This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
My firms compensation data, collected in 2024 and 2025, shows that accounting firms paid 7% more to bring in outside senior analysts in tax and audit than they paid internal staff in the same positions. Back when I was initially analyzing the data around the "loyalty tax," I posted a chart breaking down this trend on a Reddit thread.
EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns. The tax loss totaled $356,881. All rights reserved.
EDT 5 Min Read Facebook Twitter LinkedIn Email Another Naughty list; a couple of sharks; Miami vice; and other highlights of recent tax cases. 1, 2024; and CPA Walter W. 20, 2024, and attorney Jason M. 10, 2024, and attorney Catherine E. 14, 2024, and CPA George O. 4, 2024; Enrolled Agent John A.
Fifteen states are reducing either individual or corporate income taxes this year, with some states trimming both individual and corporatetaxes, among 34 states starting the year with significant tax changes.
3 to file various federal individual and business returns and make tax payments. 3 to file various federal individual and business returns and make tax payments. The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page.) All rights reserved. 15, 2025. 31, 2025.
EDT 5 Min Read Facebook Twitter LinkedIn Email Seeking shelter; please be Gentle; where the heart is; and other highlights of recent tax cases. Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. million in taxes on income he earned from his business.
With another tax year almost wrapped up, are you ready to tackle year-end payroll? Finalising your 2024/2025 tax year Wrap up outstanding items Before processing your last pay run for the 2024/25 tax year, approve any outstanding leave requests, timesheets and overtime to ensure your employees’ final pay is accurate.
In the 2024 edition of its annual report on broker-dealer audits, the PCAOB found a slight improvement across firms examination engagements year over year. All rights reserved. It found at least one deficiency in 17 (59%) of the 29 examination engagements it reviewed, a decrease of two from 2023.
Singapore CorporateTax Update 2025: What Your Business Needs to Know Good news! Budget 2025 has introduced significant tax benefits to help businesses manage cash flow better. Our expert accountants deliver comprehensive servicesfrom bookkeeping to tax filingat transparent rates.
Accountants manage a high volume of sensitive information daily, covering everything from client tax details and payroll reports to audit documentation and financial disclosures. million in 2024 , this has never been a more pressing issue. All rights reserved. And with the average cost of data breaches reaching an all time high of $4.88
Tax season 2025 is fast approaching, and for bookkeepers and accountants, staying on top of the important corporatetax deadlines is the key to completing smooth filings for their clients. Example: If your fiscal year ends on December 31, 2024, your T2 is due by June 30, 2025.
Frankly, you already have enough to remember, thanks to Making Tax Digital (MTD) for VAT and Income Tax Self Assessment (ITSA). The government legislation with the goal of digitising the tax process has been underway for some time, and the next step is looming large on the horizon.
Strategic tax leaders worry the election will lead to changes to Inflation Reduction Act renewable energy credits, while tax tacticians worry about changes to federal corporatetax rates.
Making Tax Digital for Income Tax Self Assessment ( MTD for ITSA ) requires that landlords earning more than £10,000 use MTD-compatible software to keep records and make submissions to HMRC. The legislation will come into effect from April 2024. The deadline for EOPS is January 31st, after the tax year. . Claim expenses.
Milan Jaros/Bloomberg The firm is backed by private equity firm New Mountain Capital, which acquired its majority stake in March 2024 after selling a majority stake in Top 100 Firm Citrin Cooperman. All rights reserved.
across four sections of the Uniform CPA Examination, pass the four sections on their first attempt and have completed testing in 2024. By Chris Gaetano 2h ago Tax-related court cases Tax Fraud Blotter: Sick excuses By any other name; poor Service; a saga continues; and other highlights of recent tax cases.
Understanding corporatetaxes in Canada can be challenging, especially since businesses are subject to both federal and provincial taxes. Knowing the differences between these two tax systems and how they impact your business is crucial for ensuring compliance and maximizing tax savings.
CorporateTax Filing in Singapore: A 2024 Guide for Businesses If you’re a business operating in Singapore, understanding the intricacies of corporatetax filing is essential to maintain legal compliance and financial stability. Corporate income in Singapore is taxed at a flat rate of 17 percent.
A Guide to New FWA Guidelines for Singapore SMEs from Dec 2024 Starting December 1, 2024, Singapore will see a significant shift towards supporting flexible work arrangements (FWAs), as mandated by the newly established Tripartite Guidelines. These are set to be available from May 2024 and can be accessed through the Tafep website.
CorporateTaxes: The Benefit of Tax-Deductible Donations In the realm of business, giving back to the community isn’t just about altruism—it’s also about strategic financial planning. Tax-deductible donations offer a unique opportunity for businesses to support worthy causes while also benefiting their bottom line.
Mark Your Calendar: 2024Tax Deadlines for Singapore Businesses As we step into 2024, it’s good practice to mark your calendar for the year’s compliance deadlines. Goods and Services Tax (GST) Returns: For GST-registered companies, filing and payment are due within one month after the end of each accounting period.
CorporateTax Relief and Cash Grant Good news for your bottom line – you’ll receive a 50% corporate income tax rebate for YA 2025. Even better, if you employ at least one local worker in 2024, you’ll get a minimum cash grant of SG$2,000, even if you’re not profitable.
If you’re looking to build smarter systems, adopt new technology, or improve operations, this scheme could significantly reduce your corporatetax burden or offer immediate cash support. But like any tax incentive, the benefits depend on how well you understand the rules and structure your claims. Whos Eligible?
Budget 2024: Insights into the SkillsFuture Level-Up Programme In line with the Budget 2024 announcement, Deputy Prime Minister Lawrence Wong introduced comprehensive measures to bolster the national SkillsFuture movement and provide substantial support to mid-career workers aged 40 and above. Here’s what you need to know: 1.
Join Blake Oliver, CPA, and Scott Hodge, President Emeritus and Senior Policy Advisor at the Tax Foundation, for an engaging and insightful webinar that delves into the complexities of tax policy as discussed in Scott's new book, "Taxocracy."
Singapore Budget 2024: Insights into the SkillsFuture Level-Up Programme In line with the Budget 2024 announcement, Deputy Prime Minister Lawrence Wong introduced comprehensive measures to bolster the national SkillsFuture movement and provide substantial support to mid-career workers aged 40 and above.
Budget Singapore 2024: 7 Key Takeaways for SMEs and Business Owners Singapore Budget 2024 contains several financial measures to support businesses, households, and individuals. CorporateTax: Under the Base Erosion and Profit Shifting (BEPS) 2.0 billion to assist companies in managing rising costs.
A Quick Guide to Registering Your Company in Singapore in 2024 Singapore continues to be a thriving hub for businesses globally, and with good reason. If you’re considering starting your own company in the Lion City, this 2024 guide provides a comprehensive roadmap that surpasses the information provided in existing resources.
Tax Deadlines in Singapore for 2025: Every Small Business Should Know As a small business owner in Singapore, managing your taxes may feel like a challenge. However, keeping up with tax deadlines doesnt need to be stressful. Lets break down the key tax deadlines for 2025 and share practical tips to help you stay on track.
Although many of the tax breaks that the government established at the beginning of the COVID-19 pandemic have expired by now, the IRS has been looking for ways they can help relieve some of the financial stress Americans face. Are you aware of these recent IRS changes and how they may affect the amount of taxes you pay in 2023?
Filing Requirements for Private Limited Companies: All You Need to Know As a Singapore business owner, it is important to understand filing requirements for private limited companies to ensure tax compliance. The process includes declaring chargeable income after deducting tax-allowable expenses, capital allowances, and reliefs.
Essential GST Guidelines for Employment Agencies in Singapore Employment agencies in Singapore must navigate specific Goods and Services Tax (GST) regulations to ensure compliance and operational efficiency. From January 1, 2024, this rate will increase to 9%. Starting January 2024, this will increase to SGD 90.
Companies disagreeing with the assessed tax figure can submit a Notice of Objection, underscoring the importance of accurate and punctual ECI submissions. Revenue figures disclosed in the company’s tax return (Form C) serve as the basis for ECI calculations. Cases specifically granted the waiver to furnish ECI by IRAS.
Even smaller businesses can opt for voluntary registration to benefit from input tax credits. Example: A small IT consultancy firm with a turnover of SGD 500,000 opts for voluntary GST registration to reclaim tax on its equipment purchases, thereby improving cash flow. Explore our plans here.
Singapore Maintains Strong Standing with a 4th Place in the Global Financial Centres Index Singapore has reinforced its status as a leading global financial centre, achieving fourth place in the 2024 Global Financial Centres Index (GFCI). At Counto, we prioritise your bottom line. Financial Services and Funding Opportunities 3.3.1
For instance, if your company remained inactive and generated no income in 2023, IRAS will classify it classified as a dormant company for the Year of Assessment (YA) 2024. Annual Filings : Fulfilling corporate secretary requirements and providing management reports, such as balance sheets and profit and loss statements.
Navigate tax season with confidence: Our tailored, all-in-one accounting plans optimise your finances year-round. Discover how we can streamline your taxes and accounting today. Experience the Counto advantage Counto is the trusted outsourced provider of accounting, tax preparation and CFO services for startups and SMEs.
In fact, according to Medius 2024 survey of U.S. As reported in a 2025 survey by the Association for Financial Professionals, respondents citing the use of paper checks for payments surged to 91%, and a further 63% reported that their organizations faced check fraud in 2024. All rights reserved.
We organize all of the trending information in your field so you don't have to. Join 52,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content