ThomsonReuters

NOVEMBER 19, 2024

← Blog home Corporate tax departments are facing mounting pressures due to a talent shortage and increasing regulatory complexities, such as Pillar 2 and Global Minimum Tax (GMT) requirements. Corporate tax departments are often stretched thin, making them susceptible to audits and penalties.

Technology 83

Technology corporation tax Tax audit 83

Patriot Software

DECEMBER 14, 2022

Your company’s tax liability largely depends on the business structure you choose. And if you structure your business as a corporation, you’re responsible for paying the corporate income tax rate on company earnings. So, what is the corporate tax rate? How do corporation taxes work?

corporation tax 111

corporation tax Tax income tax business tax 111

Going Concern

SEPTEMBER 14, 2023

This morning, Thomson Reuters released new research that reveals both corporate tax and global trade departments state they are under-resourced for technology and talent. From the press release : The 2023 State of Corporate Tax Department report highlights under-resourced tax departments are more likely to face audits and penalties.

corporation tax 116

corporation tax Technology Tax audit 116

ThomsonReuters

FEBRUARY 12, 2025

Blog home The Thomson Reuters 2025 Corporate Tax Department Technology Report offers the latest research on how corporate tax departments are incorporating new technologies into their operations, as well as the many challenges tax departments face in adopting new technological systems and processes.

Technology 84

Technology corporation tax Tax accounted 84

ThomsonReuters

FEBRUARY 16, 2024

The proper utilization and deployment of technological solutions alongside valued tax professionals is how successful tax departments deliver valued analysis, insights, and guidance for their organizations. Keeping regulators at bay Tax authorities worldwide continue to pass legislation requiring greater disclosure from corporations.

corporation tax 96

corporation tax Technology Tax accounting and finance 96

SMBAccountant

MARCH 8, 2023

One type of accounting that is well-known is tax accounting. According to Investopedia, tax accounting is “a structure of accounting methods focused on taxes rather than the appearance of public financial statements”. Tax accounting applies to individuals, businesses, and corporations.

tax accountant 130

tax accountant Tax accountant accounted 130

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

AUGUST 16, 2022

For corporate tax departments, making the tax technology pitch for an automated solution is a relatively simple one. 1—It will save money by: reducing tax errors and over-payments. errors and violations associated with out-of-date tax rates and codes. making the department’s overall operations more efficient.

corporation tax 97

corporation tax Technology Tax Maine 97

DuctTapeMarketing

JULY 14, 2018

Cloud-based accounting software can provide a whole suite of tools to help business owners get ahead. Handle payments and manage accounts payable. Prepare the books for tax season. A growing number of small business owners are outsourcing their bookkeeping to cloud-based companies that wrap around accounting software.

bookkeeping 238

bookkeeping accounting and finance accounting software accounts payable 238

Accounting Today

AUGUST 29, 2023

Accounting firms are less important than the partner leading the team in terms of the impact on the business's effective tax rate and the probability it will face an audit.

corporation tax 118

corporation tax Tax audit accounting firms 118

ThomsonReuters

DECEMBER 9, 2024

Blog home Today, organizations are under increasing pressure to navigate the complexities of global tax regulations, ensure compliance, and optimize workflow processes using the latest advanced technology.

corporation tax 52

corporation tax Tax Technology accounting and finance 52

Accounting Today

APRIL 15, 2024

The International Ethics Standards Board for Accountants has unveiled a set of ethical standards for business tax planning in response to complaints over tax avoidance by multinational companies.

tax planning 83

tax planning corporation tax Tax business tax 83

Going Concern

DECEMBER 2, 2022

It’s December 2022 and we’re now a good year into “The Great Accounting Shortage,” the depth of which won’t truly be known until the fines start rolling in for p**s-poor audit work performed by skeleton crews. We might need to start thinking about Life After Accountants. So, any day now.

accounting firms 116

accounting firms accountant accounted Account 116

ThomsonReuters

FEBRUARY 28, 2025

To learn more about changing regulations in the tax and accounting industry, dig into our other blog posts on the topic. Looking to stay ahead of the curve with the latest tax and accounting news? Subscribe to the Checkpoint Newsstand from Thomson Reuters Checkpoint.

Tax 91

Tax Manufacturing Real Estate corporation tax 91

CPA Practice

DECEMBER 14, 2023

A new study by top 15 accounting firm Moss Adams revealed that 69% of accountants believe artificial intelligence will enhance rather than eliminate jobs and has a positive impact on the accounting profession as a whole, driving productivity and business growth. “AI The survey of 500 U.S. 27 and Nov. It’s very exciting.”

accountant 119

accountant accounted Account corporation tax 119

ThomsonReuters

OCTOBER 30, 2024

← Blog home The 2024 State of the Corporate Tax Department report by the Thomson Reuters Institute, in collaboration with tax executives, highlights the challenges and opportunities facing tax departments today. Read the full Thomson Reuters Institue 2024 Corporate Tax report.

Technology 52

Technology Tax corporation tax Education 52

ThomsonReuters

DECEMBER 29, 2022

Companies are facing an ever-increasing burden of corporate tax compliance and the pace of complexities shows no sign of slowing. Helping companies ensure compliance by outsourcing for business processes represents a growth opportunity for today’s tax and accounting firms. . “ percent from 2022 to 2030.

corporation tax 59

corporation tax Tax income tax Technology 59

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

CPA Practice

APRIL 8, 2024

Bloomberg Tax & Accounting has launched its next generation suite of integrated solutions that modernize the corporate tax process, from data collection to tax calculations that power key deliverables. Bloomberg Tax changes the way tax professionals source and prep data using automation.

corporation tax 52

corporation tax Tax tax accountant accountant 52

Menzies

OCTOBER 30, 2024

Menzies LLP - A leading chartered accountancy firm. Tax reliefs for the UK’s world-leading creative industries, which will provide £15 billion of support over the next 5 years. Some of this increase will be mitigated by a reduction in corporation tax which will reduce the impact on profitable businesses by up to 25% of the increase.

Manufacturing 59

Manufacturing corporation tax chartered accountant Technology 59

ThomsonReuters

JANUARY 6, 2025

We will dive into the key benefits of embedded tax solutions and offer insights for corporate tax professionals looking to use comprehensive tools to achieve exceptional compliance and operational excellence. Highlights: Tax management in large organizations is complex and needs precision.

Tax 52

Tax corporation tax audit Legal 52

Accounting Today

DECEMBER 3, 2024

The latest data on the growth of the IRS's Direct File program, how many corporate tax pros believe generative AI is beneficial in accounting, and other key metrics.

corporation tax 122

corporation tax Tax Account accountant 122

MyIRSRelief

APRIL 29, 2024

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

Tax 130

Tax bookkeeping Entertainment accountant 130

ThomsonReuters

MAY 15, 2024

These disruptions have a significant impact not just on logistics and delivery times, but also on corporate tax implications. Understanding the interplay between these factors is crucial for tax and trade professionals across multinational corporations.

corporation tax 59

corporation tax Tax accounting and finance Manufacturing 59

ThomsonReuters

JULY 5, 2024

Staying compliant with tax requirements is stressful enough when everything runs smoothly. However, managing tax compliance becomes increasingly complex as your company grows, making simplifying tax management a top priority. Evaluating your current corporate tax solutions As your business expands, so must your technology.

corporation tax 52

corporation tax Tax Technology Sales 52

ThomsonReuters

DECEMBER 13, 2024

In todays fast-moving global business landscape, the complexities faced by corporate tax and trade departments continue to multiply. Tax errors, audits, fines and penalties can all result in a loss of revenue, but even more importantly, a loss of reputation and customer confidence for businesses.

corporation tax 52

corporation tax Tax Technology audit 52

Going Concern

OCTOBER 18, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Firm Watch Accountancy firm BDO fined €1.3 BDO is going to appeal the decision.

audit 104

audit auditor New York accounting firms 104

MyIRSRelief

OCTOBER 11, 2024

Identifying Tax-Saving Opportunities: Enrolled Agents can help identify tax-saving opportunities. This might include contributing to retirement accounts, making charitable contributions, and taking advantage of tax credits. Implementing the Plan: The Enrolled Agent will help implement the tax plan.

tax services 130

tax services payroll tax Tax tax preparation 130

Going Concern

MARCH 24, 2023

Most wealthy countries make tax filing free, if the burden of preparation is even passed along to individuals at all. But, corporate tax filing services are (by dint of extensive lobbying) predatory, parasitic bottlenecks that deliberately complicate the tax filing process in order to make it unnavigable by ordinary people.

Tax 122

Tax tax return Gaming income tax 122

Accounting Today

OCTOBER 20, 2023

The Internal Revenue Service is making improvements to its online tax professional accounts and hiring more accountants as it ramps up enforcement.

business tax 143

business tax tax accountant audit Tax 143

CPA Practice

DECEMBER 19, 2023

Accounting and finance professionals are always on the lookout for tools that can help them become more efficient, productive and accurate in their work. Of course, to stay in demand, finance and accounting pros will need to ensure that they maintain relevant skills, especially when it comes to working with generative AI.

accounting and finance 121

accounting and finance Finance accountant accounted 121

xendoo

AUGUST 9, 2021

Some top online bookkeeping services employ excellent online bookkeepers who can provide the necessary online accounting services to successfully handle your business bookkeeping. Corporate tax preparation . Why Use an Online Accounting Service? All plans include: A business bank account. Tax preparation services.

bookkeeping 98

bookkeeping bookkeeping services accountant accounted 98

KROST

APRIL 9, 2021

. – KROST CPAs and Consultants, Los Angeles-based firm, receives two new accolades from Accounting Today , Top 100 Firms, and Fastest-Growing Firms in the U.S. which is new to the regional list this year.” – Accounting Today. “It It means a great deal to us to receive these two awards from Accounting Today. KROST ranked No.

cpa firm 89

cpa firm CPA accountant accounted 89

ThomsonReuters

FEBRUARY 9, 2024

For corporate tax professionals, the emergence of ambient AI promises a future where ordinary tasks become extraordinary, and the unnoticed becomes an essential part of their work experience. Wong forecasts that in the next year, AI assistants will become more deeply integrated into the daily work of corporate tax professionals.

corporation tax 52

corporation tax Tax Transportation Technology 52

Cheap Accounting

AUGUST 31, 2023

Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. Keep receipts and invoices then record the amounts spent in the accounts. Directors have legal obligations bestowed on them when they are appointed including keeping accounting records and filing accounts.

Start-ups 75

Start-ups accountant accounted Account 75

CPA Practice

JUNE 6, 2024

A new academic study found that companies increase their tax risk profile—thus more tax aggression and a higher likelihood of tax fraud—when they believe IRS scrutiny will be lower due to budget cuts.

Tax 116

Tax forensic accounting audit corporation tax 116

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. TRI 2024 Corporate Tax Report As talent squeeze looms, many companies’ tax functions see technology as the solution.

Technology 52

Technology Tax corporation tax business tax 52