Remove corporation tax Remove Government Remove tax services
article thumbnail

The corporate tax GenAI evolution: Five key tensions your department should address

ThomsonReuters

Highlights: Corporate tax leaders express strong enthusiasm for generative AI but face significant challenges in its effective adoption. A substantial gap exists between corporate tax professionals’ belief in GenAI’s utility and its actual widespread implementation.

article thumbnail

The corporate tax GenAI evolution: Five key tensions your department should address

ThomsonReuters

Highlights: Corporate tax leaders express strong enthusiasm for generative AI but face significant challenges in its effective adoption. A substantial gap exists between corporate tax professionals’ belief in GenAI’s utility and its actual widespread implementation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

LLCs vs. S Corporations vs. C Corporations: Choosing the Right Entity for Your Business

Withum

Cons Restrictions: S Corporations have limits on ownershipno more than 100 shareholders, all of whom must be U.S. Rigid Formalities: Must adhere to strict corporate governance rules, including maintaining a board of directors and holding annual meetings. citizens or residents.

article thumbnail

Tech news: Bloomberg announces new features for AI Assistant

Accounting Today

Deltek rolls out AI agents for government contracting accounting Government contracting solutions provider Deltek announced the latest version of Deltek Costpoint , its ERP for government contractors. Tax services solutions provider Ryan launched an integration with Concur Expense. All rights reserved.

article thumbnail

Tech news: Taxfyle rolls out AI tool for small tax pros

Accounting Today

The collaboration is designed to help customers address two emerging areas: first, the critical need to secure and govern AI agents; and second, the need for insights and contextual support to help teams with decision-making, information discovery and task completion. All rights reserved. By Michael Cohn June 18 Like what you see?

article thumbnail

Tax Fraud Blotter: Negative waves

Accounting Today

Theft of government money provides for up to 10 years in prison, three years of supervised release and a fine of $250,000. By Jeff Stimpson 9h ago Tax IRS spruces up Pre-Filing Agreement program New guidance, step-by-step instructions and useful statistics are now available for large business filers. All rights reserved.

Tax
article thumbnail

Year-End Tax Strategies for Businesses

Withum

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. Unlike section 179, there is no limitation based on the amount of assets placed in services.

Tax