CPA Practice

AUGUST 22, 2023

Additionally, two thirds of the survey respondents (66%) predict AI will create new professional career paths, while 68% expect roles that do not require traditional legal or tax qualifications to increase over the next five years. “We In tax, more enrolled agent (EA) professionals may be able to do personal tax returns.

Legal

TaxConnex

DECEMBER 1, 2022

There’s always something changing in the world of tax, especially sales tax. An Arizona business challenging Louisiana’s remote seller sales tax structure is appealing to the U.S. The five worst states for business based on sales tax are Alabama, Washington, Louisiana, California and Tennessee. Back to court.

Sales

Inform Accounting

MARCH 21, 2023

In this blog we set out some of the main tax rates. INCOME TAX The personal allowance and basic rate band threshold are now frozen in place until 5 April 2028. As earnings increase, individuals will move into higher tax bands. These allowances are in addition to the personal allowance and attract a 0% rate of income tax.

Tax

Inform Accounting

NOVEMBER 18, 2022

We already knew that he was going to raise taxes and reverse most, if not all of the Truss Budget. 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. What this means is that we are back in Austerity 2.0

Tax

ThomsonReuters

OCTOBER 17, 2024

Whether you’re in scope for ESRS requirements now or you’re somewhere down the line in the 2028 range, the reality is all of us need to work together to accomplish this,” said Sawyer Knight , director of ESG strategy and market insights at Thomson Reuters. “We Collaboration is absolutely critical. We found that both U.S.

Technology

CPA Practice

JANUARY 23, 2023

By Marsha Mercer, Stateline.org (TNS) As inflation soared in the past year, families in some states suffered a double whammy—paying food sales taxes on top of higher-priced groceries. At least five of the 13 states where groceries were taxed as of last Jan. Grocery taxes that remain are “there for a reason. In 2021, about 13.5

Idaho

ThomsonReuters

SEPTEMBER 13, 2024

← Blog home Just as the dust finally settled from the tax law changes unleashed with the passage of the Tax Cuts and Jobs Act (TCJA) in 2017, a new round of changes are on the horizon as the profession braces for potential sunsetting provisions, most of which would impact individual taxpayers. What are the expiring TCJA provisions?

income tax

CPA Practice

NOVEMBER 6, 2024

Trump also promised sweeping tax cuts during the campaign that culminated in his victory over Vice President Kamala Harris. Trump says the import taxes can help raise revenue, as well as reduce U.S. The former and soon-to-be next president has promised an escalation of tariffs on all U.S. He also wants a say in Federal Reserve policy.

Manufacturing