ThomsonReuters

DECEMBER 20, 2020

What is the difference between sales tax and value-added tax (VAT)? Both sales tax and VAT are types of indirect tax – a tax collected by the seller who charges the buyer at the time of purchase and then pays or remits the tax to the government on behalf of the buyer. legal services).

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TaxConnex

DECEMBER 1, 2022

There’s always something changing in the world of tax, especially sales tax. An Arizona business challenging Louisiana’s remote seller sales tax structure is appealing to the U.S. The five worst states for business based on sales tax are Alabama, Washington, Louisiana, California and Tennessee.

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BurklandAssociates

MAY 14, 2024

Staying on top of corporate taxes, payroll taxes, sales tax, and other tax obligations is a vital aspect of running a successful startup. The post Taxes for Early-Stage Startups: What Do I Have to Pay? appeared first on Burkland.

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DuctTapeMarketing

JULY 14, 2018

They’ll partner you with a dedicated accounting team and provide three simple monthly rates that include your bookkeeping, sales tax, planning support, corporate tax return, and unlimited access to your dedicated CPA team. Customer Journey. Mobile Marketing. Email Marketing. Paid Search. Social Media. Advertising.

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Accounting Today

JULY 21, 2022

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Ronika Khanna CPA,CA

APRIL 26, 2024

Business tax instalment payments (including GST-QST instalments ) This means that instead of entering the data on the forms that are available via my business account at CRA and RQ and then going to your bank to make payment, either online or via mail, it can all be done at one time through one form that serves as both tax filing and payment.

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ThomsonReuters

JUNE 26, 2024

Businesses must innovate and adapt to the changing indirect tax landscape to stay competitive. Corporate tax departments are using technology increasingly as a strategic partner to address these issues. The 2023 State of the Corporate Tax Department study describes this shift as going from a reactive to a proactive state.

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ThomsonReuters

MAY 12, 2022

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible.

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ThomsonReuters

JULY 5, 2024

Staying compliant with tax requirements is stressful enough when everything runs smoothly. However, managing tax compliance becomes increasingly complex as your company grows, making simplifying tax management a top priority. Evaluating your current corporate tax solutions As your business expands, so must your technology.

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ThomsonReuters

NOVEMBER 2, 2021

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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PYMNTS

SEPTEMBER 27, 2018

Western Union is reportedly considering a sale of its business payments operation, unnamed sources told Bloomberg on Wednesday (Sept. The sources said a deal could give Western Union a $500 million boost, and that the institution plans to start discussing a sale with potential buyers in a few weeks.

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SMBAccountant

MARCH 8, 2023

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. Tax accountants must use the Internal Revenue Code (IRC) to provide accurate tax returns.

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MyIRSRelief

OCTOBER 11, 2024

Common personal tax services: Individual income tax returns Tax return amendments Tax extensions Estimated tax payments Tax refund maximization Business Tax Preparation Business owners face unique tax challenges, including corporate taxes, payroll taxes, and sales taxes.

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CTP

JUNE 10, 2022

Even if you have never assisted a client with the sale of a business, as a tax planner you have the potential to provide tremendous value in the planning process. Many business owners may also be navigating a sale for the first time and likely have little insight into the tax implications and how to set themselves up for savings.

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ThomsonReuters

DECEMBER 20, 2020

Wayfair decision dramatically shifted the sales tax landscape in the United States. Companies of all sizes are facing sales tax compliance obligations that are more complex than ever. So how do you determine if you have a sales tax obligation in multiple states? The 2018 Supreme Court South Dakota v.

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TaxConnex

NOVEMBER 10, 2022

Gain insight into why Robert started TaxConnex and his plans for our future as well as how sales tax has evolved over the years. I graduated in 1985 with a Masters in Tax. I was trained in income tax and expected to have a career in public accounting, but I only lasted a few years in a couple of different large CPA firms.

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MyIRSRelief

MAY 19, 2023

According to the New York State Department of Taxation and Finance, the state collected over $78 billion in tax revenue in the 2021 fiscal year, with the majority coming from personal income tax and sales tax. Sales Tax: New York has a state sales tax rate of 4%, with local sales taxes ranging from 3% to 4.875%.

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ThomsonReuters

JANUARY 9, 2024

Jump to: How are C corporations taxed? When are C corp taxes due? How do C corps file taxes? How can C corporations reduce their taxes? But what does that mean for your taxes? How are C corporations taxed? This means that a C corp’s profits are effectively taxed twice.

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Ronika Khanna CPA,CA

MAY 5, 2024

To better understand this it helps to understand other transaction types that are not journal entries in Quickbooks Online : Sales transactions that are entered as invoices or payments of invoices Expense transactions that are entered through bills and payments of bills.

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ThomsonReuters

MARCH 1, 2024

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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ThomsonReuters

NOVEMBER 19, 2024

Corporate tax departments also must contend with limited resources, including budget constraints and a shortage of skilled professionals. MedTech companies often operate globally, with production, distribution, and sales spanning multiple countries. Cross-border transactions.

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Ronika Khanna CPA,CA

JUNE 7, 2024

Sales tax returns reflect the amounts charged on products and services, which are collected on behalf of the government. FAQ on GST/HST Income/Corporate Tax Obligations Incorporated Businesses All incorporated businesses are required to file Corporate Tax Returns also referred to as the T2 *and CO-17 in Quebec).

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ThomsonReuters

NOVEMBER 1, 2024

Brad Colie , Director of Pagero Sales at Thomson Reuters, called attention to global regulatory trends increasing business risks. These trends are driving the need for enhanced tax compliance strategies and advanced e-invoicing processes : Increased tax audits: Frequent and stringent tax audits are on the rise.

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Going Concern

OCTOBER 18, 2024

Why ‘Trust’ in Data is Even More Important in an Era of Global Taxes [ PwC ] We are in a time of unprecedented change in the global tax and compliance landscape — exemplified by the OECD’s Pillar Two.

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CPA Practice

JULY 16, 2024

Wittmer is a principal in Grant Thornton’s Tax practice and has more than 35 years of experience serving public, private and foreign-owned clients in a variety of industries. Acton brings more than 30 years of experience to the role with marketing, sales and brand-building work in both consumer and business markets.

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Cherry Bekaert

MAY 3, 2024

blocker corporations for U.S. individual taxpayers and partnerships began following the Tax Cuts and Jobs Act of 2017, when the corporate income tax rate was reduced from 35% to 21%. This made the corporate tax rate significantly less than the maximum individual tax rate of 37%. tax return.

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ThomsonReuters

DECEMBER 13, 2021

As the pace of new tax compliance challenges accelerates , tax teams need constant access to accurate data that keeps up with changing sales tax reporting rules and complies with ever-evolving regulations. Meeting sales tax reporting and filing obligations is even more complex when your business transacts online.

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CTP

MARCH 17, 2025

If we compare this again to an S corporation, the rules are different. When you exit an S corporation and take your assets with you, the distribution you receive is considered a deemed sale at fair market value. The possibility of an increased tax bill can become an obstacle to exiting the company.

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Going Concern

JANUARY 2, 2023

2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions [ PDF ]; ASU No. So what do we know about the accounting rule makers and the leaders of the foundation that oversees them, who could all of a sudden have a big say in tax policy? The six ASUs are: ASU No.

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SkagitCountyTaxServices

FEBRUARY 27, 2025

Beyond just taxes, this includes things like your budgeting system, your sales strategies, and your entity type, to name a few. Not all businesses qualify for S corp status, and some states have their own rules and taxes, so make sure you check the specifics before making the switch. A C corp might be the ticket.

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MyIRSRelief

APRIL 29, 2024

Tax specialists familiar with R&D tax credits, stock options, and angel investor regulations are key for tech businesses to navigate their unique financial landscape. Understanding sales tax regulations, occupancy taxes, and fluctuating seasonal income is essential for these businesses.

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inDinero Tax Tips

APRIL 11, 2023

From startups to public enterprises, your bottom line is affected by your state of incorporation’s corporate income tax, excise (sales and use) tax, sales tax, physical and economic nexus tax, franchise tax, and gross income tax. Does Delaware Have Sales Tax?

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ThomsonReuters

JULY 6, 2023

research and development credits) Trade and customs tax services and guidance Transfer pricing evaluation , documentation, and modification of existing policies Tax valuation services What does a tax advisor do?

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PYMNTS

FEBRUARY 27, 2018

New analysis from the International Business Brokers Association (IBBA) suggests small business (SMB) sales will surge in the U.S. this year, driven largely by tax reform. 26), which found that nearly three-quarters of surveyed advisors and brokers predict sales of SMBs in the country to increase this year.

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ThomsonReuters

DECEMBER 5, 2024

And for those accounting professionals working in corporate tax departments, the need to know how new tax regulations will impact their businesses is paramount. Thats why it is important to leverage a tool during your tax research process that provides the fastest answers to the most complex tax law and regulatory questions.

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CTP

MARCH 17, 2025

Again, we can compare this to what would happen in an S corporation. To exit an S corporation, when a shareholder receives that distribution, it is considered a deemed sale at fair market value. Unlike with a partnership, the distribution is not a tax-free transaction by default.

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CPA Practice

SEPTEMBER 11, 2024

We are thrilled to be collaborating with SAP to reduce the complexity and burden of complying with emerging regulations,” said Ray Grove, head of corporate tax and trade at Thomson Reuters. tax reporting. for SAP S/4HANA Cloud, public edition, and ONESOURCE Tax Provision for SAP S/4HANA Cloud.

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