ThomsonReuters

SEPTEMBER 2, 2021

Although the basic definition sounds simple, what’s not always simple is how to prepare for tax provision calculation in a way that is best for the business while being fast, accurate, and defendable. Estimating each year’s tax provision is not a menial task and can require a great deal of time and effort for corporate tax departments.

income tax

Ronika Khanna CPA,CA

DECEMBER 12, 2024

Self-employed individuals, sole proprietorships , partnerships and corporations on the other hand, must account for their income and expenses , determine taxes payable and remit the appropriate amounts. Additionally, businesses are also responsible for other tax filings including GST/HST and QST and payroll.

income tax

Ronika Khanna CPA,CA

JANUARY 5, 2024

While a spreadsheet makes sense when you have a simple business with very few transactions per year, accounting software has significantly more functionality. If your time is at a premium, and you don’t have a lot to spare, the monthly cost of an accounting software can be well worth it.

quickbooks

PYMNTS

AUGUST 17, 2018

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.

Account

Ronika Khanna CPA,CA

NOVEMBER 18, 2022

For many small corporations, not much needs to be done, from a tax perspective. at the beginning in terms of accounting, sales tax, or corporate tax, as deadlines are often many months away. However, it is a good idea to set up an accounting system as soon as possible and to find an accountant.

payroll

inDinero Tax Tips

APRIL 20, 2021

Take note, gross receipts tax in Delaware cannot be reduced by deducting expenses related to the costs of the goods or services sold. Your very own Delaware corporate tax calendar. Delaware incorporated entities that owe $5,000 or more in franchise taxes must make estimated quarterly payments in progressively smaller amounts.

Delaware

Ronika Khanna CPA,CA

FEBRUARY 23, 2023

Tax Administration: Sole proprietorships and unincorporated businesses are required to include their business income and expenses in their personal tax returns by filling out the T-2125. This form can be found in most online tax filing software including Ufile and TurboTax.

Tax

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.

Delaware

Simple Accounts

MARCH 30, 2022

You must be aware of new changes in tax, accounts, etc. For example, if you are being interviewed by a UAE-based company, explain the new federal corporate tax introduced by UAE. . Are accounting and auditing the same? No, accounting and auditing are related to each other but not the same.

Account

Simple Accounts

MARCH 2, 2022

Oil corporations and international banks, on the other hand, are subject to corporate taxes. Excise taxes are imposed on some commodities that are known to be damaging to human health or the environment. The United Arab Emirates is imposing a federal corporate tax on business earnings for the first time.

Tax

LyfeAccounting

MAY 18, 2021

To avoid this tax mistake, make sure to have some kind of accounting system in place that keeps track of your actual business expenses. Tax Mistake #5: Filing late. Tax Mistake #7: Failing to be taxed as an S-Corporation. So it will definitely raise a red flag and could easily result in an audit.

Tax