Withum

APRIL 14, 2025

Simpler Compliance: There are fewer formalities compared to corporations, such as no requirement for a board of directors or annual meetings. Pass-Through Taxation: Profits and losses can be passed through to the member’s personal tax returns, avoiding double taxation.

tax return 80

tax return corporation tax payroll income tax 80

Going Concern

SEPTEMBER 14, 2023

This morning, Thomson Reuters released new research that reveals both corporate tax and global trade departments state they are under-resourced for technology and talent. From the press release : The 2023 State of Corporate Tax Department report highlights under-resourced tax departments are more likely to face audits and penalties.

corporation tax 116

corporation tax Technology Tax audit 116

ThomsonReuters

AUGUST 25, 2023

Jump to: How does depreciation affect corporation taxes? Accelerated depreciation for corporations How does depreciation work in an S corporation? What is the depreciation guidance for corporate alternative minimum tax? In short, depreciation can result in a reduction in corporate taxes.

corporation tax 98

corporation tax Tax income tax financial statements 98

ThomsonReuters

NOVEMBER 2, 2021

As a corporate tax professional, you know the complexities of complying with business taxation requirements. Your company may have to file corporate tax returns in multiple states and local jurisdictions, as well as with federal — and perhaps international — tax authorities. is a C corporation.

tax return 59

tax return corporation tax income tax Tax 59

Accounting Today

JUNE 9, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email Tax management platform Instead launched artificial intelligence-driven tax reports, harnessing AI to analyze full tax returns to glean tax strategies and missed opportunities. All rights reserved.

Tax 52

Tax Technology tax return tax preparation 52

DuctTapeMarketing

JULY 14, 2018

They’ll partner you with a dedicated accounting team and provide three simple monthly rates that include your bookkeeping, sales tax, planning support, corporate tax return, and unlimited access to your dedicated CPA team. Xendoo is an online accounting and bookkeeping service dedicated to small business owners.

bookkeeping 238

bookkeeping accounting and finance accounting software accounts payable 238

ThomsonReuters

FEBRUARY 22, 2024

It is inevitable that in the next few years, it will impact – and even transform – how corporate tax professionals go about their work. So, what are the key aspects of AI that are likely to affect the world of corporate tax? Here are the top five AI terms corporate tax professionals need to know: 1.

corporation tax 93

corporation tax Tax Technology audit 93

PYMNTS

JANUARY 10, 2018

Stripe has announced an addition to its Stripe Atlas toolkit that will help founders file their corporate tax returns in minutes. This new tool can be especially important for resource-strapped startups, which often have difficulty with the tax process even with the help of an adviser.

tax return 67

tax return Tax Delaware corporation tax 67

Accounting Today

JUNE 5, 2025

CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return. For a decade, he did not file federal income tax returns nor pay taxes owed despite earning more than $7.7 Philadelphia: Tax preparer James J.

Tax 59

Tax tax preparation North Carolina tax return 59

Withum

AUGUST 25, 2022

On August 24, 2022, the IRS issued Notice 2022-36 to announce broad-based penalty relief for certain failure to file penalties with respect to tax returns for taxable years 2019 and 2020 as long as they are filed by September 30, 2022. Penalties under §6698(a)(1) & (2) for form 1065 (partnership tax returns).

tax return 128

tax return corporation tax Tax tax services 128

ThomsonReuters

JUNE 4, 2025

The global tax landscape is undergoing a significant transformation with Pillar Two, presenting substantial challenges for corporate tax professionals. Navigating these new international tax rules demands more than just diligence; it requires sophisticated technology.

Tax 59

Tax Technology corporation tax general ledger 59

Canopy Accounting

SEPTEMBER 29, 2023

Corporation Income Tax Return, plays a crucial role in the world of taxation for corporations. In this blogpost, we will explore the key aspects of Form 1120 and its significance in filing corporate taxes. Form 1120, the U.S.

income tax 59

income tax tax return Tax corporation tax 59

SMBAccountant

MARCH 8, 2023

According to Investopedia, tax accounting is “a structure of accounting methods focused on taxes rather than the appearance of public financial statements”. Tax accounting applies to individuals, businesses, and corporations. Tax accountants must use the Internal Revenue Code (IRC) to provide accurate tax returns.

tax accountant 130

tax accountant Tax Account accounted 130

Withum

JANUARY 13, 2022

Now that these programs are expiring it is time to report all these funds on taxpayer’s 2021 business tax returns. This article will serve as a cheat sheet to taxpayers and practitioners to properly report COVID-19 relief funds on their 2021 tax returns. PPP EIDL ERC FFCRA SVOG R R F. Paycheck Protection Program (PPP).

Tax 126

Tax tax return income tax corporation tax 126

xendoo

JANUARY 25, 2021

S Corporation Tax Filing. for a calendar tax year). March 15 Submit Form 1120S Income Tax Return. Partnership Tax Filing. for a calendar tax year). March 15 Submit Form 1065 Income Tax Return. C Corporation Tax Filing. for a calendar tax year). Individual Tax Filing.

Tax 98

Tax income tax tax return corporation tax 98

Accounting Today

JUNE 9, 2025

By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities. All rights reserved.

auditor 52

auditor audit Technology tax preparation 52

ThomsonReuters

DECEMBER 29, 2022

Companies are facing an ever-increasing burden of corporate tax compliance and the pace of complexities shows no sign of slowing. Helping companies ensure compliance by outsourcing for business processes represents a growth opportunity for today’s tax and accounting firms. . “ Find the right corporate tax solution.

corporation tax 59

corporation tax Tax income tax Technology 59

ThomsonReuters

JUNE 26, 2024

Businesses must innovate and adapt to the changing indirect tax landscape to stay competitive. Corporate tax departments are using technology increasingly as a strategic partner to address these issues. The 2023 State of the Corporate Tax Department study describes this shift as going from a reactive to a proactive state.

corporation tax 59

corporation tax Technology Tax E-commerce 59

Withum

APRIL 24, 2025

Flexibility: Easier to form and manage compared to corporations. Tax Benefits: Pass-through taxation avoids double taxation. Example: A large law firm operates as a PC to take advantage of corporate tax benefits and limited liability, while adhering to state regulations for professional corporations.

corporation tax 52

corporation tax Legal Tax tax return 52

TaxConnex

APRIL 6, 2021

Use tax remittances are paid by the purchaser to Nebraska using one of two returns. Businesses with sales tax permits may use Nebraska and Local Sales and Use Tax Return, Form?10 10 to report use tax. Individuals may report their use tax liability using Nebraska and Local Individual Use Tax Return, Form 3.

West Virginia 147

West Virginia Sales Nebraska Alaska 147

Accounting Today

JUNE 9, 2025

By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities. All rights reserved.

Technology 52

Technology cpa firm audit tax preparation 52

Inform Accounting

JANUARY 7, 2024

If you have a company that is dormant and you have filed your company tax return showing that no tax is due, you may think that there is nothing further you need to do as regards the lack of corporation tax due. After all, you have filed a return which shows that you have nothing to pay.

corporation tax 52

corporation tax Tax tax return 52

MyIRSRelief

MAY 19, 2023

In these situations, seeking professional tax help in New York can make a significant difference in resolving your tax problems and avoiding legal and financial consequences. Contact us for tax help today. Back Taxes Back taxes refer to unpaid taxes from previous years, which can accumulate interest and penalties over time.

New York 147

New York payroll tax payroll audit 147

Ronika Khanna CPA,CA

JUNE 7, 2024

If you are registered in Quebec, you are also required to file QST Returns. Sales tax returns reflect the amounts charged on products and services, which are collected on behalf of the government. The administration and tax filings is significantly less onerous than for payroll, however, there are other drawbacks.

Tax 98

Tax corporation tax tax return payroll 98

SkagitCountyTaxServices

FEBRUARY 27, 2025

Your business income flows directly onto your personal tax return. Sureuntil self-employment taxes hit. Not all businesses qualify for S corp status, and some states have their own rules and taxes, so make sure you check the specifics before making the switch. This is the simplest setup. Easy, right?

tax return 77

tax return Tax Healthcare corporation tax 77

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. Other deadlines are: January 17, 2022 : 4th quarter 2021 estimated tax payment due.

Tax 111

Tax tax return corporation tax tax planning 111

Ronika Khanna CPA,CA

APRIL 26, 2024

Business tax instalment payments (including GST-QST instalments ) This means that instead of entering the data on the forms that are available via my business account at CRA and RQ and then going to your bank to make payment, either online or via mail, it can all be done at one time through one form that serves as both tax filing and payment.

corporation tax 80

corporation tax payroll Tax Sales 80

Accounting Today

JUNE 6, 2025

The upgraded income tax return solution now includes enhanced client onboarding workflows that allow firms to create multiple engagements in bulk to accelerate onboarding. All rights reserved. The new AI document assistant transforms lengthy documents into actionable insights by extracting key details.

Technology 52

Technology audit E-commerce tax preparation 52

Going Concern

DECEMBER 2, 2022

What are we going to do, bring in the National Guard to do corporate tax returns? Remember that History Channel show Life After People ? We might need to start thinking about Life After Accountants. The post Accounting Firms Are Embarrassing Themselves on the Talent Dating Market appeared first on Going Concern.

accounting firms 116

accounting firms Account accounted accountant 116

CPA Practice

OCTOBER 14, 2024

The accounting talent shortage is now at a crisis level within the tax and finance functions, as 70% of CFOs and corporate tax executives say they’re feeling the impact of fewer accountants entering the profession while senior cohorts retire, according to the 2024 EY Tax and Finance Operations Survey. In the U.S.,

Finance 111

Finance Tax accounting and finance corporation tax 111

CapataCPA

APRIL 2, 2025

For clients whose tax documentation has not yet been submitted, our team will be filing IRS Form 7004 by the original due date of April 15, 2025 , automatically extending the filing period.

tax return 40

tax return California Tax tax preparation 40

CPA Practice

APRIL 5, 2024

(TNS) A Kennewick tax preparer cost the United States $42 million in lost tax revenue between 2017 and 2020 after filing tax returns that were riddled with errors, fabrications and fraudulent entries, alleges the Department of Justice. The Department of Justice filed a civil complaint in Eastern Washington District U.S.

tax return 103

tax return Tax tax preparation income tax 103

Withum

DECEMBER 4, 2024

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.

Tax 105

Tax income tax Construction Non-Profits 105

Wellers Accounting

FEBRUARY 22, 2022

Beth Whitmore FCCA explains exactly what corporation tax means for your business and the reliefs and allowances you need to explore.

corporation tax 52

corporation tax Tax tax return 52

xendoo

JANUARY 12, 2022

These businesses can also file for a tax extension, and this extension must also be received by April 18. Once your extension is approved, your new tax deadline becomes October 17, 2022. It’s important to remember that your tax return must be at least postmarked by the due date. This date, of course, assumes you’re ready.

business tax 98

business tax Tax tax return tax preparation 98

ThomsonReuters

MARCH 4, 2024

Preparers have the following perfection periods to correct and retransmit tax returns or extensions that were filed on time but were rejected by the filing deadline. The IRS considers returns that are resubmitted electronically during the applicable timeframe as timely-filed returns.

tax return 98

tax return corporation tax Tax Account 98

Xero

JUNE 18, 2023

We’ve also included a Capital Gains report to show breakdown of disposals for Capital Gains Tax.

tax return 111

tax return Tax corporation tax bookkeeping 111