ThomsonReuters

JULY 1, 2022

In our last edition of the Certified Payroll Professional Corner (CPP), we talked about penalties. This marks our eighth CPP Corner and we would be interested in receiving feedback from you about the CPP exam in general. These penalties are also discussed in Payroll Guide ¶4262 on the topic of correcting wage and tax statements.

Start-ups 89

Start-ups Compliance 89

ThomsonReuters

APRIL 21, 2024

For corporate tax professionals, navigating the ever-evolving landscape of tax codes and regulations is often a daunting task. Customs authorities may impose excessive fines and penalties for misclassifications, leading to unnecessary costs beyond inaccurate duty calculations. The stakes are high. The proposed H.R.

Compliance 52

Compliance Technology 52

ThomsonReuters

MARCH 17, 2023

As a trusted advisor to your clients, you understand the importance of having access to credible tax research sources to help you keep pace with today’s complex regulatory environment. This includes both primary and secondary sources of tax laws. What are the primary sources of tax law?

Treasury 59

Treasury Technology 59

ThomsonReuters

JUNE 15, 2022

The foundation of a successful tax practice rests on the technical knowledge of your people. While you can create a modern firm with automated processes and expansive service offerings, your clients won’t keep coming back if your team isn’t up to speed with the most recent tax law changes. When do tax law changes take effect?

Technology 98

Technology Compliance Finance Marketability 98

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

JULY 6, 2023

This trend is picking up pace as traditional accounting firms seek more strategic and meaningful work that goes beyond just tax returns. In fact, a Thomson Reuters Institute survey found that 95 percent of tax professionals believe their clients want business advisory services. Think about your interactions with current clients.

Accounting Firms 98

Accounting Firms Compliance Start-ups Marketability 98

ThomsonReuters

NOVEMBER 15, 2023

Jump to: Do charities get tax exemptions? What to know about Section 501 What is Form 990? How to file taxes for nonprofits What are the 501(c)(3) reporting requirements? Do charities get tax exemptions? are generally not tax exempt. Donations to non-charity organizations (i.e., What is Form 990?

Compliance 52

Compliance Finance 52

ThomsonReuters

DECEMBER 6, 2023

However, while the ERC served as a valuable support mechanism, it has also raised concerns about abuse when it comes to accurate claims for the credit. “Tax preparation is kind of the Wild West,” Creech began. billion of potentially fraudulent ERC claims for tax years 2020 through 2023.

Start-ups 105

Start-ups 105

ThomsonReuters

JANUARY 30, 2024

Over the next few years, dozens of countries will be rolling out mandates for e-invoicing and continuous transaction controls (CTCs) as part of a global trend toward the complete digitalization of tax reporting and remittance. What’s a tax director to do?

Compliance 52

Compliance 52

ThomsonReuters

NOVEMBER 15, 2021

Corporate tax teams responsible for collecting, managing, and paying indirect taxes face numerous challenges in today’s fractious tax landscape. For all too many managers, their days are filled with the stress of keeping pace with various changes in the indirect tax space. Indirect taxes: Much more than just a process.

Compliance 52

Compliance Technology 52

ThomsonReuters

FEBRUARY 15, 2023

Helping clients navigate the complexities of property tax is important for accounting firms. Property taxes and tax rates, which vary greatly among states and localities, can be confusing and are a major area of tax exposure and risk. Twelve states taxed some or all livestock.

Accounting Firms 59

Accounting Firms Finance Technology 59

ThomsonReuters

OCTOBER 12, 2023

expats pay taxes? Paying taxes on money earned abroad Avoiding double taxation Helping clients who live abroad with their taxes U.S. income tax returns, just like individuals living in the United States. However, the tax obligations for expats can be different and more complex due to their international status.

Compliance 75

Compliance Banking 75

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

BV Specialists

NOVEMBER 21, 2022

Working annually with a certified business appraiser can become a seamless part of your regular tax accounting processes and provide additional backup to your financial statements in the event any internal or external third parties ever want to review them with you.

Appraisal 84

Appraisal Banking Compliance Finance 84

ThomsonReuters

MARCH 6, 2024

So, what are users searching for this tax season? According to our most recent analysis, some of the most searched terms within Checkpoint Edge are tax credits, Employee Retention Credit (ERC) , and the Inflation Reduction Act (IRA). However, Form 941-X may currently only be submitted by paper, increasing processing times. (It

Marketability 52

Marketability 52

ThomsonReuters

APRIL 13, 2023

These two words can strike fear in the hearts of your tax and accounting clients: IRS audit. Understanding how to manage client expectations and concerns and how to get through the process is an essential skill in the tax and accounting professions. Getting a letter from the IRS about an audit can be frightening.

Accounting Firms 52

Accounting Firms Technology 52

Appraisers Blog

APRIL 1, 2024

The author is clearly ignorant on the differences between micro and macro appraisal methodology and has no clue about the merits of actual micro valuation analysis. The act of reviewing and qualifying data to come about the grid comps is not inconsequential, it’s the whole damned enchilada. Who needs tax appeals anyways.

Appraisal 98

Appraisal Comps Marketability Technology 98

Peak Business Valuation

MARCH 27, 2024

This is why we are so passionate about helping small business owners work with the SBA. We are happy to answer your questions about financing a small business. This understanding can help owners and stakeholders make informed decisions about business operations. Tax compliance is another essential part of this equation.

Appraisal 52

Appraisal Finance Business Valuation Compliance 52

ThomsonReuters

MAY 4, 2023

Like the trial court, the appellate court analyzed whether the TPA was a fiduciary either because it exercised discretionary authority or control over plan management, or because it exercised authority or control over management or disposition of plan assets. Thus, the TPA lacked discretionary authority over plan management.

Compliance 64

Compliance 64

ThomsonReuters

FEBRUARY 2, 2021

We’ve all heard the myths about cloud tax and accounting, including the intimidating theories that the cloud is not secure, expensive, complicated, or not up to compliance standards. However, the state of the tax and accounting industry is rapidly changing, and firms are having to shift their technology to keep from being left behind.

Compliance 98

Compliance Technology 98

ThomsonReuters

APRIL 7, 2022

QUESTION: Our company’s qualified transportation plan allows employees to purchase transit passes with pre-tax compensation. ANSWER: The Code provision authorizing qualified transportation plans indicates that the tax benefits under a qualified transportation plan are for “employees.” Contributing Editors: EBIA Staff.

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98

ThomsonReuters

NOVEMBER 4, 2020

These days, the number one concern of corporate tax departments is clear: keeping up with changing regulations. This framework aims to put an end to tax avoidance strategies and mismatches in tax rules to ensure multinational enterprises pay their fair share of tax. Why technology is critical for DAC6 compliance.

Technology 52

Technology Compliance Start-ups 52

ThomsonReuters

MARCH 9, 2023

Proposed Rule: Administrative Simplification: Adoption of Standards for Health Care Attachments Transactions and Electronic Signatures, and Modification to Referral Certification and Authorization Transaction Standard, 45 CFR Parts 160 and 162, 87 Fed. 78438 (Dec. Contributing Editors: EBIA Staff.

Compliance 59

Compliance 59

Reynolds Holding

SEPTEMBER 26, 2023

Currently, there is a relatively small tax base and a small number of taxable transactions within the metaverse. Taxation of the metaverse can also untap a significant revenue source and help avoid the risk of the metaverse’s becoming a tax haven. The next step would be to determine the tax base. One is size.

Marketability 105

Marketability Compliance 105

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. Does every corporation file income tax returns?

Technology 59

Technology 59

Truelytics

MAY 25, 2023

Lucas also shares the simple question to ask your client about their life insurance policy to help them make the best financial decision for their future. All opinions and views constitute the judgments of the author(s) as of the date of recording and are subject to change at any time without notice. Subscribe to the Podcast!

Technology 52

Technology 52

ThomsonReuters

MARCH 2, 2023

The fact sheet, which is addressed to individuals, confirms that HHS is expecting the PHE to expire at the end of the day on May 11 and provides information about the implications for coverage under private health insurance, as well as Medicare, Medicaid, and CHIP. Contributing Editors: EBIA Staff.

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97

Peak Business Valuation

APRIL 18, 2024

All you have to do is provide information about your vehicle fleet and the purpose of the appraisal. Please reach out if you have any questions about the equipment appraisal process. Vehicle Fleet Appraisals for Tax Reporting Finally, an equipment appraisal can help you navigate tax reporting.

Appraisal 52

Appraisal Business Valuation Compliance Marketability 52

ThomsonReuters

JANUARY 30, 2023

As the burden of corporate tax compliance mounts, companies are increasingly turning to tax and accounting firms for help in complying with direct tax requirements. And so, we think about how accurate is the information on a tax return or a report that is ultimately filed with the taxing authority.

Start-ups 59

Start-ups Compliance Accounting Firms Technology 59

Truelytics

MARCH 9, 2023

In this episode of the Modern Financial Advisor Podcast, Mark Gochnour , Head of Global Client Services at Dimensional Fund Advisors joined me to explore some of the discoveries he and his team have made about client preferences and behaviors via DFA's most recent "Global Investor Study".

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52

ISA

APRIL 5, 2023

4/4/2023 12:00:00 AM As an instructor, I often get questions about who can and should be listed as an “intended user” under the Uniform Standards for Appraisal Practice (USPAP). One way to understand the concept is to think about what the intended use is for each party. Question: (1.) Question: (2.) ” USPAP, pg.

Appraisal 75

Appraisal Start-ups Banking 75

ThomsonReuters

MAY 5, 2022

Each year, tax time is an opportunity to expand your accounting firm’s client base. That is a question firms should consider as they reflect on the tax season. Leading up to tax time, there are potential clients ranging from individuals to major corporations who may be on the hunt for a new tax preparer.

Accounting Firms 96

Accounting Firms Start-ups Technology Marketability 96

ThomsonReuters

AUGUST 24, 2023

Jump to: What is tax depreciation? How to calculate tax depreciation What are the tax depreciation methods? But depreciation can quickly become complex and cumbersome as tax professionals navigate which asset s can be depreciated for tax purposes, how to calculate tax depreciation, and any state-level nuances that may arise.

Start-ups 87

Start-ups Marketability 87

ISA

JANUARY 31, 2024

Concerns about fair distribution among heirs, assistance with meeting legal requirements, or clarity on an overall estate value for tax purposes can be provided by a professional appraiser. Estate Planning and Distribution: When writing a will, it's crucial to have an accurate appraisal of your personal property.

Appraisal 75

Appraisal Fair Market Value Compliance Marketability 75

ThomsonReuters

JUNE 24, 2021

Because the plan generally is required to cover COVID-19 vaccinations as preventive services, it is likely to have information about employees’ receipt of COVID-19 vaccinations, and this information is considered PHI. appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Contributing Editors: EBIA Staff.

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95

Peak Business Valuation

FEBRUARY 13, 2024

To learn more about the types of equipment we appraise, schedule a consultation. In this meeting, we collect information about your specific landscaping equipment appraisal needs. Landscaping Equipment Appraisals for Tax Reporting Finally, prepare for tax season with an equipment appraisal. Schedule a Free Consultation!

Appraisal 52

Appraisal Business Valuation Fair Market Value Liquidation Value 52

Reynolds Holding

MARCH 4, 2024

It is a set of entities constructed to advance the legal purposes of a nonprofit, tax-exempt charitable corporation. The nonprofit and its tax-exempt charitable purposes, rather than Altman, should have been the star of the show. Why have the nonprofit and tax-exempt purposes been lost in public discussion about the OpenAI debacle?

Start-ups 59

Start-ups Technology 59