article thumbnail

4 international tax planning strategies for global companies

ThomsonReuters

Corporate international tax planning is a major challenge for companies that do business in multiple countries. To be aware of pitfalls such as international double taxation — being taxed for the same income in two different countries — they must plan strategically.

article thumbnail

Mastering the art and science of exceptional client service

ThomsonReuters

Rather than simply completing tax returns or financial statements, accountants are proactively engaging with clients throughout the year, offering strategic guidance on tax planning, financial management, and business growth strategies.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Exploring key 2024 tax bill proposals

ThomsonReuters

Addressing income equality: The Tax Excessive CEO Pay Act targets corporations with high CEO-to-worker pay ratios to narrow income disparities. Firms must prepare for potential shifts in tax liabilities and advise clients accordingly. Stay tuned for further updates on these developments!

Tax 110
article thumbnail

Spotlighting Women in Advisory Practice: “Building an advisory firm around flexibility is key,” says Sandy Heit of ModernCPAs

ThomsonReuters

Her goal was to focus on strategic tax planning and compliance for small business owners, as well as providing a workplace where women could have the work-life balance she lacked at other accounting firms. Initially, she worked as a contractor for a former colleague, and by the fall of 2017, she launched her own firm,  ModernCPAs.

article thumbnail

The tortured journey of data: How tax technology speeds up tax compliance, provision, and reporting

ThomsonReuters

More specifically, tax departments can, for instance: Get a comprehensive view of their organization’s tax data; Monitor and review key metrics in real-time; Find valuable strategic insights on tax matters; Compare year-over-year tax trends; Identify anomalies; and Share intuitive graphs and charts with non-financial colleagues.

article thumbnail

Top tax season client questions

ThomsonReuters

There are new tax laws and changes that could affect your business’s year-end tax planning, including the SECURE 2.0 Act, which made some major changes to employee and employer retirement plans that take effect in 2023. Tax Planning and Advisory Guide—Health Care Reform—premium tax credit expansion) The SECURE 2.0

Tax 52