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7 steps for an accurate and successful corporate tax return filing

ThomsonReuters

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.

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Tax Partner Matters More Than Firm on Business Taxes

CPA Practice

“We asked ourselves why some corporations pay more taxes and some pay less,” said Jaron Wilde, associate professor of accounting. Wilde’s team analyzed more than 94,000 tax returns of U.S. businesses with at least $10 million in assets that used an external tax preparer between 2005 and 2016.

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Sales and Use Tax Updates from March

TaxConnex

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.

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Direct vs. indirect tax: the differences

ThomsonReuters

Here are the main differences between direct and indirect taxes: Direct taxes Levied on people and entities Are typically proportionate to the taxpayer’s income or assets Considered a progressive tax. businesses that are not subject to the corporate income tax because they are taxed as “pass-through” entities.

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate. For example, LLCs that opt for the IRS to tax them as corporations are subject to corporate tax rates.

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2022 Year-End Tax Planning Checklist

Withum

For example, common states where people move to reduce state taxes are Florida, Texas, Wyoming, and Nevada. Contact a member of Withum’s Tax Services Team to start planning as year-end approaches. Year-End Tax Planning for Businesses. The corporate tax rate is currently a flat 21% rate. Energy credits.

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Friday Footnotes: Staffing Disasters; Let’s Rag on EY; A Warning For Tax Practitioners | 4.14.23

Going Concern

Tax season is particularly appealing to threat actors because not only are people busy and under stress, but it is intrinsically tied to financial information. Tax officials worldwide are aligning with an agreement among 130 countries to overhaul global tax rules by setting a 15% minimum corporate tax.

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