business tax and white paper - Accountant Advocate

Understanding the Tax Relief for American Families and Workers Act of 2024

ThomsonReuters

JANUARY 22, 2024

Flexible Income Lookback : Taxpayers can choose to use either current or prior-year income to calculate the child tax credit in 2024 and 2025, providing flexibility in determining eligibility. Inflation Adjustment : Starting in 2024, the child tax credit will be adjusted for inflation to keep up with the rising cost of living.

Tax

Tax business tax accounting and finance payroll

Exploring key 2024 tax bill proposals

ThomsonReuters

FEBRUARY 9, 2024

As these proposals progress, it will be interesting to see how they shape the future of taxation in the United States. Stay tuned for further updates on these developments!

Tax

Tax tax return Technology income tax

IRS Continues to Issue Guidance for Implementing Clean Energy Tax Credits

Cherry Bekaert

JANUARY 10, 2024

The tax credit provides a varying, four-tier incentive depending on the carbon intensity of the hydrogen production pathway. The Department of Energy (DOE) released a white paper describing how to assess lifecycle greenhouse gas emissions associated with the use of electricity in hydrogen production.

Tax

Tax Manufacturing income tax tax return

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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Managing busy season with a shortage of accountants

ThomsonReuters

OCTOBER 24, 2023

Add to that the recent focus by many workers on improved work-life balance—something that can seem at odds with a busy tax season. However, there are steps most tax firms can take to combat these challenging circumstances and get a leg up when competing for industry talent.

Account

Account accountant accounted Technology

Improving wellness for tax and accounting professionals

ThomsonReuters

JANUARY 16, 2024

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. Blog 5 tips to manage stress during busy season. White paper How to prepare your CPA firm for the future with automation and integration.

Tax

Tax Account accountant accounted

Managing strained accounting firm capabilities

ThomsonReuters

JUNE 16, 2023

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. The accounting profession is no stranger to long work hours and hefty workloads, especially during busy tax season.

accounting firms

accounting firms Account accountant accounted

How to attract private equity investment to your firm

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

Technology accounting firms Tax audit

What is Schedule K-1?

ThomsonReuters

FEBRUARY 24, 2023

To learn more about the K-1 Analyzer, check out our white paper on how the software helps firms handle complex, non-standard K-1 information with ease. appeared first on Tax & Accounting Blog Posts by Thomson Reuters. The post What is Schedule K-1?

Non-Profits

Non-Profits tax return Tax income tax

4 international tax planning strategies for global companies

ThomsonReuters

NOVEMBER 12, 2021

Read our white paper about corporate tax management to learn how next-generation tax technologies help tax professionals deliver valuable analysis, insights, and guidance to their companies.

tax planning

tax planning Tax corporation tax Technology

The Technology Lab Podcast – Review of Audit Technology Trends – July 2023

CPA Practice

JUNE 29, 2023

And so, you know, I start watching the dollars on a trial balance for a business tax return. White Paper, is it had an amazing appendix called audit architecture map. And I’m not anti cloud, but the pricing models on the cloud product are almost always pre engagement for either prep company review, and or full audit.

Technology

Technology audit general ledger Start-ups

Three ways to ignite productivity and morale at your firm

ThomsonReuters

MAY 11, 2023

In addition to reducing manual tasks, automation opens the door to direct collaboration with clients, including the ability to share data and documents directly via private accounts, automatically extract data from client source documents, or easily transfer account balances from integrated business tax preparation software.

Technology

Technology payroll tax accounts payable accounting firms

Don’t wait—start preparing for your next sales tax audit now

ThomsonReuters

FEBRUARY 23, 2024

“Those in retail or seasonal businesses should not be surprised to see the months with higher transaction volumes be selected under audit,” Davis says. White paper This survival guide offers strategies and tips from former auditors on how indirect tax teams can avoid audits and minimize their effects.

audit

audit Sales Tax auditor

Challenging sales tax audits: How to contest and defend your position

ThomsonReuters

MARCH 19, 2024

It also builds confidence in the tax department, because the data isn’t being manipulated, it’s a push-button report that’s coming from a single source connected to the ERP system, which is the source of truth for everything.” Download our free whitepaper on managing sales and use tax audits.

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audit Sales Tax auditor