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Exploring key 2024 tax bill proposals

ThomsonReuters

As we step into a new year, the taxation realm is abuzz with discussions surrounding the Tax Relief for American Families and Workers Act of 2024. However, amidst this spotlight, there are other tax proposals quietly gaining momentum. The penalty increases as the pay ratio widens. What does this mean for my firm?

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Budgeting for 2024 for Your Tech Company

Shay CPA

Building your 2024 budget should be a lot easier than, say, budgeting for your company before it ever existed. But that doesn’t mean you should get lax or simply let your 2023 budget and projections roll over into 2024. Plus, some of the money you spend on research can likely help you slash your tax bill.

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Who pays VAT – Buyer or Seller?

Accounting Insight

Despite how common VAT is, the tax is difficult at the best of times to understand. Knowing who pays VAT – the buyer or the seller – is straightforward, though, if you take the time to learn about the tax or have help. With this specific blog, we explain who collects VAT and what governments expect of businesses. What’s GST?

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Challenging sales tax audits: How to contest and defend your position

ThomsonReuters

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. Contesting the audit means going through a complex decision tree, the steps of which are detailed below.

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