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Understanding depreciation and its impact on corporate tax

ThomsonReuters

Jump to: How does depreciation affect corporation taxes? Accelerated depreciation for corporations How does depreciation work in an S corporation? What is the depreciation guidance for corporate alternative minimum tax? In short, depreciation can result in a reduction in corporate taxes.

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4 Accounting Transactions that Use Journal Entries and How to Enter them in QBO

Ronika Khanna CPA,CA

Note that if the net shareholder loan is a receivable to the corporation and you have set it up as a liability account, there will be negative liability. This would then be included in your receivables on the financial statements. Shareholder loan accounts only apply to corporations.

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Finding Your Financial Compass: Why Small Businesses in Los Angeles Thrive with Specialized Tax and Accounting Support

MyIRSRelief

By providing a combination of tax planning, bookkeeping, and financial guidance, they empower small businesses to thrive, focusing their energy on what they do best – innovation, growth, and serving their customers. Get business tax & bookkeeping help by contacting us today!

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How Much Is a Tax Consultant?

xendoo

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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The Best Small Business Bookkeeping Solutions

xendoo

Online bookkeeping services provide a simple, elegant solution that can save you time, money, and the headaches you get from trying to juggle the needs of your small business! . Financial statements . Corporate tax preparation . Small business owners can take advantage of “catch-up” services.

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Navigate tax season with these resources for accountants

ThomsonReuters

Congress passed the Inflation Reduction Act of 2022 which extends, through 2024, the credit for electricity produced from certain renewable resources; the energy credit; and other energy-related credits (with various extension dates) The Act also introduces two new corporate taxes and various new clean energy-related tax credits.

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What is transfer pricing? Documentation requirements by country

ThomsonReuters

In fact, a global effort is underway to tighten the restrictions and increase the documentation requirements for this practice, adding a significant amount of work and responsibility to the task of the corporate tax professional. What is transfer pricing?

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