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Understanding the Tax Relief for American Families and Workers Act of 2024

ThomsonReuters

This legislation is designed to provide crucial support to American job creators, small businesses, and working families. With a focus on alleviating the burden of rising prices and interest rates, this tax relief package is a vital step towards fostering a healthier economy and creating greater opportunities for all.

Tax 105
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Exploring key 2024 tax bill proposals

ThomsonReuters

As we step into a new year, the taxation realm is abuzz with discussions surrounding the Tax Relief for American Families and Workers Act of 2024. However, amidst this spotlight, there are other tax proposals quietly gaining momentum. Firms must prepare for potential shifts in tax liabilities and advise clients accordingly.

Tax 110
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Revolutionizing tax compliance: The power of embedded solutions in ERP systems

ThomsonReuters

Blog home Managing tax obligations in large organizations is a multifaceted challenge that demands precision, efficiency, and a deep understanding of ever-evolving regulations. This is where embedded tax solutions come into play. Highlights: Tax management in large organizations is complex and needs precision.

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IRS Continues to Issue Guidance for Implementing Clean Energy Tax Credits

Cherry Bekaert

Additionally, the IRS opened access to the pre-filing registration tool for taxpayers and tax-exempt entities looking to monetize IRA and Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act related eligible tax credits. The tax credit is effective for sales that take place after December 31, 2022. per kilogram.

Tax 101
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Transforming together: The importance of building a strategic partnership between IT and indirect tax

ThomsonReuters

Technologically speaking, this journey typically involves organizing a company’s business operations around a cloud-based Enterprise Resource Planning (ERP) platform through which various software tools for the company’s core functions—e.g., finance, tax, e-commerce, sales, marketing, human resources—are integrated and run.

Tax 52
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How to efficiently file individual income tax returns: A workflow guide for accounting firms

ThomsonReuters

Filing individual income tax returns can be a complex process, but with the right workflow, professional tax preparers and accounting firms can streamline the experience for both clients and staff. Harnessing technology for individual income tax return filing can transform the efficiency of accounting firms. Jump to: 1.

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Managing strained accounting firm capabilities

ThomsonReuters

Many of today’s tax and accounting practices are struggling with strained firm capabilities. Firm resources often include, but are not limited to: Employees Technology solutions and other business equipment Working space Capital to pay employees, obtain office space, purchase technology, etc. Is your firm among them?