ThomsonReuters

JANUARY 31, 2025

Learn more The benefits of an ERP system While ERPs do provide greater efficiency and data utility to many different business units, they are especially beneficial for corporate tax departments. The following are just a few of the many benefits a new ERP system can provide for corporate tax departments.

corporation tax 52

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MyIRSRelief

MAY 19, 2023

Whether you are a small business owner, self-employed, or an individual taxpayer, you may face tax issues such as tax audits, back taxes, and 941 payroll tax problems. Contact us for tax help today. Contact us for tax help today.

New York 147

New York payroll tax payroll audit 147

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

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.

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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

NOVEMBER 29, 2023

Most tax professionals know that dealing with forces beyond their control—and the costly disruptions they cause—is a way of life. Unfortunately, many tax departments are feeling a strain on their resources as a result of these events. This, in turn, puts tax departments at greater risk for even more audits and stiffer penalties.

audit 98

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DuctTapeMarketing

JULY 14, 2018

 Services Online Audit. They’ll partner you with a dedicated accounting team and provide three simple monthly rates that include your bookkeeping, sales tax, planning support, corporate tax return, and unlimited access to your dedicated CPA team. Services Online Audit. Strategy First. Website Review.

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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

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ThomsonReuters

MAY 12, 2022

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible.

audit 105

audit Sales Tax auditor 105

CPA Practice

JUNE 6, 2024

“Specifically, we wanted to see if companies were more comfortable with aggressive tax strategies when they think the IRS has fewer resources to engage in audits.” We looked at IRS budget projections for the next year because that is when the IRS could begin conducting audits on this year’s tax filings,” Stanley said.

Tax 116

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SMBAccountant

MARCH 8, 2023

Tax accounting applies to individuals, businesses, and corporations. Tax accountants must use the Internal Revenue Code (IRC) to provide accurate tax returns.

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Accounting Today

FEBRUARY 21, 2024

The Internal Revenue Service will be scrutinizing the use of corporate jets for personal travel more closely, focusing on big corporations and partnerships, as well as high-income taxpayers.

audit 130

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Accounting Today

OCTOBER 12, 2023

The dispute centers on a 2012 IRS audit into transfer pricing, a method used by companies to shift profits to tax havens and avoid the U.S. corporate tax rate.

corporation tax 95

corporation tax Tax audit 95

ThomsonReuters

DECEMBER 13, 2024

In todays fast-moving global business landscape, the complexities faced by corporate tax and trade departments continue to multiply. For tax teams in equally unpredictable markets, keeping up with the latest deadlines, regulatory changes, and new compliance processes remains a constant challenge. Getting it wrong is costly.

corporation tax 52

corporation tax Tax Technology audit 52

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

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

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. What are we going to do, bring in the National Guard to do corporate tax returns?

accounting firms 116

accounting firms Account accounted accountant 116

ThomsonReuters

DECEMBER 20, 2020

Both sales tax and VAT are types of indirect tax – a tax collected by the seller who charges the buyer at the time of purchase and then pays or remits the tax to the government on behalf of the buyer. Sales tax and VAT are a common cause of confusion within the corporate tax community.

Sales 119

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CPA Practice

AUGUST 23, 2023

The study found that the partner has twice as great an impact on the firm’s cash effective tax rate than did their firm. The study also found that partners were a greater factor in determining the likelihood of an IRS audit. “We Male partners also tended to be associated with a higher likelihood of an IRS audit.

business tax 98

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CPA Practice

AUGUST 21, 2023

Workpapers serve as the foundation of the tax department’s workflow, playing a pivotal role in tax calculations supporting crucial tax deliverables such as provision, compliance, planning, and audits.

corporation tax 52

corporation tax Tax tax accountant audit 52

Menzies

DECEMBER 6, 2023

Importance of an Audit A lot of business owners think audits are much of a muchness, however their quality can vary significantly. The annual audit is occasionally considered as a commodity purchase. Financial reporting council (FRC) The FRC is planning to tighten its ethical standards further to improve audit quality.

audit 52

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CPA Practice

NOVEMBER 13, 2023

Founded in 2001 by Managing Partner Dennis Szymkowiak, the firm bearing his name focuses on tax, assurance, and advisory services for closely held and private equity-owned companies, high-net-worth individuals, and family offices. The firm also provides outsourced corporate tax and accounting advisory services.

CPA 110

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MyIRSRelief

APRIL 22, 2024

Navigating tax issues can be daunting, especially when facing audits, unpaid taxes, or payroll problems. This FAQ guide provides insights into common tax problems and solutions available in Corona, CA. What is Audit Representation and How Can It Help Me in Corona, CA? I owe back taxes to the IRS or FTB.

Tax 130

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ThomsonReuters

JULY 6, 2023

Tax teams prepare tax provisions by gathering data, performing calculations, and entering the results into forms. However, corporate tax teams find it difficult to automate this process. APIs enable consistent data capture and provide an audit trail of the calculations performed. What are APIs and how do they work?

Tax 92

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ThomsonReuters

NOVEMBER 8, 2022

Some of the latest additions that customers may find useful include: A Special Report on tax jurisdictional perspectives that addresses current trends in corporate tax transparency to align with ESG reporting. The post What’s Hot on Checkpoint for Accounting, Audit, and Corporate Finance Professionals?

accounting and finance 59

accounting and finance audit Finance Account 59

CPA Practice

DECEMBER 14, 2023

corporate tax and auditing professionals, conducted between Oct. “AI is here, and accountants are actively embracing the technology,” Bill Armstrong, chief innovation officer at Moss Adams, said in a statement. The survey of 500 U.S. 27 and Nov.

Account 119

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PYMNTS

OCTOBER 25, 2019

Treasury Inspector General for Tax Administration is calling into question the Internal Revenue Service’s corporate auditing performance. ” It emphasized that more efficient auditing tactics are even more important in this context. Finance predicting more IRS tax reforms ahead.

audit 40

audit corporation tax tax return Tax 40

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. The following guide offers numerous strategies and tips that owners of S corporations can use to lower their taxes, including deductions and credits.

corporation tax 52

corporation tax Tax tax return income tax 52

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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ThomsonReuters

JULY 6, 2023

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?

Tax 98

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Withum

MAY 15, 2024

Now that the ink has dried on your corporate tax return, it is time to consider your next important tax filing. Recently, the requirement that determines when audited financial statements are required changed. Plans with less than 100 participants do not have to be audited by an independent qualified public accountant.

audit 78

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Going Concern

APRIL 12, 2024

The city’s audit committee, a monitoring body that tracks the findings and recommendations of Montreal’s auditor general, comptroller general and external auditors, makes the observation in its latest annual report. Firms also annually share information such as a list of their public-company audit clients and the addresses of their offices.

CPA 105

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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. He brings a wealth of experience to this role including a Ph.D.

Iowa 111

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ThomsonReuters

FEBRUARY 19, 2025

ONESOURCE uses data mining and next generation risk assessment (NGRA) tools to create a digital audit trail and enable comprehensive risk management, reducing the risk of audits and penalties. Data security is enhanced through a 24 x 7 x 365 security operations model with advanced encryption and continuous monitoring.

Technology 52

Technology Tax audit Legal 52

ThomsonReuters

NOVEMBER 19, 2024

Corporate tax departments also must contend with limited resources, including budget constraints and a shortage of skilled professionals. While the physical medical device might be subject to a reduced VAT rate as a healthcare-related good, the accompanying support services may be taxed at a higher rate.

Technology 59

Technology Tax tax return corporation tax 59

ThomsonReuters

JANUARY 9, 2025

Mistakes in tax calculations, audits, fines, and penalties can all lead to revenue losses. The growing complexity of regulations makes it extremely challenging for businesses to ensure accurate and compliant statutory reporting when relying on traditional, manual methods.

Technology 52

Technology Government financial statements Tax 52

TaxConnex

DECEMBER 1, 2022

The plaintiffs have reportedly said that Louisiana’s patchwork sales tax compliance system is a labyrinth filled with audit traps and now say the case belongs in federal court because Wayfair was ultimately decided in the U.S. For tax years beginning on or after Jan. Supreme Court. Best and worst.

Sales 130

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