Ronika Khanna CPA,CA
MARCH 22, 2024
Table of Contents As an accountant I frequently receive panicked calls from business owners who have received ominous letters from the tax authorities requesting that overdue tax returns be immediately filed. Others receive notices of assessments for estimated taxes payable if they have an overdue tax return.
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.
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ThomsonReuters
JANUARY 30, 2023
As the burden of corporate tax compliance mounts, companies are increasingly turning to tax and accounting firms for help in complying with direct tax requirements. That ’ s why it is essential for firms to have a robust corporate tax technology platform in place.
PYMNTS
AUGUST 17, 2018
Thomson Reuters is stepping into the world of mobile small business accounting with the launch of a new app, OnBalance Express. The tool allows users to log expenses through the use of optical character recognition (OCR) technology to automate entry of receipt data into businesses’ accounting systems.
Ronika Khanna CPA,CA
JANUARY 5, 2024
The idea of using an accounting software can be a bit intimidating for some new business owners. While a spreadsheet makes sense when you have a simple business with very few transactions per year, accounting software has significantly more functionality. There are two options here – accrual or cash.
ThomsonReuters
SEPTEMBER 2, 2021
A tax provision is just one type of provision that corporate finance departments set aside to cover a probable future expense. Other types of provisions a business typically accounts for include bad debts, depreciation, product warranties, pensions, and sales allowances. How provision for tax is calculated.
Ronika Khanna CPA,CA
NOVEMBER 18, 2022
Maintain all your incorporation documentation, either physically in a file folder or scan it to accounting/corporate folder on your computer. This will be very useful when you are asked for your corporate documentation, business numbers etc. For many small corporations, not much needs to be done, from a tax perspective.
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