Remove audit Remove corporation tax Remove tax accountant
article thumbnail

Financial vs Tax Accounting

SMBAccountant

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.

article thumbnail

Enrolled Agent Near Me: Comprehensive Tax Services for Individuals and Businesses

MyIRSRelief

An Enrolled Agent (EA) is a federally-authorized tax practitioner who has technical expertise in the field of taxation and is empowered by the U.S. Department of the Treasury to represent taxpayers before the Internal Revenue Service (IRS) for tax issues including audits, collections, and appeals.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IRS introduces business tax accounts as it targets big corporations for audits

Accounting Today

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

article thumbnail

Improving Workpaper Tools and Processes Could Unlock Opportunities for Corporate Tax Professionals

CPA Practice

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. The majority of tax accountants face issues with managing data across key tax deliverables.

article thumbnail

Bloomberg Tax & Accounting Introduces AI Expression Generator and Enhanced Integrations for Workpapers

CPA Practice

Bloomberg Tax & Accounting has announced new enhancements to Bloomberg Tax Workpapers, including an innovative AI formula generator and additional integrations with Bloomberg Tax’s Fixed Assets and Tax Provision solutions.

article thumbnail

Bloomberg Tax & Accounting Enhances Fixed Asset System

CPA Practice

“Integrating Bloomberg Tax Fixed Assets with our Workpapers software marks a significant step forward in our commitment toward streamlining corporate tax workflows,” said Lisa Fitzpatrick, president of Bloomberg Tax & Accounting.

article thumbnail

BEPS 2.0 Pillar Two – What Tax Teams Need To Succeed 

CPA Practice

BEPS also requires that companies itemize their revenues by country, and as taxation bodies develop more sophisticated models that compare BEPS data with corporate tax return data, there may be an increase in investigations. Further, teams need to adapt to a shifting landscape of rules as the framework evolves over time.

Tax 98