end of 2015.

Most owners of traditional IRAs and employer - sponsored retirement plans (like 401 (k) s and 403 (b) s must withdraw part of their tax - deferred savings each year, starting at age 70 1/2.

I predict that as debates on tax policy unfold there will be many serious Republican economists who endorse parts of the Trump plan.

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

«A ruling by a Louisiana appeals court recently stated that the entire death benefit from a single premium annuity plan paid to the beneficiary named in that plan was subject to inheritance tax because it was part of the deceased annuity owner's estate,» says annuities specialist Steven Hart.

Looking forward to the 2018 tax year and beyond, the student loan interest deduction remains unchanged though there was a substantial discussion about changing or even eliminating it as part of the Trump tax plan.

For their part, the federal government has not budged, staunchly defending this plan by dismissing the huge impact their changes will have on how we operate small businesses, and by inferring that doctors and other professionals are tax cheaters who unfairly take advantage of small business tax - saving mechanisms.

We used a placeholder of $ 100 billion, which is close to either the Tax Policy Center's estimate of switching to a territorial system as part of the House GOP tax plan or the Joint Committee on Taxation's estimate of a voluntary repatriation holiday (though a permanently lower rate would be more expensivTax Policy Center's estimate of switching to a territorial system as part of the House GOP tax plan or the Joint Committee on Taxation's estimate of a voluntary repatriation holiday (though a permanently lower rate would be more expensivtax plan or the Joint Committee on Taxation's estimate of a voluntary repatriation holiday (though a permanently lower rate would be more expensive).

The old saying that nothing is certain but death and taxes may be true, and including tax planning for your retirement income is an important part of the big picture.

Finance Minister Bill Morneau suggested that all three parts of the Liberal tax reform plan could see adjustments

Actual results may vary materially from those expressed or implied by forward - looking statements based on a number of factors, including, without limitation: (1) risks related to the consummation of the Merger, including the risks that (a) the Merger may not be consummated within the anticipated time period, or at all, (b) the parties may fail to obtain shareholder approval of the Merger Agreement, (c) the parties may fail to secure the termination or expiration of any waiting period applicable under the HSR Act, (d) other conditions to the consummation of the Merger under the Merger Agreement may not be satisfied, (e) all or part of Arby's financing may not become available, and (f) the significant limitations on remedies contained in the Merger Agreement may limit or entirely prevent BWW from specifically enforcing Arby's obligations under the Merger Agreement or recovering damages for any breach by Arby's; (2) the effects that any termination of the Merger Agreement may have on BWW or its business, including the risks that (a) BWW's stock price may decline significantly if the Merger is not completed, (b) the Merger Agreement may be terminated in circumstances requiring BWW to pay Arby's a termination fee of $ 74 million, or (c) the circumstances of the termination, including the possible imposition of a 12 - month tail period during which the termination fee could be payable upon certain subsequent transactions, may have a chilling effect on alternatives to the Merger; (3) the effects that the announcement or pendency of the Merger may have on BWW and its business, including the risks that as a result (a) BWW's business, operating results or stock price may suffer, (b) BWW's current plans and operations may be disrupted, (c) BWW's ability to retain or recruit key employees may be adversely affected, (d) BWW's business relationships (including, customers, franchisees and suppliers) may be adversely affected, or (e) BWW's management's or employees» attention may be diverted from other important matters; (4) the effect of limitations that the Merger Agreement places on BWW's ability to operate its business, return capital to shareholders or engage in alternative transactions; (5) the nature, cost and outcome of pending and future litigation and other legal proceedings, including any such proceedings related to the Merger and instituted against BWW and others; (6) the risk that the Merger and related transactions may involve unexpected costs, liabilities or delays; (7) other economic, business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the part of Arby's financing may not become available, and (f) the significant limitations on remedies contained in the Merger Agreement may limit or entirely prevent BWW from specifically enforcing Arby's obligations under the Merger Agreement or recovering damages for any breach by Arby's; (2) the effects that any termination of the Merger Agreement may have on BWW or its business, including the risks that (a) BWW's stock price may decline significantly if the Merger is not completed, (b) the Merger Agreement may be terminated in circumstances requiring BWW to pay Arby's a termination fee of $ 74 million, or (c) the circumstances of the termination, including the possible imposition of a 12 - month tail period during which the termination fee could be payable upon certain subsequent transactions, may have a chilling effect on alternatives to the Merger; (3) the effects that the announcement or pendency of the Merger may have on BWW and its business, including the risks that as a result (a) BWW's business, operating results or stock price may suffer, (b) BWW's current plans and operations may be disrupted, (c) BWW's ability to retain or recruit key employees may be adversely affected, (d) BWW's business relationships (including, customers, franchisees and suppliers) may be adversely affected, or (e) BWW's management's or employees» attention may be diverted from other important matters; (4) the effect of limitations that the Merger Agreement places on BWW's ability to operate its business, return capital to shareholders or engage in alternative transactions; (5) the nature, cost and outcome of pending and future litigation and other legal proceedings, including any such proceedings related to the Merger and instituted against BWW and others; (6) the risk that the Merger and related transactions may involve unexpected costs, liabilities or delays; (7) other economic, business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the SEC.

«The worst part [of the NDP plan],» Mintz added, «is that it doesn't have good economic impacts because small business deductions contribute to a wall of taxation, so if they grow, they lose some of their benefits and get hit with higher taxes....

If getting a college degree or helping your spouse or child obtain one is part of your early retirement plan, you can avoid that withdrawal tax by rolling your 401k into an IRA.

The biggest part of the governor's plan — a bill offering about $ 3 billion in tax credits and exemptions — got its first formal hearings in Annapolis at meetings of the House Ways and Means and Senate Budget and Taxation committees.

Detached homes were selling for more than $ 1.8 million in April before the province moved in to cool the market by implementing a 15 per cent tax on foreign buyers and extending rent control rules, two of 16 measures that were part of its Fair Housing Plan.

As for the tax plan, the most significant part for stocks — the reduction in the corporate rate — was already widely expected, as evidenced by the lack of market reaction, says Jacobsen.

He plans to spend much of his time in Belize, in part because of more favorable taxes there.

If possible, consider putting part or all of any bonuses, tax refunds or other lump sum payments into your retirement savings, and don't assume that your current retirement plan contributions are enough.

The Department of Finance attributes part of the higher - than - expected outcome for personal income tax revenues to tax planning by high - income Canadians to recognize income in 2015 in advance of the introduction of the new 33 % tax bracket for taxation year 2016.

Net investment income does not include tax - exempt interest from municipal bonds (or funds); withdrawals from a retirement plan such as a traditional IRA, Roth IRA, or 401 (k); and payouts from traditional defined benefit pension plans or annuities that are part of retirement plans.

With this kind of plan in place, a small business owner doesn't run the risk of failing a non-discrimination test (safe harbor plans don't require discrimination testing) and triggering a refund of contributions, which then are taxed as part of personal income.

And if Trump sticks to his campaign promises, his administration may very well end up swimming in red ink: according to reputable estimates, if carried out, Trump's spending and tax plans, including his plans for infrastructure spending and wall - building, and his promise to retain some of the most expensive parts of Obamacare, will boost government borrowing by roughly a third within a decade, and could double it by 2036.

After MAT (a campaign that will continue with the shift to the WTO where there is a project to coöpt, in the framework of the American lobbying system, a part of the opponents) concentration could be focussed on the tax on capital (Tobin tax etc.), the struggle against the plans of the IMF, the struggle against Third World debt.

They are not really against birth control, as they are against using tax - payer dollars to pay for birth control, or the government requiring churches and religious organizations to offer birth control as part of their group medical insurance plans.