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How to efficiently file a business tax return: A workflow guide for accounting firms

ThomsonReuters

Filing business tax returns is no doubt an intricate process, but with the right workflow, accounting firms can streamline the process, reduce errors, and ensure compliance. Financial statements, dividend records, and documentation of corporate-specific deductions for Form 1120. Partnership. Corporation. S corporation.

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How to efficiently file individual income tax returns: A workflow guide for accounting firms

ThomsonReuters

Filing individual income tax returns can be a complex process, but with the right workflow, professional tax preparers and accounting firms can streamline the experience for both clients and staff. Harnessing technology for individual income tax return filing can transform the efficiency of accounting firms.

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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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What is Schedule K-1?

ThomsonReuters

Schedule K-1s, which are tax forms used to report a partner’s or shareholder’s income, losses, capital gain, dividends, etc., K-1s are tax forms that are used for business partnerships to report to the IRS a partner ’s income, losses, capital gain, dividends, etc., to the IRS, are sent to more than 40 million U.S. taxpayers each year.

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Prioritizing the implementation of accounting advisory services

ThomsonReuters

← Back to blog For many accounting firm owners and leaders, the idea of transforming their practices from a traditional, transaction-based model into an advisory-centric firm is an appealing one. Meanwhile, clients are looking for accountants who can provide real-time, data-driven insights to help them make informed decisions.

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Why Choose Thomson Reuters ONESOURCE for your Indirect Tax Needs?

ThomsonReuters

It’s a decision that paid big dividends. This includes major ERP vendor sales teams in the enterprise sector and the largest global accounting firms and system integrators. Adobe used Determination to transform its manual processes into a single, global platform for managing indirect tax.

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

ThomsonReuters

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. Passive income, such as interest, dividends, and rental income, does not qualify for the FEIE. To report foreign dividend income on your U.S. Foreign earned income.