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What are APIs and how can they streamline tax provision calculations?

ThomsonReuters

Tax teams prepare tax provisions by gathering data, performing calculations, and entering the results into forms. However, corporate tax teams find it difficult to automate this process. appeared first on Tax & Accounting Blog Posts by Thomson Reuters. What are APIs and how do they work?

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Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

File a final corporate tax return. You’re not filing just another tax return here. You need to figure out the protocol to file a FINAL return with both the IRS and any state tax authorities where you conduct business. . General ledgers. Store all of this information somewhere secure and easy to access.

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How Much Is a Tax Consultant?

xendoo

If they work for a company, they may record journal entries, prepare financial statements, or reconcile general ledger accounts. What Qualifications Does a Tax Advisor Have? At a minimum, a tax advisor has usually obtained an undergraduate degree, typically in accounting or finance. Helping to Mitigate Business Taxes.

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Why and How to Transition from a Sole Proprietorship to a Corporation

Ronika Khanna CPA,CA

Alternatively, a customer or client might only do business with a corporation. tax optimization If your business is doing well, you might want to leave money in the corporation or have some flexibility in how you pay yourself i.e. salary vs dividends so that you can better optimize your taxes through tax deferral opportunities.

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What triggers a sales tax audit and how do you reduce the risks?

ThomsonReuters

Providing well-organized documents that are easy to understand (invoices, exemption and resale certificates, summary reports, tax returns, etc.) Be prepared to produce additional financial documents, including general ledgers and sales journals. How can you help your tax department? can help ensure a smooth process.

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