ThomsonReuters

MARCH 1, 2024

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? How a corporate tax software can help filing S corporation taxes Setting up your business as an S corporation (S corp) provides several tax advantages that are not available to owners of C corporations (C corp) or Limited Liability Companies (LLCs).

corporation tax 52

corporation tax Tax tax return income tax 52

Xero

JULY 28, 2022

Preparing the UK for ‘Making Tax Digital’ in 2024. The UK Government’s Making Tax Digital (MTD) for ITSA will impact up to 4.2 million UK small businesses so we’re working closely with our partners to ensure everyone is prepared ahead of 2024. New ways to support businesses selling online.

bookkeeping 104

bookkeeping Construction accounting firms Start-ups 104

Nancy McClelland, LLC

DECEMBER 26, 2023

WHAT’S NEW (or isn’t) FOR 2023: – Beginning in 2022, the 1099-NEC was made so that it’s no longer year-specific; there are no changes to the form for 2023. So, keep in mind that a company can be an LLC but be taxed as a corporation. There’s also an exception to the incorporation rule for attorneys and law firms.

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52

Nancy McClelland, LLC

DECEMBER 26, 2023

WHAT’S NEW (or isn’t) FOR 2023: – Beginning in 2022, the 1099-NEC was made so that it’s no longer year-specific; there are no changes to the form for 2023. So, keep in mind that a company can be an LLC but be taxed as a corporation. There’s also an exception to the incorporation rule for attorneys and law firms.

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52

Cheap Accounting

AUGUST 31, 2023

Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. What taxes will I pay? Tax is paid on profits (income less allowable costs) from your business. Income tax is explained at [link]. It can all seem daunting and overwhelming at first.

Start-ups 75

Start-ups Account accountant accounted 75

ThomsonReuters

OCTOBER 12, 2023

Jump to: What is foreign income? What is FEIE? How to report foreign income What is Form 1099-DIV? Tax implications for owning property abroad What is FATCA? Helping clients with foreign income tax forms For U.S. tax benefit, specifically applies to this category.

Tax 40

Tax tax return income tax Real Estate 40

ThomsonReuters

OCTOBER 5, 2023

Jump to: What is amortization in accounting? What are the different amortization methods? What is amortization in accounting? What are intangible assets? What is an amortization schedule? Understanding these differences is critical when serving business clients.

Account 52

Account accountant accounted Expense Amortization 52

ThomsonReuters

OCTOBER 19, 2023

However, the effective date of the Corporate Transparency Act is fast approaching on January 1, 2024, and people are starting to panic. Companies are looking for more information on the Corporate Transparency Act, how it affects their operations, and what the details of the reporting requirements are.

Non-Profits 111

Non-Profits Tax accounting firms Account 111

ThomsonReuters

MARCH 19, 2024

What if a sales tax audit needs to be appealed? What happens after the audit, win or lose Sales tax audits may be an unfortunate fact of corporate life, but not all audits are the same. There are generally two issues that drive a sales tax audit assessment , ” Bobby says.

audit 52

audit Sales Tax auditor 52