Accounting Insight

MARCH 31, 2023

Higher interest rates, 11% Access to finance, 9% Ability to hire or retain staff, 7% Whilst inflation is set to fall over the course of the year, SME owners may see other costs rise as Corporation Tax increases to 25%. Fifth on the list of concerns was the ability to hire and retain staff (according to 7% of brokers).

accounting and finance 59

accounting and finance corporation tax B2B Finance 59

CTP

MARCH 9, 2022

If tax planning is not possible to complete during compliance work, let’s examine 5 basic ways to minimize tax using the tax calculation. Basics in Tax Reduction. There are hundreds of ways and countless combinations of tax breaks, loopholes and strategies to reduce individual and corporate tax.

tax planning 98

tax planning Tax tax preparation tax return 98

PYMNTS

NOVEMBER 16, 2020

We’ve noted that the stage has been set for M&A to ramp up, due in part to lower corporate taxes, which gives firms higher profits, which in turn gives them more money to both extend loans (building up customer bases) and have money in hand to pursue deals.

Non-Profits 75

Non-Profits accounting and finance corporation tax B2B 75

CTP

MARCH 17, 2025

If the company fails to do so, they can default on their S election, and the IRS can choose to classify and tax the company as another entity type. If the business is then taxed as a C corporation, this means facing the corporate tax rate and even long-term capital gains taxes on distributions taken from the corporation.

Tax 52

Tax Real Estate income tax corporation tax 52

ThomsonReuters

DECEMBER 11, 2023

The purpose of this series is to help readers gain a better understanding of e-invoicing and CTC, and their impact on corporate tax teams. Because of certain provisions of the VAT Directive, EU Member States are in fact not allowed to mandate B2B e-invoicing.

B2C 59

B2C B2B Start-ups Tax 59

PYMNTS

JANUARY 9, 2019

The NFIB’s president, Juanita Duggan, previously described the Index’s highs last summer as “astounding,” with New York Times reports in July pointing to corporate tax cuts and economic growth as key factors behind corporate confidence, despite rising credit card debt, trade disputes, a growing federal deficit, and other factors (..)

Michigan 67

Michigan bookkeeping corporation tax New York 67

PYMNTS

JANUARY 22, 2018

This week’s B2B Data Digest offers a quick skim of the flurry of earnings data coming out of the corporate banking, finance and technology market. But not everyone had a great quarter – and largely, it wasn’t corporate customers driving revenue spikes. “Not only is the U.S.

Non-Profits 46

Non-Profits corporation tax B2B Finance 46

PYMNTS

SEPTEMBER 17, 2018

Its small business mobile app, dubbed My Returns Reminder, provides small businesses with notifications about their HMRC payment deadlines, including corporation tax, confirmation statements and VAT payments. Meanwhile, PwC is working to heighten its presence in the private sector , according to reports.

Technology 53

Technology corporation tax audit Tax 53

PYMNTS

APRIL 16, 2018

Yet corporate customers aren’t driving the success, for the most part. This week’s B2B Data Digest examines the numbers released by the institutions for Q1 2018, highlighting the role corporate and wholesale banking operations did (or did not do) to support an overall impressive quarter. JPMorgan Chase.

income tax 40

income tax corporation tax B2B Tax 40

CTP

MARCH 30, 2023

A DISC does not pay tax on commission income up to $10 million. IF the DISC distributes money to shareholders, then it is subject to corporate tax. However, it if distributes money to a Roth IRA shareholder, the Roth IRA may invest it tax-free as it can with any other funds.

Ohio 98

Ohio income tax Massachusetts Tax 98

PYMNTS

FEBRUARY 20, 2020

We can now offer our clients more of the financial and tax solutions they need, all from a single provider.”. By acquiring Longview, insightsoftware is also moving into the corporate tax market, a high-growth area.

Technology 52

Technology corporation tax Construction Tax 52

PYMNTS

OCTOBER 25, 2019

Pressure on the IRS to boost the efficiency of auditing processes comes amid global efforts to address corporate tax-dodging, with reports earlier this year in Yahoo! Finance predicting more IRS tax reforms ahead.

audit 40

audit corporation tax tax return Tax 40

PYMNTS

JULY 31, 2019

Tax Department General Manager Delina Ibrahimaj expects the plan to be good for the country, with an approximate 15 percent increase in the collection of value-added tax and a more efficient tax collection process. Corporate tax in the country is set at a flat rate of 15 percent.

Tax 46

Tax corporation tax Construction Maine 46

PYMNTS

SEPTEMBER 13, 2017

Last month, Lowe’s introduced new prepaid cards for construction companies to provide their own employees with a B2B corporate spend solution, the result of a collaboration with Fidelity National Information Services.

Construction 51

Construction accounted Account accountant 51

PYMNTS

FEBRUARY 27, 2018

Those professionals largely attributed the trend to tax reform and the Small Business Administration’s decision to lower minimum down payments from 25 percent to 10 percent. With the corporate tax rate dropping to 21 percent and the repatriation of overseas capital, companies will have more capital to allocate to acquisitions.

Sales 43

Sales Tax corporation tax B2B 43

PYMNTS

SEPTEMBER 20, 2017

The tool integrates bookkeeping and management of financial statements, as well as both personal and corporate tax returns, the company added, and acts as a platform to facilitate collaboration between accountants, bookkeepers, business owners and other service providers.

payroll 43

payroll accounted Account accountant 43

PYMNTS

JULY 26, 2018

The White House’s corporate tax cuts, however, are boosting earnings and bumping up ROIs. The NYT said after-tax profits make up 9.6 percent of total domestic output, a figure that is about 50 percent above historical averages.

corporation tax 40

corporation tax New York Manufacturing Finance 40

PYMNTS

AUGUST 17, 2018

Last month, the company enhanced its offering for larger enterprises when SAP announced an integration with Thomson Reuters, to link corporate treasurers to data on the cost and FX rate of a cross-border transaction as part of the SAP Market Rates Management tool.

accounted 40

accounted Account accountant Expense Management 40

PYMNTS

JULY 26, 2018

Finally, Sovos is augmenting its corporate tax compliance software offering with Tipalti’s tools. Tipalti’s early payment discount capture functionality launched last year , a solution the firm said led to a 15 percent adoption rate increase for the company.

Technology 40

Technology AP Automation NetSuite Accounts Payable Automation 40

PYMNTS

NOVEMBER 6, 2017

“We believe that tax reform should provide substantial relief to all small businesses, so they can reinvest their money, grow and create jobs.”.

tax planning 40

tax planning Tax Florida corporation tax 40

PYMNTS

FEBRUARY 4, 2019

PwC also has another mobile app, My Returns Reminder, which sends notifications to SMBs about their HMRC payment deadlines, including corporation tax, confirmation statements and VAT payments. In September, it teamed up with Scotland-based Bemo to launch a mobile app for small businesses (SMBs).

corporation tax 40

corporation tax Gaming audit Technology 40

PYMNTS

JULY 26, 2018

With the corporate tax rate dropping to 21 percent and the repatriation of overseas capital, companies will have more capital to allocate to acquisitions. “Small business owners seeking to sell their business in 2018 have cause to be bullish,” said Warren Burkholder, CBI, president of advisory group NEVRG, at the time.

accounted 40

accounted Account accountant Tax 40

PYMNTS

JULY 21, 2017

According to Morgan Stanley CEO James Gorman, lower corporate taxes and more streamlined bank regulation could “allow U.S. Bancorp and Morgan Stanley have echoed similar sentiments, stating government regulations will be key for further growth. banks to be greater engines of economic growth.”

Washington 40

Washington Healthcare corporation tax Construction 40

PYMNTS

FEBRUARY 14, 2019

“Although the government is also pledging more corporate tax cuts, their scale is unlikely to be enough to offset growing investor concerns about the credit risks surrounding corporate bonds,” FT said at the time.

Real Estate 49

Real Estate corporation tax Government Tax 49

PYMNTS

MAY 3, 2018

According to AFP president and CEO Jim Kaitz, these statistics suggest that corporates continue to hold onto “cautious optimism” and, despite stronger cash positions, are not yet ready to deploy that money.

Tax 40

Tax corporation tax Finance Washington 40

CTP

JUNE 10, 2022

Even if you have never assisted a client with the sale of a business, as a tax planner you have the potential to provide tremendous value in the planning process. Many business owners may also be navigating a sale for the first time and likely have little insight into the tax implications and how to set themselves up for savings.

Sales 93

Sales Tax income tax tax return 93

PYMNTS

JUNE 27, 2018

A new tax introduced as part of broader reform in the U.S. is frustrating multinational corporations, according to Tuesday (June 26) reports in The Wall Street Journal. The BEAT Tax, short for the Base Erosion and Anti-Abuse Tax, is designed to prevent businesses from moving their U.S. profits to other countries.

Tax 46

Tax Government Finance corporation tax 46

CTP

OCTOBER 31, 2022

The unfortunate news you will have to break to them is that the tax consequences can significantly reduce their proceeds—which is why they will need a tax strategy in place before moving forward with a sale. One tactic to consider when advising on a business sale is applying the concept of personal goodwill.

Tax 52

Tax Non-Profits Massachusetts Sales 52

PYMNTS

MAY 31, 2018

But with the reduction in corporate tax from 35 percent to 21 percent, it was expected that companies would dramatically increase their spending. The news comes as core capital goods shipments increased from last February to at least last November, partly due to an expectation of corporate tax cuts.

Tax 40

Tax corporation tax Pennsylvania Manufacturing 40

ThomsonReuters

FEBRUARY 23, 2025

This blog post examines the IDC MarketScape: European Compliant e-Invoicing 2024 Vendor Assessment , distilling key insights and practical takeaways specifically for corporate tax professionals. Italy leads the way in Europe, having already implemented mandatory B2B e-invoicing.

Tax 52

Tax Technology accounting and finance B2B 52

PYMNTS

DECEMBER 14, 2020

Today in B2B payments, Tradeteq strikes a deal with Microsoft for trade financing, while CEOs lend their advice to President-elect Joe Biden. Plus, Paymerang introduces an invoicing feature, Finexio broadens availability of its B2B Payments-as-a-Service solution, and B2BE and OnPay team up to automate procurement payments.

B2B 70

B2B AP Automation accounting and finance accounts payable 70

ThomsonReuters

APRIL 22, 2025

Most regulations focus on business-to-business (B2B) transactions, with some extending to business-to-consumer (B2C). However, not all countries have government-linked tax portals. Malaysia and Taiwan have had e-invoicing regulations for a while, and China has expanded its pilot program to all taxpayers.

Tax 59

Tax Maine audit B2C 59

PYMNTS

NOVEMBER 3, 2017

The GOP released its tax plan Thursday (Nov. 2), offering a glimpse into its Tax Cuts and Jobs Act that includes plans for corporate taxes. According to reports in The New York Times , Republican tax reform efforts would impose a minimum global tax of 10 percent for American multinational corporations.

corporation tax 40

corporation tax Tax tax planning Florida 40

PYMNTS

JULY 2, 2018

and abroad – aren’t the only source of information for this week’s B2B Data Digest. Some analysts, however, say that corporate tax cuts should have bolstered corporate investment more, while Labor Department data shows that tax reform has not made an impact on wage growth.

Minnesota 40

Minnesota Washington Tax corporation tax 40

PYMNTS

DECEMBER 27, 2016

Analysts say small business owners are confident in a unified Republican government, as well as plans to cut corporate taxes. The National Federation of Independent Businesses reported a reading of -6 for SMEs that expect business conditions to improve — a figure that spiked to +38 following the election.

accounts payable 43

accounts payable accounting and finance corporation tax Expense Management 43

PYMNTS

JULY 17, 2018

Its Corporate Cash Indicators report found businesses say global trade disputes are among the largest factors preventing them from boosting investments, with corporates revealing a quarter-over-quarter and year-over-year increase in cash holdings.

Tax 40

Tax corporation tax Sales Finance 40