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What is tax advisory?

ThomsonReuters

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. That’s why many accountants are embracing the profitable shift to tax advisory services. That’s why many accountants are embracing the profitable shift to tax advisory services.

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Green tax and ESG tax credits: What accountants need to know?

ThomsonReuters

That’s why it’s important to understand the complexities of these initiatives and how making eco-friendly choices can maximize tax savings. Similarly, excise taxes are taxes imposed on certain goods, services, and activities from importers, manufacturers, retailers, and consumers, and vary depending on the specific tax.

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What are the tax obligations for charities and nonprofits?

ThomsonReuters

Let’s take a look at the critical aspects of tax obligations for charities and nonprofits by shedding light on the key forms and regulations that guide their tax-exempt status and take stock of their financial operations. Jump to: Do charities get tax exemptions? What to know about Section 501 What is Form 990? What is Form 990?

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How to streamline accounting processes—a step-by-step guide

ThomsonReuters

While there are many options out there to help you connect the dots and streamline your accounting processes, let’s take a step-by-step look at where to start and how to maximize your firm’s potential with technology. . Assess your current processes and tech stack. Here’s how to start: Document your processes. Identify issues.

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Navigate tax season with these resources for accountants

ThomsonReuters

Tax and Accounting professionals, listen up! This one-stop-shop can help make life easier by providing comprehensive resources so you can stay ahead of the game in today’s ever-changing world of tax and accounting. Breeze through tax season easily with our comprehensive year-end tax season toolkit. What’s new? What’s new? •

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How to Prepare the T2125 if you are a Small or Self Employed Business Owner

Ronika Khanna CPA,CA

The revenues and expenses are reported on a business declaration form , which forms part of the regular personal tax return or T1 (TP1 in Quebec) and is referred to as the T2125 - Statement of Business and Professional Activities. While being self employed comes with numerous benefits, there are also many challenges.

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How to Start a Business on Etsy || 20 Tips to Sell on Etsy Successfully

Snyder

Read our comprehensive list of steps on how to set up an Etsy business, , find out some useful tips and implement them in your own selling business on Etsy. If you’re new to Etsy and want to make sure you’re doing everything right, it’s essential to have a guide on how to set up an Etsy account. Shop preferences.