MyIRSRelief

MAY 2, 2022

Business taxpayers should timely correct and amend their corporate business tax returns to assure inaccuracy of penalties being assessed, and of course to avoid a possible audit and its significant impact on you the taxpayer. Amendments may be made to either tax forms 1120 or 1120S.

tax return 130

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Patriot Software

DECEMBER 14, 2022

Your company’s tax liability largely depends on the business structure you choose. And if you structure your business as a corporation, you’re responsible for paying the corporate income tax rate on company earnings. So, what is the corporate tax rate? How do corporation taxes work?

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ThomsonReuters

FEBRUARY 9, 2024

For corporate tax professionals, the emergence of ambient AI promises a future where ordinary tasks become extraordinary, and the unnoticed becomes an essential part of their work experience. Wong forecasts that in the next year, AI assistants will become more deeply integrated into the daily work of corporate tax professionals.

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SMBAccountant

MARCH 8, 2023

One type of accounting that is well-known is tax accounting. According to Investopedia, tax accounting is “a structure of accounting methods focused on taxes rather than the appearance of public financial statements”. Tax accounting applies to individuals, businesses, and corporations.

tax accountant 130

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CPA Practice

FEBRUARY 14, 2023

The latest survey from Bloomberg Tax & Accounting shows the biggest issues faced by corporate tax departments, as well as trends in the industry. According to the new survey, three-quarters of tax departments report experiencing difficulties in recruiting and retaining talented tax professionals.

corporation tax 52

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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

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MyIRSRelief

APRIL 29, 2024

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

Tax 130

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ThomsonReuters

DECEMBER 29, 2022

Companies are facing an ever-increasing burden of corporate tax compliance and the pace of complexities shows no sign of slowing. Helping companies ensure compliance by outsourcing for business processes represents a growth opportunity for today’s tax and accounting firms. . “ percent from 2022 to 2030.

corporation tax 59

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Menzies

DECEMBER 1, 2022

Menzies LLP - A leading chartered accountancy firm. From 1 April 2023, the corporation tax rate will be increasing from 19% to 25% for companies with taxable profits over £250,000. Companies with taxable profits of less than £50,000 will continue to pay tax at 19%. Should you shorten your accounting period?

corporation tax 52

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Accounting Today

AUGUST 29, 2023

Accounting firms are less important than the partner leading the team in terms of the impact on the business's effective tax rate and the probability it will face an audit.

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CPA Practice

AUGUST 21, 2023

Among the key survey findings: More than 92% of corporate tax accountants consider workpapers as critical or very important for supporting the overall tax lifecycle. However, only 36% of tax accountants expressed satisfaction with their current processes and tools for preparing and reviewing workpapers.

corporation tax 52

corporation tax Tax tax accountant audit 52

ThomsonReuters

NOVEMBER 2, 2021

As a corporate tax professional, you know the complexities of complying with business taxation requirements. Your company may have to file corporate tax returns in multiple states and local jurisdictions, as well as with federal — and perhaps international — tax authorities. is a C corporation.

tax return 59

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ThomsonReuters

JANUARY 20, 2022

Corporate tax departments get set to take on the new year, and a key challenge is maintaining stability in an environment of continual change and uncertainty. Compliance — Job One is consistently complying with the myriad corporate tax rules in all of the jurisdictions his organization operates in globally.

corporation tax 52

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CPA Practice

DECEMBER 14, 2023

A new study by top 15 accounting firm Moss Adams revealed that 69% of accountants believe artificial intelligence will enhance rather than eliminate jobs and has a positive impact on the accounting profession as a whole, driving productivity and business growth. “AI The survey of 500 U.S. 27 and Nov. It’s very exciting.”

Account 119

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Cheap Accounting

AUGUST 31, 2023

Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. Keep receipts and invoices then record the amounts spent in the accounts. Directors have legal obligations bestowed on them when they are appointed including keeping accounting records and filing accounts.

Start-ups 75

Start-ups Account accountant accounted 75

Going Concern

DECEMBER 2, 2022

It’s December 2022 and we’re now a good year into “The Great Accounting Shortage,” the depth of which won’t truly be known until the fines start rolling in for p**s-poor audit work performed by skeleton crews. We might need to start thinking about Life After Accountants. So, any day now.

accounting firms 108

accounting firms Account accountant accounted 108

FusionCPA

NOVEMBER 24, 2020

While the amount collected for corporate income tax pales when compared to individual income tax or payroll tax, it still accounts for 1.1 US corporations are taxed at a rate of 21 percent by the United States government. In 2019, corporate income tax brought in $230.2 This is about 6.6

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CPA Practice

DECEMBER 19, 2023

Accounting and finance professionals are always on the lookout for tools that can help them become more efficient, productive and accurate in their work. Of course, to stay in demand, finance and accounting pros will need to ensure that they maintain relevant skills, especially when it comes to working with generative AI.

accounting and finance 121

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PYMNTS

FEBRUARY 26, 2019

to allow businesses to pay their corporate taxes in bitcoin. “It will mainly be effective as a working capital management tool, where, rather than actually transferring money, cryptocurrency will be transferred, and accounts shall be reconciled at a later date,” one unnamed source explained to the publication at the time.

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ThomsonReuters

MARCH 6, 2024

In the corporate tax space, just as the regulatory compliance landscape becomes more challenging and reporting requirements become more demanding, technology is advancing rapidly to crunch vast amounts of data in no time and streamline labor-intensive processes. Discover how Thomson Reuters is harnessing the power of AI. _

Tax 88

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CTP

NOVEMBER 15, 2023

The General Accounting Office estimates that Americans over-pay their taxes by almost a billion (yes, that’s billion) dollars each year! That’s why tax planning is gaining in popularity. Some obvious reasons are mistakes or oversights on their tax returns. Have you received specific training in tax planning?

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Accounting Today

MARCH 15, 2024

Tax filing season can be an extremely trying time for corporate tax and accounting professionals as they have to navigate countless forms and compile extensive amounts of information without errors.

Tax 87

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Menzies

AUGUST 31, 2023

Menzies LLP - A leading chartered accountancy firm. Sourcing funds for the accoun t A directors’ loan account records money lent to, or borrowed from, the company by its directors which isn’t a business cost, such as salary or expense payments, or a dividend to a shareholder. Seek advice Receiving professional advice is also vital.

Account 52

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Accounting Today

OCTOBER 20, 2023

The Internal Revenue Service is making improvements to its online tax professional accounts and hiring more accountants as it ramps up enforcement.

tax accountant 143

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Accounting Insight

MAY 19, 2023

Accounting software specialist, Bright, has launched its new cloud tax and compliance product at Accountex 2023. The launch of BrightTax offers a new answer to the desire from the accounting industry to adopt cloud-based software which combines secure and essential tools with an enjoyable user experience.

accounting software 52

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Shay CPA

DECEMBER 7, 2022

Close your accounts. You’ve probably already thought about closing your bank accounts, but that’s not the only area where you need to get things sorted. Specifically, you should look at: Payroll accounts, including withholding, Department of Labor, and state unemployment insurance accounts. Sales tax accounts.

tax accountant 59

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ThomsonReuters

NOVEMBER 29, 2023

” The good news is that there are proven strategies for tax professionals to effectively navigate this change while achieving their goals and balancing their workloads. One such solution is ONESOURCE Indirect Tax Determination , a global tax determination software that automates tax calculations.

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Accounting Insight

MARCH 3, 2023

As digital transformation continues to accelerate the evolution of tax and accounting, the players who expedite their embrace of these six tech trends will have an early mover advantage. 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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Going Concern

APRIL 15, 2024

In response, the Public Company Accounting Oversight Board has drafted a rule that the accounting firms can have public trust or private financials—but they can’t have both. Public accounting firms operate in a unique space in our society. Regulations need to change to match. But what about the books of the auditor?

audit 62

audit Account accountant accounted 62

Cheap Accounting

NOVEMBER 12, 2022

If you are operating a limited company then you probably know that your accounts have to be filed at Companies House nine months after the end of your accounting year end – unless it’s the first year when the filing deadline is 21 months after the date of incorporation. So in effect you can make the accounts up as usual.

Account 40

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KROST

APRIL 9, 2021

. – KROST CPAs and Consultants, Los Angeles-based firm, receives two new accolades from Accounting Today , Top 100 Firms, and Fastest-Growing Firms in the U.S. which is new to the regional list this year.” – Accounting Today. “It It means a great deal to us to receive these two awards from Accounting Today. KROST ranked No.

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Accounting Insight

JUNE 13, 2023

How can AI and automation help small accountancy practices provide a better service? The commodification of AI is also happening in accountancy: small and medium-sized firms are beginning to embrace the technology, which was previously the preserve of the Big Four. How can AI and automation help small accountancy practices?

Technology 52

Technology Account accountant accounted 52

Going Concern

OCTOBER 5, 2023

Key findings from the survey of 307 full-time CFOs in the US and UK: CFOs both sides of the pond are facing a talent crisis 8 in 10 (81%) US and UK CFOs report a talent shortage in accounting roles. Employee burnout (47%) and accounting and finance talent changing careers (47%) were also notable factors for the diminishing talent pool.

corporation tax 90

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ThomsonReuters

MARCH 9, 2023

Tax and Accounting professionals, listen up! Aren’t you tired of spending countless hours pouring through textbooks and internet searches trying to find the latest tax laws? Enter: Thomson Reuters Tax Season Toolkit. Make life easier and help you stay ahead of the game with the Tax Season Toolkit.

Tax 59

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CPA Practice

SEPTEMBER 8, 2023

Conversely, S corporation items of gain or loss are passed through to shareholders and taxed once on their individual returns. Prior to the Tax Cuts and Jobs Act (TCJA), corporate tax rates reached as high as 35% under a graduated tax rate structure. There are other factors to take into account.

Tax 110

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Cheap Accounting

FEBRUARY 4, 2022

Some times accountancy data can be lost. They say that “a reasonable excuse is something that stopped you meeting a tax obligation that you took reasonable care to meet”. The first step in your recovery plan will be to establish a clean starting point – the last date at which you have your accounting data available.

Account 52

Account accountant accounted corporation tax 52

CPA Practice

AUGUST 23, 2023

When it comes to a corporation’s relationship with its accounting firm, the firm itself is less important than the partner who leads its engagement team in lowering its tax rate, according to a new study from Iowa’s Tippie College of Business. The answer is that it’s the partner that matters much more than the accounting firm.”

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