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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.

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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.

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Optimizing Law Firm Entity Structures: A Guide for Law Firm Leadership

Withum

Pros: Simplicity: Easy to establish with minimal legal formalities. Tax Benefits: Income is taxed once at the individual level. Flexibility: Easier to form and manage compared to corporations. Tax Benefits: Pass-through taxation avoids double taxation. Tax Benefits: Potential for corporate tax advantages.

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Revolutionizing tax compliance: The power of embedded solutions in ERP systems

ThomsonReuters

Blog home Managing tax obligations in large organizations is a multifaceted challenge that demands precision, efficiency, and a deep understanding of ever-evolving regulations. Highlights: Tax management in large organizations is complex and needs precision.

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Inside GASB's far-reaching agenda

Accounting Today

It mirrors a lot of what the FASBs going concern literature says, which is, are you going to continue to exist as the same legal entity, or are you maybe not, as a result of financial stress? In the government environment, that doesnt always make sense, because governments often legally cant go out of business. All rights reserved.

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

Withum

When starting your food or restaurant business, one of the most important decisions you’ll make is selecting the legal structure for your company. Each type of entityLLC (Limited Liability Company), S Corporation, and C Corporationcomes with its own advantages and disadvantages.

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Streamlining document security and workflow in accounting

Accounting Today

Accountants manage a high volume of sensitive information daily, covering everything from client tax details and payroll reports to audit documentation and financial disclosures. The confidentiality of this information is paramount, not just for legal compliance, but also to maintain client trust and operational integrity.