ThomsonReuters

DECEMBER 19, 2023

Jump to: What are green taxes? How are environmental taxes calculated? 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?

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ThomsonReuters

JULY 25, 2023

A company’s decision to introduce indirect tax (IDT) automation into its tax processes is often fraught with indecision and uncertainty. 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.

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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. Avalara Avalara helps businesses of all sizes get tax compliance right.

bookkeeping 91

bookkeeping E-commerce Tax Account 91

ThomsonReuters

SEPTEMBER 1, 2022

What is the Superfund Excise Tax? The revised Superfund Excise Tax , part of the Infrastructure and Investment Jobs Act , is a tax on the sale or use of “hazardous chemicals,” as well as the sale or use of certain imported “hazardous substances.” What is the Superfund Excise Tax?

Technology 52

Technology Tax Manufacturing accounting and finance 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? For many of these clients, navigating the tax-related complexities can prove challenging, especially in light of new Form 1042 filing requirements handed down by the IRS.

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ThomsonReuters

APRIL 22, 2021

What is a VEBA, and should we have one for our self-insured health plan? ANSWER: VEBA stands for voluntary employees’ beneficiary association, a special tax-exempt entity recognized under Code § 501(c)(9). Moreover, as a trade-off for tax-exempt status, the Code imposes a 100% excise tax on any VEBA assets reverting to the employer.

Tax 52

Tax Legal Account accountant 52

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is direct tax? Examples of direct tax Understanding tax provision Understanding state apportionment Differences between direct and indirect taxes When a taxpayer must pay taxes directly to the government, meaning the taxes cannot be shifted to other entities or individuals, it is known as direct tax.

Tax 52

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ThomsonReuters

JULY 10, 2023

Jump to: What is use tax? What is nexus? Sales tax vs. use tax Summary Sales tax and use tax are important sources of revenue for the government but properly calculating, collecting, and reporting these taxes can quickly get complicated. What is use tax? How does use tax work?

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ThomsonReuters

SEPTEMBER 9, 2021

The IRS has released two information letters that provide general information about health savings accounts (HSAs) and high-deductible health plans (HDHPs). The letter advises that the account holder should contact the custodian to obtain a corrected Form 5948-SA. 3 (“Discounted Prices Can Be Paid Without Regard to the Deductible”).

Manufacturing 78

Manufacturing Tax Account accountant 78

ThomsonReuters

APRIL 8, 2021

Eligibility for or enrollment in Medicaid or coverage under an Exchange does not disqualify an individual from subsidy eligibility (but the premium tax credit for Exchange coverage will no longer be available). EBIA Comment: As always, we recommend caution before denying COBRA (or the subsidy) based on a determination of gross misconduct.]

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LyfeAccounting

JULY 20, 2021

You see, everyone talks about getting an LLC but not many people talk about what to do after you start an LLC. And this is kind of scary if you don’t know what to do. So in this post, we’re going to tell you what to do after you start an LLC. What to Do After You Start an LLC. We wish it was that easy, right?

income tax 52

income tax payroll tax accounting and finance Tax 52

ThomsonReuters

NOVEMBER 15, 2021

Corporate tax teams responsible for collecting, managing, and paying indirect taxes face numerous challenges in today’s fractious tax landscape. For all too many managers, their days are filled with the stress of keeping pace with various changes in the indirect tax space. Indirect taxes: Much more than just a process.

E-commerce 52

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ThomsonReuters

MARCH 1, 2021

A recent episode of the Thomson Reuters Tax & Tech Talks podcast explores solutions available to help multinational companies that do business in the UK navigate these confusing, evolving, and unfamiliar supply chain challenges. _. Listen to the entire episode. 40 min listen. Post-Brexit Supply Chain Challenges.

Technology 52

Technology Tax New York Government 52

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is direct tax? What is indirect tax? Direct tax and indirect tax. You’ve likely heard these terms but understanding what they are and how they differ is important in helping companies better understand the costs they may face and how much they may owe going forward.

Tax 52

Tax income tax Oregon Ohio 52

ThomsonReuters

JANUARY 9, 2024

Jump to: How are C corporations taxed? When are C corp taxes due? How do C corps file taxes? How can C corporations reduce their taxes? But what does that mean for your taxes? But what does that mean for your taxes? How are C corporations taxed?

corporation tax 52

corporation tax Tax income tax Non-Profits 52

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. Neither decision is simple.

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audit Sales Tax auditor 52

inDinero Accounting

JANUARY 9, 2023

Table of Contents What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? However, a lack of accounting experience and knowledge can be a hindrance, especially for startups which need to be agile and primed for rapid growth. What Makes Accounting Services for Startups Different?

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inDinero Accounting

JANUARY 9, 2023

What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? How to Select the Right Startup Accountant. Getting Started with Startup Accounting. Accountants’ specialized knowledge can support your startup business in many ways. Table of Contents. Holding back your growth.

Account 52

Account accountant accounted accrual accounting 52

ThomsonReuters

FEBRUARY 1, 2024

Jump to: What is a reverse sales tax audit? What information is necessary for a reverse audit? What is a reverse sales tax audit? Correction of taxes overcharged to customers is handled a bit differently. There are many reasons why a company might overpay sales or use taxes without knowing it.

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audit Sales Tax Manufacturing 52

ThomsonReuters

DECEMBER 13, 2021

Indirect tax professionals play a critical role in the success of a business. As the pace of new tax compliance challenges accelerates , tax teams need constant access to accurate data that keeps up with changing sales tax reporting rules and complies with ever-evolving regulations.

Tax 52

Tax Sales Technology South Dakota 52

LyfeAccounting

JULY 12, 2021

It was recently determined that nearly 30% of Americans are self-employed, and 100% of the self-employed hate paying taxes. So our goal for this post is to demystify the 70,000-page tax code for the self-employed into a simple post that will help you understand what self-employment tax is. What are Self-employment Taxes?

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Snyder

JUNE 20, 2022

However, delegating doesn’t mean staying out of the loop completely, especially when it comes to business finances, primarily accounting. Accounting is the language of numbers. What is small business accounting? Basic steps in accounting for small businesses. Open a business bank account. Contents: 1.

accounting basics 52

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ThomsonReuters

DECEMBER 14, 2020

Business Tax Professionals. The tax rules and regulations U.S. We’re left to approach tax-filing season with a great deal of uncertainty,” said Melissa Oaks, a Thomson Reuters tax specialist who presented the webinar. What level of disclosure is needed in those situations?”. Recent Changes.

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