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2025 corporation tax Tax 
RogerRossmeisl
JULY 17, 2024
Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the upcoming elections. Our current situation The Tax Cuts and Jobs Act (TCJA), which generally took effect in 2018, made sweeping changes. Many of its provisions are set to expire on December 31, 2025.
221 
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% Bloomberg Tax’s annual Projected U.S. Act that affect tax planning for corporate taxpayers in certain industries. increase in 2023.
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The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
Building a Business Case for Finance Automation
Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape
Insightful Accountant
MAY 13, 2024
Small business owners and tax practitioners are debating whether to elect S corporation status before the potential corporate tax rate increase in 2025 due to the expiration of TCJA provisions.
103 The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
Building a Business Case for Finance Automation
Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape
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.
127 
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.
130 
Accounting Today
AUGUST 29, 2023
New Zealand will introduce legislation this week that enables a digital services tax on large multinational companies, though the levy won't be imposed until 2025.
98 
Accounting Today
AUGUST 30, 2023
The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.
140 
Withum
DECEMBER 4, 2024
The corporate tax rate is currently a flat 21% rate. There is also a 15% corporate alternative minimum tax (CAMT) based on book income for companies with average annual adjusted financial statement income exceeding $1 billion. Please work with your tax advisor for future planning.
105 
Cherry Bekaert
MAY 3, 2024
Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities. With proper tax planning a company is able to reduce its worldwide effective tax rate as it expands overseas. What Is Global Tax Minimization? international tax rules. income tax.
104 
ThomsonReuters
FEBRUARY 9, 2024
As we step into a new year, the taxation realm is abuzz with discussions surrounding the Tax Relief for American Families and Workers Act of 2024. However, amidst this spotlight, there are other tax proposals quietly gaining momentum. Firms must prepare for potential shifts in tax liabilities and advise clients accordingly.
110 
Accounting Today
DECEMBER 19, 2024
The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.
126 
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.
64 
Withum
DECEMBER 17, 2024
The Tax Cuts and Jobs Act (TCJA) enacted several tax rate cuts when it was enacted in 2017. This included a reduction of the C Corporation rate to 21% and a temporary provision that allowed owners of S Corporations and Partnerships a reduction of their taxes by deducting an additional 20% of the taxable profit from their businesses.
52 
TaxConnex
NOVEMBER 10, 2022
Gain insight into why Robert started TaxConnex and his plans for our future as well as how sales tax has evolved over the years. I graduated in 1985 with a Masters in Tax. I was trained in income tax and expected to have a career in public accounting, but I only lasted a few years in a couple of different large CPA firms.
130 
Accounting Today
OCTOBER 9, 2024
In less than 30 days, Americans will elect the politicians who will set policy for the next two years in Congress and four years at the White House.
72 
CPA Practice
MARCH 8, 2023
While designed to limit inflation, the IRA has also impacted various areas of taxation beyond IRS funding, such as bonus depreciation and the corporate alternative minimum tax (AMT). Understanding Then, the company paid whichever resulted in the highest tax bill. Corporate
111 
Withum
APRIL 28, 2022
For the latest news and updates on Nebraska state and local tax. Nebraska Implements Corporate Income Tax Rate Reductions. 873 which reduces Nebraska’s corporate income tax rate over the next five years. However, the extension does not apply to estimated tax payments. Tax Filing and Deadline Extended.
52 
CPA Practice
SEPTEMBER 11, 2024
Businesses operating in, or connected to, the European Union (EU) will be able to comply with the obligations of the EU’s Corporate Sustainability Reporting Directive (CSRD), starting in January 2025 and expanding in scope and reach in subsequent years. tax reporting.
Withum
NOVEMBER 17, 2022
2022 Tax Brackets and Rates. 2022 Long-Term Capital Gains Tax Bracket. Year-End Tax Strategies for Individuals. Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. DEDUCTION AMOUNT: $19,400. Taxable Income Over.
98 
Menzies
AUGUST 21, 2024
Further information has now been made available in respect of the abolition of the Furnished Holiday Lettings (FHL) tax regime that will take effect from April 2025. The measure will remove the tax advantages that landlords who offer short–term holiday lets have over those who provide standard residential properties.
52 
CPA Practice
JUNE 13, 2024
The Tax Cuts and Jobs Act of 2017 (TCJA) brought about substantial changes to the tax landscape, significantly increasing the lifetime estate and gift tax exemption amounts ($13.61 Given the federal estate tax rate of 40% and an expected exemption reduction of $7 million, this reversion would result in tax liability of up to $2.8
124 
Withum
MAY 4, 2022
New York’s fiscal year 2023 budget bill that was enacted into law significantly expands the benefits of the state’s pass-through entity tax (“PTET”) for many businesses. Some of the major PTET highlights include amplifying the benefits for resident S corporation shareholders, as well as establishing a New York City PTET.
112 
Menzies
SEPTEMBER 2, 2022
This was due to end in April 2021 and will now come to an end in April 2025. Overall, despite the AIA limit reducing and the removal of super-deduction in April 2023, there are still some generous tax treatments for energy efficient vehicles. Donna Kenyon. View profile.
52 
Menzies
OCTOBER 30, 2024
Tax reliefs for the UK’s world-leading creative industries, which will provide £15 billion of support over the next 5 years. From April 2025 the National Living Wage will increase to £12.21 Up to £520 million for a new Life Sciences Innovative Manufacturing Fund to drive growth and build resilience for future health emergencies.
ThomsonReuters
MARCH 9, 2023
Tax and Accounting professionals, listen up! Aren’t you tired of spending countless hours pouring through textbooks and internet searches trying to find the latest tax laws? Enter: Thomson Reuters Tax Season Toolkit. Breeze through tax season easily with our comprehensive year-end tax season toolkit.
59 
Withum
OCTOBER 18, 2023
These words apply to all sorts of things in life and, of course, when it comes to taxes. With some economic upheaval and various provisions of the Tax Cuts and Jobs Act (“TCJA”) nearing their end, here are a few things to be mindful of as we cruise into the 4th quarter of 2023. “Those who fail to plan, plan to fail.”
59 
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.
52 
CPA Practice
NOVEMBER 19, 2024
The Main Street Alliance and Small Business Majority have launched the Small Business Tax Fairness Coalition (SBTF), a national initiative to advocate for a U.S. tax code that prioritizes the needs of America’s entrepreneurs. of recipients—primarily white-owned firms—leaving many small, minority-owned businesses behind.
52 
Going Concern
OCTOBER 18, 2024
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 Tomasello sold approximately $8.5
104 
Accounting Insight
MARCH 3, 2023
As digital transformation continues to accelerate the evolution of tax and accounting, the players who expedite their embrace of these six tech trends will have an early mover advantage. And governments around the world – 136, to date – have also already agreed to adopt the 15% minimum corporate tax.
52 
Menzies
SEPTEMBER 19, 2024
The labour government have an opportunity to provide tax incentives for those businesses on renewable and clean energy tariffs, to reduce the sectors energy bills and help deliver on net zero targets. Staffing The industry continues to be under-resourced and increases to National Living Wage have put further pressure on H&L businesses.
59 
Accounting Today
JANUARY 30, 2024
With the Qualified Business Income tax deduction of 20% set to expire in 2025 (unless it's extended), clients who are starting a business may wonder how their choice of entity will impact their QBI deduction and ultimately their bottom line.
63 
xendoo
JANUARY 16, 2023
Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.
52 
Shay CPA
OCTOBER 21, 2024
The state of New York offers some serious tax perks for tech startups operating within its borders. Specifically, if you can get certified as a qualified emerging tech company (QETC), you and your investors can claim some meaningful credits to lower your tax liability. And that could mean some notable tax savings.
52 
Menzies
JANUARY 4, 2024
The historical ability for non-residents to avoid UK tax on property sales and potentially benefit from reduced stamp duty has undergone significant changes. However, in recent times many of the benefits for non-resident investors have been eroded and the ways in which real estate investors can be taxed on their gains has been expanded.
52 
CPA Practice
NOVEMBER 9, 2023
Thomson Reuters, a global content and technology company, has added several updates to its suite of tax, accounting and audit products, it announced at its annual customer event, SYNERGY. Automating tax and audit workflows “Tax industry professionals struggle with the increased pace of regulatory change and hiring challenges.
52 
Inform Accounting
NOVEMBER 18, 2022
We already knew that he was going to raise taxes and reverse most, if not all of the Truss Budget. The leaked and previously announced tax increases are still going ahead…. Corporation tax from April 1 2023 to increase to 25% for companies with profits over £250,000. What this means is that we are back in Austerity 2.0
52 
CPA Practice
OCTOBER 9, 2023
ONESOURCE E-invoicing brings together the best in global tax compliance and e-invoicing into a single solution. Today, more than 80 countries have mandated e-invoicing or continuous transaction control requirements, and this figure could potentially surge by 2025 as governments prioritize tax reform and real-time reporting.
ThomsonReuters
NOVEMBER 25, 2024
In 2025, the European Union’s Corporate Sustainability Reporting Directive (CSRD) goes into effect—legislation that includes a long list of compulsory disclosure requirements related to corporate governance and sustainability.
99 
Menzies
SEPTEMBER 19, 2024
Labour’s manifesto pledged not to increase income taxes, so we can expect other taxes to be in the firing line – for example inheritance tax and stamp duties may be impacted. Approximately one third of all corporation tax due by small businesses was not paid to HMRC in 2022/23.
52 
Shay CPA
NOVEMBER 14, 2023
The state of New York offers some serious tax perks for tech startups operating within its borders. Specifically, if you can get certified as a qualified emerging tech company (QETC), you and your investors can claim some meaningful credits to lower your tax liability. And that could mean some notable tax savings.
52 
ThomsonReuters
DECEMBER 11, 2023
In the first two installments of our blog series on e-invoicing and Continuous Transaction Controls (CTC), we discussed the basics of e-invoicing and how it affects tax teams and compliance efforts. The purpose of this series is to help readers gain a better understanding of e-invoicing and CTC, and their impact on corporate tax teams.
59 
SkagitCountyTaxServices
MARCH 2, 2023
Firstly, we are barrelling towards the March 15th deadline for corporate tax returns. And you can also claim a little tax break while you’re at it: the Federal Work Opportunity Tax Credit. Who to hire You can claim the WOTC for wages to certain individuals who begin work on or before December 31, 2025.
52 
PYMNTS
AUGUST 9, 2018
The initial plan for India was to open 25 traditional stores by 2025, but the country will now get some of the smaller outlets. Known for its huge warehouse-style stores, the retailer is in the early stages of moving globally toward smaller, inner-city showrooms.
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