Withum

NOVEMBER 17, 2022

Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Doing so may enable you to claim larger deductions, credits, and other tax breaks for 2022 that are phased out over varying levels of adjusted gross income (AGI).

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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. While BEPS is the wider framework, Action Item 12 provides recommendations for the design of rules that require taxpayers and advisors to disclose aggressive tax planning arrangements.

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ThomsonReuters

APRIL 12, 2021

Import key data , such as charts of accounts, trial balances, sourcing, country codes, asset information, taxes, and more, combining it with knowledge and scenarios so you can forecast and optimize tax planning. Corporate Tax Technology: Stepping into the Future. Do More with More?

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ThomsonReuters

OCTOBER 19, 2022

The Inflation Reduction Act of 2022 imposes a new 15% corporate alternative (book) minimum tax on the adjusted financial statement income of applicable corporations (those with 3-year average financial statement income of at least $1 billion). FTC coverage begins at A-8900 Corporate alternative (book) minimum tax.

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ThomsonReuters

MAY 7, 2021

How to mitigate risks with tax software. Corporate tax teams are facing an array of risks, new and old, that complicate their ability to deliver an accurate and defendable tax provision within an ever-shrinking financial close window. What challenges does your tax department face? Leverage clean data.

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SingleTrackAccounting

MAY 13, 2021

According to the Tax Policy Center, the tax hikes would generate $2.4 trillion dollars between 2021 and 2030. We have been getting questions lately on how the new tax bill will affect small businesses. Corporate Tax Rate. The proposed corporate tax rate would see an increase from 21% to 28%.

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ThomsonReuters

MARCH 18, 2021

Better data: Provide the business and your tax team with transparency around processes and a single version of data truth they can use to make informed decisions. Get the right level of data you need for tax planning and forecasting faster and more easily. Tracking Global Tax Filing Deadlines on A Spreadsheet Doesn’t Work.

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ThomsonReuters

MARCH 2, 2021

The disruptions of 2020 — a pandemic, related regulatory changes, a remote workforce — have changed the business and tax landscape. On the other hand, buying a proven tax data software solution from an experienced technology partner can circumvent these problems while also saving money. Use business disruption to build your case.

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ThomsonReuters

FEBRUARY 24, 2021

Better data: Provide the business and your tax team with transparency around processes and a single version of data truth they can use to make informed decisions. Get the data you need for tax planning and forecasting faster and more easily. Biden Tax Policies Take Center Stage: What to Expect in 2021 and Beyond.

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KROST

MAY 6, 2021

First, the Biden Administration has proposed increasing the corporate tax rate from 21% to 28%. Proponents note that collections of US corporate taxes are only 1% of US GDP, far less than other developed countries, including Germany (2.1%), the UK (2.6%), Japan (4.1%), Canada (3.8%), South Korea (4.2%), and Australia (5.5%).

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CPA Practice

JUNE 20, 2023

The two parties have been battling over the tax benefit since before a larger version of it lapsed after 2021. The core of the legislation would revive an expanded tax credit for families that was in place for 2021, typically worth $3,600 per year for children under age 6 and $3,000 for older kids, paid in monthly installments.

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