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

ThomsonReuters

The benefits of these solutions are clear: reduced manual effort, increased accuracy, and better control over tax processes. Learn more about embedded tax solutions and how they can benefit your organization, download our white paper on business tax transformation today.

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

ThomsonReuters

Flexible Income Lookback : Taxpayers can choose to use either current or prior-year income to calculate the child tax credit in 2024 and 2025, providing flexibility in determining eligibility. Inflation Adjustment : Starting in 2024, the child tax credit will be adjusted for inflation to keep up with the rising cost of living.

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Reflecting on tax season: How to make changes for next year

ThomsonReuters

Meet increasing client demands Todays clients expect more than just tax preparation; they want strategic advice, real-time insights, and personalized service. The challenge for many firms is balancing these expectations with the realities of a busy tax season.

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House passes the Tax Relief for American Families and Workers Act of 2024

ThomsonReuters

As the bill progresses through the Senate, its potential impact on American taxpayers and the economy remains to be seen.

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House passes the Tax Relief for American Families and Workers Act of 2024

ThomsonReuters

As the bill progresses through the Senate, its potential impact on American taxpayers and the economy remains to be seen.

Tax 98
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Exploring key 2024 tax bill proposals

ThomsonReuters

As these proposals progress, it will be interesting to see how they shape the future of taxation in the United States. Stay tuned for further updates on these developments!

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IRS Continues to Issue Guidance for Implementing Clean Energy Tax Credits

Cherry Bekaert

The tax credit provides a varying, four-tier incentive depending on the carbon intensity of the hydrogen production pathway. The Department of Energy (DOE) released a white paper describing how to assess lifecycle greenhouse gas emissions associated with the use of electricity in hydrogen production.

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