ThomsonReuters

AUGUST 2, 2023

As the Organization for Economic Co-Operation and Development’s (OECD) ground-breaking Base Erosion Profit Shifting (BEPS) framework for taxing the digital economy is being implemented, countries around the globe are beginning to roll out the second of the OECD’s two BEPS pillars—Pillar 2.0. Discussions are ongoing.

corporation tax 98

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ThomsonReuters

SEPTEMBER 7, 2023

For accountants, understanding the intricacies of the child tax credit can have a meaningful impact on the families you serve. Y ou can claim the child tax credit for each qualifying child who has a Social Security number that is valid for employment in the United States. Who qualifies for the child tax credit? citizen, U.S.

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ThomsonReuters

FEBRUARY 1, 2024

Today, GAAP is a required accounting practice for for-profit companies, non-profits, and government entities in the United States. businesses adhere to GAAP, while entities in countries outside of the United States adhere to IFRS. Blog How to prevent misapplication of GAAP standards. So, what are the GAAP accounting rules?

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ThomsonReuters

JULY 10, 2023

However, it is important to understand both the differences and similarities to help ensure compliance and visibility into a company’s costs. To gain a better understanding of sales tax versus use tax, let’s take a closer look. In the United States, sales tax is not a federal tax, but rather a state and local tax.

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ThomsonReuters

DECEMBER 20, 2020

Wayfair decision dramatically shifted the sales tax landscape in the United States. Understanding economic nexus thresholds post- Wayfair. Many states have adopted the economic nexus threshold used in South Dakota: $100,000 in gross receipts or 200 transactions in-state. The 2018 Supreme Court South Dakota v.

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South Dakota Sales Tax E-commerce 72

ThomsonReuters

JULY 19, 2022

The Regional Comprehensive Economic Partnership (RCEP) is the FTA between the ten Association of Southeast Asian Nations (ASEAN) member states and their five FTA partners China, Japan, the Republic of Korea, Australia, and New Zealand. FTAs are negotiated instruments written in legal language, so they can be challenging to understand.

Agriculture 96

Agriculture Technology Government Legal 96

Mark Lee

FEBRUARY 20, 2024

Many people are understandably uncomfortable sharing such information with an unknown company. You can get links to each of my new blog posts in weekly ‘Business development for busy accountants’ emails. They appear to be a reputable business with a multitude of clients – beyond Linkedin.

bookkeeping 52

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MineralTree

OCTOBER 26, 2023

Understanding how AP automation works and how it streamlines AP processes is vital to keeping your company ahead of the curve in a rapidly evolving business finance landscape. Oracle EBS Oracle E-Business Suite (EBS) ’s MineralTree integration empowers companies to drive efficiency across business units.

AP Automation 76

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ThomsonReuters

FEBRUARY 1, 2023

One of the most recent FTA, the Regional Comprehensive Economic Partnership (RCEP), which covers the Asia Pacific region and went into effect in 2020, is the largest ever signed, covering an estimated 2.4 Customs & Border Protection (CBP), which create areas deemed to not exist within the Customs territory of the United States.

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Tax Manufacturing Legal Technology 59

ThomsonReuters

APRIL 18, 2023

Let’s take a closer look to gain a better understanding of GAAP and how to prevent the misapplication of GAAP standards. Outside of the United States, most countries follow the International Financial Reporting Standards (IFRS). Under IFRS , intangible assets are valued on the basis of the future economic benefit.

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LyfeAccounting

JUNE 17, 2021

So in addition, with this non-filer sign-up tool, you will be able to register your eligibility for the 3rd round of economic impact payments along with claim the recovery rebate credit for any amount of the first two rounds of stimulus you may have missed. But first, let us get through a few more updates. Are a resident of a U.S.

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Tax tax return Maine tax preparation 52

ThomsonReuters

JULY 19, 2022

Back in 2018, Instant Financial , an EWA business, conducted a survey of the American workforce to understand the effects and perceptions of wage frequency on job consideration, application and job offer acceptance. Provide special deposit rules for on-demand pay arrangements. New survey on impact of same-day pay. A shift in sentiment.

New Hampshire 98

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ThomsonReuters

AUGUST 2, 2021

This blog post looks at special purpose acquisition companies (SPACs)—shell companies created for raising capital to buy an existing, privately held firm and take it public more quickly than would be possible by going the traditional initial public offering (IPO) route, and examines the SEC’s growing focus on their filings. SECPlus Advanced

accounting and finance 52

accounting and finance Finance accounting standards Account 52

ThomsonReuters

NOVEMBER 11, 2021

To try to prevent base erosion and profit shifting (BEPS) due to transfer pricing schemes, the Organization for Economic Co-operation and Development ( OECD ) laid out “ the arm’s length principle ” in Article 9 of the OECD Model Tax Convention. In the United States , documentation guidelines are set out in Revenue Code Sections 482 and 6662.

audit 52

audit Tax corporation tax Government 52

ThomsonReuters

OCTOBER 12, 2023

tax system applies to them and how they can ensure compliance while minimizing tax liability. From understanding what foreign income is to navigating various tax forms and deductions, it is important for accountants to understand the ins and outs of U.S. Helping clients with foreign income tax forms For U.S. citizen or a U.S.

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Tax tax return income tax Real Estate 40

Snyder

JANUARY 5, 2023

The Global Marketing Trends Executive Survey polled 1,099 C-suite executives from global companies located in the United States, United Kingdom, France, Japan, and the Netherlands in April 2021. . Rapid feedback really helps to understand what customers need from brands. Getting rapid feedback.

Sales 52

Sales E-commerce Education Maine 52

Withum

JANUARY 24, 2024

That is practically impossible as people need time to read, understand, and consider the recommendation and then act, with each person having different time commitments. Individual investors also inject emotions into their decision-making process as well as that day’s political and economic news. In the middle is the S&P 500 index.

Tax 52

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PYMNTS

FEBRUARY 22, 2018

In a blog post by SAP, analysts noted that SMBs in the area have historically struggled to access and adopt technology of greater sophistication. Their ASEAN SME Transformation Study shed light on the economic growth of the market, with half of small businesses surveyed expecting revenue growth for the 2018 fiscal year.

accounting and finance 41

accounting and finance Finance B2B Technology 41

ThomsonReuters

JULY 7, 2021

The United States first imposed a federal income tax briefly during the American Civil War and also in the 1890s. Then, the Families First Coronavirus Relief Act (FFCRA) and Coronavirus Aid, Relief and Economic Security (CARES) Act were signed into law. Federal Employment Taxes. However, it was the 16 th Amendment to the U.S.

payroll 59

payroll Tax income tax payroll tax 59

PYMNTS

DECEMBER 7, 2018

According reports, Blue Vision will be part of Lyft’s Level 5 self-driving car unit led by Luc Vincent, and the company and its staff of 39 will become the anchor for a new R&D lab in London. We need good maps and to understand where every passenger and vehicle is. This is fundamental to our business.

Transportation 41

Transportation Technology Florida Start-ups 41

PYMNTS

AUGUST 16, 2019

economics, told CNBC that she expects retail sales — excluding autos — to have risen by 0.6 Amazon 4-star’s selection is a direct reflection of our customers — what they’re buying and what they’re loving,” the company wrote in a blog post at the time. Michelle Meyer, Bank of America Merrill Lynch’s head of U.S. percent. “We

Retail 43

Retail Start-ups New York Sales 43

Snyder

SEPTEMBER 9, 2022

To establish an effective and profitable Shopify dropshipping store, you have to understand the steps that need to be taken. While calculating profitability, you might want to calculate unit economics for your item. Check our articles ‘ What are unit economics and why do they matter for your business?’

E-commerce 98

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Snyder

APRIL 15, 2022

Take unit economics, for example. Companies that utilize this business method base many of their decisions around the “basic unit.” ” More specifically, unit economics takes a closer look at a company’s revenues and costs related to a single unit of production. Contents: 1.

Start-ups 52

Start-ups Sales E-commerce Finance 52

Snyder

MAY 4, 2022

While most business owners have a general understanding of how economics works, many don’t think about using it in their daily operations. However, one area of economics that can be quite beneficial for companies regardless of their industry is unit economics. Unit economics overview. User as a unit.

Manufacturing 52

Manufacturing Sales Account accountant 52

ThomsonReuters

FEBRUARY 29, 2024

AICPA Code of Conduct citations When the AICPA issued the revised code in June 2014, a mapping document in Appendix D was created to help users better understand where content from the prior code appears in the revised code. Blog Guide to accountant responsibilities : from practice areas to job duties to AI changing the profession.

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ThomsonReuters

FEBRUARY 15, 2022

Inflation, as it relates to economics, refers to a general increase in the prices of goods and services in an economy. Bureau of Labor Statistics posts the CPI each month for a number of geographic regions in the United States. appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Hey, it was the 80s.

payroll 98

payroll Alaska income tax Tax 98

ThomsonReuters

DECEMBER 13, 2021

Wayfair Supreme Court ruling marked a profound shift in the sales tax landscape for companies of all sizes doing business in the United States. Economic nexus thresholds bring complexity into indirect tax regulations. Understand your indirect tax obligations and the many ways in which sales taxes affect the organization.

Tax 52

Tax Sales Technology South Dakota 52

ThomsonReuters

NOVEMBER 5, 2020

As the clock on Brexit continues to wind down, negotiators from the United Kingdom (UK) and European Union (EU) keep insisting it is still possible to sign a free trade agreement (FTA) by the end of the year, even though deadline after deadline passes with little or no evidence that a deal can in fact be reached.

Manufacturing 52

Manufacturing Technology Government audit 52

inDinero Accounting

JANUARY 9, 2023

By the end of this post, you’ll better understand what a startup accountant should do, so when the time comes to hire one, you’ll know all the right questions to ask. With this information, your accountant can also dig down a little deeper into your operations with unit economics.

Account 52

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inDinero Accounting

JANUARY 9, 2023

By the end of this post, you’ll better understand what a startup accountant should do, so when the time comes to hire one, you’ll know all the right questions to ask. Check out these other blogs with tips on how to grow your startup: 6 Strategies to Help Any Startup Stay Organized. What Makes Accounting Services for Startups Different?

Account 52

Account accountant accounted accrual accounting 52

LyfeAccounting

MAY 5, 2021

Now here’s the thing- when you fully understand capital gains tax then guess what? Then, in the 1970s is when the United States had unprecedented amounts of inflation and needed to push asset prices down. Because it won’t impact the lower or middle-income class which makes up the bulk of economic activity.

Tax 52

Tax Real Estate Start-ups income tax 52

ThomsonReuters

JUNE 28, 2023

The rule would change the current, more abbreviated and employer-friendly version of the DOL’s economic realities test, back to something representing its prior rule that would rely on several factors, which tend to favor an employee relationship. Background on DOL’s rule.  ABC test catching on with more states. 

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