ThomsonReuters

FEBRUARY 6, 2024

Here are the main differences between direct and indirect taxes: Direct taxes Levied on people and entities Are typically proportionate to the taxpayer’s income or assets Considered a progressive tax. View corporate tax solutions Onesource resource center What is indirect tax?

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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). Checkpoint resources: Kentucky personal income tax rate reduced for 2023.

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PYMNTS

SEPTEMBER 13, 2017

“Competition is fierce and profit margins are thinner than for any industry except retail,” the publication stated, adding that industry fragmentation and a lack of investment are also troubling trends for the space. “Construction accounting is a little more complex,” he recently told PYMNTS.

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inDinero Tax Tips

APRIL 11, 2023

And there’s no state corporate income tax on goods and services provided by Delaware corporations that operate outside of the state. Delaware holding companies benefit from no corporate tax on interest and other investments. The state also doesn’t impose personal property tax.

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PYMNTS

JANUARY 5, 2018

labor market slowed a bit more than economists expected in December, with a noted slip in retail employment. The latest tally by the Department of Labor showed that retail positions were off by 20,300 in December, representing the steepest slide since March of this year. That missed estimates of 190,000 additions.

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inDinero Tax Tips

APRIL 20, 2021

To compete for business tax income with New Jersey and New York, Delaware made incorporating within its borders easier for absentee (aka out-of-state) companies and incentivized absentee companies to do so. Take note, gross receipts tax in Delaware cannot be reduced by deducting expenses related to the costs of the goods or services sold.

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ThomsonReuters

MAY 22, 2024

The post Innovation strategies to meet the challenges of indirect tax appeared first on Tax & Accounting Blog Posts by Thomson Reuters. I think it’s going to be in the United States before we know it,” he added, emphasizing the need for companies to be prepared for the changes involved. Reich demurred.

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MyIRSRelief

APRIL 22, 2024

With a mix of upscale retailers, dining options, and entertainment venues, it’s the perfect place to spend a day indulging in some retail therapy. What should I do if I receive a notice of audit from the IRS or California Franchise Tax Board (FTB)?

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PYMNTS

NOVEMBER 16, 2020

As noted in this space , the entity fashioned by the merger would take its place as the fifth largest retail bank in the country, and with a presence that spans 24 states, and with a combined asset base of about $560 billion. To that end, Spanish financial firm BBVA said it would sell its U.S. billion in an all-cash deal.

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CPA Practice

MARCH 26, 2024

Although Lorquet fabricated the claims and paperwork, his loan request was approved by BlueVine and $215,645 was deposited into his account at TD Bank on June 5, 2020. Millions of government funds rolled into his bank accounts. He also transferred $17,000 into his TD Ameritrade account, according to court records.

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inDinero Tax Tips

NOVEMBER 15, 2021

After subtracting deductions, you’ll only need to pay taxes for your net revenue. The current business tax rate is 21% at the federal level, plus state corporate taxes that range anywhere from 0-11.5%. Each state has different tax laws , and it’s a good idea for businesses to get advice for tax preparation.

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Menzies

DECEMBER 6, 2023

Menzies LLP - A leading chartered accountancy firm. For example, legal invoices might show intellectual property assets, that could’ve been leveraged using Patent Box Relief to reduce the client’s corporation tax liability. In other cases, the audit team might realise that they have missed a financial opportunity.

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ThomsonReuters

DECEMBER 20, 2020

Apart from looking at where customers are located and where the company has nexus, what a company is selling can also impact how complex its sales tax obligation will be. Companies also need to ensure that they can support these tax collection and reporting decisions potentially years later.

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xendoo

JANUARY 16, 2023

From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate. For example, LLCs that opt for the IRS to tax them as corporations are subject to corporate tax rates.

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Ronika Khanna CPA,CA

SEPTEMBER 28, 2021

The registration declaration must be sent to the Registraire des entreprises no later than 60 days after the date on which registration is required except for businesses who have started a tobacco retail outlet or an artificial tanning salon, in which case they must file the declaration within 30 days of the start of the operation.

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ThomsonReuters

SEPTEMBER 8, 2023

Choosing the right business structure for entrepreneurs Business owners can structure their companies in several different ways , depending on the size of the business, its growth potential, how the business is managed, how the owners want to be taxed, and many other variables.

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PYMNTS

JULY 29, 2016

The city accounts for 42 percent of Ireland’s GDP. With a lower cost of living and one of the lowest corporate tax rates in Europe, Ireland is an attractive prospect for multinationals. Before we jump into the post, here are a few quick facts about Dublin and its tech scene: .

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