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Exploring key 2024 tax bill proposals

ThomsonReuters

Tax policy impact: The No Capital Gains Allowance for American Adversaries Act proposes significant changes to tax treatment for gains and dividends derived from specified countries of concern. Tax firms must stay informed about these potential amendments to advise clients effectively.

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8 strategies to increase your tax and accounting firm’s profitability

ThomsonReuters

For small and mid-sized tax and accounting firms, there are plenty of ways to do so. 8 ways small and mid-sized accounting firms can increase profitability. Maybe you’re paying for expensive office rent when you could operate a remote-based firm instead. Revisit your accounting firm’s marketing strategy.

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Overview of U.S. taxes on foreign income for individuals

ThomsonReuters

tax system applies to them and how they can ensure compliance while minimizing tax liability. From understanding what foreign income is to navigating various tax forms and deductions, it is important for accountants to understand the ins and outs of U.S. Helping clients with foreign income tax forms For U.S. Foreign earned income.