PYMNTS

FEBRUARY 21, 2019

s Housing, Communities and Local Government Committee is calling on internet retailers to pay higher taxes to help struggling offline retailers in the country’s shopping districts. government agency called out Amazon , Asos and Boohoo Group , arguing they should pay more taxes since traditional retailers are losing business to them.

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ThomsonReuters

DECEMBER 22, 2023

As emerging technologies continue to reshape industries, tax departments are not exempt from the transformative power of innovation. In this era of rapid change, corporate tax professionals must stay ahead of the curve and leverage the latest tools and strategies to navigate the complex landscape of tax compliance.

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ThomsonReuters

AUGUST 2, 2023

As the Organization for Economic Co-Operation and Development’s (OECD) ground-breaking Base Erosion Profit Shifting (BEPS) framework for taxing the digital economy is being implemented, countries around the globe are beginning to roll out the second of the OECD’s two BEPS pillars—Pillar 2.0. Discussions are ongoing.

corporation tax 98

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CPA Practice

APRIL 5, 2024

The IRS is identifying his customers, determining their correct tax liabilities, pursuing refunds that were erroneously issued and collecting additional taxes and penalties, according to a court document. government fees and payments he received from customers for whom he prepared tax returns with false or fraudulent claims.

tax return 103

tax return Tax tax preparation income tax 103

Inform Accounting

JUNE 27, 2022

Late payment interest is payable on late tax bills covering income tax, National Insurance contributions, capital gain tax, stamp duty land tax, stamp duty and stamp duty reserve tax. The corporation tax pay and file rate also increases to 3.75%. Remember to declare COVID-19 grants on your tax return.

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Tax corporation tax income tax tax return 52

ThomsonReuters

FEBRUARY 20, 2024

International GAAR rules Keeping up with tax avoidance regulation Abusive tax planning is not just a concern among U.S. tax authorities, it is a global concern. Governments around the world have long taken steps to crack down on tax evasion, such as using general anti-avoidance rules, better known as GAAR.

income tax 52

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Menzies

NOVEMBER 9, 2023

CIS The UK Construction Industry Scheme (CIS) has been operating for many years, and back in April, the government launched a consultation on reform to remove a number of longstanding irritations for those companies who have to make CIS returns. It is hoped that there will be an update on the progress of removing these will be announced.

chartered accountant 59

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Inform Accounting

SEPTEMBER 23, 2022

The Government has set an ambitious target to achieve a trend rate of growth of 2.5%, achieved by tax incentives to encourage investment in the UK. The Government was criticised in the lead up to today’s announcement for not allowing the Office for Budget Responsibility (OBR) to release forecasts with the mini budget.

income tax 52

income tax corporation tax Tax Government 52

ThomsonReuters

NOVEMBER 16, 2023

In the second installment of our three-part series on e-invoicing, we will explore how e-invoicing and continuous transaction control (CTC) regulations impact tax compliance, and examine some of the challenges and considerations that corporate tax teams may encounter.

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CPA Practice

NOVEMBER 13, 2023

Founded in 2001 by Managing Partner Dennis Szymkowiak, the firm bearing his name focuses on tax, assurance, and advisory services for closely held and private equity-owned companies, high-net-worth individuals, and family offices. The firm also provides outsourced corporate tax and accounting advisory services.

CPA 110

CPA tax consultant auditor audit 110

ThomsonReuters

FEBRUARY 6, 2024

Where tax professionals provide value to their clients by keeping current on changes and updates to taxes and helping resolve complex tax calculations that arise from cross-border or interstate transactions. What is indirect tax? An indirect tax is a tax passed off by the government on goods and services.

Tax 52

Tax income tax Manufacturing corporation tax 52

Going Concern

JULY 6, 2023

When PwC Australia CEO Tom Seymour stepped down in May after it was confirmed he’d received tainted emails containing confidential government tax intel leaked by former partner Peter Collins, it seems the firm hoped sacrificing him was enough to settle the matter and move on. Spoiler: it was not. For posterity, natch.

Tax 81

Tax corporation tax Government Legal 81

CPA Practice

JANUARY 5, 2024

In exchange for those payments, Lewis’ co-conspirator, who was a member of a selection committee responsible for awarding government contracts to perform auditing services for USBR programs, steered an audit contract to L.L.

CPA 52

CPA Nevada Tax tax return 52

Menzies

FEBRUARY 13, 2024

Corporation Tax A reduction in the headline rate of corporation tax to support UK business in a challenging economic climate. would like to see an increase in the nil rate band and the government may make some commitments to reform and reduce IHT if they win the election (an election promise).

Manufacturing 52

Manufacturing corporation tax chartered accountant Tax 52

ThomsonReuters

FEBRUARY 6, 2024

Examples of direct tax Understanding tax provision Understanding state apportionment Differences between direct and indirect taxes When a taxpayer must pay taxes directly to the government, meaning the taxes cannot be shifted to other entities or individuals, it is known as direct tax.

Tax 52

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CPA Practice

AUGUST 22, 2023

Key industry findings from the report: Tax and Accounting Professionals: Freeing up time to deliver more value: Productivity is the highest priority for tax and accounting firms (59%), while internal efficiency (75%) tops the list in corporate tax and accounting departments. To access the full report, visit [link]

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ThomsonReuters

MARCH 28, 2023

The main goal of compliance is of course to ensure all taxes are reported in accordance with the relevant regulations, accurately, and on time. However, with governments around the world rolling out new requirements for E-invoicing, real-time reporting, and other data-intensive tax initiatives, compliance is becoming increasingly complex.

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Tax Technology corporation tax Government 59

ThomsonReuters

JUNE 22, 2021

Indirect tax specialists in North America and Europe expect to see more digitized tax filing and real-time remittance requirements in the next two years — and they lack the technology and operational processes to meet these demands. That’s a key finding from the 2021 State of the Corporate Tax Department report from Thomson Reuters.

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Tax Technology corporation tax California 52

Withum

JANUARY 13, 2022

The COVID-19 pandemic created a vast network of small business relief programs in the form of loans, grants, tax credits and direct payments. Now that these programs are expiring it is time to report all these funds on taxpayer’s 2021 business tax returns. A3: SVOG funds are recorded as tax-free grant income on the income statement.

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Tax tax return income tax corporation tax 126

Menzies

SEPTEMBER 2, 2022

The government has extended the availability of 100% first year allowances on the acquisition of cars, zero-emissions goods vehicles and equipment. Menzies LLP - A leading chartered accountancy firm. This was due to end in April 2021 and will now come to an end in April 2025.

Tax 52

Tax chartered accountant corporation tax Transportation 52

Xero

MARCH 13, 2024

Holiday entitlements The Government has introduced reforms to simplify holiday entitlement and holiday pay calculations in the Working Time Regulations, for leave years beginning on or after 1 April 2024. Aged 18 to 20 £8.60 Aged under 18 (but above compulsory school leaving age) £6.40 Apprentices aged under 19 £6.40

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Menzies

MARCH 1, 2023

Profits can be left in the company within retained earnings or distributed to the shareholders via dividends, governed by the rights attached to the shares of each shareholder. All profits are subject to income tax during the financial year, regardless of whether a member takes their profit or leaves it within the business.

corporation tax 52

corporation tax income tax chartered accountant Legal 52

CPA Practice

JUNE 1, 2023

BEPS also requires that companies itemize their revenues by country, and as taxation bodies develop more sophisticated models that compare BEPS data with corporate tax return data, there may be an increase in investigations. Further, teams need to adapt to a shifting landscape of rules as the framework evolves over time.

Tax 98

Tax corporation tax Technology accounting and finance 98

TaxConnex

OCTOBER 7, 2021

The growth rate for all Tennessee taxes in August was 22.11 Sales tax revenues and state corporate tax receipts (franchise and excise taxes) both posted substantial growth. In Georgia , tax collections were up 12.7% The gross sales tax take finished 15.9% August revenues were $1.4 billion, $255.8

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PYMNTS

MAY 22, 2020

The government of Dubai is planning to create an $870 million free trade zone for eCommerce named Dubai CommerCity (DCC). DCC merchants will not have to pay income tax or corporate tax and will get support services for immigration, healthcare, administration and banking.

income tax 106

income tax corporation tax Construction Healthcare 106

CPA Practice

MARCH 26, 2024

economy, they also say the government system lacked safeguards and fell prey to widespread theft. Millions of government funds rolled into his bank accounts. government seized his four luxury cars and various pieces of jewelry he bought. She paid him a $34,400 commission with a corporate check, records show.

Real Estate 124

Real Estate Florida payroll Government 124

Menzies

JANUARY 29, 2024

The government has introduced changes to refocus the regime, ensuring that it is more effectively targeted towards profitable SME companies, whilst retaining a positive level of financial support for R&D intensive loss-making companies. per £100 of spending to £46.50.

Tax 59

Tax Non-Profits chartered accountant corporation tax 59

Going Concern

MAY 8, 2023

Tom Seymour has stepped down following a board of partners discussion after it was revealed last week he was one of several partners who received confidential government intel that was then used to advise clients on tax matters. “We Around 12 to 15 non-government participants were involved.

Non-Profits 81

Non-Profits Tax Government corporation tax 81

Accounting Insight

MARCH 31, 2023

Higher interest rates, 11% Access to finance, 9% Ability to hire or retain staff, 7% Whilst inflation is set to fall over the course of the year, SME owners may see other costs rise as Corporation Tax increases to 25%. Fifth on the list of concerns was the ability to hire and retain staff (according to 7% of brokers).

accounting and finance 59

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Simple Accounts

AUGUST 5, 2022

In UAE, most of the goods and services are subject to Value Added Tax. After each tax period, every taxable person in the UAE is supposed to file a VAT return with the Federal Tax Authority (FTA). . The new federal corporate tax on business earnings of 9% on profit would take effect only on June 1, 2023. .

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Tax corporation tax Government Manufacturing 98

ThomsonReuters

AUGUST 30, 2021

For corporate indirect tax specialists this reflects international business as usual – and solidifies the gap between their resources and the work required to meet regulatory requirements everywhere their companies operate around the world. How technologically sophisticated is your indirect tax team? In the U.S.,

Technology 52

Technology Tax corporation tax California 52

Accounting Today

JANUARY 10, 2024

The global 15% minimum tax will deliver a significant boost to government revenues and reshape the landscape for multinationals that shift profits around the world.

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Tax Government corporation tax 114

Inform Accounting

MARCH 21, 2023

On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce inflation, grow the economy and get government debt falling all whilst avoiding a recession and tackling labour shortages. In this blog we set out some of the main tax rates.

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Ronika Khanna CPA,CA

DECEMBER 2, 2022

The T5 dividend slips are generally due by February 28th of the calendar year following the year in which the dividend was paid Although no income taxes are due at the time of filing the T5 slips with the government, interest and penalties apply for late filing. available at Amazon. Preparing the T5 slips is fairly straightforward.

tax return 98

tax return Non-Profits income tax Tax 98

ThomsonReuters

DECEMBER 20, 2020

Both sales tax and VAT are types of indirect tax – a tax collected by the seller who charges the buyer at the time of purchase and then pays or remits the tax to the government on behalf of the buyer. Sales tax and VAT are a common cause of confusion within the corporate tax community.

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Inform Accounting

SEPTEMBER 20, 2022

So what actions can we expect from the government in the next few weeks? Chancellor Kwasi Kwarteng will outline how the government intends to fund the measures to help with the cost-of-living crisis on Friday 23rd September in what is described as a “fiscal event”. Remember to declare COVID-19 grants on your tax return.

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Inform Accounting

MARCH 15, 2023

What was hoped was that the chancellor was going to stop the planned corporation tax rise from 19% to 25% for businesses earning between £50k and £250k in profits. Sadly, this tax rise and all its complications still take effect. Read more of Inform's tax blogs : Struggling to pay tax – What should you do?

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