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Finance Directors’ Tax Toolkit

Menzies

We’re devised this ‘Finance Directors’ tax toolkit’ to highlight the ways in which Menzies often help large and multinational companies including business tax, employment solutions and innovation incentives (e.g. Click each heading below to expand each section on the toolkit.

Finance 52
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Lost Accounting Data – Emergency Plan for Limited Company Contractors

Cheap Accounting

Company Accounts and Corporation Tax Return – annual filing. You would do this in two places: Via your Business Tax Account with HMRC for VAT, Self Assessment, PAYE and Corporation Tax. If you do not have a Business Tax Account then this really is the time to get one.

Account 52
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BEPS 2.0 Pillar Two – What Tax Teams Need To Succeed 

CPA Practice

BEPS also requires that companies itemize their revenues by country, and as taxation bodies develop more sophisticated models that compare BEPS data with corporate tax return data, there may be an increase in investigations. Further, teams need to adapt to a shifting landscape of rules as the framework evolves over time.

Tax 98
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Guide to accountant responsibilities

ThomsonReuters

Preparing tax returns. Additionally, depending on the type of firm, accountants may be involved in more advisory-centric responsibilities, such as analyzing financial data and providing clients with strategic guidance and recommendations on how to reduce costs and boost profitability. Recording disbursements and payments.

Account 59
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Business Tax Credits to Lower Your Tax Bill

xendoo

Minimizing your company’s tax burden can help maximize profits. One way of doing this is through business tax credits. Leveraging the right tax credits can save your business thousands of dollars in taxes each year. How do you know which tax credits will save you the most money?

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Additional IRS Guidance Surrounding 174 R&E Capitalization Requirements

Withum

The Internal Revenue Service (“IRS”) released Notice 2023-63 , on September 8, 2023, providing guidance surrounding the requirement to capitalize Section 174 research and experimental (“R&E”) expenditures for the 2022 taxable year.While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal.

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How to Incorporate a Business – 6 Easy Steps!

LyfeAccounting

C-corps are taxed once at the company level, and distributions of profits (aka dividends) to shareholders are taxed again on shareholders’ personal tax returns. Now here are the steps on how you can incorporate a business. Steps on How to Incorporate a Business. Make sense? You proceed with incorporating.