ThomsonReuters

OCTOBER 31, 2024

Jump to ↓ The current tax landscape Democratic and Republican Party tax plans Strategic planning amidst tax uncertainty In today’s dynamic political and economic environment, understanding the intricacies of tax policy has become more crucial than ever. election promises further potential shifts.

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Tax corporation tax tax planning Manufacturing 52

ThomsonReuters

FEBRUARY 10, 2025

These digital transformations typically involve transitioning to a cloud-based business system, and they are important to corporate tax leaders because the tax function touches virtually every aspect of a modern organization. ONESOURCE Indirect tax and Oracle cloud Simplified processes. But where do you start?

corporation tax 52

corporation tax Tax Technology audit 52

ThomsonReuters

JULY 10, 2024

It’s back to business fundamentals for many tax and accounting firms as 2024 shapes up to be a year of re-assessment and re-building, according to the Thomson Reuters Institute 2024 State of Tax Professionals Report.

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CPA Practice

SEPTEMBER 11, 2024

Bloomberg Tax & Accounting has released its 2025 Projected U.S. Tax Rates, which indicate inflation-adjusted amounts in the tax code will increase 2.8% This is about half the increase in 2024, and a significant drop from the 7.1% Bloomberg Tax’s annual Projected U.S. increase in 2023.

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ThomsonReuters

FEBRUARY 22, 2024

It is inevitable that in the next few years, it will impact – and even transform – how corporate tax professionals go about their work. So, what are the key aspects of AI that are likely to affect the world of corporate tax? Here are the top five AI terms corporate tax professionals need to know: 1.

corporation tax 93

corporation tax Tax Technology audit 93

ThomsonReuters

NOVEMBER 8, 2024

According to the Thomson Reuters 2024 State of Corporate ESG Report , 77% of survey respondents said they believe AI will have a high or transformational impact on their work over the next five years. Graphic from the 2024 State of Corporate ESG Report.

Technology 118

Technology accounting and finance Government Tax 118

ThomsonReuters

NOVEMBER 4, 2024

← Blog home As corporate tax departments embrace digital transformation, utilizing a tax engine to automate and simplify tax calculations and reporting is becoming a core part of their strategy. Addressing these issues from the start of your tax engine integration project is crucial for success.

Technology 52

Technology Tax corporation tax business tax 52

Withum

JUNE 12, 2024

S Corporation shareholders and partners in a partnership could see their effective federal income tax rate increase by 30% by the end of December 31, 2025, due to the expiration of certain tax laws. A dramatic increase to the effective tax rate may catch many pass-through entity businesses by surprise.

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income tax Tax corporation tax Non-Profits 127

Going Concern

OCTOBER 18, 2024

11 report based on EY’s 2024 Work Reimagined Survey. Why ‘Trust’ in Data is Even More Important in an Era of Global Taxes [ PwC ] We are in a time of unprecedented change in the global tax and compliance landscape — exemplified by the OECD’s Pillar Two. million in false deductions, causing a tax loss of about $2.3

audit 104

audit auditor New York accounting and finance 104

Withum

OCTOBER 3, 2024

The IRS issued a news release providing tax relief for taxpayers affected by Hurricane Helene. Key Hurricane Helene Tax Relief Information Who qualifies for this relief? Key Hurricane Helene Tax Relief Information Who qualifies for this relief? Provide the FEMA Disaster Number of the area where your tax preparer is located.

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ThomsonReuters

JUNE 26, 2024

Businesses must innovate and adapt to the changing indirect tax landscape to stay competitive. Corporate tax departments are using technology increasingly as a strategic partner to address these issues. The 2023 State of the Corporate Tax Department study describes this shift as going from a reactive to a proactive state.

corporation tax 59

corporation tax Technology Tax E-commerce 59

Wellers Accounting

FEBRUARY 21, 2025

Tom Biggs explains the various end of tax year considerations, and strategies, that form effective tax planning to potentially reduce your bill.

Tax 52

Tax tax planning accounting and finance income tax 52

ThomsonReuters

NOVEMBER 1, 2024

← Blog home Global indirect tax and e-invoicing compliance is more critical than ever, with corporations needing to navigate a complex web of regulations and mandates. Given these potential pitfalls, ensuring a robust and adaptable tax compliance strategy is essential for maintaining a competitive edge.

Tax 52

Tax Technology audit income tax 52

CPA Practice

OCTOBER 14, 2024

The accounting talent shortage is now at a crisis level within the tax and finance functions, as 70% of CFOs and corporate tax executives say they’re feeling the impact of fewer accountants entering the profession while senior cohorts retire, according to the 2024 EY Tax and Finance Operations Survey. In the U.S.,

Finance 111

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ThomsonReuters

APRIL 15, 2025

From compiling tax returns, to compliance reporting, to providing visibility over the impact of liabilities on business operations, having up-to-date, complete and accurate data at your fingertips is vital. In todays data-driven age, organizations cannot afford to manage their data in a purely reactive, much less chaotic, way.

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Technology Tax accounting and finance tax return 52

TaxConnex

AUGUST 15, 2023

There’s always something changing in the world of tax, especially sales tax. Midyear sales tax. The Tax Foundation released its “State and Local Sales Tax Rates, Midyear 2023” report of the 45 states (and the District of Columbia) that collect statewide sales taxes and the 38 states where local sales taxes are collected.

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KROST

FEBRUARY 2, 2024

Every year, taxpayers are required to file, report, and pay any taxes owed from the previous year. As the tax season begins, it is crucial to gather all forms of tax documentation in preparation for the filing process. The post Important 2024 Tax Deadlines You Don’t Want to Miss appeared first on KROST.

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ThomsonReuters

DECEMBER 5, 2024

← Blog home At Thomson Reuters, we’re known for our trusted AI, advanced technology, and deep expertise across legal, tax, and compliance. In this blog, we will focus specifically on our corporate tax partnerships and alliances, including customer benefits and solutions. But we don’t stop there.

Tax 52

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Ronika Khanna CPA,CA

JUNE 7, 2024

Table of Contents When starting a business, it can be confusing and a little overwhelming to keep on top of the different types of tax filings that need to be submitted and ensuring that these tax deadlines are met. Sales tax returns reflect the amounts charged on products and services, which are collected on behalf of the government.

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CPA Practice

JULY 16, 2024

Grant Thornton Names Jim Wittmer as Managing Principal of Atlantic Coast Region Grant Thornton, one of America’s largest brands for audit, assurance, tax, and advisory services, has named Jim Wittmer the managing principal of the firm’s Atlantic Coast region. Baltimore, Pittsburgh and Philadelphia, where he is based.

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Menzies

DECEMBER 1, 2022

From 1 April 2023, the corporation tax rate will be increasing from 19% to 25% for companies with taxable profits over £250,000. Companies with taxable profits of less than £50,000 will continue to pay tax at 19%. However, if the company changed its year end to 31 March 2023 it would pay tax at 19%.

corporation tax 52

corporation tax Tax chartered accountant accounting firms 52

CPA Practice

JULY 12, 2024

The small businesses that anchor our economy are about to face a devastating tax hike that will hurt workers and weaken communities. to wake up and protect the tax cut that small businesses desperately need. The tax cut in question is the small business deduction, also known as Section 199A or the qualified business income deduction.

Missouri 111

Missouri Tax Manufacturing Washington 111

ThomsonReuters

APRIL 17, 2024

The emergence of g enerative artificial intelligence ( GenAI ) has sparked both excitement and apprehension in the tax industry, with professionals divided on its potential impact. Access full report The new report The Thomson Reuters Institute has released its latest report on GenAI, titled 2024 GenAI in Professional Services.

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Tax tax preparation Technology tax return 98

CPA Practice

JUNE 1, 2023

Before early 2024, tax teams must learn how to balance the additional requirements of the Base Erosion and Profit Shifting (BEPS) 2.0 Pillar Two will impose new data reporting requirements and additional global tax compliance challenges for multinational business with turnover greater than 750M EUR. By David Woodworth.

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Tax corporation tax Technology accounting and finance 98

CPA Practice

SEPTEMBER 3, 2024

(TNS) BOSTON — Main Street employers are getting hammered by taxes, health care expenses, lingering high inflation and other costs, according to a new report by a national business group, which calls on Beacon Hill policymakers to focus their attention on helping small businesses stay afloat. at www.gloucestertimes.com.

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Massachusetts Tax Maine corporation tax 105

ThomsonReuters

MARCH 6, 2024

In the corporate tax space, just as the regulatory compliance landscape becomes more challenging and reporting requirements become more demanding, technology is advancing rapidly to crunch vast amounts of data in no time and streamline labor-intensive processes. AI is adept at supporting both.

Tax 88

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CPA Practice

NOVEMBER 6, 2024

This webinar will be held on Thursday, November 21, 2024 at 1:00pm ET Sponsor: CorpNet.com Duration: 1 Hour Register Now It’s best that accountants, CPAs, and tax professionals are up to date on entity advantages to assist their clients in making the best decision when it comes to choosing which entity option is best for their business.

Indiana 59

Indiana CPA Illinois payroll tax 59

Accounting Today

JUNE 10, 2024

Strategic tax leaders worry the election will lead to changes to Inflation Reduction Act renewable energy credits, while tax tacticians worry about changes to federal corporate tax rates.

Tax 75

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Xero

AUGUST 11, 2022

Frankly, you already have enough to remember, thanks to Making Tax Digital (MTD) for VAT and Income Tax Self Assessment (ITSA). The government legislation with the goal of digitising the tax process has been underway for some time, and the next step is looming large on the horizon.

income tax 98

income tax Tax tax return tax accountant 98

ThomsonReuters

AUGUST 2, 2023

As the Organization for Economic Co-Operation and Development’s (OECD) ground-breaking Base Erosion Profit Shifting (BEPS) framework for taxing the digital economy is being implemented, countries around the globe are beginning to roll out the second of the OECD’s two BEPS pillars—Pillar 2.0.

corporation tax 98

corporation tax Tax financial statements Government 98

CPA Practice

MAY 9, 2024

More than three-fourths (77%) of tax professionals believe AI technology can be applied to their work, and more than half (56%) of in-house corporate tax teams think their external tax advisers’ firms should be using AI, shows a new report by Thomson Reuters.

Tax 69

Tax corporation tax tax return bookkeeping 69

ThomsonReuters

MARCH 1, 2024

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? You may wonder how the S corporation taxation generally works. Are you really doing everything you can to reduce your tax burden? How are S corporations taxed? When are S corps taxes due?

corporation tax 52

corporation tax Tax tax return income tax 52

CPA Practice

MAY 24, 2024

The American Institute of CPAs (AICPA) submitted comments to the Internal Revenue Service (IRS) containing 189 recommendations regarding the 2024-2025 Guidance Priority Plan.

cpas 64

cpas corporation tax Tax 64

Accounting Today

OCTOBER 9, 2024

A new survey by PwC of top corporate executives uncovered worries about tax policy after the election.

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ThomsonReuters

JANUARY 9, 2024

Jump to: How are C corporations taxed? When are C corp taxes due? How do C corps file taxes? How can C corporations reduce their taxes? But what does that mean for your taxes? But what does that mean for your taxes? How are C corporations taxed?

corporation tax 52

corporation tax Tax income tax Non-Profits 52

CPA Practice

APRIL 5, 2024

TNS) A Kennewick tax preparer cost the United States $42 million in lost tax revenue between 2017 and 2020 after filing tax returns that were riddled with errors, fabrications and fraudulent entries, alleges the Department of Justice. By Annette Cary, Tri-City Herald, Kennewick, Wash. The complaint also asks that U.S.

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tax return Tax tax preparation income tax 103

ThomsonReuters

NOVEMBER 25, 2024

TRI 2024 State of Corporate ESG Report See how businesses are increasingly prioritizing their ESG initiatives to help navigate geopolitical tensions and economic uncertainties. Learn more ← Back to blog The post Navigating ESG due diligence in vendor assessment appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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