ThomsonReuters

NOVEMBER 1, 2024

Given these potential pitfalls, ensuring a robust and adaptable tax compliance strategy is essential for maintaining a competitive edge. At the Oracle CloudWorld 2024 event, leaders from Thomson Reuters focused on future-proofing your approach to global indirect tax and e-invoicing compliance.

Tax 52

Tax Technology audit income tax 52

Accounting Today

JUNE 26, 2025

1, 2024; and CPA Walter W. 20, 2024, and attorney Jason M. 10, 2024, and attorney Catherine E. 14, 2024, and CPA George O. 4, 2024; Enrolled Agent John A. Klein, in New City, New York, (effective July 22, 2024). All rights reserved. Fulton, Agoura Hills, indefinite from March 18, 2025; CPA Mark L.

Tax 71

Tax Technology tax preparation CPA 71

Withum

DECEMBER 17, 2024

The issue surrounding this additional 20% deduction means that owners of S Corporations and Partnerships will see an increase in their taxes by the sunsetting of this extra 20% deduction. It is important to note the TCJA sunsetting will not eliminate the 21% corporate tax rate.

Tax 52

Tax tax planning income tax tax return 52

Churchill-Knight

OCTOBER 30, 2024

Today (30 th October 2024), the Chancellor of the Exchequer, Rachel Reeves, presented Labour’s first Budget in 14 years to Parliament. The Autumn Budget 2024 pledges to raise around £40bn for government programmes focused on “national renewal” and narrowing the growing “black hole” in public finances.

income tax 52

income tax Non-Profits Hospitality corporation tax 52

CPA Practice

NOVEMBER 13, 2024

Trump also proposed several new key tax initiatives, such as removing the current $10,000 limit on the state and local tax (SALT) deduction , eliminating taxes on Social Security and tip income, and further reducing the corporate tax rate. Here’s what a Trump presidency could mean for your taxes.

tax planning 59

tax planning Tax corporation tax income tax 59

Wellers Accounting

FEBRUARY 21, 2025

Tom Biggs explains the various end of tax year considerations, and strategies, that form effective tax planning to potentially reduce your bill.

Tax 52

Tax tax planning accounting and finance income tax 52

Withum

NOVEMBER 6, 2024

While President Trump won the 2024 Presidential election, and the Republican party has also won the majority in the Senate, control of the House of Representatives is still too close to call. If Republicans gain control of Congress and the Presidency, they will move quickly regarding federal tax reform. manufacturers.

Tax 130

Tax income tax corporation tax Finance 130

Accounting Today

JULY 15, 2025

The bill said that you had to have the asset placed in service by 2027 but also you had to start construction on that facility within one year of the enactment date," said Ian Boccaccio, principal and income tax practice leader at tax firm Ryan. "If The bonus depreciation went down to 80% in 2023 and in 2024 it went down to 60%.

Tax 91

Tax Construction Technology tax planning 91

Withum

DECEMBER 17, 2024

If these provisions are extended, nonprofits might continue to see reduced donations from middle-income donors who no longer find it beneficial to itemize. Reduced Taxation Corporate Tax Changes One of the hallmark policies of the first Trump administration was the reduction in corporate tax rates.

Tax 52

Tax corporation tax tax planning Government 52

Accounting Today

JULY 15, 2025

The February deadline applies to: Any individual, business or tax-exempt organization that has a valid extension to file their 2024 return due to run out on Oct. 15, 2025; Quarterly estimated income tax payments normally due on Sept. 15, 2026; Quarterly payroll and excise tax returns normally due on July 31, Oct.

Texas 108

Texas Tax Technology tax preparation 108

Withum

JUNE 12, 2024

S Corporation shareholders and partners in a partnership could see their effective federal income tax rate increase by 30% by the end of December 31, 2025, due to the expiration of certain tax laws. A dramatic increase to the effective tax rate may catch many pass-through entity businesses by surprise.

income tax 127

income tax Tax corporation tax Non-Profits 127

ThomsonReuters

OCTOBER 24, 2024

← Blog home As the 2024 presidential election looms, the corporate world is on the edge of its seat, anticipating the significant implications for tax policy that hang in the balance. The stark contrast between the Republican and Democratic visions for corporate taxation promises to reshape the business landscape.

corporation tax 98

corporation tax Tax tax planning income tax 98

Accounting Today

JANUARY 3, 2024

Fifteen states are reducing either individual or corporate income taxes this year, with some states trimming both individual and corporate taxes, among 34 states starting the year with significant tax changes.

Tax 134

Tax income tax corporation tax 134

Withum

OCTOBER 3, 2024

The tax relief postpones certain tax filing and payment deadlines that started as early as September 22, 2024, to May 1, 2025. May 1, 2025 2024 Form 1065 March 15, 2025 *Postponement date would allow a proper extension until October 30, 2025. What does the filing and payment relief apply to?

South Carolina 130

South Carolina North Carolina tax preparation income tax 130

Xero

AUGUST 11, 2022

Frankly, you already have enough to remember, thanks to Making Tax Digital (MTD) for VAT and Income Tax Self Assessment (ITSA). The government legislation with the goal of digitising the tax process has been underway for some time, and the next step is looming large on the horizon. Where to find more information.

income tax 98

income tax Tax tax return tax accountant 98

CPA Practice

SEPTEMBER 11, 2024

Bloomberg Tax & Accounting has released its 2025 Projected U.S. Tax Rates, which indicate inflation-adjusted amounts in the tax code will increase 2.8% This is about half the increase in 2024, and a significant drop from the 7.1% Bloomberg Tax’s annual Projected U.S. increase in 2023.

Tax 128

Tax income tax corporation tax tax planning 128

Accounting Today

FEBRUARY 12, 2024

Corporations will be the beneficiaries of a reduction in the top marginal rate in all six states.

income tax 81

income tax Tax corporation tax 81

TaxConnex

AUGUST 15, 2023

In addition to back-to-school sales tax holidays coast to coast this time of year, several states have tweaked their sales tax in favor of consumers. Alabama will lower its sales tax rate on food effective Sept. Kansas no longer taxes delivery charges , as of July 1. from 4% to 3%.

Sales 130

Sales Tax Alabama Texas 130

CPA Practice

MARCH 8, 2023

Corporate Alternative Minimum Tax is Back Congress originally introduced the corporate AMT in 1986 to prevent large companies from using tax exemptions to avoid paying income taxes, despite high earnings. To qualify for the PTC, a company must have a tax liability and cannot have a loss.

income tax 111

income tax Tax financial statements corporation tax 111

Ronika Khanna CPA,CA

JUNE 7, 2024

Year end Tax Slips Federal You must prepare a summary of the salaries paid for the year via a T4 slips for which the due date is February 28th of the year following the salary payment E.g. February 28, 2025 for the year ended December 31, 2024. February 28, 2025 for the year ended December 31, 2024.

Tax 98

Tax corporation tax tax return payroll 98

Xero

MAY 13, 2022

Making Tax Digital for Income Tax Self Assessment ( MTD for ITSA ) requires that landlords earning more than £10,000 use MTD-compatible software to keep records and make submissions to HMRC. The legislation will come into effect from April 2024. This guide looks at what MTD for ITSA means in practice for landlords. .

Tax 82

Tax income tax corporation tax accounting software 82

ThomsonReuters

JANUARY 9, 2024

Jump to: How are C corporations taxed? When are C corp taxes due? How do C corps file taxes? How can C corporations reduce their taxes? But what does that mean for your taxes? How are C corporations taxed? In 2024, the extension deadline for calendar-year businesses is Oct.

corporation tax 52

corporation tax Tax income tax Non-Profits 52

Menzies

SEPTEMBER 19, 2024

A “painful” autumn budget The Prime Minister has already warned that the autumn budget held on 30 October 2024 will be ‘painful’ and that ‘big asks’ will be made of the public. Approximately one third of all corporation tax due by small businesses was not paid to HMRC in 2022/23.

Technology 52

Technology income tax chartered accountant Tax 52

ThomsonReuters

MARCH 1, 2024

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? You may wonder how the S corporation taxation generally works. The following guide offers numerous strategies and tips that owners of S corporations can use to lower their taxes, including deductions and credits.

corporation tax 52

corporation tax Tax tax return income tax 52

CPA Practice

JULY 1, 2025

Prior to joining the firm in 2009, she held positions with Deloitte, KPMG, Arthur Anderson, the Eckerd Corporation and the Florida Department of Revenue. With experience in a Big 4 public accounting firms, a corporate tax department and as a state auditor, she understands the full range of tax issues most businesses face.

Technology 95

Technology payroll Florida CPA 95

Ronika Khanna CPA,CA

APRIL 25, 2025

If you are an unincorporated sole proprietor or a partnership, you are required to fill out the statement of business activities (T2125) on your personal tax return also referred to as the T1. If you have set up a Canadian corporation, then you are required to complete a corporate income tax return referred to as a T2.

Tax 59

Tax tax return corporation tax income tax 59

Withum

APRIL 28, 2022

For the latest news and updates on Nebraska state and local tax. Nebraska Implements Corporate Income Tax Rate Reductions. 873 which reduces Nebraska’s corporate income tax rate over the next five years. However, the extension does not apply to estimated tax payments. April 29, 2022.

Nebraska 52

Nebraska Tax income tax corporation tax 52

Ronika Khanna CPA,CA

DECEMBER 12, 2024

Corporate Tax Returns: Interest and penalty provisions are similar to unincorporated tax returns as detailed above. If they do not qualify for the SBD, taxes are due within 2 months of the year end. Unpaid taxes are charged interest at the prescribed rate.

income tax 52

income tax Tax tax return corporation tax 52

Menzies

JULY 9, 2024

Corporation Tax and Tax Reliefs Labour’s manifesto stated that corporation tax would be capped at 25%, so there are no immediate changes for businesses operating above the £250,000 small profits threshold and it appears unlikely that the lower rate of 19% would be withdrawn, given the importance of SMEs to the economy.

Manufacturing 52

Manufacturing corporation tax chartered accountant Government 52

CPA Practice

APRIL 5, 2024

Taylor from preparing federal tax returns or owning or operating a tax return preparation business. Many customers now face large income tax deficiencies and may be liable for sizable penalties and interest,” after Taylor understated their tax liability or inflated their refunds, according to a court document.

tax return 103

tax return Tax tax preparation income tax 103

CPA Practice

MAY 22, 2023

The American Institute of CPAs (AICPA) submitted a letter to the Internal Revenue Service (IRS) containing 182 suggestions regarding the 2023-2024 Guidance Priority List.

cpas 52

cpas corporation tax Tax income tax 52

CPA Practice

NOVEMBER 7, 2024

The American Institute of CPAs will be holding its 2024 Fall Tax Division Meetings for on-site media on Wednesday, Nov. following the AICPA National Tax Conference. The meetings will include speakers from the Internal Revenue Service, the Treasury Department, and other tax groups. tax administration.

income tax 52

income tax Tax accounting and finance cpas 52

CPA Practice

JUNE 12, 2024

While more strategic tax leaders are most concerned that the 2024 election will result in changes to certain Inflation Reduction Act renewable energy credits, tax tacticians are most concerned about changes to federal corporate tax rates, according to a new survey from top six accounting firm BDO USA.

Tax 64

Tax income tax corporation tax tax planning 64

Shay CPA

OCTOBER 21, 2024

Specifically, if you can get certified as a qualified emerging tech company (QETC), you and your investors can claim some meaningful credits to lower your tax liability. Plus, your company will qualify for a lower corporate tax rate on your New York State taxes. So, does your startup count as a QETC? Let’s dig in.

New York 52

New York Technology income tax corporation tax 52

Menzies

AUGUST 21, 2024

Current legislation and conditions The current rules provide beneficial tax treatment for FHLs in comparison to other property businesses in these key areas: Finance costs – exemption from finance cost restriction rules (which restrict loan interest to the basic rate of Income Tax for other residential landlords).

Tax 52

Tax income tax chartered accountant accounting and finance 52

Cheap Accounting

AUGUST 31, 2023

In the past the attraction of a limited company had been enhanced due to lower taxes on the profits extracted from the business. With the introduction of the Dividend Tax and the increases in Corporation Tax, this advantage has been eroded for many unless you have larger profits (at least over £30,000).

Start-ups 75

Start-ups accounted Account accountant 75

xendoo

JANUARY 16, 2023

From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate. For example, LLCs that opt for the IRS to tax them as corporations are subject to corporate tax rates.

business tax 52

business tax Tax income tax payroll tax 52