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Calculating the benefits of direct tax software

ThomsonReuters

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.

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Lost Accounting Data – Emergency Plan for Limited Company Contractors

Cheap Accounting

At this point you may wish to use a Cloud Accounting system such as FreeAgent which you can pay for directly or this can be FREE if you have a Mettle or NatWest business bank account. Company Accounts and Corporation Tax Return – annual filing. Reconstruct the data. Confirmation Statement – Annual filing.

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What is a provision for income tax and how do you calculate it?

ThomsonReuters

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.

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How to file your taxes easily?

Simple Accounts

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.

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What You Should Know After You Have Incorporated

Ronika Khanna CPA,CA

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.

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How to avoid VAT penalties in UAE?

Simple Accounts

In UAE, most of the goods and services are subject to Value Added Tax. After each tax period, every taxable person in the UAE is supposed to file a VAT return with the Federal Tax Authority (FTA). . The new federal corporate tax on business earnings of 9% on profit would take effect only on June 1, 2023. .

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10 Tips for Setting up Your QBO File for the first time

Ronika Khanna CPA,CA

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.