CPA Practice

MARCH 12, 2024

By Laura Davison, Lauren Vella and Erin Schilling, Bloomberg News (TNS) President Joe Biden’s budget proposal—which calls for sweeping tax increases on corporations and the wealthy—is the opening round of a looming tax fight set to consume Washington next year. rate in Trump’s tax law.

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Going Concern

APRIL 15, 2024

The audit opinions they issue typically have meaning and value because the firms operate with public trust. In the public company audit arena, this transparency is maintained through PCAOB inspections of auditors. .” We’re so proud of you. Now, some news. One of the best ways to maintain that trust is through transparency.

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Withum

MAY 15, 2024

Now that the ink has dried on your corporate tax return, it is time to consider your next important tax filing. Recently, the requirement that determines when audited financial statements are required changed. Plans with less than 100 participants do not have to be audited by an independent qualified public accountant.

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ThomsonReuters

APRIL 12, 2021

In a new episode of the Tax & Tech Talks podcast series, experts from KPMG and Thomson Reuters discuss how companies are turning to automation and analytics software to stay ahead of changes buffeting indirect tax management. _. Greater government scrutiny: Aggressive indirect tax audits are expected as soon as this year.

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Going Concern

APRIL 8, 2024

Let’s take a moment to extend thoughts and prayers to our brothers and sisters in the final days of the tax season grind. Small or foreign audit firms often have high deficiency rates, and are typically only examined every three years by PCAOB inspectors. You’re almost there! About that total eclipse today.

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Going Concern

APRIL 14, 2023

Staffing Drama Signal Mountain Won’t Pay Accounting Firm For Extra Work On Audit [ Chattanoogan.com ] Clients are the worst The Signal Mountain Town Council has declined to pay an auditing firm extra money it said was due because of inadequate help from city employees in preparing the annual city audit.

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ThomsonReuters

NOVEMBER 8, 2022

Some of the latest additions that customers may find useful include: A Special Report on tax jurisdictional perspectives that addresses current trends in corporate tax transparency to align with ESG reporting. The post What’s Hot on Checkpoint for Accounting, Audit, and Corporate Finance Professionals?

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CPA Practice

FEBRUARY 27, 2024

These processes often include accounting and CFO services, financial planning, transaction services, corporate tax compliance and, increasingly, state and local tax compliance, including sales and use tax reporting. One of its core growth services is sales tax management. Since the Supreme Court’s S.

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Accounting Insight

MARCH 3, 2023

As digital transformation continues to accelerate the evolution of tax and accounting, the players who expedite their embrace of these six tech trends will have an early mover advantage. And governments around the world – 136, to date – have also already agreed to adopt the 15% minimum corporate tax.

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ThomsonReuters

MARCH 18, 2021

How workflow engines increase the value of tax data. A workflow engine can give you a methodology for owning and managing your tax data so that its value and validity increase as it travels across the tax lifecycle. Tax teams may also use manual processes and spreadsheets to collect and analyze data.

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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.

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ThomsonReuters

DECEMBER 17, 2021

In 2022, tax authorities around the world hope to finalize the myriad details that will shape a Global Minimum Tax on multinational corporations — if they can reach consensus and make it happen. Reuters noted that this is “an extremely tight timeframe given that previous international tax deals took years to implement.”.

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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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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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ThomsonReuters

MARCH 2, 2021

Business leaders are looking for opportunities in disruptions as they prepare their companies for the future, and tax technology should be a part of their plans. With the right tax data software, your tax department can save money by automating and standardizing processes across the organization and enhancing accuracy and timeliness.

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inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered The Place to establish your corporate entity. Delaware does tax companies. With so few taxes, how does Delaware rake it in? The Delaware franchise tax. and 11:59 p.m.

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Going Concern

JUNE 10, 2022

This latest statement follows a pair of statements issued in October 2021 and December 2021, both of which similarly highlighted auditor independence. The jury also convicted Todd and Julie Chrisley and their accountant, Peter Tarantino, of a number of tax crimes, including conspiring to defraud the IRS.

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Going Concern

JULY 21, 2023

PCAOB inspection reports provide investors, audit committees, and potential clients with important information they can use to make informed decisions. By making that information easier to find and compare, these new tools will empower users to hold firms accountable for producing high-quality audits,” said PCAOB Chair Erica Y.

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CPA Practice

JULY 25, 2023

Those were among the findings of a new survey from Grant Thornton LLP, one of America’s largest audit, tax and advisory firms. That’s a jump of 17 percentage points from the previous quarter, and the highest decrease in travel spending reported since the first quarter of 2021.

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ThomsonReuters

DECEMBER 19, 2020

The Tax Cuts and Jobs Act (TCJA) changed the rules for deducting net operating losses in 2017. An NOL is the excess of a business’s tax deductions for the tax year over its taxable income for that year. For tax year 1, A has $100,000 of gross income and $125,000 of tax deductions. What is an NOL?

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ThomsonReuters

NOVEMBER 4, 2020

These days, the number one concern of corporate tax departments is clear: keeping up with changing regulations. This framework aims to put an end to tax avoidance strategies and mismatches in tax rules to ensure multinational enterprises pay their fair share of tax. Why technology is critical for DAC6 compliance.

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