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Understanding depreciation and its impact on corporate tax

ThomsonReuters

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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A Closer Look at Your 401(k) Plan

Withum

Now that the ink has dried on your corporate tax return, it is time to consider your next important tax filing. Recently, the requirement that determines when audited financial statements are required changed. Are you protecting this data and ensuring information is being safeguarded?

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Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

File away R&D tax credit and pandemic aid documentation. If your tech company took advantage of R&D tax credits or pandemic aid (e.g., PPP, ERC, EIDL), you could receive a notice to provide certain information long after you’ve closed your figurative doors. File a final corporate tax return.

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Friday Footnotes: Ex-CPA Leaves Clients in the Lurch Before Tax Day; EY Layoffs; More ERC Concerns | 4.12.24

Going Concern

Firms also annually share information such as a list of their public-company audit clients and the addresses of their offices. electric carmaker Tesla, has failed to properly reflect fines in its financial statements and was issued a “qualified opinion” from an accounting firm on April 10. Tesla Korea was subjected to 25.1

CPA 102
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Important Changes to R&D Deductions (Section 174) – FAQ

Shay CPA

If your company receives the R&D Tax Credit, for example, this would mean that those costs will now be capitalized. Founders and their finance teams will need to provide an analysis of their research and experimental expenses (Section 174 Costs) to accurately prepare corporate tax returns. SHAY CPA P.C.

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When is My Form 5500 Due?

Withum

If your plan requires an audit, make sure that you attach a copy of the audited financial statements to your Form 5500 to ensure your filling is complete. 3/15 – Deadline for filing corporate tax returns and contribution deadline for deductibility (without extension).

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The tortured journey of data: How tax technology speeds up tax compliance, provision, and reporting

ThomsonReuters

Data is king in today’s fast-paced world of finance and tax. Yet, for many companies, the journey of data from disparate sources to financial close, tax returns, and reporting can be torturous. This data is often coming from a variety of sources, which can make it difficult to reconcile. Enter intuitive dashboards.