ThomsonReuters

MARCH 28, 2023

Compliance may not be the most glamorous task facing indirect tax (IDT) teams, but the rapid pace of change in global regulations and reporting requirements is turning the humble compliance function into a rapid-fire gauntlet of continuous challenges. PEPPOL), which can raise compatibility issues.

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ThomsonReuters

AUGUST 25, 2023

Jump to: What is tax depreciation on rental property? How is depreciation taxed on the sale of rental property? How do you avoid depreciation recapture tax on rental property? There are also tax benefits to be gained. million American tax filers declared rental income in 2019.

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ThomsonReuters

JULY 6, 2023

Business advisory services capitalize on the unique insight of accounting firms to make a profitable shift from serving clients as a once-a-year tax compliance processor to a year-round strategic business advisor. Today, technology can automate the entire tax compliance workflow. What are business advisory services?

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

DECEMBER 19, 2023

Jump to: What environmental tax breaks are available? Helping your clients with claiming environmental tax credits As sustainability initiatives gain momentum, the IRS continues to encourage environmentally conscious actions through a range of tax incentives. What environmental tax breaks are available? 

Tax 52

Tax income tax tax return Manufacturing 52

Xero

JUNE 16, 2022

One element that shouldn’t be underestimated is the tools and technology in your repertoire. Small businesses often have unique complexity within their operations that can be made easier with apps. Complex approval processes can hold up your accounts payable and receivable. This is where the new Xero App Store comes into play.

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Technology accounts payable Manufacturing Tax 118

ThomsonReuters

DECEMBER 13, 2021

For indirect tax teams, the question of whether and when to invest in more tax technology often looms large, depending on the size of the organization and the immediate challenges facing the department. So when is the right time to invest in indirect tax automation ? Get ahead of indirect tax problems.

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Technology Tax corporation tax audit 52

Xero

AUGUST 24, 2022

It was the perfect location to reconnect with our valued accounting and bookkeeping partners, and share some exciting plans for new tools and features designed to make inventory management, bank reconciliation and tax management simpler and more seamless. Helping you navigate sales tax in the US.

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bookkeeping Louisiana Technology Tax 75

ThomsonReuters

DECEMBER 14, 2022

Though an automated tax engine will ultimately improve a company’s overall operations, a successful implementation process does place certain demands on a company’s personnel, some of which can be challenging if not addressed properly. How to integrate with other technologies. Choice of software is imperative, however.

Tax 59

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ThomsonReuters

MARCH 17, 2023

Learning curves and experience gaps Senior accountants are overwhelmed with the demand to train newly minted staff while dealing with an industry undergoing increasingly complicated and complex compliance concerns and scrutiny. The industry is facing significant challenges as more accounting professionals are leaving than joining it.

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SchoolofBookkeeping

FEBRUARY 2, 2024

But time, technology, the evolution of the internet, have changed that and it’s worth looking into again. The ordering, purchasing, and receiving of inventory from vendors will be tracked, as well as the ordering and sales to customers on a per item basis. The basic idea is that of a reseller of goods.

quickbooks 52

quickbooks E-commerce Manufacturing Approval Workflows 52

ThomsonReuters

MAY 27, 2022

But for those operating in a complex network of manufacturers, logistics partners, distributors, raw goods suppliers, and sales channels, remaining compliant carries tremendous burden and risk. Businesses participating in import and export trading may find themselves swirling in a storm of global regulatory changes.

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Technology audit Virginia Manufacturing 93

ThomsonReuters

FEBRUARY 8, 2022

1) Communicate clearly to win new tax clients. When you seek to win new tax clients, it’s best to start at the beginning. With so many generations in need of tax and accounting services in the market today, it can be a challenge to discover what a client truly wants or needs, or how they want to connect with you.

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ThomsonReuters

JULY 6, 2023

In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. Instead, they can shift their focus to more value-added activities like providing financial insights and helping clients navigate the complexities of tax law.

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Account accountant accounted tax return 88

ThomsonReuters

NOVEMBER 15, 2021

Corporate tax teams responsible for collecting, managing, and paying indirect taxes face numerous challenges in today’s fractious tax landscape. For all too many managers, their days are filled with the stress of keeping pace with various changes in the indirect tax space. Indirect taxes: Much more than just a process.

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ThomsonReuters

MARCH 16, 2021

Cross-border trade comprises nearly half of the global GDP and undergirds mission-critical corporate functions including product development, procurement, manufacturing, sales, and distribution. “In The past few years have been extraordinarily challenging for the professionals who oversee supply chains at multinational corporations.

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Technology Construction Manufacturing Sales 81

ThomsonReuters

OCTOBER 12, 2023

Tax implications for owning property abroad What is FATCA? Helping clients with foreign income tax forms For U.S. To support this effort, forward-thinking accounting firms are increasingly using tax preparation software and scan-and-populate solutions to tackle the challenges of foreign income reporting. What is FEIE?

Tax 40

Tax tax return income tax Real Estate 40

Xero

FEBRUARY 12, 2023

Our new reports are built on the latest technology and have some really exciting features that will help you get quick access to answers and streamline your financial analysis. The retirement of old reports is now only a little over five months away. Our team are here to help — visit Xero Central for learning articles, support and more.

tax return 105

tax return Tax Sales Technology 105

ThomsonReuters

MAY 1, 2023

As the acceptance of cryptocurrency continues to grow, more and more clients are seeking guidance in navigating the intricate complexities of virtual money. Blockchain is the core technology for cryptocurrencies. Also known as cryptomining , cryptocoin mining, altcoin mining, or Bitcoin mining.

accounting books 59

accounting books Education Tax Start-ups 59

PYMNTS

SEPTEMBER 27, 2019

House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the FedNow development and its U.S. The company wrote in a blog post , “Earlier this month, we became aware of unusual activity involving a third-party service provider.” payments ecosystem implications. DoorDash Says May Breach Hit 4.9M

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North Carolina Kansas Michigan Healthcare 49

ThomsonReuters

SEPTEMBER 2, 2021

What is a tax provision? Simply put, a tax provision is the estimated amount of income tax that a company is legally expected to pay to the IRS for the current year. A tax provision is just one type of provision that corporate finance departments set aside to cover a probable future expense. Current income tax expense.

income tax 52

income tax Tax corporation tax accounting and finance 52

ThomsonReuters

FEBRUARY 15, 2023

property taxes, which help fund roads, schools, emergency medical services, and other services, are a vital source of revenue for state and local governments. Property tax rates vary greatly among states and localities and can have a major impact  on business investments and where people decide to live.

Tax 52

Tax Real Estate Kansas South Dakota 52

ThomsonReuters

OCTOBER 5, 2023

How to calculate amortization Amortization vs. depreciation Managing amortization of assets Companies have a lot of assets. These assets vary depending on the type of business, but they often include such tangibles and intangibles as office buildings, corporate vehicles, computers, patents, copyrights, and trademarks. What are intangible assets?

Account 52

Account accountant accounted Expense Amortization 52

ThomsonReuters

NOVEMBER 2, 2021

As a corporate tax professional, you know the complexities of complying with business taxation requirements. Your company may have to file corporate tax returns in multiple states and local jurisdictions, as well as with federal — and perhaps international — tax authorities. Does every corporation file income tax returns?

tax return 59

tax return corporation tax income tax Tax 59

CPA Practice

MARCH 21, 2024

Property tax compliance can be just as puzzling, and getting it right in some states can be more complex than in others. This blog post sheds light on what makes personal property tax compliance in certain states particularly tricky. This helps explain why many companies find property tax compliance time-consuming.

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Rhode Island Tax Arizona South Carolina 119

ThomsonReuters

FEBRUARY 23, 2024

Jump to: Why is it important to be proactive toward sales tax audits? How can my company prepare for a potential sales tax audit? How can tax technology help when defending an audit? When and how should tax systems be upgraded? Why is it important to be proactive toward sales tax audits?

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audit Sales Tax auditor 52

ThomsonReuters

APRIL 11, 2024

From a shrinking labor pool to ever-changing tax regulations to increased client demands, many accounting firms are dealing with high turnover and burnout amongst their staff members. The dawn of AI has the potential to revolutionize the tax and accounting profession by enhancing efficiency, accuracy, and insights. So how does it work?

Account 52

Account accountant accounted Technology 52

ThomsonReuters

DECEMBER 13, 2021

Indirect tax professionals play a critical role in the success of a business. As the pace of new tax compliance challenges accelerates , tax teams need constant access to accurate data that keeps up with changing sales tax reporting rules and complies with ever-evolving regulations.

Tax 52

Tax Sales Technology South Dakota 52

ThomsonReuters

MARCH 19, 2024

What if a sales tax audit needs to be appealed? What happens after the audit, win or lose Sales tax audits may be an unfortunate fact of corporate life, but not all audits are the same. Contesting the audit means going through a complex decision tree, the steps of which are detailed below.

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audit Sales Tax auditor 52

ThomsonReuters

JUNE 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you know that differentiating yourself from the competition is always top of mind. All this, alongside the more traditional tax preparation, payroll, and accounting/bookkeeping services that your clients have come to know and trust. What are advisory services?

tax return 93

tax return Tax bookkeeping services Technology 93

ThomsonReuters

APRIL 20, 2023

As governments around the world require digitalized methods for E-invoicing and real-time monitoring and reporting of business transactions, global multinational corporations (MNCs) need technologies that can help them manage data-intensive processes that demand speed, accuracy, and transparency all at once.

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Technology Tax audit Government 59

CPA Practice

SEPTEMBER 22, 2023

a provider of cloud-based tax compliance automation software for businesses of all sizes, has announced new APIs and integrations that were highlighted at Avalara NEXT , its third annual event for developers and partners responsible for building global tax compliance into commerce and business operations. Avalara, Inc. ,

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E-commerce accounts payable Technology accounting and finance 52

ThomsonReuters

AUGUST 25, 2021

Not all companies think about indirect tax automation in the same way, and different companies are at different stages in their technological journey. Watch our free on-demand webinar, Taking tax automation to the next level: Practical tips for automated companies. The 3 levels of indirect tax automation.

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Technology Tax corporation tax E-commerce 52

Snyder

NOVEMBER 27, 2022

Shopify is one of the top commerce platforms that support sales made both online and in brick-and-mortar stores. With its new invention POS-Go (POS stands for point of sale), Shopify now helps merchants to sell in brick-and-mortar stores. The main goal of this technology is to improve customer experience and streamline your work.

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E-commerce Non-Profits Technology Sales 98

inDinero Accounting

JANUARY 9, 2023

When it comes to number of employees, sales, and market share, startups look an awful lot like small businesses. Table of Contents What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? Accountants’ specialized knowledge can support your startup business in many ways. The numbers are just small.

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inDinero Accounting

JANUARY 9, 2023

When it comes to number of employees, sales, and market share, startups look an awful lot like small businesses. Table of Contents. What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? How to Select the Right Startup Accountant. Getting Started with Startup Accounting. Getting into legal troubles.

Account 52

Account accountant accounted accrual accounting 52

ThomsonReuters

OCTOBER 6, 2021

State income tax is a direct tax on business income you’ve earned in a state. It sounds straightforward, but this is a complex topic: States have various ways of calculating how much of your corporation’s business income is attributable to its presence and activity there. What is apportionment in taxes?

income tax 52

income tax Tax payroll Massachusetts 52

Snyder

JUNE 17, 2022

With rapid development of technology and even more rapid increase in the amount of generated data, data analytics is defining the success of any business trying to keep up and provide the best customer experience. It means that the timeline for coming up with solutions is getting shorter and shorter. Contents: 1. What is data visualization?

E-commerce 141

E-commerce Technology accounting and finance Finance 141