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Autumn Budget 2024: Tax Service Line Wishlist & Predictions

Menzies

Menzies LLP - A leading chartered accountancy firm. With a recent change in Government promising to fill the tax gap, the Prime Minister has warned the budget will be “painful”. If this area is targeted, we may see the introduction of a top rate for gains above a certain threshold or even an alignment with income tax rates.

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Beyond tax season: creating revenue stability year-round

ThomsonReuters

But for some tax and accounting firms, the high volume of clients from January to April represents the majority of their business for the year. Figuring out how to stabilize revenue throughout the year can help you reduce overall stress and improve income potential. That includes: Preparing federal and state income taxes.

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What is tax advisory?

ThomsonReuters

research and development credits) Trade and customs tax services and guidance Transfer pricing evaluation , documentation, and modification of existing policies Tax valuation services What does a tax advisor do?

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Oh BOI, Beneficial Ownership Reporting Has Started, Even for SMLLCs

Withum

A large operating company is any entity with (a) more than 20 full-time US employees, (b) an operating presence at a physical office within the US, and (c) more than $5,000,000 of US-sourced gross receipts reported on its prior year federal income tax return (IRS Forms 1120, 1120-S or 1065 only).

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Professionals on the Move – Sept. 2024

CPA Practice

He also worked as an audit manager for a national accounting firm, managing public and private company audits. Pawlow brings more than 30 years of experience in the accounting industry, with a proven track record of driving financial results and fostering growth. Todd is also a Veteran and served in the United States Air Force.

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The Essentials of Beneficial Ownership Reporting

Withum

Federal income tax or information return reporting more than $5 million in U.S.-source Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. Yes, there are 23 exemptions from the reporting requirement, including the following: Inactive entities owned by U.S.

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Eliminate Manual Work and Accelerate Accounts Receivable

CPA Practice

See how top accounting firms have reduced Days Sales Outstanding (DSO) and saved time by modernizing their payment workflow. What you’ll discover: Learn strategies for enhancing efficiency at key touchpoints like engagement letters, invoice delivery, payment collection and reconciliation, and more.