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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CPA Practice

FEBRUARY 14, 2023

The latest survey from Bloomberg Tax & Accounting shows the biggest issues faced by corporate tax departments, as well as trends in the industry. According to the new survey, three-quarters of tax departments report experiencing difficulties in recruiting and retaining talented tax professionals.

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ThomsonReuters

DECEMBER 29, 2022

Companies are facing an ever-increasing burden of corporate tax compliance and the pace of complexities shows no sign of slowing. Helping companies ensure compliance by outsourcing for business processes represents a growth opportunity for today’s tax and accounting firms. . “ Find the right corporate tax solution.

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Menzies

DECEMBER 1, 2022

From 1 April 2023, the corporation tax rate will be increasing from 19% to 25% for companies with taxable profits over £250,000. Companies with taxable profits of less than £50,000 will continue to pay tax at 19%. However, if the company changed its year end to 31 March 2023 it would pay tax at 19%.

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Wellers Accounting

MARCH 17, 2023

Tom Biggs ACA CTA , on the corporation tax changes and implications for associated companies.

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Wellers Accounting

FEBRUARY 22, 2022

Beth Whitmore FCCA explains exactly what corporation tax means for your business and the reliefs and allowances you need to explore.

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CPA Practice

AUGUST 21, 2023

However, outside of spreadsheets, few technology solutions exist that address the many challenges experienced by tax professionals in their workpapers, and those that do exist often do not work well together.

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ThomsonReuters

MAY 7, 2021

How to mitigate risks with tax software. Corporate tax teams are facing an array of risks, new and old, that complicate their ability to deliver an accurate and defendable tax provision within an ever-shrinking financial close window. What challenges does your tax department face? Leverage clean data.

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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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ThomsonReuters

AUGUST 16, 2022

For corporate tax departments, making the tax technology pitch for an automated solution is a relatively simple one. 1—It will save money by: reducing tax errors and over-payments. errors and violations associated with out-of-date tax rates and codes. making the department’s overall operations more efficient.

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ThomsonReuters

NOVEMBER 2, 2021

As a corporate tax professional, you know the complexities of complying with business taxation requirements. Your company may have to file corporate tax returns in multiple states and local jurisdictions, as well as with federal — and perhaps international — tax authorities. is a C corporation.

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ThomsonReuters

JANUARY 20, 2022

Corporate tax departments get set to take on the new year, and a key challenge is maintaining stability in an environment of continual change and uncertainty. Compliance — Job One is consistently complying with the myriad corporate tax rules in all of the jurisdictions his organization operates in globally.

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PYMNTS

APRIL 12, 2019

Elizabeth Warren announced her vision for a revamped corporate tax law, The Wall Street Journal reported Thursday (April 11), an initiative that could raise $1 trillion over 10 years. Reports said Warren announced her Real Corporate Profits Tax, proposed legislation that would include a 7 percent tax on the largest U.S.

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FusionCPA

NOVEMBER 24, 2020

US corporations are taxed at a rate of 21 percent by the United States government. In 2019, corporate income tax brought in $230.2 In 2017, the Tax Cuts and Jobs Act reduced the corporate tax rate from 35 percent down to its current rate. This is about 6.6 percent of all federal revenue.

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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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PYMNTS

MARCH 13, 2020

Millennial SMB owners are facing these and other concerns in filing their professional taxes, generating a need to eliminate checks from the corporate tax disbursements process, Waseem Daher , founder and CEO of corporate tax and bookkeeping firm Pilot , noted in a recent interview with PYMNTS. “We

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PYMNTS

FEBRUARY 26, 2019

to allow businesses to pay their corporate taxes in bitcoin. JPMorgan Chase ‘s recent announcement of its new JPM Coin , a bank-backed cryptocurrency to deploy in its corporate payment operations, also signaled a major push to apply crypto in corporate payments.

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ThomsonReuters

NOVEMBER 29, 2023

” The good news is that there are proven strategies for tax professionals to effectively navigate this change while achieving their goals and balancing their workloads. One such solution is ONESOURCE Indirect Tax Determination , a global tax determination software that automates tax calculations.

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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.”

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Accounting Today

OCTOBER 12, 2023

The dispute centers on a 2012 IRS audit into transfer pricing, a method used by companies to shift profits to tax havens and avoid the U.S. corporate tax rate.

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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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Accounting Today

OCTOBER 14, 2022

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Accounting Today

JULY 21, 2022

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Withum

APRIL 6, 2021

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Accounting Today

MAY 20, 2022

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CPA Practice

FEBRUARY 2, 2023

The majority of chief tax officers recently surveyed by Big Four firm KPMG said they are turning to some form of outsourcing or cosourcing to help navigate talent and skill shortages in their tax departments.

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Accounting Today

NOVEMBER 18, 2022

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Accounting Today

AUGUST 10, 2022

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Accounting Today

JULY 20, 2022

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Accounting Today

AUGUST 4, 2022

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Accounting Today

SEPTEMBER 30, 2022

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Accounting Today

MAY 18, 2022

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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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SMBAccountant

MARCH 8, 2023

According to Investopedia, tax accounting is “a structure of accounting methods focused on taxes rather than the appearance of public financial statements”. Tax accounting applies to individuals, businesses, and corporations. Tax accountants must use the Internal Revenue Code (IRC) to provide accurate tax returns.

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Going Concern

OCTOBER 5, 2023

The belief that AI can save us from the critical talent shortage was echoed in Thomson Reuters’ 2023 State of Corporate Tax Department report released last month. These changes may be happening quicker than we think, with nearly half (44%) of CFOs set to adopt AI by the end of 2023.

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CPA Practice

MARCH 27, 2023

By Faustine Ngila, Quartz (TNS) Côte d’Ivoire citizens pay the highest income taxes in the world according to this year’s survey findings by World Population Review.

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CPA Practice

SEPTEMBER 5, 2023

Bloomberg Tax and Accounting has launched Compliance Tracker, a workflow tool available on Bloomberg Tax Research that enables tax professionals to automate the cumbersome, time-intensive process of tracking and gathering of federal and state tax deadlines and forms, while providing alerts about approaching and changing filing obligations.

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