CPA Practice

JANUARY 5, 2024

In exchange for those payments, Lewis’ co-conspirator, who was a member of a selection committee responsible for awarding government contracts to perform auditing services for USBR programs, steered an audit contract to L.L.

CPA 52

CPA Nevada Tax tax return 52

CPA Practice

APRIL 5, 2024

The IRS is identifying his customers, determining their correct tax liabilities, pursuing refunds that were erroneously issued and collecting additional taxes and penalties, according to a court document. government fees and payments he received from customers for whom he prepared tax returns with false or fraudulent claims.

tax return 103

tax return Tax tax preparation income tax 103

MyIRSRelief

APRIL 29, 2024

Business Entity Selection and Formation: Choosing the right business structure impacts taxes, liability, and compliance. Tax professionals guide you through the formation process, ensuring you set up your business for success.

Tax 130

Tax bookkeeping Account accountant 130

Going Concern

APRIL 12, 2024

The city’s audit committee, a monitoring body that tracks the findings and recommendations of Montreal’s auditor general, comptroller general and external auditors, makes the observation in its latest annual report. Firms also annually share information such as a list of their public-company audit clients and the addresses of their offices.

CPA 104

CPA auditor Tax audit 104

ThomsonReuters

NOVEMBER 16, 2023

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.

Tax 59

Tax Technology AP Automation accounts payable 59

ThomsonReuters

DECEMBER 20, 2020

Both sales tax and VAT are types of indirect tax – a tax collected by the seller who charges the buyer at the time of purchase and then pays or remits the tax to the government on behalf of the buyer. Sales tax and VAT are a common cause of confusion within the corporate tax community.

Sales 119

Sales South Dakota Tax corporation tax 119

CPA Practice

JUNE 1, 2023

BEPS also requires that companies itemize their revenues by country, and as taxation bodies develop more sophisticated models that compare BEPS data with corporate tax return data, there may be an increase in investigations. Further, teams need to adapt to a shifting landscape of rules as the framework evolves over time.

Tax 98

Tax corporation tax Technology accounting and finance 98

Going Concern

JULY 21, 2023

PCAOB inspection reports provide investors, audit committees, and potential clients with important information they can use to make informed decisions. By making that information easier to find and compare, these new tools will empower users to hold firms accountable for producing high-quality audits,” said PCAOB Chair Erica Y.

audit 98

audit Tax Manufacturing Government 98

TaxConnex

DECEMBER 1, 2022

The plaintiffs have reportedly said that Louisiana’s patchwork sales tax compliance system is a labyrinth filled with audit traps and now say the case belongs in federal court because Wayfair was ultimately decided in the U.S. For tax years beginning on or after Jan. Supreme Court. Best and worst.

Sales 130

Sales Tax Alaska Louisiana 130

Going Concern

AUGUST 30, 2023

The request, received by TIGTA on February 18, 2022 urged TIGTA to “open an inquiry into the revolving door between the country’s top accounting firms and the Federal Government and to inform Congress and the public about [TIGTA’s] findings.” employees moving] between their firms and Government service at the IRS.”

accounting firms 67

accounting firms Account accountant accounted 67

Accounting Insight

MARCH 3, 2023

At the same time, offices of finance and T&A firms are grappling with new EU regulations around Open Banking, also known as PSD2, and new taxation and audit standards around cryptocurrencies. And governments around the world – 136, to date – have also already agreed to adopt the 15% minimum corporate tax.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

NOVEMBER 11, 2021

In fact, a global effort is underway to tighten the restrictions and increase the documentation requirements for this practice, adding a significant amount of work and responsibility to the task of the corporate tax professional. This ensures that they pay the right amount of tax in any jurisdiction in which they operate.

audit 52

audit Tax corporation tax Government 52

CPA Practice

OCTOBER 18, 2023

5 states with the lowest total tax burden for businesses While each state has its own tax structure, several states stand out for their favorable business tax environment. Here are five states renowned for their low taxes for businesses: 1. Florida also provides tax breaks and incentives for startups.

business tax 59

business tax Tax Alaska South Dakota 59

ThomsonReuters

NOVEMBER 15, 2021

Corporate tax teams responsible for collecting, managing, and paying indirect taxes face numerous challenges in today’s fractious tax landscape. Indirect tax departments face greater scrutiny from tax authorities. White paper: The Future of Tax Departments.

E-commerce 52

E-commerce Technology Tax corporation tax 52

ThomsonReuters

MARCH 25, 2024

Section 174 Capitalization of the Tax Cuts and Jobs Act (TCJA) has created confusion for many corporate tax specialists to work through in the coming months. DiSangro pointed to foreign aid, immigration, and government funding as bigger areas of focus for lawmakers at the moment. Tax now has a seat at the table.” #3

Tax 45

Tax Technology audit corporation tax 45

Ronika Khanna CPA,CA

FEBRUARY 23, 2023

It is a good practice to write the name of the client/customer or business purpose on all receipts in case of audit. Life insurance premiums are not tax deductible unless the beneficiary is the business. This form can be found in most online tax filing software including Ufile and TurboTax. If you have any doubts, then keep it!

Tax 52

Tax tax return business tax income tax 52

Ronika Khanna CPA,CA

MAY 26, 2023

Notice of assessment for Corporate Tax Returns: The amount you need to pay or refund due The types of tax payable by line item Instalments paid Interest payable on overdue instalments and year end tax payments An explanation of any changes on the NOA from the tax return filed The identification number which ends in RC000?

tax return 52

tax return income tax Tax corporation tax 52

ThomsonReuters

AUGUST 26, 2022

Singh, Chief Product Officer for Corporate Tax & Trade at Thomson Reuters, said that companies are asking “What are the changes that I can make, to be better prepared for the future?” At least part of the answer is improving transparency and readiness through data, he added. For decades, however, the laws were loosely policed.

Virginia 97

Virginia corporation tax audit Legal 97

Ronika Khanna CPA,CA

NOVEMBER 18, 2022

Once you have decided to establish a new corporation, there are certain best practices that you should implement to ensure that your corporation runs smoothly right from the beginning. Maintain all your incorporation documentation, either physically in a file folder or scan it to accounting/corporate folder on your computer.

payroll 52

payroll accounting and finance Tax accounting system 52

CPA Practice

JULY 25, 2023

Those were among the findings of a new survey from Grant Thornton LLP, one of America’s largest audit, tax and advisory firms. Chris Schenkenberg , Corporate Tax national managing partner at Grant Thornton, said technology is also the answer for what he sees as the “new normal” in workforce development.

Technology 52

Technology Non-Profits corporation tax Healthcare 52

ThomsonReuters

DECEMBER 13, 2021

In a recent Thomson Reuters report, “ Indirect taxes: Much more than a process ,” we interviewed more than 30 tax directors around the world and found that the decision to adopt a more sophisticated tax technology solution was usually triggered by two issues.

Technology 52

Technology Tax corporation tax audit 52

ThomsonReuters

NOVEMBER 4, 2020

These days, the number one concern of corporate tax departments is clear: keeping up with changing regulations. Tax authorities are also increasingly using technology to their advantage for unprecedented access to information coming into audit. Why technology is critical for DAC6 compliance.

Technology 52

Technology Non-Profits Tax tax planning 52

inDinero Tax Tips

NOVEMBER 15, 2021

Claiming deductions can save your company thousands of dollars in income taxes. However, if you’re claiming ineligible business expenses , you risk facing an audit. If the thought of filing your taxes is enough to make you sweat, you’re not alone. . Many of them may affect the 2021 tax year.

Tax 52

Tax income tax Legal Entertainment 52

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 52

Delaware Nevada Tax Sales 52

CPA Practice

NOVEMBER 9, 2023

Thomson Reuters, a global content and technology company, has added several updates to its suite of tax, accounting and audit products, it announced at its annual customer event, SYNERGY. Automating tax and audit workflows “Tax industry professionals struggle with the increased pace of regulatory change and hiring challenges.

Technology 52

Technology tax preparation corporation tax auditor 52

ThomsonReuters

APRIL 12, 2021

Changing tax rules and rates: Governments look to indirect taxes for revenue after COVID-19 stimulus packages. There’s so much flexibility with indirect taxes that we expect to see much more reliance on them as a source of revenue for these governments,” Reich said. Do More with More?

Tax 98

Tax Technology corporation tax audit 98

ThomsonReuters

SEPTEMBER 22, 2021

Tax compliance — and the reporting involved in maintaining that compliance — is one of the most stressful tasks a corporate tax team must complete. It should give teams complete control over company tax reporting, allowing them find the right level of data quickly. What is a tax data warehouse?

income tax 52

income tax Tax corporation tax tax planning 52

Accounting Insight

FEBRUARY 1, 2024

A large business tax enquiry / corporate tax enquiry is carried out by HMRC’s ‘Large Business’ directorate and ‘Wealthy & Mid-sized Business Compliance’ directorate. Remember, a corporate tax enquiry is not routine, despite what HMRC may suggest. What is a business tax enquiry / hmrc corporate enquiry ?

corporation tax 52

corporation tax tax return accounting and finance business tax 52

ThomsonReuters

APRIL 8, 2024

Given these findings, it is no surprise that staying on top of tax regulations and legislation, as well as risk identification and mitigation , ranked as among the top priorities for both tax firms and corporate tax departments.

Tax 52

Tax Technology corporation tax Legal 52

ThomsonReuters

APRIL 20, 2023

As governments around the world require digitalized methods for E-invoicing and real-time monitoring and reporting of business transactions, global multinational corporations (MNCs) need technologies that can help them manage data-intensive processes that demand speed, accuracy, and transparency all at once.

Technology 59

Technology Tax audit Government 59

inDinero Tax Tips

MAY 24, 2023

You need to have a clear picture of what you’re spending on your business, not to mention the IRS requires documentation for all business expenses claimed on tax returns. Beyond that, certain industries, such as healthcare or businesses receiving government funding, also have legal documentation requirements.

Tax 52

Tax income tax tax return Legal 52

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 64

Delaware Wyoming Nevada Oregon 64

Withum

DECEMBER 8, 2022

Together, in 2019 these tax-exempt hospitals accounted for over $110 billion in total community benefits (as defined by the AHA), which represents an increase of $5 billion from the previous year. of hospital expenses in 2019, occurs when the Federal government reimburses hospitals at less than their costs for treating Medicare patients.

Hospitality 73

Hospitality Tax Healthcare Government 73

ThomsonReuters

DECEMBER 31, 0001

In this three-part series, we will explain what e-invoicing/CTC is, how it works, why it is gaining popularity, what technology and compliance challenges e-invoicing presents to corporate tax, finance, and IT teams, and share some best practices for doing business in an e-invoicing/CTC regime.

Technology 52

Technology Government Tax corporation tax 52

Going Concern

APRIL 14, 2023

Staffing Drama Signal Mountain Won’t Pay Accounting Firm For Extra Work On Audit [ Chattanoogan.com ] Clients are the worst The Signal Mountain Town Council has declined to pay an auditing firm extra money it said was due because of inadequate help from city employees in preparing the annual city audit.

Tax 104

Tax auditor audit accounting firms 104

Going Concern

JANUARY 27, 2023

Big 4 EY auditors escape potential Wirecard sanctions after leaving profession [ Financial Times ] Germany’s audit watchdog closed investigations against four current and former EY auditors involved in inspecting collapsed payments firm Wirecard after they handed back their professional licences and left the profession earlier this month.

auditor 109

auditor accounting firms Account accountant 109

Going Concern

APRIL 8, 2024

A Canadian regulator said last year that BF Borgers violated its rules for auditors, while the US’s Public Company Accounting Oversight Board found multiple deficiencies in every audit it reviewed from the firm over the past two annual checks. How did we miss Withum’s 80 percent deficiency rate? Last year, it ranked No.

auditor 57

auditor audit Account accountant 57