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How to Increase Efficiency in Your Tax Planning Business

CTP

Let’s look at an example: A tax planning business needed a way for customers to call in, get basic information, and connect with the right person who could finalize the sale. Business controls are not limited to financial accountability. Build Out Your Systems. Amplify Your Business Controls.

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How to Increase Efficiency in Your Tax Planning Business

CTP

Let’s look at an example: A tax planning business needed a way for customers to call in, get basic information, and connect with the right person who could finalize the sale. Business controls are not limited to financial accountability. Build Out Your Systems. Amplify Your Business Controls.

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FASB Issues Standard That Enhances Income Tax Disclosures

CPA Practice

The Financial Accounting Standards Board ( FASB ) has issued an Accounting Standards Update (ASU) that addresses requests for improved income tax disclosures from investors, lenders, creditors, and other allocators of capital (collectively, “investors”) that use the financial statements to make capital allocation decisions.

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FASB Sets Out Plan to Improve Income Tax Disclosures

CPA Practice

The Financial Accounting Standards Board released a proposed Accounting Standards Update (ASU) on Wednesday that addresses requests from investors for improved income tax disclosures.

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KROST Welcomes New Principal – Evelyn Fernandez

KROST

Evelyn has over 15 years of experience in the public accounting profession, providing strategic advice and tax planning to her clients. Her expertise includes Foreign Bank and Financial Account (FBAR) reporting, foreign trusts, controlled foreign corporations, and passive foreign investment companies.

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What accounting advisory services should firms offer?

ThomsonReuters

From financial accounting to reporting advisory, there are many types of advisory services that accounting firms can provide. What are examples of advisory services?

Account 98
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Foreign asset reporting and Form 8938 explained

ThomsonReuters

person holding an interest in specified foreign financial assets with an aggregate value exceeding $50,000 at the end of the tax year or $75,000 at any time during the tax year is required to report these assets on Form 8938. Report to the Foreign Bank and Financial Accounts (FBAR). Generally, any U.S.