CTP

MARCH 17, 2025

Partnerships are pass-through entities, so they are not subject to corporate income tax. Instead, they pass the profits onto the owners who then pay personal income tax based on their tax bracketsa setup that can provide significant tax advantages to these owners. No gain means no tax!

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CTP

JANUARY 22, 2025

What if you could save for these necessary expenses and lower your tax liability at the same time? This article will cover the tax benefits that come with HRAs and the different types available. The funds received are tax-free for the employee. C corporations are also common adopters of HRAs.

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CTP

NOVEMBER 15, 2023

Do you feel that you pay too much in tax? The General Accounting Office estimates that Americans over-pay their taxes by almost a billion (yes, that’s billion) dollars each year! That’s why tax planning is gaining in popularity. Some obvious reasons are mistakes or oversights on their tax returns. You’re not alone.

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tax planning Tax tax preparation tax return 111

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.

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CTP

JUNE 10, 2022

This can lead to overlooking one key part of the sales process: tax planning. The decisions you make in structuring the sale will have a direct effect on later tax implications and how much of a profit you actually end up making. An S corporation might have accounts receivable, notes receivable, or tax receivable.

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CTP

OCTOBER 31, 2022

Selling your business may not be as profitable as you expect, especially if you have not taken the tax consequences into consideration. Business owners need to be prepared with a tax strategy before selling some or all of their shares or business assets. The double tax effect dramatically reduces the profits from the sale.

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ThomsonReuters

APRIL 22, 2025

ONESOURCE Pagero and Oracle solutions help multinational corporations stay compliant. Electronic invoicing (e-invoicing) is shaking up the world of global tax compliance. To gain a deeper understanding of the future of global e-invoicing and its implications for businesses, we recently interviewed a group of tax experts from KPMG.

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