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Now What? Planning Items Post Sale of Your Practice

Take a Multi-Year Outlook on Income Tax Planning It is essential that you know what your tax liability will be from the sale of your practice. Once the tax liability

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Abbott Pratt Quick Tax Tip→

As illustrated in a previous post, the tax law changes of 2018 brought along a new benefit to pass through entities: The QBI Deduction, which is a deduction up to

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Abbott Pratt Tax Talks – Spotlighting the Retirement Plan Credit

Who doesn’t love tax credits?! They are a dollar for dollar reduction of your tax liability. The IRS has a specific credit for qualified businesses that has added a SEP,

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Abbott Pratt Tax Talks – How Long Should I Hold Onto My Tax Records For?

There is a long winded answer to this question, and there is a short one… we will provide the short but are always open for a discussion to expand upon

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