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How to Avoid the “BIG” Tax on S Corp Conversions

CPA Practice

Conversely, S corporation items of gain or loss are passed through to shareholders and taxed once on their individual returns. Prior to the Tax Cuts and Jobs Act (TCJA), corporate tax rates reached as high as 35% under a graduated tax rate structure. There are other factors to take into account.

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Bookkeeping Fundamentals for Small Business Owners

DuctTapeMarketing

Handle payments and manage accounts payable. Xendoo is an online accounting and bookkeeping service dedicated to small business owners. They simplify your bookkeeping and accounting and deliver the financial attention you deserve, unlike a traditional CPA relationship where the focus may not be on your big picture.

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How e-invoicing and continuous transaction controls (CTCs) impact tax teams and compliance efforts: Part 2

ThomsonReuters

In the second installment of our three-part series on e-invoicing, we will explore how e-invoicing and continuous transaction control (CTC) regulations impact tax compliance, and examine some of the challenges and considerations that corporate tax teams may encounter.

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Today In B2B: Tradeteq Collabs With Microsoft Azure; CEOs Sound Off To Biden

PYMNTS

Paymerang , which works in accounts payable (AP) automation, has debuted its new Invoice Automation Solution, which a press release stated will help organizations with efficiency, accuracy, visibility and getting rid of manual paper processes. CEOs To Biden: Easy Does It On Regulation, Don’t Raise Corporate Taxes.

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Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

File a final corporate tax return. You’re not filing just another tax return here. You need to figure out the protocol to file a FINAL return with both the IRS and any state tax authorities where you conduct business. . Accounts payable. Accounts receivable. Don’t let that happen to you.

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COVID-19 Scams Target The Business Community

PYMNTS

This week's B2B Data Digest takes a look at the numbers behind the latest instances of fraud, including fraudulent invoices, corporate tax scams and more. $19 While it may be the most high-profile business fraud story today, it's certainly not the only pandemic-related business fraud threat. Homeland Security investigators.

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Should you consider an automated indirect tax system? 9 key questions to ask

ThomsonReuters

The earlier tax is involved in the discussion the better, however, because buy-in from the top is key. And even if the project gets approved, cross-departmental discussions and support – from accounts payable, procurement, finance, IT, etc. –