ThomsonReuters

JANUARY 21, 2022

It’s a new year and that means new tax laws and other tax changes. Below are changes that take effect this year, along with other tax planning information. First off, the deadline to file individual tax returns is April 18. May 16, 2022 : Not-for-profit returns for calendar year 2021.

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LyfeAccounting

OCTOBER 29, 2020

?. President Trump vs Biden Tax Plan. With the US presidential election is right around the corner, and since we’re an accounting firm that loves taxes, it’s only right that we make a post discussing President Trump’s Tax Plan vs Former Vice President Joe Biden. A fair tax system should produce similar outcomes.

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MyIRSRelief

APRIL 22, 2024

Compliance with Tax Filings: All tax returns must be filed. The process involves submitting an application to the IRS with a detailed explanation of your financial situation, often with the help of a tax professional. How Can I Resolve Unfiled Tax Returns in Corona, CA? What should I do? What should I do?

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Cherry Bekaert

JULY 14, 2023

In New York for example, partnerships follow personal income tax rules, not the corporate tax rules for apportionment. States also understand that this creates additional compliance burdens for nonresident owners to file tax returns in each jurisdiction.

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ThomsonReuters

OCTOBER 24, 2023

Data is king in today’s fast-paced world of finance and tax. Yet, for many companies, the journey of data from disparate sources to financial close, tax returns, and reporting can be torturous. Tax provision made easier Perhaps the most critical phase of the data journey is tax provision.

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Ronika Khanna CPA,CA

DECEMBER 2, 2022

Alternatively, some shareholders also take dividends in addition to a salary depending on their tax planning strategy. The information required is very similar to the T5. This RL-3 guide gives you information on how to complete the dividend declaration. do you need a T5 Summary? For 2022, this is date falls on a Tuesday.

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ThomsonReuters

APRIL 12, 2021

You must access and share up-to-date regulatory information in every jurisdiction where your organization operates while automating critical tax preparation processes. Automatically transfer taxable income calculated for US corporation income tax returns to serve as a starting point for computing foreign tax credits.

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xendoo

AUGUST 2, 2023

Filing articles of organization with information such as the LLC’s name, purpose, address, duration, management structure, and members. Paying taxes and fees based on the state requirements. This way you avoid double taxation (where the corporation and shareholders pay tax on the same income). The post LLC vs.

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xendoo

AUGUST 2, 2023

Filing articles of organization with information such as the LLC’s name, purpose, address, duration, management structure, and members. Paying taxes and fees based on the state requirements. This way you avoid double taxation (where the corporation and shareholders pay tax on the same income). The post LLC vs.

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Inform Accounting

APRIL 28, 2022

However, there are tax consequences if the loan remains outstanding nine months and one day after the end of the accounting period in which it was made. Rate of ‘Section 455’ tax. Section 455 tax is aligned with the dividend upper rate. Need tax planning support? Taxing cryptoassets: what you need to know.

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LyfeAccounting

NOVEMBER 4, 2020

Form Schedule C is not actually a separate business tax return. Instead, it is a form that is attached to your personal tax return. The reason why it has the same due date as personal tax returns, April 15th. In addition, there would be an approximate 15% self-employment tax due on your business profits.

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ThomsonReuters

DECEMBER 17, 2021

The Global Minimum Tax is the latest initiative spinning off of the Base Erosion and Profit Shifting (BEPS) initiative from the Organisation for Economic Co-operation and Development (OECD). This international alignment on corporate taxation will come with unprecedented global transparency and reporting requirements,” she said. “It

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ThomsonReuters

MARCH 2, 2021

With the right tax data software, your tax department can save money by automating and standardizing processes across the organization and enhancing accuracy and timeliness. You can liberate your tax professionals for more strategic work that adds value to the business. Entering a New Era: The Future of Corporate Tax Management.

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LyfeAccounting

NOVEMBER 9, 2020

In this post, I’m going to explain all of the tax benefits related to LLCs. Lastly, although I am a licensed CPA, the information in this post is solely for informational purposes only. If your tax rate is 25%, then you would only pay $25,000.00 in taxes as a LLC. Tax Benefit #3: Tax Write-Offs.

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ThomsonReuters

APRIL 13, 2023

Tax reform is seen by senior tax professionals as the number one challenge their departments are facing today, according to the 2022 Thomson Reuters State of the Corporate Tax Department report. GMT is a good example of the tremendous challenge reform can present for international tax planning.

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