Accounting Today

DECEMBER 4, 2023

The case coming before the court stems from a 2017 tax law provision that aimed to collect hundreds of billions of dollars on earnings accumulated and held overseas by big multinational companies.

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Tax Collections 165

Intuit

MAY 10, 2024

Over the last 30 years, the tax code has more than tripled in size. But, we know that no matter who files your taxes, the tax code is now just too complex. After all, tax refunds are often the biggest check of the year for families. We’ve spent this tax season highlighting some of the ways Congress can help.

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Tax Collections Billing 130

Accounting Today

JANUARY 12, 2024

The Internal Revenue Service reported progress Friday on its efforts to increase its audits of large corporations, complex partnerships and high-income individuals, collecting over half a billion dollars from millionaires who didn't pay their taxes.

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Collections Auditing Tax 340

Accounting Fun

AUGUST 25, 2023

A retired tax inspector once told me that the correct collective noun was a 'bunch of bastards'! I've since been collating other suggestions: A grab of tax inspectors A menace. A conniving. A levy (levee). An Inquisition. A Spectre. A ruination. An infliction. A calamity. A frisson. A vexation. A ravishment.

Collections 40

Collections Tax 40

LedgerDocs

JULY 6, 2023

But collecting and organizing these documents can be a daunting task. The post Bookkeeping Document Checklist: Collect and Organize Your Financial Documents appeared first on LedgerDocs. Accurate record keeping can help you to remain organized, compliant and gain insight into the financial position of your business.

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Collections Bookkeeping Petty cash Purchase Order 89

Accounting Today

NOVEMBER 28, 2023

Deploying 1,400 tax collectors — touted by the government as "paramilitary trained" in order to discourage resistance — is the most aggressive in a long line of controversial steps to nearly double the government's revenue collection to a quarter of gross domestic product by 2030.

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Tax Collections 127

Intuit

MARCH 14, 2024

When it comes to the complexities of the tax code, women encounter distinct challenges, and here at Intuit, we’re committed to empowering prosperity for every single person—especially the inspiring women who play an integral role in driving our collective success.

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Tax Collections 159

LedgerDocs

APRIL 12, 2023

Navigating the numerous tax deductions available in Canada can be a daunting task. From charitable donations and home renovations to medical expenses and more, there are a plethora of credits and deductions that can help your clients reduce their tax bill this tax season. Try it free today.

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Intuit

MARCH 26, 2023

Taxes can be confusing. Intuit has helped tens of millions of families and small businesses take charge of their finances by helping them understand, prepare, and file their tax returns confidently—millions of them for free. That’s when he decided to try Intuit TurboTax—and found not just tax help, but people who cared.

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Tax CPA Collections 246

Accounting Today

AUGUST 22, 2023

The top three types had an average increase in gross collections of 39.86% between 2021 and 2022.

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Tax Collections 246

LedgerDocs

MARCH 23, 2023

As a bookkeeper or accountant for a Canadian business, it is important to stay on top of the tax-related documents that need to be prepared for to ensure compliance with Canada’s taxation laws. So, what documents should bookkeepers or accountants of Canadian business owners be aware of to collect during tax season?

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Collections Bookkeeping Tax Financial Statements 62

LedgerDocs

NOVEMBER 3, 2023

With tax season just around the corner it is the perfect time to begin thinking about how to get the most out of your deduction. Maximizing your tax return from 2023 requires some careful pre-planning and strategic decision making throughout the year. Another account to contribute to to reduce your tax liability is a TFSA.

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Tax Collections Bookkeeping Invoicing 96

Accounting Today

JULY 12, 2023

The Internal Revenue Service has been sending out erroneous balance due notices demanding taxpayers in federal disaster areas pay up, even though they're supposed to get extra time.

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Collections Tax 246

Xero

JUNE 5, 2024

Whether you’re looking for tools to chase invoice payments, simplify tax compliance, or make job management easier, you’ll find plenty of solutions to help solve key business challenges. GoCardless GoCardless puts you in control of collecting payments directly from your customers.

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AR XERO AP Collections 211

Accounting Today

SEPTEMBER 19, 2022

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Collections Tax 245

Accounting Tools

OCTOBER 13, 2023

Related Courses Sales and Use Tax Accounting What is Sales Tax? A sales tax is a tax imposed on retail goods and services at the point of sale. The tax is collected by the entity selling the product or service to a third party, and is remitted to the applicable government entity at regular intervals.

Tax 73

Tax Collections Accounting Accounting 73

Gaviti

MAY 30, 2023

How well your team handles collections determines whether you have the cash to make payroll, pay taxes, and cover other financial obligations. What Is Accounts Receivable Collections Outsourcing? A/R collections outsourcing refers to the practice of hiring another entity to manage your collections activities.

Accounts Receivable 98

Accounts Receivable Accounts Receivable Account Receivables Collections 98

Accounting Tools

MARCH 29, 2024

What are Sales Taxes Payable? Sales taxes payable is a liability account in which is stored the aggregate amount of sales taxes that a business has collected from customers on behalf of a governing tax authority. Related Articles How to Account for Sales Tax Paid on Inventory? Sales and Use Taxes

Tax 40

Tax Accounts Payable Accounts Payable Collections 40

Accounting Tools

NOVEMBER 7, 2023

Related Courses Sales and Use Tax Accounting Sales tax is a state and local tax paid by the buyer of goods and services at the point of sale. It is derived by multiplying the price paid by the sales tax rate. There are three different scenarios involving sales taxes, and the accounting treatment varies in each scenario.

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Tax Collections Accounting Accounting 75

Xero

JANUARY 30, 2024

Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment. Know property investment accounting regulations and taxes To swim well, you need to know the strokes, and how to navigate the water. Your primary residence is usually exempt.

XERO 248

XERO Accounting Accounting Bank Reconciliation 248

Blake Oliver

JULY 18, 2023

Tax pros - want an inside look at TurboTax's new full-service offering for business returns? You can use it as a learning experience to understand what business owners will now expect when getting their taxes done. Permalink

Tax 98

Tax CPA Collections 98

Intuit

AUGUST 30, 2023

Understanding the Average Cost of Tax Preparation for Small Businesses Understandably, small business owners want to know the average cost of their tax preparation. The cost of tax preparation depends on multiple factors, and many are hard to predict in advance. The truth, however, is that it varies.

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Tax Accounting Accounting CPA 130

Accounting Tools

JULY 25, 2023

Related Courses Sales and Use Tax Accounting Overview of Sales Taxes Customers must be charged a sales tax on some sales transactions if the seller has nexus in the territory of the government entity that charges the tax. Having nexus can result in multiple overlapping sales taxes.

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Tax Accounting Accounting Accounts Receivable 74

Jetpack Workflow

MARCH 20, 2024

As you onboard more tax clients to grow your firm, generating higher top-line revenue can be exciting. With each additional tax return, the incremental administrative tasks required can bog down your team’s productivity. Generally, you can group the steps to prepare and file a tax return for a client into 3 main segments.

Tax 52

Tax Collections Accounting Software XERO 52

Xero

AUGUST 7, 2023

Whether you’re looking for tools to chase invoice payments, simplify tax compliance, or make job management easier, you’ll find plenty of solutions to help solve those key business challenges. GoCardless GoCardless puts you in control of collecting payments directly from your customers.

XERO 238

XERO Bookkeeping Invoicing Account Bookkeeping 238

Ace Cloud Hosting

SEPTEMBER 28, 2023

A recent Supreme Court ruling in the US expands the scope of states to collect sales tax on goods and services purchased from out-of-state via the Internet. As a result.

Tax 59

Tax Collections 59

Counto

MAY 2, 2024

Navigating the Foreign Account Tax Compliance Act (FATCA) in Singapore As a small business owner or entrepreneur, understanding global financial regulations like the Foreign Account Tax Compliance Act (FATCA) is crucial. government to combat tax evasion by U.S. persons to the Inland Revenue Authority of Singapore (IRAS).

Tax 52

Tax Accounting Accounting Corporation Tax 52

Blake Oliver

JANUARY 10, 2024

With millions trying their luck, complex tax rules for reporting and deducting gambling winnings and losses present new challenges for taxpayers. With over a decade specializing in gambling taxes, this Las Vegas CPA has worked with everyone from professional poker players to casual sports bettors.

Tax 80

Tax Accounting Accounting Record Keeping 80

CSI Accounting & Payroll

NOVEMBER 27, 2023

If doing your own payroll is part of that, do you always remember to pay your payroll taxes and file returns on time? If not, you can owe payroll back taxes. Small business owners who have fallen behind on payroll taxes often want to know: What are payroll back taxes, and why do I owe them? Do most people do this?

Payroll 52

Payroll Tax Collections Accounting 52

Accounting Today

JANUARY 4, 2023

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Collections Tax 137

Accounting Today

MAY 18, 2022

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Collections Tax 262

Accounting Tools

AUGUST 27, 2023

Related Courses Sales and Use Tax Accounting What are Sales and Use Taxes? Sales and use taxes are used by governments to derive income from the sale of tangible personal property. These taxes are a common source of revenue for state governments, and sometimes also at the county and city levels.

Tax 40

Tax Collections Auditing Billing 40

Billah and Associates

MARCH 16, 2023

Tax credits and tax deductions can help minimize the load on your finances. Every cent you can save on tax is a dollar more you have to spend on necessities. Moving, medical, and child care costs, charitable contributions, as well as certain news subscriptions, can all be used to offset tax payments.

Tax 52

Tax Corporation Tax Budgeting Collections 52

Accounting Tools

JULY 14, 2023

The tax accountant position is accountable for the collection of tax-related information, reporting to taxation authorities at the federal, state, county, and local levels in a timely manner, and advising management on the tax impact of various corporate strategies. Must be detail oriented.

Tax 40

Tax Accounting Accounting Corporation Tax 40

Accounting Tools

JANUARY 30, 2024

What are Employer Payroll Taxes? Employer payroll taxes include taxes primarily related to employee benefits and unemployment funds. The employer is responsible for remitting both types of payroll taxes to the applicable governments. Medicare A Medicare tax is applied to employee wages, which the employer matches.

Payroll 40

Payroll Tax Collections Auditing 40

Accounting Tools

JUNE 7, 2023

Related Courses Ethical Frameworks in Accounting Ethical Responsibilities Professional Rules of Conduct What is Tax Fraud? Tax fraud occurs when someone intentionally falsifies the information on a tax return in order to reduce his tax liability. What Triggers Changes in Tax Fraud?

Tax 40

Tax Collections Payroll Auditing 40

Accounting Today

DECEMBER 20, 2023

million taxpayers who weren't sent collection reminder notices during the pandemic. The relief will go to roughly 4.7

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Collections Tax 309