Remove 2025 Remove corporate accounting Remove corporation tax Remove tax return
article thumbnail

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. Also, the act addresses the use of optical character recognition (OCR) software.

Tax 110