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How tax accountants can provide valuation services

Abrigo

For some accountants, tax and audit services are attractive for the recurring revenue streams and steady client base they provide. Some of those same accountants believe they’re too busy to provide value-added type 2 services such as business valuations, so they refer out their clients who have needs in those areas.

Taxes 170
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Big Tech Compliance Tracker: Europe Plans To Release Drafts Of Digital Regulation Legislation; UN Initiative To Tax Big Tech In Developing Nations Gains Momentum

PYMNTS

Europe Plans To Publish Digital Services Act, Digital Markets Act Drafts. The Digital Markets Act is a second set of regulations. They will have two pillars, which Vestager described as a do’s and don’ts for large digital gatekeepers and a “harmonised” market probe blueprint “across the single market.”. Regulation.

Taxes 212
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Deep Dive: How Not To Lose A Bundle On Bundled Taxes

PYMNTS

Merchants’ marketing departments may find bundling useful, but their accountants are less likely to see it positively — determining individual items’ tax obligations in the different states into which they are sold can be challenging, and putting offerings into bundles only magnifies complexities.

Taxes 130
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Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets

Perficient

Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference. Traditional custody services in this context include facilitating the customer’s exchange of crypto assets and fiat currency, transaction settlement, trade execution, recordkeeping, valuation, tax services, and reporting.

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All About Filing Nil Income Tax Returns

BankBazaar

Amidst tax filing season, understanding the necessity of filing a NIL income tax return can save you from potential hassles and bring financial benefits. As tax season approaches, many people may wonder about the necessity of filing an income tax return (ITR) when their income falls below the taxable threshold.

Taxes 78
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4 Ways providing valuations can help your accounting practice

Abrigo

Many of those clients will be facing major life and business decisions in the near future as they approach retirement age, presenting a unique opportunity for accountants to assist them through services that go beyond tax preparation. 21 at 1 p.m. Here are four: 1. Valuation services can help your firm (and your compensation) grow.

Taxes 191
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Pitfalls of OCR

Abrigo

For banks and credit unions seeking to automate data entry, there are several software options on the market. One of the most common ways to import the data from a tax return into a digital system is to use Optical Character Recognition (OCR) software. This happens when a computer sees an image of a tax return.

Taxes 150