Cherry Bekaert

MAY 16, 2023

S corporations are corporations that elect to pass corporate income, losses, deductions and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed at their individual income tax rates.

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income tax Tax tax return Connecticut 88

CPA Practice

APRIL 3, 2024

billion from Walgreens Boots Alliance for unpaid taxes due to alleged issues over transfer pricing, after several years of audits. The audit comes as the company looks to sell one-third of its Deerfield corporate campus to the Pulte Group for residential development. (TNS) The IRS is seeking $2.7

audit 52

audit Tax accounting principles income tax 52

SMBAccountant

MARCH 8, 2023

Tax accountants must use the Internal Revenue Code (IRC) to provide accurate tax returns. Financial accounting is a branch of accounting that involves a process of recording, summarizing, and reporting transactions from a business. Financial accounting uses generally accepted accounting principles (GAAP).

tax accountant 130

tax accountant Tax Account accountant 130

Cherry Bekaert

MARCH 6, 2024

Our diverse team has experience serving small privately held businesses, large multinational privately held businesses and publicly traded businesses across a broad spectrum of industries, ranging from start-ups to billions in revenue reporting under generally accepted accounting principles (GAAP) and International Financial Reporting Standards.

Tax 52

Tax accounting principles financial statements income tax 52

Shay CPA

MARCH 22, 2023

These notable Section 174 changes can directly impact: Taxable income The estimated taxes you owe in 2022 Income tax provisions for financial statement purposes More details to know There are special rules under Section 174 that exclude Land and Exploration expenditures. That’s where we come in.

Tax 52

Tax accounting principles accounting and finance income tax 52

Withum

FEBRUARY 1, 2023

Important Tax Considerations With 2022 coming to an end, there are several important tax topics and considerations a dealer should be aware of over the next few years. In order to use the LIFO method, a taxpayer must file Form 970 with their tax return to make the election.

accounting and finance 52

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ThomsonReuters

JANUARY 18, 2024

Responsibilities around AI in accounting Further illustrating this point are the advancements in innovative technology, such as AI, and its impact on the profession. In fact, more boards and audit committees are, or will be, looking for accountants who understand AI ’ s potential and limitations.

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