FASB approves income tax reporting standard
Accounting Today
AUGUST 30, 2023
The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.
Accounting Today
AUGUST 30, 2023
The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.
Cherry Bekaert
MAY 3, 2024
What Is Global Tax Minimization? Global tax minimization is the process that companies follow to fully comply with the tax law in each country in which they operate in such a manner that their worldwide income tax liability is reduced to the lowest possible amount. income tax return. income tax.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
TaxConnex
NOVEMBER 10, 2022
I graduated in 1985 with a Masters in Tax. I was trained in income tax and expected to have a career in public accounting, but I only lasted a few years in a couple of different large CPA firms. I then went to the BellSouth Corporation tax department and had various roles.
ThomsonReuters
FEBRUARY 9, 2024
Under this act, if a corporation’s CEO or highest-paid employee’s compensation exceeds 50 times the median worker’s pay, the corporate tax rate would be increased by a penalty determined by the legislation.
Inform Accounting
NOVEMBER 18, 2022
The leaked and previously announced tax increases are still going ahead…. Corporation tax from April 1 2023 to increase to 25% for companies with profits over £250,000. Companies with profits under £50,000 will be taxed at 19%. Companies with profits between £50,000 and £250,000 will be taxed between 19% and 25%.
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. The new corporate AMT applies a 15 percent tax to a company’s  adjusted financial statement income  (AFSI).
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). Tax-exempt organizations may make this election for twelve credits.
Let's personalize your content