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Tax Partner Matters More Than Firm on Business Taxes

CPA Practice

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. Wilde’s team analyzed more than 94,000 tax returns of U.S.

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How Did Your 1099 Season Go? New E-Filing Rules Challenged Some in 2024

CPA Practice

Every year, millions of businesses and other entities have a mini tax season before the real tax season, and many turn to their accounting firm advisors or tax professionals for help. The new filing requirements for 2024 caught many businesses off-guard, and they may not even realize it yet.

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What Is Payroll Tax? A Breakdown for Business Owners

inDinero Tax Tips

State and Local Payroll Taxes In addition to the above, businesses are subject to state and local payroll taxes. These vary by location and include income tax, disability, and unemployment insurance. However, you are responsible for withholding income tax from employee paychecks.

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What Is Payroll Tax? A Breakdown for Business Owners

inDinero Tax Tips

State and Local Payroll Taxes In addition to the above, businesses are subject to state and local payroll taxes. These vary by location and include income tax, disability, and unemployment insurance. However, you are responsible for withholding income tax from employee paychecks.

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Beyond tax season: creating revenue stability year-round

ThomsonReuters

But for some tax and accounting firms, the high volume of clients from January to April represents the majority of their business for the year. Figuring out how to stabilize revenue throughout the year can help you reduce overall stress and improve income potential. Business tax preparation.

Tax 102
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What is tax advisory?

ThomsonReuters

research and development credits) Trade and customs tax services and guidance Transfer pricing evaluation , documentation, and modification of existing policies Tax valuation services What does a tax advisor do? To take advantage of this opportunity, more and more accounting firms are shifting to an advisory-based model.

Tax 98
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Key Considerations for Profit Extraction for a Surveying Firm

Menzies

Menzies LLP - A leading chartered accountancy firm. Whilst remuneration for employees is a key aspect for attracting and retaining talent within the business, there should also be a remuneration plan in place for director-shareholders and members of an LLP. Dividends are therefore not an option for members of an LLP.