ThomsonReuters

DECEMBER 19, 2023

What renewable energy tax incentives does the IRS offer for individuals vs. businesses? For accountants, understanding renewable energy tax credits and how they relate to individuals and businesses is essential in helping clients maximize their tax benefits. Jump to: How do renewable energy tax credits work?

Tax 110

Tax accounting and finance Manufacturing income tax 110

ThomsonReuters

APRIL 10, 2023

As more and more companies commit to embedding environmental, social, and governance (ESG) activities into their business practices , a related push for corporate political responsibility (CPR) is also taking shape. What is corporate political responsibility?

accounting firms 59

accounting firms Account accountant accounted 59

ThomsonReuters

JULY 6, 2023

If you are an accounting professional who has been contemplating a change in career path, you’re not alone. Accountants have the knowledge and experience necessary to work as trusted advisors to the public or within a company, so your certification qualifies you for a variety of career paths. Why are so many accountants quitting?

Account 98

Account accountant accounted accounting and finance 98

ThomsonReuters

JULY 25, 2023

Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be. And even if the project gets approved, cross-departmental discussions and support – from accounts payable, procurement, finance, IT, etc. –

Technology 93

Technology Tax audit Sales 93

ThomsonReuters

FEBRUARY 16, 2024

Here are some of the biggest challenges and opportunities facing corporate tax teams today—and how technology can provide a boost while also relieving the mounting pressure. Keeping regulators at bay Tax authorities worldwide continue to pass legislation requiring greater disclosure from corporations.

corporation tax 96

corporation tax Technology Tax accounting and finance 96

ThomsonReuters

DECEMBER 1, 2023

Jump to: What is Form 4562? What is listed property for depreciation? What does a depreciation schedule look like? What is Form 4562? Form 4562 instructions Is Form 4562 required every year? Section 179 and expensing property Running a company is expensive. Let’s take a closer look at the form and its uses.

tax return 97

tax return Tax Transportation Non-Profits 97

ThomsonReuters

NOVEMBER 29, 2023

Technology and automation can absolutely help increase efficiency in corporate tax departments, especially when it comes to mitigating tax risk and liability and guarding reputational risk. Most tax professionals know that dealing with forces beyond their control—and the costly disruptions they cause—is a way of life.

audit 98

audit Technology Tax corporation tax 98

ThomsonReuters

JUNE 16, 2023

When one thinks of accounting fraud, it is likely that these are some of the cases that come to mind. However, most cases of accounting fraud will not make news headlines and can happen in companies of all sizes and industries. How widespread is corporate fraud? Do you know how to spot it?

Account 93

Account accountant accounted financial statements 93

DuctTapeMarketing

JULY 14, 2018

Cloud-based accounting software can provide a whole suite of tools to help business owners get ahead. Handle payments and manage accounts payable. Setting up your chart of accounts to be tax-ready from the start will help you with tax saving opportunities and help you prepare for your tax liabilities, with no surprises.

bookkeeping 238

bookkeeping accounting and finance accounting software bookkeeping services 238

CPA Practice

MAY 10, 2023

Under the new state law, the business subject to the corporation business tax will be allowed to deduct from income all ordinary expenses associated with managing a licensed cannabis business, including the opportunity to qualify for research and development deductions. By Jelani Gibson, nj.com – (via TNS).

New Jersey 135

New Jersey Tax income tax Legal 135

ThomsonReuters

JULY 6, 2023

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.

Tax 98

Tax tax return income tax audit 98

CPA Practice

DECEMBER 3, 2023

What is our unique value proposition? What is our unique value proposition? Identifying what sets the firm apart from competitors is crucial. This could be a specialization in a certain area of accounting, exceptional customer service, innovative technology usage, etc. What brand personality do we want to project?

accounting firms 125

accounting firms Account accountant accounted 125

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

ThomsonReuters

MARCH 5, 2024

Jump to: What is Form 1042 and who must file? What information is needed to file Form 1042? What are the new changes to 1042 filing requirements? Therefore, it is important to have a clearer understanding of Form 1042 and what is required. What is Form 1042 and who must file? When is Form 1042 due?

Account 52

Account accountant accounted Tax 52

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is direct tax? What is direct tax? What does this mean? The more common types of direct tax are: Individual income tax Corporate income tax Capital gains tax Estate tax Property tax Payroll tax Individual income tax One type of direct tax is individual income tax, which is also known as personal income tax.

Tax 52

Tax income tax payroll tax payroll 52

ThomsonReuters

SEPTEMBER 8, 2023

Jump to: What are the main types of business ownership? What is a C corporation? What is an S corporation? What is an LLC? Many entrepreneurs wonder what types of business ownerships are possible and how to determine which one is right for their business. Which is better: a C corp, S corp, or LLC?

income tax 75

income tax Tax Legal tax return 75

ThomsonReuters

JULY 6, 2023

However, corporate tax teams find it difficult to automate this process. What are APIs and how do they work? What are the benefits of tax provision software? Tax teams prepare tax provisions by gathering data, performing calculations, and entering the results into forms.

Tax 92

Tax general ledger corporation tax audit 92

CPA Practice

DECEMBER 19, 2023

Accounting and finance professionals are always on the lookout for tools that can help them become more efficient, productive and accurate in their work. Of course, to stay in demand, finance and accounting pros will need to ensure that they maintain relevant skills, especially when it comes to working with generative AI.

accounting and finance 121

accounting and finance Finance Account accountant 121

ThomsonReuters

JUNE 28, 2023

Let’s take a look at some best practices accounting firms can use to help clients overcome the challenges of ESG data collection and management. What are the challenges of ESG data collection? What are the best practices for ESG data management? However, ESG data can be a challenge to collect, manage, and report on.

Tax 98

Tax auditor audit Technology 98

ThomsonReuters

OCTOBER 4, 2023

Jump to: How many accounting firms use AI? How do smaller accounting firms use AI? In today’s fast-paced business world, ignoring technology is not an option, and the field of accounting is no exception. How many accounting firms use AI? How do the Big 4 use artificial intelligence? For now, not many.

accounting firms 111

accounting firms Account accountant accounted 111

ThomsonReuters

DECEMBER 19, 2023

Jump to: What are green taxes? Current ESG tax credits and initiatives What are the benefits of an ESG tax strategy? Accountants play a critical role in helping their clients navigate ESG tax credits and green taxes. What are green taxes? How are environmental taxes calculated?

Tax 52

Tax Account accountant accounted 52

Xero

AUGUST 7, 2023

Xerocon Sydney is just weeks away on 23 and 24 August, and the ICC exhibitor floor will be full to the brim with some of the best and most loved apps, tools and services for accountants, bookkeepers and small businesses. This year, you can expect to see 80+ exhibitors at the event, including more than 70 leading Xero App Store app partners.

bookkeeping 91

bookkeeping E-commerce Tax Account 91

Xero

AUGUST 25, 2022

It’s so important that we connect with our communities to understand why they choose Xero, what is working well, and where we can improve. Read more about these announcements in Anna’s blog post. I had the pleasure of interviewing Rashida on my podcast, What Led You Here last year, so it was great to connect with her again. .

bookkeeping 70

bookkeeping Entertainment Maine Sales 70

Ronika Khanna CPA,CA

JUNE 30, 2023

As an accountant and small business financial consultant, one of the most common areas of confusion and questions by small business corporation owners revolves around how to pay themselves and if one way is preferable to another. What are the reporting requirements for salary? What are the reporting requirements for salary?

tax return 52

tax return Non-Profits income tax Tax 52

ThomsonReuters

FEBRUARY 20, 2024

Jump to: What are general anti-avoidance rules (GAAR)? What is the general anti-abuse rule? To help today’s corporate tax professionals better understand some of the methods implemented to thwart abusive tax planning, this article will take a closer look at GAAR and how to keep up with tax avoidance regulation. Does the U.S.

income tax 52

income tax corporation tax Tax tax planning 52

ThomsonReuters

JANUARY 24, 2023

stated that more than 90 percent of S&P 500 companies now publish ESG reports in some form, as do approximately 70 percent of Russell 1000 companies. While ESG reporting can help strengthen trust with stakeholders and the reputation of corporations , this can only be done when the ESG information is of high quality and reliable.

audit 59

audit auditor Tax accounting firms 59

Shay CPA

FEBRUARY 14, 2024

Or you might be feeling stressed because you don’t know what to expect. As of the publication of this blog post changes to the rules of Section 174 are being considered in Congress with initial legislation passing in the House of Representatives. Dial in Your Accounting System You don’t need to sink a ton of hours into your accounting.

Technology 52

Technology Tax CPA accounting principles 52

ThomsonReuters

AUGUST 2, 2023

aims to end the ‘race to the bottom’ on tax rates by ensuring that multinational enterprises (MNEs) pay a minimum effective corporate tax rate of 15%. What are the OECD’s Pillar 2 Global Minimum Tax rules? What are the business implications of the OECD’s Pillar 2 GMT rules? Following is an overview of the Pillar 2.0 Pillar 2.0

corporation tax 98

corporation tax Tax financial statements Government 98

ThomsonReuters

DECEMBER 29, 2022

Companies are facing an ever-increasing burden of corporate tax compliance and the pace of complexities shows no sign of slowing. Helping companies ensure compliance by outsourcing for business processes represents a growth opportunity for today’s tax and accounting firms. . “ percent from 2022 to 2030.

corporation tax 59

corporation tax Tax income tax tax return 59

ThomsonReuters

DECEMBER 20, 2020

What is the difference between sales tax and value-added tax (VAT)? Sales tax and VAT are a common cause of confusion within the corporate tax community. What triggers the tax administration requirement? VAT overview. Sales tax is collected by the retailer when the final sale in the supply chain is reached. legal services).

Sales 119

Sales South Dakota Tax corporation tax 119

ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Recording expenses and preparing financial reports.

Account 59

Account accountant accounted tax preparation 59

CPA Practice

OCTOBER 4, 2023

Given recent economic fluctuations, it’s understandable that many SMBs are looking for simple, efficient ways to better understand what is happening with their expenses. Accordingly, spend & expense management is an area with significant growth potential for accounting firms — particularly those looking to jumpstart their CAS practice.

Spend Management 59

Spend Management Expense Management Account accountant 59

Xero

JUNE 6, 2022

As many of us continue to respond to the impacts of climate change, it’s important to consider how the small business landscape will change, not just for our small business customers but our accounting and bookkeeping partners too. What’s driving this? What are the opportunities? In many instances it is their advisor.

bookkeeping 94

bookkeeping Account accountant accounted 94

Withum

APRIL 19, 2022

If you’re also wondering, “What are the Power Platform fundamentals and what I can I do with the Power Platform at my organization?” this blog is for you. this blog is for you. First, some basics – what is Power Platform? Power Platform Licensing. ” Read More. ” Read More. Pilot, iterate and innovate.

Technology 105

Technology Expense Reimbursements Start-ups accounting and finance 105

Ryan Lazanis

SEPTEMBER 19, 2023

In this post, we’ll discuss key considerations for effective accounting website design and showcase a variety of inspiring examples that can guide your own creative approach. Remember, clients always look for what’s in it for them. Let’s go! If you just talk about yourself, your values, etc.,

Account 98

Account accountant accounted bookkeeping 98

ThomsonReuters

MAY 5, 2022

Each year, tax time is an opportunity to expand your accounting firm’s client base. Leading up to tax time, there are potential clients ranging from individuals to major corporations who may be on the hunt for a new tax preparer. What’s important to keep in mind, however, is attracting and maintaining the right clients.

accounting firms 96

accounting firms Tax Real Estate Account 96

Cheap Accounting

AUGUST 31, 2023

Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. Keep receipts and invoices then record the amounts spent in the accounts. Directors have legal obligations bestowed on them when they are appointed including keeping accounting records and filing accounts.

Start-ups 75

Start-ups Account accountant accounted 75