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What are APIs and how can they streamline tax provision calculations?

ThomsonReuters

Some of the key challenges that tax provision APIs can address include: Manual time-consuming processes: Tax teams need to combine different calculations from different jurisdictions or different legal entities. Using APIs, provision calculations are automated, saving tax professionals time and effort, while also reducing the risk of error.

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Empowering Financial Excellence and Fostering Student Success with Sage Intacct

Cherry Bekaert

Compliance: In preparation for a successful annual audit, the establishment of accurate financial statements was critical. With the guidance of Cherry Bekaert, the deployment of Sage Intacct helped Stravos adhere to legal and regulatory requirements that govern financial reporting, data security, privacy, and taxation.

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Outsourced Accounting Frequently Asked Questions (FAQs)

Cherry Bekaert

These functions can include managing payroll, accounts payable, accounts receivable, monthly bank reconciliations, tax prep support, legal compliance and financial reporting, among others. Outsourced accounting occurs when a business hires an external, third-party company to handle its finance and accounting functions.

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How Much Is a Tax Consultant?

xendoo

They will have an in-depth knowledge of legalities surrounding the business structure of an entity and the deductions that may be available to a given company. . If they work in public accounting, they may oversee or conduct an audit of a public company’s financial statements. What Qualifications Does a Tax Advisor Have?

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Shutting Down Your Tech Company? Here’s What You Need to Know

Shay CPA

Finally, export and download the following to add to your file: General ledgers Financial statements Accounts payable Accounts receivable Obviously, you can’t just lock the door and walk away. A lag in getting your dissolution paperwork in could land you with a bigger tax bill or fines for noncompliance.

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Startup Accounting Guide: Everything You Need to Know in 2022

Accounting Seed

You’ll be able to track all the financial data that forms the lifeblood of a startup, including revenue, expenses, payroll, and general ledger. If you start out as a small proprietor or partnership, it’s perfectly legal to mingle personal and business money. Legally, you and your startup are one entity.

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Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

Before you sign off for the last time, download or export the following: Financial statements. General ledgers. When you’re winding down your company, it’s important to continue to rely on a trusted legal and tax advisor to make your transition as seamless as possible. . Don’t let that happen to you. We can help.