Accounting Today

JANUARY 11, 2024

The official start date of tax season for individual taxpayers will be on Jan. 29, but the Internal Revenue Service plans to accept business tax returns as soon as Jan.

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Withum

APRIL 14, 2025

Corporate Tax Rates: May benefit from lower corporate tax rates than individual rates. Cons Double Taxation: C Corporations pay corporate income tax, and shareholders are taxed on dividends. Unlimited Ownership: There are no restrictions on the number or type of shareholders.

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xendoo

JANUARY 12, 2022

You’ll thank yourself for filing business taxes according to the prescribed deadlines. Not only will this save you from sweating over a shoebox full of receipts, but making on-time tax payments will save you from any late fees or interest payments. What Is the Business Tax Filing Deadline for 2022?

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RogerRossmeisl

AUGUST 3, 2021

It’s available to owners of sole proprietorships, single member limited liability companies (LLCs), partnerships and S corporations. The deduction is intended to reduce the tax rate on QBI to a rate that’s closer to the corporate tax rate. It may also be claimed by trusts and estates. It’s taken “below the line.”

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RogerRossmeisl

JANUARY 1, 2023

The QBI deduction is: Available to owners of sole proprietorships, single member limited liability companies (LLCs), partnerships, and S corporations, as well as trusts and estates. Intended to reduce the tax rate on QBI to a rate that’s closer to the corporate tax rate. Taken “below the line.”

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RogerRossmeisl

DECEMBER 10, 2022

A properly structured corporation can protect you from the debts of the business yet enable you to control both day-to-day operations and corporate acts such as redemptions, acquisitions and even liquidations. In addition, the corporate tax rate is currently 21%, which is lower than the highest noncorporate tax rate.

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CPA Practice

AUGUST 23, 2023

Wilde’s study, “Who really matters in corporate tax?” Male partners also tended to be associated with a higher likelihood of an IRS audit. Such characteristics as age, marital status, job title, or whether the partner was also a lawyer had little to no impact.

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Accounting Today

APRIL 15, 2024

The International Ethics Standards Board for Accountants has unveiled a set of ethical standards for business tax planning in response to complaints over tax avoidance by multinational companies.

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Menzies

OCTOBER 30, 2024

Tax reliefs for the UK’s world-leading creative industries, which will provide £15 billion of support over the next 5 years. Some of this increase will be mitigated by a reduction in corporation tax which will reduce the impact on profitable businesses by up to 25% of the increase.

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ThomsonReuters

JANUARY 6, 2025

We will dive into the key benefits of embedded tax solutions and offer insights for corporate tax professionals looking to use comprehensive tools to achieve exceptional compliance and operational excellence. Highlights: Tax management in large organizations is complex and needs precision.

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Ronika Khanna CPA,CA

APRIL 26, 2024

Business tax instalment payments (including GST-QST instalments ) This means that instead of entering the data on the forms that are available via my business account at CRA and RQ and then going to your bank to make payment, either online or via mail, it can all be done at one time through one form that serves as both tax filing and payment.

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Accounting Today

OCTOBER 20, 2023

The Internal Revenue Service is making improvements to its online tax professional accounts and hiring more accountants as it ramps up enforcement.

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SkagitCountyTaxServices

AUGUST 26, 2021

One thing you can expect from me come rain or shine is to keep you in the loop on changes to all things tax-related. There are some important changes to small business tax deductions rolling out, and not all deductions apply to all Skagit County businesses. This week is no exception. ” – John W.

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PYMNTS

FEBRUARY 26, 2019

to allow businesses to pay their corporate taxes in bitcoin. In an interview with CNBC at the time, Ohio’s then-State Treasurer Josh Mandel said the initiative would increase “options and ease” for businesses, and support the local tech startup community.

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ThomsonReuters

NOVEMBER 2, 2021

As a corporate tax professional, you know the complexities of complying with business taxation requirements. Your company may have to file corporate tax returns in multiple states and local jurisdictions, as well as with federal — and perhaps international — tax authorities. is a C corporation.

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RogerRossmeisl

DECEMBER 9, 2020

The QBI deduction: Is available to owners of sole proprietorships, single member limited liability companies (LLCs), partnerships, and S corporations, as well as trusts and estates. Is intended to reduce the tax rate on QBI to a rate that’s closer to the corporate tax rate. Is taken “below the line.”

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Ronika Khanna CPA,CA

JUNE 7, 2024

Does your small business qualify for the quick method of reporting GST-HST & QST ? FAQ on GST/HST Income/Corporate Tax Obligations Incorporated Businesses All incorporated businesses are required to file Corporate Tax Returns also referred to as the T2 *and CO-17 in Quebec).

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Withum

AUGUST 25, 2022

Penalties under §§6038, 6038A, 6038C, 6039F, and 6677 for tax forms in series 5471 and 5472 (both of which relate to foreign corporations) and 3520 (foreign trusts and gifts). Penalties under §6698(a)(1) & (2) for form 1065 (partnership tax returns). Penalties under §6699(a)(1) for form 1120-S (S corporation tax returns).

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ThomsonReuters

NOVEMBER 4, 2024

← Blog home As corporate tax departments embrace digital transformation, utilizing a tax engine to automate and simplify tax calculations and reporting is becoming a core part of their strategy. Addressing these issues from the start of your tax engine integration project is crucial for success.

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CPA Practice

OCTOBER 18, 2023

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.

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CPA Practice

NOVEMBER 19, 2024

The Main Street Alliance and Small Business Majority have launched the Small Business Tax Fairness Coalition (SBTF), a national initiative to advocate for a U.S. tax code that prioritizes the needs of America’s entrepreneurs. According to recent data, only 5% of all small businesses are organized as C-corporations.

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Withum

OCTOBER 3, 2024

2023 Federal Form 1120 (C Corporations) April 15, 2023 October 15, 2024 May 1, 2025 2023 C Corporation Tax Payments April 15, 2023 June 15, 2023 September 15, 2023 December 15, 2023 N/A The IRS noted payments related to 2023 returns are not eligible for the extra time because they were due last spring before the hurricane occurred.

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Withum

JUNE 12, 2024

In one example provided, a simple S corporation manufacturing entity’s taxable income doubles due to both the decrease in bonus depreciation and the more restrictive interest expense limitation. And What About the C Corporation Tax Rate? Under the Tax Cuts and Jobs Act, the C corporate tax rate of 21% was made permanent.

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ThomsonReuters

MARCH 1, 2024

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? You may wonder how the S corporation taxation generally works. And are you taking full advantage of all the business exemptions and credits available in your industry? How are S corporations taxed?

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Accounting Today

AUGUST 26, 2024

The Internal Revenue Service continues to expand the things business taxpayers can do with BTA.

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xendoo

JANUARY 16, 2023

From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate. A professional tax advisor or CPA can accurately file your business taxes on time.

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Withum

JANUARY 13, 2022

From the Paycheck Protection Program (PPP) to the Employee Retention Credit (ERC), small businesses were infused with billions of dollars in government assistance to keep the economy running and businesses afloat. Now that these programs are expiring it is time to report all these funds on taxpayer’s 2021 business tax returns.

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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? How are C corporations taxed? The post How are C corporations taxed?

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inDinero Tax Tips

MARCH 3, 2021

By outsourcing your business’s accounting and taxes with inDinero , you’re covered on both fronts. We’ll provide the information you need to create the appropriate 2021 business tax calendar to keep up with your tax filing responsibilities and avoid late penalties. Are you still working on your 2019 business taxes?

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Ronika Khanna CPA,CA

APRIL 25, 2025

Check out my book FastStart Your Corporation: The Essential Guide to Starting Your Canadian Corporation Clear, expert guidance Practical advice Built for Canadian business owners Feel confident that you are doing it right from the start. The federal rate, for businesses claiming the small business deduction, is 9% in 2024.

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Ronika Khanna CPA,CA

DECEMBER 2, 2022

Webforms can also be accessed by going to your CRA business account how to complete the T5 Dividend Declaration Note: The example and calculator below assumes that you are paying income taxes at the small business tax rate i.e. your net profits for tax purposes are less than $500,000.

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LyfeAccounting

NOVEMBER 4, 2020

Corporations. S Corporations. Sole proprietorship small business tax filings are actually the same as single-member LLCs. For tax purposes, there isn’t a difference between the two and they require the same tax forms filed and taxes paid. Form Schedule C is not actually a separate business tax return.

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CPA Practice

SEPTEMBER 8, 2023

Conversely, S corporation items of gain or loss are passed through to shareholders and taxed once on their individual returns. Prior to the Tax Cuts and Jobs Act (TCJA), corporate tax rates reached as high as 35% under a graduated tax rate structure. There are other factors to take into account.

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xendoo

FEBRUARY 15, 2022

Navigation business tax requirements and preparation. Looking for available deductions to lower your tax burden. Helping to manage capital gains taxes. Sorting through tax advantages of life events. A tax consultant may work with individuals, businesses, or both. Helping to Mitigate Business Taxes.

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Going Concern

NOVEMBER 24, 2022

Responsibilities: You will be deeply involved with preparing tax planning & tax consulting services. Reviewing and preparing individual, partnership, trust, and corporate tax returns. Researching tax issues for small to medium-sized businesses and wealthy individuals.

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Cherry Bekaert

MAY 3, 2024

blocker corporations for U.S. individual taxpayers and partnerships began following the Tax Cuts and Jobs Act of 2017, when the corporate income tax rate was reduced from 35% to 21%. This made the corporate tax rate significantly less than the maximum individual tax rate of 37%. tax return.

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Ronika Khanna CPA,CA

MAY 5, 2024

The video below takes you through the process of how to enter shareholder loans for specific situations How to record corporate tax expense, payments and interest/penalties: If your business is profitable, you usually have to pay corporate taxes at the end of the year.

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