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 105

corporation tax Tax 105

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 103

corporation tax Tax 103

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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corporation tax Tax tax planning income tax 98

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 52

corporation tax Tax Technology tax planning 52

Patriot Software

DECEMBER 14, 2022

Your company’s tax liability largely depends on the business structure you choose. And if you structure your business as a corporation, you’re responsible for paying the corporate income tax rate on company earnings. So, what is the corporate tax rate? How do corporation taxes work?

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corporation tax Tax income tax business tax 111

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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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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corporation tax Tax tax return Non-Profits 130

ThomsonReuters

AUGUST 25, 2023

Jump to: How does depreciation affect corporation taxes? Accelerated depreciation for corporations How does depreciation work in an S corporation? What is the depreciation guidance for corporate alternative minimum tax? In short, depreciation can result in a reduction in corporate taxes.

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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.

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Technology corporation tax Tax audit 83

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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corporation tax Technology Tax audit 116

Accounting Today

OCTOBER 2, 2023

Nearly half the leaders of corporate tax departments believe they're severely under-resourced when it comes to technology and hiring, according to a recent survey.

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corporation tax Tax Technology 97

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.

corporation tax 52

corporation tax Tax Technology audit 52

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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corporation tax Technology Tax accounting and finance 96

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 84

Technology corporation tax Tax accounted 84

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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corporation tax Tax Technology audit 93

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.

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Tax corporation tax Washington CPA 264

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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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.”

corporation tax 246

corporation tax CPA Tax business tax 246

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.

corporation tax 245

corporation tax CPA Tax business tax 245

Withum

APRIL 14, 2025

Corporate Tax Rates: May benefit from lower corporate tax rates than individual rates. Cons Double Taxation: C Corporations pay corporate income tax, and shareholders are taxed on dividends. Unlimited Ownership: There are no restrictions on the number or type of shareholders.

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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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corporation tax Tax audit accounting firms 118

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 52

corporation tax Tax Technology accounting and finance 52

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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corporation tax Tax tax planning 118

Inform Accounting

MARCH 27, 2025

Running your own business comes with plenty of perks, but did you know that paying pensions through your company can help reduce your corporation tax bill? Its a win-win: you invest in your future while making your company more tax-efficient.

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corporation tax Tax payroll 52

BurklandAssociates

MAY 14, 2024

Staying on top of corporate taxes, payroll taxes, sales tax, and other tax obligations is a vital aspect of running a successful startup. The post Taxes for Early-Stage Startups: What Do I Have to Pay? appeared first on Burkland.

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Accounting Today

APRIL 15, 2024

The International Ethics Standards Board for Accountants has unveiled a set of ethical standards for business tax planning in response to complaints over tax avoidance by multinational companies.

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ThomsonReuters

OCTOBER 30, 2024

← Blog home The 2024 State of the Corporate Tax Department report by the Thomson Reuters Institute, in collaboration with tax executives, highlights the challenges and opportunities facing tax departments today. Read the full Thomson Reuters Institue 2024 Corporate Tax report.

Technology 52

Technology Tax corporation tax Education 52

Accounting Today

SEPTEMBER 6, 2023

Corporate tax departments are going through major transformation in response to the challenging legal and regulatory environment, according to a new survey from Deloitte.

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Tax corporation tax Legal 133

Menzies

OCTOBER 30, 2024

Tax reliefs for the UK’s world-leading creative industries, which will provide £15 billion of support over the next 5 years. Some of this increase will be mitigated by a reduction in corporation tax which will reduce the impact on profitable businesses by up to 25% of the increase.

Manufacturing 59

Manufacturing corporation tax chartered accountant Technology 59

ThomsonReuters

DECEMBER 13, 2024

In todays fast-moving global business landscape, the complexities faced by corporate tax and trade departments continue to multiply. Tax errors, audits, fines and penalties can all result in a loss of revenue, but even more importantly, a loss of reputation and customer confidence for businesses.

corporation tax 52

corporation tax Tax Technology audit 52

ThomsonReuters

OCTOBER 31, 2024

Democratic and Republican Party tax plans As these impending changes loom, it’s crucial to consider how different political parties plan to address the expiration of key TCJA provisions, along with other proposed tax reforms that could impact corporate tax rates, social security benefits, and IRS funding.

Tax 52

Tax corporation tax tax planning Manufacturing 52

ThomsonReuters

JANUARY 6, 2025

We will dive into the key benefits of embedded tax solutions and offer insights for corporate tax professionals looking to use comprehensive tools to achieve exceptional compliance and operational excellence. Highlights: Tax management in large organizations is complex and needs precision.

Tax 52

Tax corporation tax audit Legal 52

DuctTapeMarketing

JULY 14, 2018

They’ll partner you with a dedicated accounting team and provide three simple monthly rates that include your bookkeeping, sales tax, planning support, corporate tax return, and unlimited access to your dedicated CPA team. Xendoo is an online accounting and bookkeeping service dedicated to small business owners.

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RogerRossmeisl

DECEMBER 9, 2020

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. Is intended to reduce the tax rate on QBI to a rate that’s closer to the corporate tax rate. Is taken “below the line.”

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Tax corporation tax CPA cpa firm 164

Accounting Today

MAY 6, 2024

taxes are likely to rise as lawmakers look to narrow the federal deficit, Warren Buffett said, as Washington prepares for major tax negotiations next year.

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corporation tax Tax Washington 72

Accounting Today

DECEMBER 3, 2024

The latest data on the growth of the IRS's Direct File program, how many corporate tax pros believe generative AI is beneficial in accounting, and other key metrics.

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corporation tax Tax Account accounted 122

Accounting Today

JANUARY 3, 2024

Fifteen states are reducing either individual or corporate income taxes this year, with some states trimming both individual and corporate taxes, among 34 states starting the year with significant tax changes.

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