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Corporate tax departments find themselves with too few resources

Accounting Today

Nearly half the leaders of corporate tax departments believe they're severely under-resourced when it comes to technology and hiring, according to a recent survey.

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IESBA sets ethics standards for corporate tax planning

Accounting Today

The International Ethics Standards Board for Accountants has unveiled a set of ethical standards for business tax planning in response to complaints over tax avoidance by multinational companies.

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Billionaire, corporate tax hikes will be focus of Biden State of the Union

Accounting Today

President Joe Biden will propose increasing the minimum tax rates paid by major U.S. and multinational corporations to 21% and eliminating breaks for companies with high-paid executives in his election-year State of the Union address on Thursday night.

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Tax partners matter more than firms when it comes to corporate taxes

Accounting Today

Accounting firms are less important than the partner leading the team in terms of the impact on the business's effective tax rate and the probability it will face an audit.

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States cut taxes in 2024

Accounting Today

Fifteen states are reducing either individual or corporate income taxes this year, with some states trimming both individual and corporate taxes, among 34 states starting the year with significant tax changes.

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Tax departments go through transformation

Accounting Today

Corporate tax departments are going through major transformation in response to the challenging legal and regulatory environment, according to a new survey from Deloitte.

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Corporate Taxes: The Benefit of Tax-Deductible Donations

Counto

Corporate Taxes: 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.