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How to efficiently file a business tax return: A workflow guide for accounting firms

ThomsonReuters

Filing business tax returns is no doubt an intricate process, but with the right workflow, accounting firms can streamline the process, reduce errors, and ensure compliance. Prepare and review the tax return 4. File electronically and track the return 5. Review deduction and credit opportunities 3. Partnership.

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Statutory reporting: An overview

ThomsonReuters

Statutory reporting is a critical process for multinational corporations, involving the preparation and submission of financial statements to comply with legal obligations across various jurisdictions. Key components of statutory reports include financial statements and ESG disclosures, enhancing stakeholder trust and governance.

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Half of Australians fear making a mistake on their tax return this year

Xero

If the thought of lodging your tax return makes your palms sweaty and you find yourself procrastinating to avoid the inevitable, youre not alone. Xeros latest research has found nearly three quarters of Australians are worried or anxious about tax time this year. For Australias 2.6 The survey was carried out online.

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Making compliance easier with a new Xero and BGL workpapers partnership

Xero

This means less tedious work leading to faster review and finalisation of client accounts, tax returns, and financial statements. This connectivity streamlines the entire process – from your clients Xero subscription, to reporting, Xero Tax, and your practice client records and staff permissions.

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The Importance of the Statement of Cash Flows

Basis 365

What is the Statement of Cash Flows? The Statement of Cash Flows is a financial statement that shows the inflows and outflows of cash within your business over a specific period. Tax accountants are experts at converting accrual numbers to cash-based numbers specifically for tax reporting.

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Tax workflow for accounting firms: Best practices and automation tips

ThomsonReuters

If there is one thing accountants and tax preparers know for sure, it’s that an efficient tax workflow is key to remaining competitive in an increasingly digital tax and accounting landscape. Let’s take a look at what a digital tax workflow is all about and how it can unlock efficiencies for your accounting firm.

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AICPA News – July 2025

CPA Practice

Employee Benefits Tax TRP Provide a Revenue Procedure related to Section 305 of the SECURE 2.0 Trust, Estate, and Gift Tax TRP Provide for the ability to e-file the following: Form 706, U.S. Estate (and Generation-Skipping Transfer) Tax Return Form 706-NA, U.S. Log In Need more information? Form 709, U.S.

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