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The Tax Advantages To Investing In Oil And Gas Your CPA’s Probably Never Heard Of

YoungUpstarts

But chances are, your CPA hasn’t mentioned it. That’s because, like doctors, CPAs specialize. Short-term capital gains (assets held for sale or exchange for exactly one year or less) are taxed at your ordinary income tax rate, and long-term capital gains are taxed at either 0, 15 or 20 percent.

CPA 100
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Do Nonprofit Organizations Need to Pay Taxes?

Board Effect

Do nonprofits pay taxes on capital gains on donations? Many states require nonprofits to pay sales taxes on items they purchased and to charge sales taxes on the items they sell. The state laws where your organization is chartered outline the rules for sales and property taxes. What do nonprofits pay taxes on?

CPA 52
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5 Critical Tips to Reduce Your Business Taxes This Year [WEBINAR]

Up and Running

This is important because it means you should be tracking your sales and profitability all year long, and determining that your business has extra cash to spend as early in the year as possible, so you can plan for how to spend it in the most tax-efficient way possible. The last one here is your long-term capital gain.

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