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7 steps for an accurate and successful corporate tax return filing

ThomsonReuters

As a corporate tax professional, you know the complexities of complying with business taxation requirements. Your company may have to file corporate tax returns in multiple states and local jurisdictions, as well as with federal — and perhaps international — tax authorities. is a C corporation.

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How are S corporations taxed? Tips for filing and reducing taxes as a pass-through entity

ThomsonReuters

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.

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Not for Profit Structures

Menzies

To help, we have prepared a summary of the various vehicles that can be used, and their main features. The main ways in which NFP entities are set up are as follows:- Community Interest Companies (CICs) These are like “normal” companies except that these have “CIC” after their name rather than “Limited”.

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New rules for the submission of R&D tax relief claims

Menzies

What are the changes to making R&D tax relief claims? Companies submitting R&D claims will now have to complete an online submission, in addition to the disclosure included in the corporation tax return and associated computations.

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Tax Considerations For Office Refurbishments

Menzies

What’s in the Main pool? Main pool capital allowances offer tax relief for items that are moveable or classed as ‘plant and machinery’ including furniture, computers, and televisions. Claims made after this will have a greatly decreased return.

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Tax Rates & Reliefs

Inform Accounting

In this blog we set out some of the main tax rates. INCOME TAX The personal allowance and basic rate band threshold are now frozen in place until 5 April 2028. As earnings increase, individuals will move into higher tax bands. These allowances are in addition to the personal allowance and attract a 0% rate of income tax.

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Tax Season 2021: Prepare Now (Don’t Miss These Deadlines)

LyfeAccounting

On the other hand, if you’ve paid very little attention to some of the tax changes or programs then you’ve got a lot to catch up on. Regardless of where you are our team at, LYFE Accounting specializes in business tax returns and we’re ready to help you this year. The main thing you need to have is your bookkeeping done.

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