Straight Talk CPAs Poised to Assist Clients with Important State Tax Changes

MORGANVILLE, N.J. - Nov. 1, 2023 - PRLog -- Morganville, New Jersey - Straight Talk CPAs, a leading accounting firm known for its exceptional client service and expertise, is pleased to announce its readiness to assist both existing and new clients in navigating the recent significant state tax changes related to Passthrough Entity Taxes (PTETs). With these changes impacting taxpayers, Straight Talk CPAs is dedicated to providing clear and comprehensive guidance to ensure clients maximize their tax benefits and compliance.

The recent introduction of PTETs has been in response to the $10,000 cap on the federal deduction for state and local taxes, which was implemented by the Tax Cuts and Jobs Act in 2017. These PTETs are designed to help taxpayers in states with high taxes by providing an alternative way to handle state and local tax deductions.

"Our team at Straight Talk CPAs is always committed to staying ahead of the curve in tax regulations and changes," said Salim Omar, Founder of Straight Talk CPAs. "We understand the complexities of the new PTET laws and the potential benefits they offer to our clients. Our goal is to make sure our clients are well-informed and in the best possible position to optimize their tax planning strategies."

The seasoned professionals at Straight Talk CPAs have been closely monitoring the developments surrounding PTETs since their introduction and have actively participated in discussions with the American Institute of Certified Public Accountants' State and Local Tax Technical Resource Panel (SALT TRP). By leveraging their expertise and the resources provided by the AICPA SALT TRP, Straight Talk CPAs can offer clients tailored solutions for their specific tax situations. For additional details click on the link

About Straight Talk CPAs: Straight Talk CPAs is a premier accounting firm dedicated to providing transparent and reliable financial solutions to individuals and businesses. Founded by Salim Omar, the firm's team of skilled professionals offers a full range of tax and accounting services tailored to meet the unique needs of each client. With an unwavering commitment to excellence, Straight Talk CPAs prides itself on delivering trustworthy advice and building lasting relationships with clients.

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