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Tax relief on energy efficient vehicles

Menzies

Menzies LLP - A leading chartered accountancy firm. This was due to end in April 2021 and will now come to an end in April 2025. The government has extended the availability of 100% first year allowances on the acquisition of cars, zero-emissions goods vehicles and equipment.

Tax 52
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Exploring key 2024 tax bill proposals

ThomsonReuters

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.

Tax 110
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Unlocking the Tax Maze: Navigating Changes in UK Property Laws for Non-Residents

Menzies

Menzies LLP - A leading chartered accountancy firm. The historical ability for non-residents to avoid UK tax on property sales and potentially benefit from reduced stamp duty has undergone significant changes.

Tax 52
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6 Trends That Are Shaping the Future of Tax and Accounting

Accounting Insight

These trends will lead to an increased interest among tax and accounting firms to outsource tax preparation services to free up staff time to focus on higher-value work. And governments around the world – 136, to date – have also already agreed to adopt the 15% minimum corporate tax.

Tax 52
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Thomson Reuters Adds Generative AI to SurePrep

CPA Practice

New features and enhancements in SurePrep TaxCaddy, Cloud Audit Suite, and ONESOURCE support the automation of tax workflows, driving efficiency and saving time for professionals in firms and corporate tax departments. ONESOURCE E-Invoicing is now generally available to customers globally.

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What’s Hot on Checkpoint for Federal & State Tax Professionals?

ThomsonReuters

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). Who needs to know: Accounting firms and other tax professionals.

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President Trump vs Biden Tax Plan Proposal in 2020

LyfeAccounting

With the US presidential election is right around the corner, and since we’re an accounting firm that loves taxes, it’s only right that we make a post discussing President Trump’s Tax Plan vs Former Vice President Joe Biden. Child Tax Credits. Corporate Tax Rates. What are the differences?