ThomsonReuters

DECEMBER 1, 2023

Therefore, helping business clients save money and reduce their tax burden by expensing property they’ve purchased for their company and claiming deductions for  depreciation  or  amortization  of assets is critical. Let’s take a closer look at the form and its uses. However, Form 4562 also has additional uses.

Intangible Assets 97

Intangible Assets 97

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.

Compliance 105

Compliance Technology 105

ThomsonReuters

FEBRUARY 1, 2024

Jump to: What is a reverse sales tax audit? What is a reverse sales tax audit? Correction of taxes overcharged to customers is handled a bit differently. In those cases, the overtaxed amount must be returned to the customer before the tax authority will issue a refund. Why would a company overpay taxes?

Compliance 52

Compliance Start-ups 52

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is indirect tax? Types of indirect tax The value of indirect tax to tax professionals Differences between direct and indirect tax Tax planning and management is one of the primary areas accountants help their clients. Taxes are either direct tax or indirect tax.

Compliance 52

Compliance Accounting Firms Marketability 52

ThomsonReuters

JUNE 15, 2022

In the middle of a busy legislative season, several states have made important changes in their tax code that practitioners across the nation will want to be aware of in order to service clients who may have multistate needs. Tax Relief Enacted in Delaware, Florida, Georgia, and New Mexico. Florida Sales Tax Holiday.

Start-ups 105

Start-ups 105

ThomsonReuters

FEBRUARY 9, 2024

As we step into a new year, the taxation realm is abuzz with discussions surrounding the Tax Relief for American Families and Workers Act of 2024. However, amidst this spotlight, there are other tax proposals quietly gaining momentum. Firms must prepare for potential shifts in tax liabilities and advise clients accordingly.

Compliance 110

Compliance Dividends Technology Accounting Firms 110

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is direct tax? What is indirect tax? Direct tax and indirect tax. The differences between direct tax and indirect tax are important to understand. The differences between direct tax and indirect tax are important to understand. Direct tax is progressive in nature.

Compliance 52

Compliance 52

Machen McChesney

JANUARY 10, 2023

states require businesses to collect and remit sales and use taxes even if the business has no in-state physical presence, only an economic presence within their state.

86

86

ThomsonReuters

JULY 25, 2023

A company’s decision to introduce indirect tax (IDT) automation into its tax processes is often fraught with indecision and uncertainty. Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be.

Start-ups 93

Start-ups Technology Compliance Finance 93

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.

119

119

Trout CPA

JANUARY 4, 2023

states require businesses to collect and remit sales and use taxes even if the business has no in-state physical presence, only an economic presence within their state. Left unchecked, these state and local tax obligations, and the corresponding potential liability for tax, interest and penalties, will grow over time.

Compliance 52

Compliance eCommerce 52

ThomsonReuters

AUGUST 9, 2022

Effective July 1, 2022, as required by the Infrastructure Investment and Jobs Act (IIJA) passed last November, the Internal Revenue Service (IRS) has reinstated the Superfund Chemical Excise Tax on a wide range of chemicals and substances. What is the purpose of the Superfund Chemical Excise Taxes? Are exporters being taxed?

Start-ups 97

Start-ups Appraisal Technology 97

ThomsonReuters

JUNE 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you know that differentiating yourself from the competition is always top of mind. Your long-term success hinges on capturing opportunities that cultivate deeper and more meaningful client relationships—and that’s where advisory services come in.

Accounting Firms 93

Accounting Firms Compliance Technology Marketability 93

ThomsonReuters

JANUARY 28, 2022

Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. But for some tax and accounting firms, the high volume of clients from January to April represents the majority of their business for the year.

Accounting Firms 102

Accounting Firms Start-ups Finance Marketability 102

Peak Business Valuation

SEPTEMBER 5, 2023

Tax preparation businesses provide various tax-related services to individuals and businesses. This may include tax return preparation, tax planning, income tax filing, etc… As such, the tax preparation industry retains steady demand during tax season. Peak Business Valuation is here to help!

Discounted Cash Flow 52

Discounted Cash Flow Business Valuation Appraisal EBITDA 52

IVSC

MAY 17, 2024

Join us as we embark on a transformative journey to unlock the genuine worth of intangible assets and empower valuation professionals across Asia. Join us as we embark on a transformative journey to unlock the genuine worth of intangible assets and empower valuation professionals across Asia.

Intangible Assets 130

Intangible Assets Business Valuation Appraisal Finance 130

ThomsonReuters

AUGUST 25, 2023

Jump to: How does depreciation affect corporation taxes? What is the depreciation guidance for corporate alternative minimum tax? With tax obligations on the rise, your role as a trusted advisor is bound to grow in importance. Furthermore, 73% said they expected their total tax liability to increase over the next 12 months.

Treasury 98

Treasury 98

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is direct tax? Examples of direct tax Understanding tax provision Understanding state apportionment Differences between direct and indirect taxes When a taxpayer must pay taxes directly to the government, meaning the taxes cannot be shifted to other entities or individuals, it is known as direct tax.

Compliance 52

Compliance Finance 52

Peak Business Valuation

MARCH 2, 2024

Who likes overpaying for taxes? Most individuals want to pay exactly what they owe in taxes—no more, no less. Equipment appraisals play a crucial role in tax reporting. These valuations provide businesses with the understanding necessary for tax compliance and optimization. To this day, we have not met anyone who does.

Appraisal 52

Appraisal Business Valuation Compliance Fair Market Value 52

ThomsonReuters

JULY 6, 2023

What are business advisory services? Business advisory services capitalize on the unique insight of accounting firms to make a profitable shift from serving clients as a once-a-year tax compliance processor to a year-round strategic business advisor. Today, technology can automate the entire tax compliance workflow.

Accounting Firms 98

Accounting Firms Start-ups Compliance Mergers & Acquisitions 98

ThomsonReuters

DECEMBER 19, 2023

Jump to: What are the tax credits available for electric vehicles? How does the electric vehicle tax credit work? For accountants, understanding these tax credits is essential in ensuring clients make the most of their investment in clean vehicles. What are the tax credits available for electric vehicles?

Compliance 52

Compliance Finance 52

Biz Equity

MARCH 17, 2023

Introduction Every business owner will need to exit their company at some point in time, whether it be an opportunistic sale, retirement, disability, or other reasons. The annual federal gift tax exclusion allows an individual to gift up a specified amount each year that will not be counted toward the so-called “ lifetime exemption”.

Business Valuation 98

Business Valuation 98

Equilest

FEBRUARY 10, 2024

In this article, we'll explore the crucial role that Certified Public Accountants (CPAs) play in facilitating successful business sales. In this article, we'll explore the crucial role that Certified Public Accountants (CPAs) play in facilitating successful business sales.

Business Valuation 40

Business Valuation Fair Market Value Marketability Asset-based Approach 40

ThomsonReuters

JULY 6, 2023

It’s called advisory services, and it builds on the client relationships you already have and the expertise you’ve worked so hard for. Here, we make the case by taking a look at the current landscape of the accounting profession and why transitioning to advisory services could be the career path you’ve been looking for.

Finance 98

Finance Accounting Firms Start-ups Technology 98

ThomsonReuters

AUGUST 25, 2023

Jump to: What is tax depreciation on rental property? How is depreciation taxed on the sale of rental property? How do you avoid depreciation recapture tax on rental property? There are also tax benefits to be gained. million American tax filers declared rental income in 2019.

Compliance 52

Compliance Technology 52

ThomsonReuters

DECEMBER 19, 2023

Jump to: What environmental tax breaks are available? Helping your clients with claiming environmental tax credits As sustainability initiatives gain momentum, the IRS continues to encourage environmentally conscious actions through a range of tax incentives. What environmental tax breaks are available? 

Compliance 52

Compliance Finance Technology 52

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.

Compliance 72

Compliance Marketability 72

Harvard Corporate Governance

JANUARY 11, 2024

These adjusted metrics are useful to investors and other stakeholders in understanding a company’s core operating results and facilitating year-over-year business performance comparisons. Common examples include a loss on the sale of an asset or the effect of changes in foreign exchange rates. Bebchuk and Jesse M.

Capital Structure 135

Capital Structure Finance 135

ThomsonReuters

OCTOBER 27, 2021

Even companies that do not offer any software services or dashboard access may be involved in the purchase of software or software services. Software, and particularly cloud-based hosted solutions, does not fit comfortably into the customary sales and use tax tangible personal property versus service dichotomy.

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59

ThomsonReuters

OCTOBER 19, 2023

This presents a unique opportunity for accounting firms and tax accounting professionals to enhance their revenue streams by diversifying their service offerings. This presents a unique opportunity for accounting firms and tax accounting professionals to enhance their revenue streams by diversifying their service offerings.

Compliance 111

Compliance Accounting Firms Start-ups Mergers & Acquisitions 111

Peak Business Valuation

JUNE 9, 2023

The tax preparation industry has experienced healthy growth. These determinants have a significant influence on the demand for tax preparation services. As such, it may be a good time to buy , expand , or sell a tax preparation business. There are many factors to consider when valuing a tax preparation business.

Business Valuation 52

Business Valuation Appraisal EBITDA Fair Market Value 52

ThomsonReuters

JULY 6, 2023

In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. Instead, they can shift their focus to more value-added activities like providing financial insights and helping clients navigate the complexities of tax law.

Start-ups 88

Start-ups Compliance Accounting Firms Technology 88

ThomsonReuters

FEBRUARY 2, 2022

the potential market available to tax and accounting firms is massive. Here are a few ways you can market your firm’s services to individuals and small businesses. How to market tax and accounting services. People search online for products and services, including accounting services.

Accounting Firms 98

Accounting Firms Marketability B2C Start-ups 98

Viking Mergers

MAY 18, 2023

Know the Virtual Landscape E-commerce is a rapidly expanding way to do business, with over one-fifth of worldwide sales estimated to take place online in 2023. Since these values all mean different things to your company, an advisor or broker will use their expertise to determine the most appropriate figures to use in negotiations.

Start-ups 214

Start-ups Book Value Enterprise Value Marketability 214

Peak Business Valuation

MAY 22, 2023

Tax laws and regulations are constantly changing in the United States. For this reason, the tax preparation industry plays a vital role in the economy. Tax preparation businesses help individuals and businesses navigate their taxes. As taxes become more complex, demand for the tax preparation industry increases.

Business Valuation 52

Business Valuation Appraisal Fair Market Value Marketability 52

ThomsonReuters

MARCH 1, 2024

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? How a corporate tax software can help filing S corporation taxes Setting up your business as an S corporation (S corp) provides several tax advantages that are not available to owners of C corporations (C corp) or Limited Liability Companies (LLCs).

Start-ups 52

Start-ups Dividends Marketability 52

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? But what does that mean for your taxes? How are C corporations taxed? What is “double taxation”?

Dividends 52

Dividends Start-ups 52