ThomsonReuters

FEBRUARY 1, 2024

This comprehensive legislation includes various provisions that address key areas such as the Child Tax Credit, business breaks, disaster tax relief, and affordable housing. Enhanced Child Tax Credit The bill includes provisions to enhance the Child Tax Credit , providing support to low-income families dealing with inflation.

Tax

Cherry Bekaert

JANUARY 10, 2024

Additionally, the IRS opened access to the pre-filing registration tool for taxpayers and tax-exempt entities looking to monetize IRA and Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act related eligible tax credits. The tax credit is effective for sales that take place after December 31, 2022. per kilogram.

Tax

ThomsonReuters

MAY 27, 2025

Thomson Reuters ONESOURCE is a state-of-the-art tax platform that provides everything corporate tax departments and IT personnel need to manage indirect and direct tax calculations, reporting, and compliance. How can ONESOURCE future-proof our tax operations? Can ONESOURCE transform tax data into business intelligence?

Tax

ThomsonReuters

JUNE 16, 2023

Many of today’s tax and accounting practices are struggling with strained firm capabilities. Firm resources often include, but are not limited to: Employees Technology solutions and other business equipment Working space Capital to pay employees, obtain office space, purchase technology, etc. Is your firm among them?

accounting firms

ThomsonReuters

JANUARY 16, 2024

Making occupational wellness a priority Tax and accounting professionals are known for working hard, especially during tax season. Check out our   self-care blog series   to learn more about actionable strategies on how to take care of yourself through the busy tax season and throughout the year.

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. Prepare your company for international regulatory changes .

tax planning

ThomsonReuters

FEBRUARY 23, 2024

Jump to: Why is it important to be proactive toward sales tax audits? How can my company prepare for a potential sales tax audit? How can tax technology help when defending an audit? When and how should tax systems be upgraded? Why is it important to be proactive toward sales tax audits?

audit

ThomsonReuters

MARCH 19, 2024

What if a sales tax audit needs to be appealed? What happens after the audit, win or lose Sales tax audits may be an unfortunate fact of corporate life, but not all audits are the same. There are generally two issues that drive a sales tax audit assessment , ” Bobby says. How should you prepare for an audit defense?

audit

ThomsonReuters

OCTOBER 24, 2023

Jump to: Automation, AI Technology: A Time and Resource Saver Outsourcing: Scale your business and reduce your costs A flexible work model: Expand your talent pool and gain a competitive edge How to handle the shortage of staff in your accounting department Recent trends have only amplified this challenge.

accountant

ThomsonReuters

FEBRUARY 24, 2023

Schedule K-1s, which are tax forms used to report a partner’s or shareholder’s income, losses, capital gain, dividends, etc., K-1s, however, are quite different and can come with some complexities for tax and accounting firms. from the partnership for the tax year. from the partnership for the tax year.

Non-Profits

ThomsonReuters

MARCH 13, 2023

” Weinstein continued, “The capital provided through PE investors also can greatly enhance the quality and capacity of core businesses (tax and audit) on which firms such as ours were founded.

Technology

ThomsonReuters

MAY 11, 2023

For accounting firms, automation is perhaps the single most effective and immediate way to achieve greater efficiency, particularly when it comes to eliminating the manual tasks associated with accounts payable/receivable , payroll, tax compliance, and financial reporting. No more manually detecting blank fields or numbers that don’t add up.

Technology

CPA Practice

JUNE 29, 2023

And so, you know, I start watching the dollars on a trial balance for a business tax return. How many tax returns? White Paper, is it had an amazing appendix called audit architecture map. And it’s like, oh, really the odd I’m thinking quite a few firms aren’t going to swallow Brian F. How many reviews?

Technology

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

ThomsonReuters

MARCH 5, 2025

citizens and domestic companies and planning to narrow the scope of the act to foreign reporting companies, the department aims to support American taxpayers and small businesses. Explore key resources below Checkpoint Newsstand Thomson Reuters tax and accounting news. By suspending penalties for U.S.

Tax