ThomsonReuters

APRIL 17, 2024

This comprehensive study explores the attitudes, perceptions, and usage of GenAI among professionals in the legal, tax & accounting, risk & fraud, and government sectors. I would not want to be too dependent on it,” said one corporate tax director.

Tax 98

Tax tax preparation tax return Technology 98

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 91

Non-Profits Tax Government corporation tax 91

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. This influx of data from BEPS 2.0

Tax 98

Tax corporation tax Technology accounting and finance 98

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

Tax income tax payroll tax payroll 52

ThomsonReuters

MAY 23, 2023

For example, AI-powered products such as Westlaw and Checkpoint are designed to help legal and accounting professionals do their jobs by giving them faster, easier ways to access and process the information they seek. Canada, and Puerto Rico.

Legal 52

Legal E-commerce Agriculture Tax 52

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.

Sales 119

Sales South Dakota Tax corporation tax 119

inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. The court focuses on business law, with an extensive history of resolving corporate disputes.

Delaware 52

Delaware Nevada Tax Sales 52

Going Concern

AUGUST 30, 2023

The request, received by TIGTA on February 18, 2022 urged TIGTA to “open an inquiry into the revolving door between the country’s top accounting firms and the Federal Government and to inform Congress and the public about [TIGTA’s] findings.” employees moving] between their firms and Government service at the IRS.”

accounting firms 69

accounting firms Account accountant accounted 69

Going Concern

DECEMBER 15, 2023

The survey of corporate tax and auditing professionals, conducted by OnePoll, revealed 83 percent of respondents are aware of AI in their workplace, and 79 percent of those say it’s beneficial to have AI assist them with their job.

audit 107

audit Technology accounting and finance Legal 107

CPA Practice

JANUARY 15, 2024

A notable South Florida developer was convicted in federal court Friday of falsifying paperwork and forging signatures on applications to obtain about $900,000 in government-guaranteed loans under an emergency COVID-19 relief plan for struggling businesses during the pandemic. The verdict was legally inconsistent.”

Real Estate 52

Real Estate Florida Construction Legal 52

inDinero Tax Tips

NOVEMBER 15, 2021

Hiring a tax professional can protect your company from costly errors and ensure you are aware of all your possible deductions. If you are wondering whether legal fees are tax-deductible or need help with miscellaneous itemized deductions , this guide will give you some clarity. . Are Legal Fees Tax Deductible in 2020?

Tax 52

Tax income tax Legal Entertainment 52

ThomsonReuters

MAY 22, 2024

The word “automation” encompasses many things, not just tax calculations and transaction speeds. Indeed, one underrated but essential aspect of automation is the content—the rules and regulations that govern domestic and international taxation—that is incorporated into IDT tax calculations. But Topic Number.

Tax 52

Tax Technology income tax Government 52

ThomsonReuters

NOVEMBER 15, 2021

Corporate tax teams responsible for collecting, managing, and paying indirect taxes face numerous challenges in today’s fractious tax landscape. Indeed, a recent Thomson Reuters Institute report, “Indirect taxes: Much more than just a process,” found that the No.

E-commerce 52

E-commerce Technology Tax corporation tax 52

PYMNTS

SEPTEMBER 28, 2020

Canadian Lawmakers Want Big Tech to Pay for Content, Taxes . 23], the Liberal government put it this way: ‘Web giants are taking Canadians' money while imposing their own priorities.’” CBC reported that “in its throne speech on [Sept. That speech was delivered by Gov. are over.".

Illinois 64

Illinois Nevada Tax Legal 64

ThomsonReuters

AUGUST 26, 2022

Singh, Chief Product Officer for Corporate Tax & Trade at Thomson Reuters, said that companies are asking “What are the changes that I can make, to be better prepared for the future?” At least part of the answer is improving transparency and readiness through data, he added. For decades, however, the laws were loosely policed.

Virginia 97

Virginia corporation tax audit Legal 97

Going Concern

APRIL 12, 2024

billion won in corporate taxes, but its management team recorded the amount as a receivable in its financial statements. Although the initiatives are primarily procedural, an employer’s decision about whether to proceed with or withdraw an ERC claim requires both legal and factual analysis. Tesla Korea was subjected to 25.1

CPA 98

CPA auditor Tax audit 98

CTP

MARCH 30, 2023

A DISC does not pay tax on commission income up to $10 million. IF the DISC distributes money to shareholders, then it is subject to corporate tax. However, it if distributes money to a Roth IRA shareholder, the Roth IRA may invest it tax-free as it can with any other funds. The Sixth Circuit in Summa Holdings, Inc.

income tax 98

income tax Ohio Massachusetts Tax 98

ThomsonReuters

SEPTEMBER 8, 2023

Both C and S corps: Provide limited liability protection for their owners and shareholders, so the business owners’ personal assets are protected against lawsuits and debt collection is leveled at the corporation. Are required to submit tax return filings for business income and profits. What is a C Corporation?

income tax 75

income tax Tax Legal tax return 75

Ronika Khanna CPA,CA

SEPTEMBER 28, 2021

Note that there are no fees to sign up for GST/QST, deductions at source or corporate taxes. You will then have the same rights and obligations as an enterprise that is legally bound to register.

Legal 52

Legal payroll tax return corporation tax 52

Ronika Khanna CPA,CA

FEBRUARY 23, 2023

Accounting, legal and business consulting fees Bank charges and interest on loans, including credit cards, relating to the business Credit card fees paid to merchant service providers on payments from customers. Life insurance premiums are not tax deductible unless the beneficiary is the business. If you have any doubts, then keep it!

Tax 52

Tax tax return business tax income tax 52

Going Concern

JULY 21, 2023

KPMG Rolls Out Generative AI to Tax Pros, Launches Audit Pilot [ Bloomberg Tax ] Inside KPMG, its tax professionals are leaning on generative artificial intelligence to help corporate tax departments prepare for new requirements to disclose their tax obligations by country.

audit 92

audit Tax Manufacturing Government 92

Ronika Khanna CPA,CA

JANUARY 13, 2023

For those of you who are starting a new business, it is essential to know your tax obligations. Every business owner must report their net profits on a either their personal tax return if they are unincorporated or a corporation tax return if they are incorporated. Do you need a new GST/HST number if you incorporate?

tax return 52

tax return income tax Tax Sales 52

Ronika Khanna CPA,CA

NOVEMBER 18, 2022

Once you have decided to establish a new corporation, there are certain best practices that you should implement to ensure that your corporation runs smoothly right from the beginning. Maintain all your incorporation documentation, either physically in a file folder or scan it to accounting/corporate folder on your computer.

payroll 52

payroll accounting and finance Tax accounting system 52

ThomsonReuters

APRIL 8, 2024

However, staying abreast of change and ensuring tax regulatory compliance isn’t always easy, especially in a dynamic and global market. More specifically, the report revealed that well over half (59%) of tax firms cited keeping abreast of tax regulations and legislation as a top priority.

Tax 52

Tax Technology corporation tax Legal 52

inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered The Place to establish your corporate entity. Delaware has more corporate entities than people for a reason. Your very own Delaware corporate tax calendar.

Delaware 64

Delaware Wyoming Nevada Oregon 64

inDinero Tax Tips

MAY 24, 2023

You need to have a clear picture of what you’re spending on your business, not to mention the IRS requires documentation for all business expenses claimed on tax returns. Beyond that, certain industries, such as healthcare or businesses receiving government funding, also have legal documentation requirements.

Tax 52

Tax income tax tax return Legal 52

ThomsonReuters

MAY 12, 2023

Here are some ways technology can be beneficial: (1) Eliminates the need to monitor changes in GMT rules – A GMT solution can monitor changes in the related tax rules across hundreds of jurisdictions and alert tax departments to any changes that may impact their organization’s compliance obligations. (2)

Tax 52

Tax Technology Non-Profits corporation tax 52

CPA Practice

OCTOBER 9, 2023

ONESOURCE E-invoicing brings together the best in global tax compliance and e-invoicing into a single solution. Today, more than 80 countries have mandated e-invoicing or continuous transaction control requirements, and this figure could potentially surge by 2025 as governments prioritize tax reform and real-time reporting.

corporation tax 52

corporation tax Tax Legal Government 52

PYMNTS

SEPTEMBER 5, 2016

billion fine, but the European Commission’s issue is actually with Ireland and whether or not it can offer Apple special tax incentives to run a business there past merely having a lower corporate tax rate. Apple may be soaking the $14.5 According to the European Commission, these companies had no employees or real offices.

Tax 40

Tax Sales Technology Gaming 40

xendoo

AUGUST 9, 2021

Good business bookkeeping is vital for any successful company, both for legal and financial reasons. It is also necessary to meet government regulations and for proper tax preparation. Corporate tax preparation . There are a lot of reasons why business bookkeeping is useful. Financial statements .

bookkeeping 98

bookkeeping bookkeeping services Account accountant 98

xendoo

JANUARY 16, 2023

From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate. For example, LLCs that opt for the IRS to tax them as corporations are subject to corporate tax rates.

business tax 52

business tax Tax income tax payroll tax 52

ThomsonReuters

DECEMBER 11, 2023

The purpose of this series is to help readers gain a better understanding of e-invoicing and CTC, and their impact on corporate tax teams. Also, providing standard pre-built integrations that connect to any government or business network will minimize deployment and maintenance costs.

B2C 59

B2C B2B Start-ups Tax 59

Going Concern

APRIL 14, 2023

Big 4 Wirecard boss threatened ‘legal steps’ against KPMG over special audit [ Financial Times ] Markus Braun tried to woo a senior KPMG partner with an invitation to his luxury ski hut and later threatened to sue the Big Four firm as he tried to water down its special audit into Wirecard, a Munich court has heard.

Tax 102

Tax auditor audit accounting firms 102

ThomsonReuters

DECEMBER 14, 2020

Biden’s corporate tax policy agenda calls for increasing the corporate income tax rate from 21% to 28%, changing the way GILTI is calculated, creating onshoring incentives, and more. Colorado lowered its income tax rate, Arizona passed a high-income surcharge, and Illinois rejected a progressive income tax proposal.

business tax 94

business tax Tax Montana New Hampshire 94