Remove corporation tax Remove tax planning Remove tax return Remove white paper
article thumbnail

Exploring key 2024 tax bill proposals

ThomsonReuters

Under this act, if a corporation’s CEO or highest-paid employee’s compensation exceeds 50 times the median worker’s pay, the corporate tax rate would be increased by a penalty determined by the legislation. Firms must prepare for potential shifts in tax liabilities and advise clients accordingly.

Tax 110
article thumbnail

The tortured journey of data: How tax technology speeds up tax compliance, provision, and reporting

ThomsonReuters

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. The time to act is now.