Accounting Today

JUNE 12, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns. The tax loss totaled $356,881. All rights reserved.

Tax

ThomsonReuters

MAY 1, 2025

94% of tax professionals express optimism about the potential of new technologies. 94% of tax professionals express optimism about the potential of new technologies. The latest Thomson Reuters Corporate Tax Department Technology Report reveals that 42% of tax departments are actively exploring AI solutions.

corporation tax

ThomsonReuters

OCTOBER 31, 2024

Jump to ↓ The current tax landscape Democratic and Republican Party tax plans Strategic planning amidst tax uncertainty In today’s dynamic political and economic environment, understanding the intricacies of tax policy has become more crucial than ever. election promises further potential shifts.

Tax

ThomsonReuters

JULY 23, 2025

Without it, companies and departments struggle, sclerosis sets in, and adapting to change becomes increasingly difficult. For indirect tax (IDT) teams, a lack of agility typically manifests as an increasingly frustrating awareness that the inefficient methods and processes of the past are no longer sufficient to meet the demands of the future.

Technology

Withum

APRIL 14, 2025

Limited Liability Company (LLC) An LLC is a hybrid structure that combines the simplicity of a sole proprietorship or partnership with the liability protection of a corporation. Pros Flexibility: LLCs can choose to be taxed as a sole proprietorship, partnership, S Corporation, or C Corporation. citizens or residents.

tax return

Withum

DECEMBER 4, 2024

The corporate tax rate is currently a flat 21% rate. There is also a 15% corporate alternative minimum tax (CAMT) based on book income for companies with average annual adjusted financial statement income exceeding $1 billion. Please work with your tax advisor for future planning.

Tax

Menzies

OCTOBER 30, 2024

7 Key Pillars The government has unveiled 7 key pillars to its growth mission, the most relevant of which for manufacturers are expected to be: Investment, Infrastructure and Planning – higher public and private investment in infrastructure is likely to create opportunities in the manufacturing sector. per hour for all eligible workers.

Manufacturing

Accounting Today

JULY 18, 2025

Bloomberg announces new features for AI Assistant Bloomberg Tax and Accounting announced a bevy of new features for its AI Assistant. This is on top of the tax content it already draws upon, such as Bloomberg Tax Portfolios. This is on top of the tax content it already draws upon, such as Bloomberg Tax Portfolios.

Technology

Accounting Today

JUNE 13, 2025

TaxPlanIQ adds new features Pavel Bolotov/pashabo - stock.adobe.com Tax planning solutions provider TaxPlanIQ rolled out several new features. Instead launches tax reports feature Valery Kachaev Tax management platform Instead launched an AI-driven tax reports feature. All rights reserved.

Technology

ThomsonReuters

NOVEMBER 8, 2024

ESG’s importance—and data demands—are growing In today’s business world, a corporation’s reputation (to say nothing of its stock price) is increasingly tied to its ability to meet various ESG targets—some self-imposed and others required by law.

Technology

Accounting Today

JUNE 17, 2025

EDT 3 Min Read Facebook Twitter LinkedIn Email Private equity in the profession; green cards and exit taxes; governance for preparers; and other highlights from our favorite tax bloggers. Tax Foundation ( [link] ): Illinois policymakers should think twice before taxing GILTI. Tax Review Board.

E-commerce

ThomsonReuters

NOVEMBER 25, 2024

In 2025, the European Union’s Corporate Sustainability Reporting Directive (CSRD) goes into effect—legislation that includes a long list of compulsory disclosure requirements related to corporate governance and sustainability. What is ESG due diligence?

Government

Accounting Today

AUGUST 1, 2025

Karbon, Ignition, SmartVault launch Intuit ProConnect Ecosystem for Tax Firms Gaj Rudolf/Gajus - stock.adobe.com Karbon , a practice management platform for accounting firms, announced a strategic partnership with Ignition , an automation platform for recurring revenue and billing, and SmartVault , a document management and client portal.

Technology

Accounting Today

JUNE 19, 2025

EDT 5 Min Read Facebook Twitter LinkedIn Email Seeking shelter; please be Gentle; where the heart is; and other highlights of recent tax cases. Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. million in taxes on income he earned from his business.

Tax

ThomsonReuters

JANUARY 9, 2025

The extensive reliance on manual spreadsheets and inconsistent policies, coupled with data fragmentation from a lack of standardization and centralization, increases the complexity of corporate governance processes. Mistakes in tax calculations, audits, fines, and penalties can all lead to revenue losses.

Technology

Accounting Today

JUNE 20, 2025

Taxfyle rolls out TXF Intelligence for smaller practitioners Tax solutions provider Taxfyle announced the release of its new TXF Intelligence product, a generative AI tool built to automate and streamline tax return preparation for small tax and accounting firms in the U.S. All rights reserved.

Technology

CTP

MARCH 17, 2025

Partnerships are pass-through entities, so they are not subject to corporate income tax. Instead, they pass the profits onto the owners who then pay personal income tax based on their tax bracketsa setup that can provide significant tax advantages to these owners. No gain means no tax!

Tax

Accounting Today

JULY 16, 2025

Incumbent accounting firms can do this — they understand the problems and opportunities better than new entrants — but may not have the governance or incentive systems in place to allow adequate experimentation. All rights reserved.

Technology

ThomsonReuters

DECEMBER 17, 2024

Blog home Companies on the fence about investing in Environmental, Social, and Governance (ESG) initiatives typically want to know three important things: Will the investment return value to shareholders in the long run? Where will the supposed cost savings and efficiencies gained from ESG investment come from?

Government

ThomsonReuters

MAY 21, 2025

Europe, in particular, is advancing with initiatives like the value-added tax (VAT) in the digital age (ViDA) , which aims to modernize VAT systems to align with the digital economy. It automatically formats documents to meet government requirements, streamlining compliance and reducing risk.

corporation tax

CTP

MARCH 17, 2025

New entrepreneurs may instinctively view them as too complicated, and even if tax professionals are familiar with the benefits, they may not feel well-versed enough to know when to recommend a partnership structure to their clients. Just like the more popular S corporation, partnerships are pass-through businesses.

Tax

Accounting Today

JUNE 23, 2025

The GASB periodically issues new and updated guidance to assist state and local governments in applying generally accepted accounting principles to specific facts and circumstances they encounter. All rights reserved. Paige Hagy Reporter twitter mailto linkedin For reprint and licensing requests for this article, click here.

accounting standards

ThomsonReuters

NOVEMBER 1, 2024

← Blog home Global indirect tax and e-invoicing compliance is more critical than ever, with corporations needing to navigate a complex web of regulations and mandates. Given these potential pitfalls, ensuring a robust and adaptable tax compliance strategy is essential for maintaining a competitive edge.

Tax

Accounting Today

JUNE 6, 2025

The company also announced new tax workflows and features. All rights reserved. Avalara launches APIs for 1099, W-9 solutions Scott McFarlane, chief executive officer of Avalara Inc.,

Technology

Accounting Today

JUNE 6, 2025

governing board; John Kmetz and Rob Pruitt to vice chairs of the global network board; and four new national sector leaders: Aprille Bell in infrastructure; Lindsay Conley in consumer and logistics; Jason Myers in real estate; and Bryan Wright in manufacturing. All rights reserved.

New Jersey

Accounting Today

JUNE 17, 2025

KPMG said clients can maintain full control of how their data is stored and processed and manage diverse risk and governance needs, helping them to meet local and global regulatory requirements. All rights reserved. The capabilities are available internally to KPMG professionals and are also available to deploy for clients.

Technology

ThomsonReuters

FEBRUARY 28, 2025

As discussed in my previous post, tax reform is a complex jigsaw puzzle where various groups compete to be heard. The influence of special interest groups on tax reform As you can imagine, special interest groups play a significant role in shaping tax reform. Despite these efforts, Congress ultimately emerged victorious.

Tax

Accounting Today

JULY 22, 2025

EDT 4 Min Read Facebook Twitter LinkedIn Email E-comm challenges; advising on biz sales; the IRS and math errors; and other highlights from our favorite tax bloggers. Answer unclear; ask again later Taxbuzz ( [link] ): So is Social Security tax-free under the One Big Beautiful Bill Act? corporate taxpayers. corporate taxpayers.

E-commerce

Accounting Today

JUNE 9, 2025

The offer on display from smart money is tempting — access to liquidity much sooner, with better tax treatment, and the chance for "multiple bites at the apple," with resources to fuel future value creation. All rights reserved.

Account

Accounting Insight

APRIL 30, 2025

Where businesses are based largely determines how they are taxed. However, in recent years, the concurrent globalisation and digitalisation of the economy have complicated this approach to taxing large multinational enterprises (MNEs).

Tax

ThomsonReuters

APRIL 14, 2025

Blog home Imagine a world where mastering taxes becomes your company’s secret weapon for boosting total revenue. Thomson Reuters and CERTifyTax are leading this change by providing an automated solution that simplifies exemption certificate management (ECM), elevates the entire tax function, and positively impacts the bottom line.

Tax

ThomsonReuters

APRIL 15, 2025

From compiling tax returns, to compliance reporting, to providing visibility over the impact of liabilities on business operations, having up-to-date, complete and accurate data at your fingertips is vital. In todays data-driven age, organizations cannot afford to manage their data in a purely reactive, much less chaotic, way.

Technology

Accounting Today

JUNE 9, 2025

The tax agency was able to make it through the spring filing season with service levels that were relatively consistent with previous years — but that may not be true in the fall, Koziel warned, as retirements and layoffs that were delayed to help the service make it through April 15 have gone into effect. All rights reserved.

Account

ThomsonReuters

MARCH 10, 2025

Faraz Hussain , a partner in Deloitte Tax LLPs tax technology consulting practice, explains that the shift to automated tax processes has not necessarily made the job of corporate tax compliance any easierit has simply made it possible for companies and tax authorities to share information more efficiently.

Tax

ThomsonReuters

MAY 20, 2025

Jump to Redefining indirect tax Cloud solutions for tax professionals Edge computing Future-forward operations with edge computing Indirect tax professionals have a career-shifting opportunity So how do you get there? Redefining indirect tax You know process improvement is a reality. million in penalties and interest.

Technology

Going Concern

OCTOBER 25, 2024

Regulator clears four of nine PwC tax agents over leaks scandal [ Australian Financial Review ] The tax agents’ regulator has cleared four of the nine former PwC tax agents it was investigating in the firm’s tax leaks scandal, with five other investigations expected to be finished by the end of the year.

accounting and finance

ThomsonReuters

NOVEMBER 19, 2024

← Blog home The emergence of new trends now has serious implications for medical technology (MedTech) companies and their ability to maintain compliance with indirect tax (IDT) rules and regulations. Corporate tax departments also must contend with limited resources, including budget constraints and a shortage of skilled professionals.

Technology