Menzies

MARCH 1, 2023

GAINING R&D KNOWLEDGE CAN BRING REWARDS FOR YOUR PROPERTY BUSINESS Relatively few surveyors claim research and development (R&D) tax relief, despite the fact that many activities meet the scheme’s eligibility criteria. depending on your tax rate from 1 April 2023). Menzies LLP - A leading chartered accountancy firm.

Tax 52

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SingleTrackAccounting

MAY 13, 2021

The new presidential administration has proposed a large new tax bill to offset other priorities such as improving infrastructure, funding the American Rescue Plan, combating employment inequality and tackling climate change. These are expected to be financed with increased taxes targeted at high income brackets and corporations.

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Menzies

NOVEMBER 9, 2023

Tax Major tax changes are unlikely. CIS The UK Construction Industry Scheme (CIS) has been operating for many years, and back in April, the government launched a consultation on reform to remove a number of longstanding irritations for those companies who have to make CIS returns.

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Cherry Bekaert

OCTOBER 9, 2023

Whether you prioritize high returns, low fees, tax benefits, predictable timelines, fund flexibility or other factors, each type of real estate fund has its positive and negative consequences to consider. Tax Advantages – REITs do not have to pay a corporate tax, so there is a higher available payout for investors.

Real Estate 110

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Menzies

OCTOBER 6, 2023

This new allowance enables companies to claim a 100% deduction for tax purposes in the year of spend on particular capital investments. However, companies that take advantage of this opportunity will be able to recover up to £250 of every £1,000 spent on capital expenditures against their tax liability.

corporation tax 59

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Accounting Insight

FEBRUARY 1, 2024

A large business tax enquiry / corporate tax enquiry is carried out by HMRC’s ‘Large Business’ directorate and ‘Wealthy & Mid-sized Business Compliance’ directorate. Remember, a corporate tax enquiry is not routine, despite what HMRC may suggest. more people and time resources and so costs too).

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KROST

MAY 23, 2022

KROST CPAs and Consultants, a tax, accounting, and consulting firm based out of Los Angeles, has launched KROST Business Intelligence (KBI) , offering dynamic insights into realization, staff utilization, project turnaround, and more. Pasadena, CA. Contact us if you have any questions about KROST Business Intelligence (KBI) services.

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PYMNTS

JULY 31, 2019

Albania has announced it will implement a new online billing system to prevent businesses from circumventing tax payments and to boost revenue in the country, according to a report by Reuters. The minister said that 1,600 hotels on a booking site were not registered with the proper tax authorities.

Tax 46

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PYMNTS

MAY 22, 2020

million-square-foot project will be split into three regions — business, logistics, and social, according to a report in the Global Construction Review. DCC merchants will not have to pay income tax or corporate tax and will get support services for immigration, healthcare, administration and banking. The proposed 2.1

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Menzies

AUGUST 21, 2023

After the cessation of the “Super-deduction” capital allowance earlier this year, companies will have access to a new First Year Allowance, referred to as Full Expensing, that allows them to claim a 100% deduction for tax purposes in the year of spend on specific capital investments. What is Full Expensing? What is Full Expensing?

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Wellers Accounting

JANUARY 22, 2024

Tom Biggs ACA CTA, provides a comprehensive list of the tax and financial dates you need marked up in your calendar.

Tax 52

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Menzies

MARCH 1, 2023

The LLP and each member must file self-assessment returns annually (see tax below). Losses are entitled to corporation tax credits by offsetting a trading loss against profits from gains from the same or previous periods, with remaining losses being available for offset in the future.

corporation tax 52

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PYMNTS

SEPTEMBER 28, 2020

Canadian Lawmakers Want Big Tech to Pay for Content, Taxes . EU Renews Demand for Back Taxes on Apple’s Ireland Ops. billion back-tax bill in Ireland. Margrethe Vestager, executive vice president of the European Commission for a Europe Fit for the Digital Age , last week appealed that ruling and wants the tax bill paid.

Illinois 64

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Menzies

MARCH 1, 2023

This can be particularly challenging in an LLP, as tax is paid by the members on the profits made, but then they may need to leave cash in the business. Dividends are usually preferential to salary from a personal tax perspective (see R&D below). Research and development should also be considered.

income tax 52

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Menzies

MARCH 1, 2023

The company pays corporation tax on its taxable profits (25% for companies with profits of £250k or more, from 1 April 2023), with the net profit left in the company’s reserves. Tax efficient profit extraction is then a key consideration, often incorporating salary, dividends and pension contributions.

Legal 40

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DMCL

APRIL 11, 2022

While previous years’ tax-and-spend budgets have been peppered with some more constraint and long-term plans for containing Canada’s growing deficit, this year’s budget takes aim at several of the Liberal campaign promises and was undoubtedly influenced by the recent announcement of a coalition with the NDP.

Non-Profits 52

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Going Concern

JUNE 10, 2022

Reality TV stars convicted of fraud and tax evasion [ Department of Justice ] Following a three-week trial, a federal jury found Todd and Julie Chrisley guilty of conspiring to defraud community banks out of more than $30 million of fraudulent loans. sanctions against Russia from providing tax advisory and preparation services to the U.S.

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Menzies

FEBRUARY 15, 2023

The stamp duty land tax (SDLT) surcharge for overseas buyers of residential property was introduced on the 6th April 2021. The tax operates by adding an extra 2% to all residential rates of SDLT (including the current 3% surcharge and the flat 15% rate for certain corporate purchases) where a non-UK purchaser acquires residential property.

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Simple Accounts

MARCH 30, 2022

Work in Progress: The partially finished or products under construction waiting for completion. Explain the latest changes introduced in Tax. You must be aware of new changes in tax, accounts, etc. For example, if you are being interviewed by a UAE-based company, explain the new federal corporate tax introduced by UAE. .

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CPA Practice

JANUARY 15, 2024

She pointed out to jurors that unlike most business owners who received government benefits during the pandemic, Sheppard has been paying back the relief loans that he used for construction workers and others while developing a huge retail warehouse store for an anchor tenant in his company’s shopping center in Orlando.

Real Estate 52

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Menzies

MARCH 1, 2023

For LLPs, tax is payable by partners which can sometimes be overlooked by individuals who then draw further funds to cover their liabilities. To alleviate such a potential issue, consider withholding the tax payable rather than leaving individual partners to do it. All of the above demonstrate that forecasting is essential.

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Menzies

AUGUST 17, 2022

Tax restrictions. The move to this business structure was mainly due to changes to tax that restricted the total tax relief that individual landlords could claim on the financing costs of their residential properties. Incorporating and Taxes. Can lead to substantial tax charges. Limited liability status.

Real Estate 52

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Menzies

DECEMBER 6, 2023

For example, legal invoices might show intellectual property assets, that could’ve been leveraged using Patent Box Relief to reduce the client’s corporation tax liability. An audit team that is aware of these opportunities and armed to relay them to the business could bring substantial rewards.

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PYMNTS

JULY 21, 2017

According to Morgan Stanley CEO James Gorman, lower corporate taxes and more streamlined bank regulation could “allow U.S. If you’re in construction or heavy equipment, it’s uncertainty about whether we’re going to have an infrastructure bill,” King said.

Washington 40

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PYMNTS

SEPTEMBER 13, 2017

The construction industry is facing multiple headwinds, from late supplier payments to a talent shortage. According to Euler Hermes, the construction sector, which is worth $10 trillion worldwide, is expected to enjoy 3.5 “Construction accounting is a little more complex,” he recently told PYMNTS.

Construction 51

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PYMNTS

FEBRUARY 20, 2020

Enterprise resource planning (ERP) and enterprise performance management (EPM) company insightsoftware has announced its acquisition of financial planning and tax software provider Longview, according to a Thursday (Feb. The move is meant to bolster insightsoftware’s financial planning capabilities on a corporate level. 20) release.

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