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Reflecting on tax season: How to make changes for next year

ThomsonReuters

With these capabilities, your firm can move from reactive tax compliance to proactive tax planning ensuring you remain ahead of the curve and ready to advise clients on the latest developments. The challenge for many firms is balancing these expectations with the realities of a busy tax season.

Tax
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How to efficiently file individual income tax returns: A workflow guide for accounting firms

ThomsonReuters

This means leveraging client collaboration tools that facilitate data collection and integrate with your tax software to automate 1040 preparation. UltraTax CS automates your individual and business tax preparation workflow with powerful, time-saving tools that optimize productivity and increase profitability.

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Transforming together: The importance of building a strategic partnership between IT and indirect tax

ThomsonReuters

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
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4 international tax planning strategies for global companies

ThomsonReuters

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.

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Exploring key 2024 tax bill proposals

ThomsonReuters

Addressing income equality: The Tax Excessive CEO Pay Act targets corporations with high CEO-to-worker pay ratios to narrow income disparities. Firms must prepare for potential shifts in tax liabilities and advise clients accordingly. Stay tuned for further updates on these developments!

Tax