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How to Plan for Global Tax Minimization

Cherry Bekaert

Expanding business operations globally allows companies access to new markets, more efficient manufacturing options, new technologies, a larger workforce and new sources of inventory. Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities. income tax return.

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Guidance on Filing the RL1 Summary and CNESST Salary Declarations

Ronika Khanna CPA,CA

Quebec Income Tax Box 10 (Impot du Quebec) is the amount of income taxes deducted from employee's paycheques Health Services Fund (FSS) Box 28 This represents the gross payroll and is generally only required if the corporation is in the primary and manufacturing sectors as there is a reduced rate for these types of business.

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Tax Strategies for Selling an S Corporation: Planning for an Asset Sale

CTP

Since the sale has already occurred, these are taxed at ordinary income tax—a rate that taxpayers likely want to avoid since it can be as high as 37%. The business may also have fixed assets, such as manufacturing equipment, furniture, vehicles, or other tangible assets.

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Selling an S Corporation: How to Maximize Tax Savings in an Asset Sale

CTP

Since the sale has already occurred, these are taxed at an ordinary income tax rate, which taxpayers likely want to avoid since it can be as high as 37%. The business may also have fixed assets, such as manufacturing equipment, furniture, vehicles, or other tangible assets.

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Friday Footnotes: Ex-Deloitte Partner Stole Military Documents on His Way Out; KPMG Reveals Its Partnership Deed | 7.21.23

Going Concern

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.

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How are C corporations taxed? Tips on how to avoid double taxation and reduce taxes

ThomsonReuters

Jump to: How are C corporations taxed? When are C corp taxes due? How do C corps file taxes? How can C corporations reduce their taxes? But what does that mean for your taxes? How are C corporations taxed? How do C corps file taxes? Corporation Income Tax Return.

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Direct vs. indirect tax: the differences

ThomsonReuters

The differences between direct tax and indirect tax are important to understand. Direct tax is paid directly by the taxpayer to the government and cannot be shifted, like federal income tax. In contrast, indirect tax, such as business property taxes, can be passed on or shifted to others.

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