CTP

NOVEMBER 15, 2023

The lowest level of credentials is a licensed tax preparer. For example, in California, this means a California Tax Education Council CTEC registered tax preparer (CRTP). CTEC certified preparers take a course in tax preparation, and go through an application process with the state.

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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? The post How are C corporations taxed?

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xendoo

SEPTEMBER 10, 2021

Corporate tax preparation . Business Tax Preparation and Filings. Taxes represent a unique SMB bookkeeping demand. On the one hand, tax preparation is a yearly chore, but on the other hand, business tax codes can be complex, and ever-changing. . Financial statements .

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xendoo

JANUARY 12, 2022

March 1, 2022: Farmers and fishermen must file individual income tax returns (unless they paid 2021 estimated tax by Jan 18, 2022). September 15, 2022: Partnership and S-corporation tax returns for the tax year 2021 must be filed by this date if an extension had been previously granted. Want to learn more?

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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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Going Concern

MARCH 24, 2023

Most wealthy countries make tax filing free, if the burden of preparation is even passed along to individuals at all. But, corporate tax filing services are (by dint of extensive lobbying) predatory, parasitic bottlenecks that deliberately complicate the tax filing process in order to make it unnavigable by ordinary people.

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xendoo

AUGUST 9, 2021

It is also necessary to meet government regulations and for proper tax preparation. Corporate tax preparation . Tax preparation services. Among its services, Xendoo includes: Tax preparation and consulting. Tax preparation (with the option to include personal taxes for a fee).

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ThomsonReuters

JULY 10, 2024

While routine manual tasks, audit documentation, and back-office functions like procurement and accounts payable are often the initial focus of these automation efforts, larger firms have extended this approach to handle the vast volumes of data generated by complex corporate tax returns.

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ThomsonReuters

JULY 6, 2023

Let’s take a look at what tax advisory is and how you can take advantage of this approach to serving clients. What are tax advisory services?

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CPA Practice

NOVEMBER 9, 2023

New features and enhancements in SurePrep TaxCaddy, Cloud Audit Suite, and ONESOURCE support the automation of tax workflows, driving efficiency and saving time for professionals in firms and corporate tax departments. This will not only save auditors time, but it will elevate confidence in results, and reduce risk for firms.”

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MyIRSRelief

APRIL 29, 2024

Audit Representation: In the event of an IRS audit, a qualified tax professional will represent your business, ensuring your rights are protected and navigating the process efficiently. The benefits of partnering with a specialized tax and accounting firm extend far beyond compliance and tax preparation.

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Going Concern

APRIL 12, 2024

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? Tesla Korea makes accounting errors [ The Chosun Daily ] Tesla Korea, the South Korean unit of U.S.

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MyIRSRelief

APRIL 22, 2024

Tax Preparation and Planning: Looking beyond immediate problems, Mike Habib can help prevent future issues. He offers ongoing tax preparation services and can develop personalized tax plans to minimize your tax burden and ensure future compliance.

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Canopy Accounting

SEPTEMBER 29, 2023

In this blogpost, we will explore the key aspects of Form 1120 and its significance in filing corporate taxes. As an accountant, it is essential to have a firm grasp of this form and its implications.

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SkagitCountyTaxServices

AUGUST 26, 2021

But opposing sources argue that this doesn’t take into account the many small C corporations that could possibly be affected by the proposed corporate tax rate increase. In fact, according to the Tax Foundation “more than half of the pass-through business income could face tax increases.”.

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CPA Practice

MARCH 26, 2024

Each application requested the same loan amount — $198,990 — backed up with a phony number of employees, payroll income, sales revenue and corporate tax returns for pre-pandemic years, according to Bailyn.

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xendoo

MAY 30, 2021

What Kinds of Taxes Can an S Corporation Expect to Pay in Florida? In Florida, S Corporations are not treated as traditional corporations when it comes to taxes. Thus, S Corporations do not pay the state’s 5.5% corporate tax. S Corporations are also exempt from federal income tax.

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inDinero Tax Tips

MARCH 3, 2021

Extension tax deadline for partnerships ( Form 1065 ). S Corporation Tax Deadlines. Original tax deadline for S Corporations ( Form 1120-S ). Extension tax deadline for S Corporations ( Form 1120-S ). C Corporation Tax Deadlines. Original tax deadline for C Corporations ( Form 1120 ).

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Accounting Insight

FEBRUARY 1, 2024

A large business tax enquiry / corporate tax enquiry is carried out by HMRC’s ‘Large Business’ directorate and ‘Wealthy & Mid-sized Business Compliance’ directorate. Remember, a corporate tax enquiry is not routine, despite what HMRC may suggest. What is a business tax enquiry / hmrc corporate enquiry ?

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Withum

OCTOBER 18, 2023

The QBI deduction was adopted primarily to keep pass-through business owners on a level playing field with large corporations that are enjoying a permanent flat 21% federal tax rate. However, unlike the reduced corporate tax rate, the QBI deduction is only temporary and no longer available after December 31, 2025.

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LyfeAccounting

NOVEMBER 4, 2020

C-corporations are required to pay corporate tax on the profits of the business. Currently, the corporate tax rate is 21%. Shareholders only pay tax if they receive dividends from the corporation which would be calculated on their individual tax return. Not to be confused with 1120S.

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LyfeAccounting

JANUARY 30, 2021

But for now, we would recommend you have this done by March 1st, so your tax preparer has enough time to file your business taxes. That is because March 15th is the deadline for businesses who are incorporated as a partnership, LLC, or S Corporation to file their taxes. April 15, 2021.

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Going Concern

JULY 21, 2023

KPMG Rolls Out Generative AI to Tax Pros, Launches Audit Pilot [ Bloomberg Tax ] Inside KPMG, its tax professionals are leaning on generative artificial intelligence to help corporate tax departments prepare for new requirements to disclose their tax obligations by country.

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xendoo

DECEMBER 11, 2022

Filing corporate taxes may be confusing, especially for larger businesses that need to consider depreciation, business expenses, and tax credits. Business tax services with CPAs can file all the tax forms for you, on-time and error-free. . We’ll file all the tax forms for you, with guaranteed accuracy.

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inDinero Tax Tips

NOVEMBER 15, 2021

After subtracting deductions, you’ll only need to pay taxes for your net revenue. The current business tax rate is 21% at the federal level, plus state corporate taxes that range anywhere from 0-11.5%. Each state has different tax laws , and it’s a good idea for businesses to get advice for tax preparation.

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LyfeAccounting

MAY 18, 2021

Tax Mistake #7: Failing to be taxed as an S-Corporation. We actually have a post covering the ins and outs of S-Corporation taxes so be sure to check it out when you get a chance. But, electing to be taxed as an S-Corporation can literally save you thousands of dollars in taxes.

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LyfeAccounting

APRIL 22, 2021

In 2019, Amazon broke its streak of paying $0 Federal taxes and actually owed money to the federal government. But don’t feel too bad for them as the rate came out to an approximate tax rate of 1.2% – far below the 21% corporate tax rate. Myth #2: Small businesses can’t write off taxes like Amazon does.

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Accounting Today

SEPTEMBER 24, 2024

Relative accuracy; biggest cyberthreats; end-of-year meetings; and other highlights from our favorite tax bloggers.

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Accounting Today

DECEMBER 22, 2022

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ThomsonReuters

APRIL 17, 2024

The ability of GenAI to process vast amounts of data quickly and accurately offers the promise of improved quality and accuracy of work, enhancing the overall efficiency of tax preparation and staying on top of compliance and regulations. “I think we are still in the early stages of generative AI.

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ThomsonReuters

MARCH 23, 2021

With this advanced preparation and the right tax software, resources, and support from a trusted partner, you’ll be able to build on the lessons learned from an extraordinary tax year and be ready for a smooth year-end close next season. Expedite your tax preparation with tax software. Do More with More?

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CPA Practice

MARCH 22, 2024

Wolters Kluwer CCH Tagetik has significant expertise and experience in supporting clients’ corporate tax needs in North America. Its solutions provide thousands of organizations with end-to-end sales and use tax automation, fully integrated direct tax preparation process, workflow automation and tax research.

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Accounting Insight

MARCH 3, 2023

These trends will lead to an increased interest among tax and accounting firms to outsource tax preparation services to free up staff time to focus on higher-value work. And governments around the world – 136, to date – have also already agreed to adopt the 15% minimum corporate tax.

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Ronika Khanna CPA,CA

FEBRUARY 23, 2023

Probably the most popular question posed to accountants and tax preparers (especially around this time of year) is “what types of expenses are deductible?”. This form can be found in most online tax filing software including Ufile and TurboTax. Corporations are required to file a separate corporate tax return.

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ThomsonReuters

APRIL 12, 2021

You must access and share up-to-date regulatory information in every jurisdiction where your organization operates while automating critical tax preparation processes. How tax software streamlines international tax preparation. Corporate Tax Technology: Stepping into the Future. Do More with More?

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ThomsonReuters

MARCH 5, 2025

In addition, AIs capabilities can make conducting bookkeeping, compliance, and return preparation more efficient. And with tax season underway, tax professionals can leverage AI to automate repetitive tasks and optimize workflows, thus speeding up tax preparation and reducing stress levels (their own and their clients).

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ThomsonReuters

NOVEMBER 6, 2024

As we delve into these anticipated changes, it’s crucial for tax and accounting professionals to understand the implications of these changes and adapt to the evolving tax environment accordingly. By embracing a broader advisory role , tax professionals can offer comprehensive solutions beyond traditional tax preparation.

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