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?

business tax 98

business tax Tax tax return tax preparation 98

Cherry Bekaert

MAY 3, 2024

Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities. With proper tax planning a company is able to reduce its worldwide effective tax rate as it expands overseas. What Is Global Tax Minimization? international tax rules.

Tax 96

Tax income tax Non-Profits corporation tax 96

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.

tax return 59

tax return corporation tax income tax Tax 59

ThomsonReuters

FEBRUARY 9, 2024

As we step into a new year, the taxation realm is abuzz with discussions surrounding the Tax Relief for American Families and Workers Act of 2024. However, amidst this spotlight, there are other tax proposals quietly gaining momentum. Firms must prepare for potential shifts in tax liabilities and advise clients accordingly.

Tax 110

Tax tax return Technology income tax 110

Ronika Khanna CPA,CA

MAY 5, 2024

Although a good bookkeeper can be invaluable, It has become fairly easy for business owners and their support staff to take on the responsibility of entering day to day transactions while they employ accountants for the more complex aspects of their accounting and tax.

income tax 98

income tax Account accountant accounted 98

inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware has a long history of being a preferred state for business incorporation.

Delaware 52

Delaware Nevada Tax Sales 52

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. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable.

Tax 98

Tax tax return income tax audit 98

Withum

JANUARY 5, 2024

The NYC Biotechnology Tax Credit offers a valuable financial incentive to investors and owners of qualified biotechnology companies. This credit can offset various taxes including business corporation tax, general corporation tax, and unincorporated business tax.

Tax 59

Tax corporation tax New York CPA 59

xendoo

FEBRUARY 15, 2022

If you own a business or earn a significant income, you may be wondering how to manage your tax situation and how much a tax consultant costs. There is a lot to consider when weighing the costs and benefits of hiring a tax consultant. A tax consultant can help with any of these issues. Read on to find out.

tax consultant 103

tax consultant Tax tax return business tax 103

Ronika Khanna CPA,CA

FEBRUARY 23, 2023

Probably the most popular question posed to accountants and tax preparers (especially around this time of year) is “what types of expenses are deductible?”. The short answer is that a business expense is considered to be deductible if it has been incurred with the ultimate purpose of earning income.

Tax 52

Tax tax return business tax income tax 52

xendoo

MAY 30, 2021

Florida is among the most tax-friendly states in America. If you have a small or midsize business in the state of Florida, you may be shielded from many typical forms of small business taxes. But how can you know which tax laws apply to your business? income tax. Florida has a sales tax rate of 6%.

Florida 52

Florida Tax income tax bookkeeping services 52

Withum

APRIL 5, 2023

The magical application of Section 1202 for C corporation shareholders seems too good to be true, with millions of tax dollars being saved. Section 1202 was enacted in 1993 and excludes certain percentages of gain triggered on the sale of Qualified Small Business Stock (“QSBS”) provided the stock is held for more than five years.

income tax 69

income tax corporation tax Tax Sales 69

ThomsonReuters

NOVEMBER 12, 2021

Corporate international tax planning is a major challenge for companies that do business in multiple countries. To be aware of pitfalls such as international double taxation — being taxed for the same income in two different countries — they must plan strategically.

tax planning 52

tax planning Tax corporation tax Technology 52

Ronika Khanna CPA,CA

MAY 26, 2023

While submitting your tax return is accompanied by a significant sense of relief, one cannot completely relax until you receive the notice of assessment from Revenue Canada (and Revenue Quebec for those of you lucky enough to file two tax returns). It also provides information pertaining to future years.

tax return 52

tax return income tax Tax corporation tax 52

inDinero Accounting

APRIL 3, 2023

Your choice of business entity depends on a variety of factors including size, number of owners, optimal tax considerations, liability, and options available for raising investment capital. No matter what choice is right for you, Indinero provides expert business tax services that simplify the complex. Let’s dive in.

income tax 52

income tax Legal corporation tax Tax 52

inDinero Accounting

APRIL 3, 2023

Your choice of business entity depends on a variety of factors including size, number of owners, optimal tax considerations, liability, and options available for raising investment capital. No matter what choice is right for you, Indinero provides expert business tax services that simplify the complex. Let’s dive in.

income tax 52

income tax Legal corporation tax Tax 52

Ronika Khanna CPA,CA

JANUARY 13, 2023

For those of you who are starting a new business, it is essential to know your tax obligations. Every business owner must report their net profits on a either their personal tax return if they are unincorporated or a corporation tax return if they are incorporated. What are input tax credits?

tax return 52

tax return income tax Tax Sales 52

ThomsonReuters

SEPTEMBER 8, 2023

Choosing the right business structure for entrepreneurs Business owners can structure their companies in several different ways , depending on the size of the business, its growth potential, how the business is managed, how the owners want to be taxed, and many other variables. What is a C Corporation?

income tax 75

income tax Tax Legal tax return 75

Inform Accounting

NOVEMBER 18, 2022

We already knew that he was going to raise taxes and reverse most, if not all of the Truss Budget. The leaked and previously announced tax increases are still going ahead…. Corporation tax from April 1 2023 to increase to 25% for companies with profits over £250,000. What this means is that we are back in Austerity 2.0

Tax 52

Tax income tax tax return corporation tax 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

Ronika Khanna CPA,CA

NOVEMBER 18, 2022

For many small corporations, not much needs to be done, from a tax perspective. at the beginning in terms of accounting, sales tax, or corporate tax, as deadlines are often many months away. If not, CRA will assess it as income that will result in unnecessary taxes (and of course interest and penalties).

payroll 52

payroll accounting and finance Tax accounting system 52

Ronika Khanna CPA,CA

AUGUST 19, 2022

The definition of a PSB according to CRA is: a personal services business exists where the individual would be considered to be an employee of the payer if it were not for the existence of the corporation. A PSB subject to the full federal tax rate + 5% + the applicable provincial rate. Do you invoice your client?

corporation tax 52

corporation tax Tax Legal accounting and finance 52

Ronika Khanna CPA,CA

DECEMBER 9, 2021

A gift can be given around the holidays, on birthdays, after closing a sale or any other time as a simple thank you. Of course, if you are buying gifts on behalf of your business, you should know whether they qualify as tax deductible expenses. Mr. Ngai stated that the purse was given as a gift to promote his business.

Entertainment 52

Entertainment tax return audit auditor 52

Ronika Khanna CPA,CA

JUNE 25, 2021

Registering and maintaining a sole proprietorship is fairly straightforward ; many business owners don’t put much thought into the financial aspects of it until tax time (when the mad scramble ensues). Once you have a corporation, however, the level of complexity and commitment increases. Change contracts, billing etc.

payroll 52

payroll general ledger accounting and finance Legal 52

DMCL

APRIL 11, 2022

While previous years’ tax-and-spend budgets have been peppered with some more constraint and long-term plans for containing Canada’s growing deficit, this year’s budget takes aim at several of the Liberal campaign promises and was undoubtedly influenced by the recent announcement of a coalition with the NDP.

Non-Profits 52

Non-Profits Real Estate Tax Construction 52

xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. 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.

business tax 52

business tax Tax income tax payroll tax 52

Ronika Khanna CPA,CA

SEPTEMBER 28, 2021

For GST/QST (among other considerations) you must determine if your annual sales will exceed $30,000. Note that there are no fees to sign up for GST/QST, deductions at source or corporate taxes. Any expenses incurred to generate business income are then deductible.

Legal 52

Legal payroll tax return corporation tax 52

inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered The Place to establish your corporate entity. Delaware does tax companies. With so few taxes, how does Delaware rake it in? The Delaware franchise tax. and 11:59 p.m.

Delaware 64

Delaware Wyoming Nevada Oregon 64

ThomsonReuters

OCTOBER 19, 2022

In this edition, we take a look at the recently enacted corporate alternative (book) minimum tax; new elections to convert credits to cash or tax payments; changes to the electric vehicle credit; recent legislation in Kansas, Kentucky, and Missouri; and state taxation of forgiven student loans.

Kansas 64

Kansas income tax Kentucky Tax 64

xendoo

DECEMBER 11, 2022

Tax season can be difficult for business owners, and it’s tough when you don’t know what tax forms to fill out or how. If you have a domestic corporation, then you’ll need to use the IRS Tax Form 1120. Corporation Income Tax Return, is an IRS form that certain businesses use to file taxes.

Tax 52

Tax income tax tax return bookkeeping 52

ThomsonReuters

MARCH 18, 2021

When you automate your tax processes , workflow management significantly improves. Automated workflow management eliminates obstacles and drives greater efficiency and accuracy across your entire tax compliance system. A tax-sensitized ERP approach ensures that you’re getting the right data for a specific transaction.

Tax 98

Tax Technology corporation tax Start-ups 98

ThomsonReuters

MARCH 2, 2021

Business leaders are looking for opportunities in disruptions as they prepare their companies for the future, and tax technology should be a part of their plans. With the right tax data software, your tax department can save money by automating and standardizing processes across the organization and enhancing accuracy and timeliness.

Tax 52

Tax corporation tax Technology audit 52

LyfeAccounting

OCTOBER 29, 2020

?. President Trump vs Biden Tax Plan. With the US presidential election is right around the corner, and since we’re an accounting firm that loves taxes, it’s only right that we make a post discussing President Trump’s Tax Plan vs Former Vice President Joe Biden. What an Effective Tax System Looks Like. …and more.

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tax planning Tax corporation tax Real Estate 52