corporation tax - Accountant Advocate

Corporate Tax Leaders’ Views on GenAI Have Flipped, EY Survey Finds

CPA Practice

OCTOBER 14, 2024

A new survey from Big Four firm EY reveals that CFOs’ and corporate tax leaders’ stances on generative artificial intelligence have shifted over the past year—from mostly negative to mostly positive.

corporation tax

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S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help

MyIRSRelief

NOVEMBER 1, 2024

S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help S Corporations , often referred to as S Corps, are a popular business structure in the United States, particularly among small to medium-sized businesses. However, navigating the tax landscape for S Corps can be complex.

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Operating as a C Corporation: Weigh the Benefits and Drawbacks

RogerRossmeisl

FEBRUARY 16, 2025

Heres a detailed look at the pros and cons of operating as a C corporation. Tax implications A C corporation allows the business to be treated and taxed separately from you as the principal owner. The corporate tax rate is currently 21%, which is lower than the highest non-corporate tax rate of 37%.

Non-Profits

Non-Profits corporation tax CPA Tax

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The corporate tax GenAI evolution: Five key tensions your department should address

ThomsonReuters

JUNE 24, 2025

Highlights: Corporate tax leaders express strong enthusiasm for generative AI but face significant challenges in its effective adoption. A substantial gap exists between corporate tax professionals’ belief in GenAI’s utility and its actual widespread implementation.

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The corporate tax GenAI evolution: Five key tensions your department should address

ThomsonReuters

JUNE 24, 2025

Highlights: Corporate tax leaders express strong enthusiasm for generative AI but face significant challenges in its effective adoption. A substantial gap exists between corporate tax professionals’ belief in GenAI’s utility and its actual widespread implementation.

corporation tax

corporation tax Tax Government audit

Proactive measures to address the corporate tax talent crisis

ThomsonReuters

DECEMBER 20, 2024

Is this affecting your departments’ ability to stay ahead of evolving tax requirements and keep pace with emerging technologies? Our recent Corporate Tax Report survey revealed significant talent shortages within tax departments over the past year, expanding upon the rippling organizational effects.

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Managing transformational change in corporate tax departments: Key strategies and approaches

ThomsonReuters

JANUARY 13, 2025

Blog home In corporate tax departments, change comes in many forms. This blog will look at the main drivers of change in a business, successful strategies of change management to implement in your corporate tax department, and how leaders can address resistance to technological transformation.

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Corporate Business Owners: Is Your Salary Reasonable in the Eyes of the IRS?

RogerRossmeisl

JUNE 1, 2025

Different considerations for C and S corporations C corporation owners often take large salaries because theyre tax-deductible business expenses, which reduce the corporations taxable income. So, by paying themselves higher salaries, Ccorporation owners can lower corporate taxes.

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How much does corporation tax software cost?

Accounting Web

JUNE 9, 2025

Corporation tax software can save you time and make your day-to-day life as an accountant significantly easier - but price is an important factor

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The time is now: Preparing your corporate tax department for the AI revolution

ThomsonReuters

MAY 1, 2025

94% of tax professionals express optimism about the potential of new technologies. The latest Thomson Reuters Corporate Tax Department Technology Report reveals that 42% of tax departments are actively exploring AI solutions. Beyond today: What’s next for AI in corporate tax? Webinar: The time is now.

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C Corporation Tax Savings: Frequently Asked Questions

MyIRSRelief

DECEMBER 1, 2023

C Corporations are a common choice for many businesses, offering a range of tax benefits that can lead to significant savings. This article will answer some of the most frequently asked questions about C Corporation tax savings. What is a C Corporation? This can significantly reduce a corporation’s taxable income.

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The best and worst states for corporate taxes

Accounting Today

DECEMBER 12, 2024

From those with no corporate tax at all, to those that tax everything they can a guide to most and least competitive states when it comes to taxing businesses.

corporation tax

corporation tax Tax

How Generative AI (GenAI) can empower corporate tax departments

ThomsonReuters

JULY 2, 2024

The recent surge in artificial intelligence advancements has started to transform the professional services industry, and corporate tax departments are no exception. The integration of GenAI into tax workflows offers a wide set of benefits.

corporation tax

corporation tax Tax Technology Gaming

How the 2024 presidential election could reshape corporate tax policies

ThomsonReuters

OCTOBER 24, 2024

We will explore the key tax policy issues at stake, including the potential shift in corporate tax rates, bonus depreciation provisions, and the treatment of research and development (R&D) expenses. One of the key proposals from the Republican side is to reduce the corporate tax rate to 15%.

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The role of ERP in the digital transformation of corporate tax departments

ThomsonReuters

JANUARY 31, 2025

Learn more The benefits of an ERP system While ERPs do provide greater efficiency and data utility to many different business units, they are especially beneficial for corporate tax departments. The following are just a few of the many benefits a new ERP system can provide for corporate tax departments.

corporation tax

corporation tax Tax Technology tax planning

Amending corporation tax returns 1120 or 1120S business to 1120X or 1120SX

MyIRSRelief

MAY 2, 2022

Business taxpayers should timely correct and amend their corporate business tax returns to assure inaccuracy of penalties being assessed, and of course to avoid a possible audit and its significant impact on you the taxpayer. Amendments may be made to either tax forms 1120 or 1120S.

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S Corporation Tax Savings: Frequently Asked Questions

MyIRSRelief

NOVEMBER 17, 2023

S Corporations are a popular choice for many business owners due to their unique tax benefits. This article will answer some of the most frequently asked questions about S Corporation tax savings. What is an S Corporation?

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Navigating Potential Changes to Corporate Tax Rates

Insightful Accountant

MAY 13, 2024

Small business owners and tax practitioners are debating whether to elect S corporation status before the potential corporate tax rate increase in 2025 due to the expiration of TCJA provisions.

corporation tax

corporation tax Tax

Maximizing tax department efficiency: The case for higher technology budgets

ThomsonReuters

NOVEMBER 19, 2024

← Blog home Corporate tax departments are facing mounting pressures due to a talent shortage and increasing regulatory complexities, such as Pillar 2 and Global Minimum Tax (GMT) requirements. Corporate tax departments are often stretched thin, making them susceptible to audits and penalties.

Technology

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Research: The Talent Shortage is Starting to Take Its Pound of Flesh From Corporate Tax Departments

Going Concern

SEPTEMBER 14, 2023

This morning, Thomson Reuters released new research that reveals both corporate tax and global trade departments state they are under-resourced for technology and talent. From the press release : The 2023 State of Corporate Tax Department report highlights under-resourced tax departments are more likely to face audits and penalties.

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IRS FIRE's going out for 2027 tax season

Accounting Today

JULY 9, 2025

Tax

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Why Thomson Reuters is the best choice for corporate tax professionals

ThomsonReuters

FEBRUARY 10, 2025

These digital transformations typically involve transitioning to a cloud-based business system, and they are important to corporate tax leaders because the tax function touches virtually every aspect of a modern organization. ONESOURCE Indirect tax and Oracle cloud Simplified processes. Elevated performance.

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Intuit debuts AI agents for QuickBooks

Accounting Today

JUNE 26, 2025

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5 ways technology can strengthen a corporate tax team

ThomsonReuters

FEBRUARY 16, 2024

The proper utilization and deployment of technological solutions alongside valued tax professionals is how successful tax departments deliver valued analysis, insights, and guidance for their organizations. Keeping regulators at bay Tax authorities worldwide continue to pass legislation requiring greater disclosure from corporations.

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Providing corporation tax as a service with software

Accounting Web

JUNE 23, 2025

Practice strategy Tags Business advice Capium Corporation tax

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Findings from the 2025 Corporate Tax Department Technology Report: More tech, please

ThomsonReuters

FEBRUARY 12, 2025

Blog home The Thomson Reuters 2025 Corporate Tax Department Technology Report offers the latest research on how corporate tax departments are incorporating new technologies into their operations, as well as the many challenges tax departments face in adopting new technological systems and processes.

Technology

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The top 5 AI terms corporate tax professionals need to know

ThomsonReuters

FEBRUARY 22, 2024

It is inevitable that in the next few years, it will impact – and even transform – how corporate tax professionals go about their work. So, what are the key aspects of AI that are likely to affect the world of corporate tax? Here are the top five AI terms corporate tax professionals need to know: 1.

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Is your firm overpaying for external hires?

Accounting Today

JUNE 23, 2025

Technology

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RSM announces $1B agentic AI investment

Accounting Today

JUNE 10, 2025

Technology

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What Might Be Ahead as Many Tax Provisions are Scheduled to Expire?

RogerRossmeisl

JULY 17, 2024

A new political landscape in Washington could also mean other tax law changes. Corporate vs. individual taxes The TCJA cut the maximum corporate tax rate from 35% to. The post What Might Be Ahead as Many Tax Provisions are Scheduled to Expire? appeared first on Roger Rossmeisl, CPA.

Tax

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Optimism declines among accountants

Accounting Today

JUNE 11, 2025

Technology

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SEC taps new chief accountant

Accounting Today

JUNE 13, 2025

Account

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Mississippi, Texas storm victims get tax relief

Accounting Today

JUNE 20, 2025

Mississippi

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Accounting is changing, and the world can't wait until 2026

Accounting Today

JUNE 6, 2025

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10 Facts About the Pass-Through Deduction for Qualified Business Income

RogerRossmeisl

AUGUST 3, 2021

It’s available to owners of sole proprietorships, single member limited liability companies (LLCs), partnerships and S corporations. The deduction is intended to reduce the tax rate on QBI to a rate that’s closer to the corporate tax rate. It may also be claimed by trusts and estates. It’s taken “below the line.”

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Do you Qualify for the QBI Deduction and What Can you Do to Help Qualify?

RogerRossmeisl

JANUARY 1, 2023

The QBI deduction is: Available to owners of sole proprietorships, single member limited liability companies (LLCs), partnerships, and S corporations, as well as trusts and estates. Intended to reduce the tax rate on QBI to a rate that’s closer to the corporate tax rate. Taken “below the line.”

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Choosing a Business Entity? Here are the Pros and Cons of a C Corporation

RogerRossmeisl

DECEMBER 10, 2022

A properly structured corporation can protect you from the debts of the business yet enable you to control both day-to-day operations and corporate acts such as redemptions, acquisitions and even liquidations. In addition, the corporate tax rate is currently 21%, which is lower than the highest noncorporate tax rate.

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IRS spruces up Pre-Filing Agreement program

Accounting Today

JUNE 19, 2025

Tax IRS Tax regulations Corporate taxes MORE FROM ACCOUNTING TODAY Tax IRS spruces up Pre-Filing Agreement program New guidance, step-by-step instructions and useful statistics are now available for large business filers. All rights reserved.

corporation tax

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Tax partners matter more than firms when it comes to corporate taxes

Accounting Today

AUGUST 29, 2023

Accounting firms are less important than the partner leading the team in terms of the impact on the business's effective tax rate and the probability it will face an audit.

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The accountant's advantage over technology in fraud prevention

Accounting Today

JULY 9, 2025

Technology

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Elliott Davis takes PE investment

Accounting Today

JUNE 11, 2025

Technology

Technology South Carolina tax preparation audit

Transforming tax operations with strategic alliances: Thomson Reuters and KPMG

ThomsonReuters

DECEMBER 9, 2024

Blog home Today, organizations are under increasing pressure to navigate the complexities of global tax regulations, ensure compliance, and optimize workflow processes using the latest advanced technology.

corporation tax

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Billionaire, corporate tax hikes will be focus of Biden State of the Union

Accounting Today

MARCH 7, 2024

President Joe Biden will propose increasing the minimum tax rates paid by major U.S. and multinational corporations to 21% and eliminating breaks for companies with high-paid executives in his election-year State of the Union address on Thursday night.

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In the blogs: Breathing room

Accounting Today

JUNE 17, 2025

E-commerce

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Corporate Tax Leaders’ Views on GenAI Have Flipped, EY Survey Finds

S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help

Webinars

Trending Sources

Operating as a C Corporation: Weigh the Benefits and Drawbacks

Webinars

The corporate tax GenAI evolution: Five key tensions your department should address

The corporate tax GenAI evolution: Five key tensions your department should address

Proactive measures to address the corporate tax talent crisis

Managing transformational change in corporate tax departments: Key strategies and approaches

Corporate Business Owners: Is Your Salary Reasonable in the Eyes of the IRS?

How much does corporation tax software cost?

The time is now: Preparing your corporate tax department for the AI revolution

C Corporation Tax Savings: Frequently Asked Questions

The best and worst states for corporate taxes

How Generative AI (GenAI) can empower corporate tax departments

How the 2024 presidential election could reshape corporate tax policies

The role of ERP in the digital transformation of corporate tax departments

Amending corporation tax returns 1120 or 1120S business to 1120X or 1120SX

S Corporation Tax Savings: Frequently Asked Questions

Navigating Potential Changes to Corporate Tax Rates

Maximizing tax department efficiency: The case for higher technology budgets

Research: The Talent Shortage is Starting to Take Its Pound of Flesh From Corporate Tax Departments

IRS FIRE's going out for 2027 tax season

Why Thomson Reuters is the best choice for corporate tax professionals

Intuit debuts AI agents for QuickBooks

5 ways technology can strengthen a corporate tax team

Providing corporation tax as a service with software

Findings from the 2025 Corporate Tax Department Technology Report: More tech, please

The top 5 AI terms corporate tax professionals need to know

Is your firm overpaying for external hires?

RSM announces $1B agentic AI investment

What Might Be Ahead as Many Tax Provisions are Scheduled to Expire?

Optimism declines among accountants

SEC taps new chief accountant

Mississippi, Texas storm victims get tax relief

Accounting is changing, and the world can't wait until 2026

10 Facts About the Pass-Through Deduction for Qualified Business Income

Do you Qualify for the QBI Deduction and What Can you Do to Help Qualify?

Choosing a Business Entity? Here are the Pros and Cons of a C Corporation

IRS spruces up Pre-Filing Agreement program

Tax partners matter more than firms when it comes to corporate taxes

The accountant's advantage over technology in fraud prevention

Elliott Davis takes PE investment

Transforming tax operations with strategic alliances: Thomson Reuters and KPMG

Billionaire, corporate tax hikes will be focus of Biden State of the Union

In the blogs: Breathing room

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