ThomsonReuters

NOVEMBER 7, 2024

Tax’s contribution to the planning conversation is important because tax is one of the heaviest users of data in a large organization. And, unlike more siloed areas of a business, tax must pull the data it needs from departments across the organization.

Tax

Wellers Accounting

FEBRUARY 21, 2025

Tom Biggs explains the various end of tax year considerations, and strategies, that form effective tax planning to potentially reduce your bill.

Tax

Accounting Today

JUNE 10, 2025

Why lawmakers ought to adopt a simple reform that would raise revenue and make the Districts business tax system fairer. Tax Talk: ( [link] ): OBBBA wont be so beautiful for foreign persons if IRC Section 899 becomes reality. All rights reserved. Institute on Taxation and Economic Policy ( [link] ): As the D.C. Virginia – U.S.

tax preparation

Accounting Today

JULY 21, 2025

After a successful engagement with Arvo for the R&D tax credit process, we are now also using them for help with other business tax advice, and they have become one of our most trusted partners." All rights reserved.

Technology

Accounting Today

JUNE 9, 2025

At the same time, so-called pass-through businesses in the service sector are pushing to remove a provision in the House bill that limits their ability to claim SALT deductions. All rights reserved.

Tax

Accounting Today

JUNE 27, 2025

The massive tax and spending package is the legislative centerpiece of Trumps economic agenda. The Senate version makes permanent individual and business tax breaks enacted in 2017, while adding temporary new breaks for tipped and overtime workers, seniors and car-buyers. All rights reserved. The measure would also avert a U.S.

Tax

Accounting Today

JUNE 18, 2025

The House-passed bill raises the cap for federal deductions for state and local taxes to $40,000 from $10,000. The Senate draft version makes permanent three business tax breaks and that could boost the economic growth effects. All rights reserved.

Technology

MyIRSRelief

DECEMBER 1, 2023

C Corporations are a common choice for many businesses, offering a range of tax benefits that can lead to significant savings. This article will answer some of the most frequently asked questions about C Corporation tax savings. What is a C Corporation? Call us today at 1-877-78-TAXES [1-877-788-2937].

corporation tax

MyIRSRelief

NOVEMBER 17, 2023

S Corporations are a popular choice for many business owners due to their unique tax benefits. This article will answer some of the most frequently asked questions about S Corporation tax savings. What is an S Corporation? We assist in business tax compliance, preparation, planning and representation.

corporation tax

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.

tax planning

CPA Practice

APRIL 17, 2023

But with the increasing complexity of modern business and regulations, and a worsening shortage of CPAs, the truth is that small business accountants rarely help clients optimize their tax strategies. It’s understandable that business owners haven’t thought of ways to get more out of their accountant.

Tax

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

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. blocker corporations for U.S. tax return.

Tax

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?

corporation tax

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.

Tax

MyIRSRelief

APRIL 29, 2024

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!

Tax

Ronika Khanna CPA,CA

DECEMBER 2, 2022

This post and the T5 calculator have been updated to reflect If you are the owner of a Canadian corporation, you can choose to pay yourself (and other shareholders) dividends instead of a salary. Alternatively, some shareholders also take dividends in addition to a salary depending on their tax planning strategy.

tax return

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.

tax consultant

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.

business tax

ThomsonReuters

JULY 6, 2023

research and development credits) Trade and customs tax services and guidance Transfer pricing evaluation , documentation, and modification of existing policies Tax valuation services What does a tax advisor do?

Tax

Withum

MAY 4, 2022

A full credit similar to the New York PTET is available on the owner level to offset against their personal income tax. As a final note, the New York City PTET is on top of, but does not replace the New York City Unincorporated Business Tax (“UBT”) imposed on partnerships or General Corporation Tax (“GCT”) imposed on S corporations.

New York

Ronika Khanna CPA,CA

MAY 9, 2025

In this case it probably doesnt make sense to incorporate (unless part of some more sophisticated tax planning) since you risk losing your principal residence exemption which can be a significant tax savings on any appreciation of the value of the home upon its eventual sale.

tax return

xendoo

SEPTEMBER 10, 2021

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! . Corporate tax preparation . Some business owners are leery of outsourcing their sensitive financial data to an online company.

bookkeeping

ThomsonReuters

JANUARY 19, 2023

Leveraging a powerful workflow engine can deliver the intelligent tax automation , control improvement, and greater visibility tax teams need to make more strategic decisions, mitigate risk, and successfully orchestrate the entire direct tax process. Data mapped and transferred across the entire corporate tax platform.

Tax

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

ThomsonReuters

MARCH 9, 2023

In this post, we will highlight 3 of our top resources included in our Tax Season Toolkit : Year-End Tax Planning for individuals and businesses, How APIs can help transform your practice, and a Case Study detailing how GoSystem Tax RS and GoFileRoom helped a firm. What’s new? •

Tax

ThomsonReuters

FEBRUARY 20, 2024

International GAAR rules Keeping up with tax avoidance regulation Abusive tax planning is not just a concern among U.S. tax authorities, it is a global concern. Governments around the world have long taken steps to crack down on tax evasion, such as using general anti-avoidance rules, better known as GAAR.

income tax

Wellers Accounting

JANUARY 22, 2024

Tom Biggs explains the various end of tax year considerations, and strategies, that form effective tax planning to potentially reduce your liability.

Tax

Wellers Accounting

MARCH 2, 2023

Tom Biggs ACA CTA , highlights the different considerations and strategies that need to be reviewed for effective end of year tax planning.

Tax

Wellers Accounting

MARCH 11, 2022

Tom Biggs ACA CTA , highlights the different considerations and strategies that need to be reviewed for effective end of year tax planning.

Tax

LyfeAccounting

NOVEMBER 9, 2020

If your tax rate is 25%, then you would only pay $25,000.00 in taxes as a LLC. However, on the other hand, let’s say you’re a C Corporation. If you made $100,000 as a C Corporation, your business would be taxed on that income first. If the corporate tax rate is 20%, then you would pay $20,000 in taxes.

Tax

MyIRSRelief

APRIL 22, 2024

Tax Preparation and Planning: Looking beyond immediate problems, Mike Habib can help prevent future issues. He offers ongoing tax preparation services and can develop personalized tax plans to minimize your tax burden and ensure future compliance. Peace of Mind: Tax problems can be stressful.

Tax

LyfeAccounting

APRIL 22, 2021

Business Energy Tax Investment Credit. Here’s a full list of business tax credits from the IRS website. Amazon makes business decisions that will provide them with the biggest tax benefit. In 2019, Amazon broke its streak of paying $0 Federal taxes and actually owed money to the federal government.

Tax

ThomsonReuters

SEPTEMBER 8, 2023

Most large businesses and public companies are formed as C corps because a C corp is a business structure that allows for limitless growth through stock sales (which makes them appealing to investors) and is ideal for large, retail-based businesses. Blog post: What is sales tax apportionment and how do you calculate it?

income tax

ThomsonReuters

FEBRUARY 8, 2024

If products are being sold across state lines or internationally, for example, a more robust tax software alternative such as ONESOURCE may be worth considering. ONESOURCE corporate tax software has flexible modules for tax planning and preparation, and can automate much of the tax process.

Tax

ThomsonReuters

OCTOBER 19, 2022

The Inflation Reduction Act of 2022 imposes a new 15% corporate alternative (book) minimum tax on the adjusted financial statement income of applicable corporations (those with 3-year average financial statement income of at least $1 billion). FTC coverage begins at A-8900 Corporate alternative (book) minimum tax.

Kansas

ThomsonReuters

MARCH 2, 2021

The disruptions of 2020 — a pandemic, related regulatory changes, a remote workforce — have changed the business and tax landscape. On the other hand, buying a proven tax data software solution from an experienced technology partner can circumvent these problems while also saving money.

Tax