EU global minimum tax plan hits Hungarian road 'bump'

CFO Dive

Hungary’s eleventh hour opposition included concerns about the war in Ukraine and fears about being a first mover on the Pillar Two rules, according to a PwC report

New Tax Planned As eCommerce Soars In Thailand 

PYMNTS

Thailand hopes to annually collect 3 billion to 4 billion baht ($98 million to $131 million) by introducing a tax on tech businesses, Reuters reported on Monday (Aug. If approved by Parliament, Thailand will institute a value-added-tax starting next year on electronic businesses, leveraging the eCommerce boom in the country. Ekniti Nitithanprapas, director-general of the revenue department, told reporters the tax will likely seek parliamentary approval this year.

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Small Business Lobby Denounces GOP Tax Plans

PYMNTS

The GOP unveiled its plans for tax reform late last week in an effort to streamline the tax code, a move that aims to cut the tax rates for corporates. In a statement released late last week, the NFIB said it is “unable to support the House tax reform plan in its current form.”. We believe that tax reform should provide substantial relief to all small businesses, so they can reinvest their money, grow and create jobs.”.

Big Tech Compliance Tracker: EU Watchdogs Make ‘Big Tech Hit List’; France To Go Ahead With Digital Services Tax Plan

PYMNTS

Taxes . OECD’s Tax Reform To Be Presented To G20. The Organization for Economic Cooperation and Development (OECD) , which is based in France, said its worldwide tax reform blueprint will be put in front of the Group of 20 finance ministers.

What You Should Plan to Make 2021 Your Best Tax Year Ever?

Together CFO

Whether you are a small business owner or an affluent business person, every penny of your earnings count in the income tax department. Therefore, as a business owner, you not only want to increase your revenue but also minimize tax liabilities. Year-Round Tax Planning.

How to Preserve your Wealth with the Help of Tax Consultant?

Together CFO

In order to keep your wealth preserved, one should know the basics of tax savings. Availing deductions is not the only thing tax planning is all about, but planning investments and finances in such a way to preserve wealth for future is supreme. Maximize your Tax Savings.

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What is Anaplan? And how does it exemplify Connected Planning?

Anaplan

The planning disconnect Every time a new year rolls around, many of us take it as an opportunity to reorder our lives. Connected Planning Platform Anaplan for Finance Anaplan Platform connected planning workforce planning

Why Outsource Small Business Accounting

CFO Network

Reports state that 40% of business owners spend more than 80 hours per year on tax preparation alone. If you outsource small business accounting, you can hand your time-consuming bookkeeping and tax prep tasks over to professionals. You Might Save On Taxes.

The Most Tax-Friendly States For Retirees: How To Compare State Income Tax Options For Retiring Clients

Nerd's Eye View

As an individual begins planning for retirement, one of the factors often considered is whether (and where) they might relocate to enjoy their retirement. a state’s income tax rules can have a significant impact on where they might choose to live.

What is Anaplan? And how does it exemplify Connected Planning?

Anaplan

The planning disconnect Every time a new year begins, many of us take it as an opportunity to reorder our lives. Connected Planning Platform Anaplan for Finance Anaplan Platform connected planning workforce planning

#FA Success Ep 297: From $0 To $70M In 2 Years By Leveraging Facebook Groups To Share Authentic Expertise, With Andy Panko

Nerd's Eye View

Financial Advisor Success Podcast OPTIN: One Page Business Plan (BAR) OPTIN: One Page Business Plan (SLIDE IN Welcome back to the 297th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Andy Panko.

Tax-Loss Harvesting Best Practices (And How To Scale It Across A Client Base)

Nerd's Eye View

Tax-loss harvesting – i.e., selling investments at a loss to capture a tax deduction while re-investing the proceeds to maintain market exposure – is a popular strategy for financial advisors to increase their clients’ after-tax investment returns.

#FA Success Ep 289: Coming Together As A Partnership To Serve Your Collective Community, With Kamila Elliott

Nerd's Eye View

Financial Advisor Success Podcast OPTIN: One Page Business Plan (BAR) OPTIN: One Page Business Plan (SLIDE IN Welcome back to the 289th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Kamila Elliott.

Sabbatical Financial Planning: Taking Extended Time Off Without Derailing The Career Or Retirement

Nerd's Eye View

A sabbatical refers to a period of time in which someone takes an extended, planned break from work prior to retirement, often as an opportunity to focus on their wellbeing and/or to gain valuable perspectives of life outside of work.

Why Rich Business Owners Should Hire the Professional CFO?

Together CFO

Having an abundance of wealth to take care of, You definitely don’t have the time for critical forward planning for the business. But, you should know the Tax-Saving Tips for ensuring your wealth is managed properly. A CFO has premade succession plans that fit the company goals.

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Business News | Stock and Share Market News | Finance News

CFO News Room

Tax and Investment Expert, 26 May – 14:00 hrs. where and how to invest for tax planning in the current year. Tax and Investment Expert. where and how to invest for tax planning in the current year. Search Quotes, News, Mutual Fund NAVs. LIC India INE0J1Y01017, LICI, 543526. Tata Steel INE081A01012, TATASTEEL, 500470. SAIL INE114A01011, SAIL, 500113. Adani Wilmar INE699H01024, AWL, 543458. Adani Power INE814H01011, ADANIPOWER, 533096.

Announcing New IAR CE Credits From Kitces

CFO News Room

Yet despite this – and perhaps even because of it – advisory firms are putting an ever-greater focus on financial planning in 2022, as a way to both show value to clients in the midst of difficult market returns, and, more broadly, to help clients navigate the current environment.

How Understanding Sales Tax Can Help Your Business

CFO Share

Think your business is too small to worry about sales taxes? South Dakota , small business sales tax has been an issue you cannot afford to ignore. With audits ramping up and penalties exceeding $100,000, understanding sales and use tax is essential. Small Business Tax Issues

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Business News | Stock and Share Market News | Finance News

CFO News Room

Tax and Investment Expert, 24 Mar – 14:00 hrs. Tax planning through HUF. Tax and Investment Expert. Tax planning through HUF. Five stocks – Balrampur Chini Mills, Delta Corp, GNFC, Indiabulls Housing Finance and Sun TV Network – are under the F&O ban for March 23. Russia Ukraine News LIVE Updates | PM Modi, Boris Johnson discuss Ukraine situation.

How to Find the Right Tax Accountant Near You- Expert Tips

Together CFO

It is mainly because managing the income includes various mind-stressing tasks such as investment plannings, tax savings, and the most intricate of all is tax planning and tax filing, especially in a country like the USA where tax guidelines are a bit complex to be understood.

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How to Reduce Taxes and Profit Towards the End of the Year?

Together CFO

As the world is moving to the end of the year, taxpayers are getting the usual concern about their tax treatment. How to reduce taxes and save more of their incomes is a trending question among all the businessmen. Strategies to reduce your tax liabilities for the year-end.

7 Tips on Choosing a Financial Advisor for Your Business

CSC Advisors

This is an advisor that can help with general financial planning, not just corporate. Whether you need help with budgeting, investing, tax planning, or even paying off your outstanding debts, you can find a financial advisor to help!

What Advisors Need To Know About Tax-Loss Harvesting

CFO News Room

Tax-loss harvesting – i.e., selling investments at a loss to capture a tax deduction while re-investing the proceeds to maintain market exposure – is a popular strategy for financial advisors to increase their clients’ after-tax investment returns. Tax Deferral Vs Tax Arbitrage.

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2 Ways Hedge Funds Avoid Paying Taxes

CFO News Room

One major tax planning strategy for hedge funds is to use carried interest from a hedge fund to the general partners for performance fees paid to hedge fund managers. A newer tax strategy many funds are using is to enter the reinsurance business with a company based in Bermuda.

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Why Should You Hire KC for Tax Accountant in Los Angeles

Together CFO

It is nearly that time of the year when year-round tax planning needs to be done. tax laws are complex and used to change from time-to-time, which brings stress for a business owner. But, they can Hire Tax Consultant for Business to do so on their behalf.

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Bitcoin Daily: Binance Tells US Users To Take Out All Funds; OKEx To Reportedly Restart Withdrawals; S Korea Seeks To Postpone Crypto Tax Law; Coinbase To Only Provide IRS Form 1099-MISC

PYMNTS

The potential amendment to bring in the tax plan is intended to take effect in October of next year, but the legislative body is aiming to have the taxation timeframe begin in the first month of 2022. Binance has purportedly started notifying U.S.

How Advisors Can Help Clients Plan To Take A Sabbatical

CFO News Room

A sabbatical refers to a period of time in which someone takes an extended, planned break from work prior to retirement, often as an opportunity to focus on their wellbeing and/or to gain valuable perspectives of life outside of work. Develop A Near-Term Savings Plan To Fund The Sabbatical.

How To Determine The Most Tax-Friendly States For Retirees

CFO News Room

As an individual begins planning for retirement, one of the factors often considered is whether (and where) they might relocate to enjoy their retirement. a state’s income tax rules can have a significant impact on where they might choose to live. States With No Income Tax.

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US Treasury: Taxes On Digital Companies Are Discriminatory

PYMNTS

Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. Treasury’s top international tax official, called the taxes “ill-conceived,” and said the better option was to go after tax reform internationally at the Organisation for Economic Co-operation and Development ( OECD ). Australia is planning a similar tax plan as well. A U.S.

5 Reasons Why You Need A SaaS CFO

Michigan CFO

The SaaS CFO can help plan and strategize for growth with actionable goals and key performance indicators. Tax Planning With Your SaaS CFO. You might be wondering, “Okay, but can my SaaS CFO handle taxes?”

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EU Will Not Implement Digital Tax, Agrees To Internet Tax Reform

PYMNTS

The European Union has announced that it will not move forward with a digital tax plan covering the entire EU, but also said it would look at reforming tax laws for internet companies, according to a report from Reuters. Under the original proposed digital tax, companies like Google and Facebook could have potentially faced a 3 percent tax hit. “A The global tax reform is being prepared by the Organisation for Economic Co-operation and Development (OECD).

Sharing Authentic Expertise By Leveraging Facebook Groups

CFO News Room

Michael Kitces is Head of Planning Strategy at Buckingham Strategic Wealth , a turnkey wealth management services provider supporting thousands of independent financial advisors. Andy’s Inspiration To Become A Financial Planner With A Tax Planning Focus [05:44].

Top Financial Planning Tools Used by Financial Advisors

CFO News Room

It’s hard to imagine the days of financial planning and portfolio management without technology. One very common software program used by financial advisors is financial planning tools that aggregate financial strategies into one solution. Orion Financial Planning.

French Officials And Biden Team Set To Talk On Trade, Taxes

PYMNTS

after the change of administrations, will include an agreement over taxing Big Tech. President-elect Joe Biden's team about trade and taxes, according to Accounting Today. The world economic group has cautioned against go-it-alone plans for tax reform.

3 Reasons Your 401(k) Is Not Enough for Retirement

CFO News Room

A 401(k) plan has many benefits for employees who are saving for retirement. It allows them to make salary-reduction contributions on a pretax basis (and on a post-tax basis in some cases). They also have the option to add a profit-sharing feature to the plan.

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