Corporate tax

Intuit TurboTax Now Integrated Into Credit Karma and QuickBooks for Seamless Tax Preparation and Filing Across the Intuit Ecosystem

Retrieved on: 
Monday, January 8, 2024

Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax , Credit Karma , QuickBooks , and Mailchimp , announced today that Credit Karma members and QuickBooks Online customers can prepare and file their 2023 taxes through TurboTax within the Credit Karma and QuickBooks Online product experiences.

Key Points: 
  • Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax , Credit Karma , QuickBooks , and Mailchimp , announced today that Credit Karma members and QuickBooks Online customers can prepare and file their 2023 taxes through TurboTax within the Credit Karma and QuickBooks Online product experiences.
  • Combining Intuit’s AI-platform capabilities and the tax knowledge engine powering TurboTax with a filer’s personal and financial data already present in Credit Karma or QuickBooks, these integrations create a more seamless and personalized tax preparation and filing experience for individual tax filers and small business owners.
  • For members who prefer additional assistance when filing their taxes, tax expert assistance is available at an additional cost.
  • For more information about the new QuickBooks Live Tax solution, visit the QuickBooks Blog here .

House of Assembly to Debate Corporate Income Tax for Multinationals with Revenue of €750M+

Retrieved on: 
Thursday, December 14, 2023

Today the Government of Bermuda announced that the House of Assembly will debate the Corporate Income Tax (CIT) Act 2023 affecting Bermuda businesses that are part of Multinational Enterprise Groups (MNEs) with annual revenues of €750M or more.

Key Points: 
  • Today the Government of Bermuda announced that the House of Assembly will debate the Corporate Income Tax (CIT) Act 2023 affecting Bermuda businesses that are part of Multinational Enterprise Groups (MNEs) with annual revenues of €750M or more.
  • The legislation is the result of multiple public consultations and direct engagement with key industry participants by the Government and its international tax advisers.
  • “Bermuda continues to be recognized for its commitment to global compliance and transparency, and is considered by the EU to be a fully cooperative tax jurisdiction.
  • The Government continues to engage with all stakeholders in refining the new tax regime.

Bermuda Begins Third Public Consultation and issues Illustrative Draft Legislation for Corporate Income Tax

Retrieved on: 
Wednesday, November 15, 2023

Since 2021, over 140 countries, including Bermuda, have advanced towards alignment on international tax rules to create a level playing field.

Key Points: 
  • Since 2021, over 140 countries, including Bermuda, have advanced towards alignment on international tax rules to create a level playing field.
  • The proposed Corporate Income Tax regime would reinforce Bermuda’s continuing commitment to global compliance and transparency and will maintain its international competitive positioning.
  • As a result of consultation feedback, the current proposal would introduce a corporate income tax that would be a covered tax under the OECD’s GloBE rules.
  • This third Consultation Paper includes Illustrative Draft CIT Legislation to provide stakeholders with a comprehensive view of the proposed policy.

NetSuite Introduces Enterprise Performance Management to Help Finance Leaders Increase Productivity, Efficiency, and Profitability

Retrieved on: 
Tuesday, October 17, 2023

LAS VEGAS, Oct. 17, 2023 /PRNewswire/ -- SUITEWORLD 2023 -- To help organizations further unify and automate their financial operations, Oracle NetSuite today introduced NetSuite Enterprise Performance Management (EPM). NetSuite EPM brings together planning, budgeting, forecasting, account reconciliation, financial close, and reporting processes from across the entire organization to help increase business visibility, enhance decision-making, and drive growth.

Key Points: 
  • NetSuite EPM brings together planning, budgeting, forecasting, account reconciliation, financial close, and reporting processes from across the entire organization to help increase business visibility, enhance decision-making, and drive growth.
  • Profitability and Cost Management: Helps organizations gain a deeper understanding of which customers, products, and other segments of a business are performing profitably.
  • NetSuite Enterprise Performance Management will be available in North America within the next year.
  • NetSuite Planning and Budgeting and NetSuite Account Reconciliation will continue to be sold separately and as part of the NetSuite EPM solution.

GTM Training Institute Adds Intermediate Level Corporate Tax Provision Program to its Growing Online Training Lineup

Retrieved on: 
Thursday, September 14, 2023

Global Tax Management (GTM), a professional services firm focused exclusively on delivering corporate tax services, announced today that its GTM Training Institute has launched a new, intermediate level corporate tax provision learning program designed for more experienced in-house tax and finance professionals who want to expand their corporate tax provision skills.

Key Points: 
  • Global Tax Management (GTM), a professional services firm focused exclusively on delivering corporate tax services, announced today that its GTM Training Institute has launched a new, intermediate level corporate tax provision learning program designed for more experienced in-house tax and finance professionals who want to expand their corporate tax provision skills.
  • Intermediate Corporate Tax Provision – ASC 740 is comprised of 10 online classes, each 75-minutes in length, which are held every other week over the course of 20 weeks with live instructors and special guest lecturers.
  • The program builds upon the foundational concepts covered in GTM Training Institute’s popular Corporate Tax Provision Fundamentals program to help tax and finance department professionals calibrate the professional judgment needed to address the often-complex income tax provision process with a mix of example computations and shared experiences.
  • Intermediate Corporate Tax Provision – ASC 740 is ideal for experienced tax department team members with ASC 740 preparation responsibilities; professionals with financial reporting duties seeking a deeper understanding of tax reporting; and tax and accounting department professionals with income tax provision review and sign-off responsibilities.

Grant Thornton survey: Finance leaders make a push for growth

Retrieved on: 
Tuesday, July 25, 2023

Because finance leaders are pushing hard for revenue growth in an environment where discretionary spending is tight, they are increasingly focused on cost optimization.

Key Points: 
  • Because finance leaders are pushing hard for revenue growth in an environment where discretionary spending is tight, they are increasingly focused on cost optimization.
  • “Companies are laser-focused on topline sales growth while at the same time reducing costs unless those costs are sales or marketing related,” said Sean Denham , regional managing partner of the Atlantic Coast at Grant Thornton.
  • More than two-thirds (68%) of respondents said they expect revenue growth at their organizations over the next 12 months.
  • “It’s a different environment than it was in the past,” said Margaret Belden, People & Organization director at Grant Thornton.

Withum Names Nineteen New Partners

Retrieved on: 
Thursday, June 29, 2023

PRINCETON, N.J., June 29, 2023 /PRNewswire/ -- Withum , a leading advisory, technology and accounting firm, is proud to announce its 2023 New Partner Class.

Key Points: 
  • PRINCETON, N.J., June 29, 2023 /PRNewswire/ -- Withum , a leading advisory, technology and accounting firm, is proud to announce its 2023 New Partner Class.
  • Nineteen team members advance to partner in Withum offices nationwide and join the Firm's dynamic, diverse corporate leadership team, totaling 225 partners.
  • Headquartered in Princeton, NJ, Withum has offices in major financial centers and cities across the country.
  • Withum is an independent member of HLB, the global advisory and accounting network.

NewtekOne, Inc. Hires M. Scott Price as Chief Financial Officer

Retrieved on: 
Tuesday, May 16, 2023

BOCA RATON, Fla., May 16, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced that it has hired Mr. M. Scott Price as Chief Financial Officer (“CFO”) of the Company, effective May 16, 2023.

Key Points: 
  • BOCA RATON, Fla., May 16, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced that it has hired Mr. M. Scott Price as Chief Financial Officer (“CFO”) of the Company, effective May 16, 2023.
  • Mr. Price comes to NewtekOne with over 17 years’ experience in the financial services industry with specific focuses on, and an extensive background in, banking and accounting.
  • Most notably, Scott spent close to a decade at IBERIABANK Corporation in the role of Executive Vice President, Chief Accounting Officer and Corporate Controller.
  • Barry Sloane, Chairman, President and Chief Executive Officer said, “We have patiently waited for the right opportunity to retain someone with the talent and background of Scott Price to join our organization as CFO of the financial holding company.

GTM Training Institute Introduces ASC 740-Specific Program for In-House Tax & Finance Professionals

Retrieved on: 
Tuesday, February 28, 2023

Global Tax Management (GTM), one of the nation’s premier professional services firms focused exclusively on delivering corporate tax services, announced today that its GTM Training Institute is now accepting registrations for a brand new online training program, Corporate Tax Provision Fundamentals - ASC 740 , to begin this April.

Key Points: 
  • Global Tax Management (GTM), one of the nation’s premier professional services firms focused exclusively on delivering corporate tax services, announced today that its GTM Training Institute is now accepting registrations for a brand new online training program, Corporate Tax Provision Fundamentals - ASC 740 , to begin this April.
  • This practical, instructor-led online learning program draws upon GTM’s broader income tax and provision training program curricula launched in 2022, to help in-house tax and finance department staff become stronger in their understanding and practice of the nuanced and often complex income tax provision process.
  • Corporate Tax Provision Fundamentals – ASC 740 is comprised of 14 live classes (each 75-minutes in length) over a 28-week duration that also includes office hours with program instructors in the alternating weeks.
  • Classes cover a range of immersive material including an introduction to ASC 740 principles and mechanics, the nuances of valuation allowances, international tax provision issues, and the tax effect of business combinations.

Family of Damar Hamlin Expresses Gratitude for Support and Announces Formal Creation of "The Chasing M's Foundation" Charitable Fund

Retrieved on: 
Sunday, January 8, 2023

In keeping with this goal, The Chasing M's Foundation Charitable Fund formalized a partnership with The Giving Back Fund , an industry-leading twenty-five year old organization exclusively focused on philanthropic compliance, management, and best practices.

Key Points: 
  • In keeping with this goal, The Chasing M's Foundation Charitable Fund formalized a partnership with The Giving Back Fund , an industry-leading twenty-five year old organization exclusively focused on philanthropic compliance, management, and best practices.
  • "Each day, Damar shows renewed strength and our family is incredibly grateful for the global outpouring of concern we have been given," shared Damar's father, Mario Hamlin.
  • "We remain humbled by the prayers and good wishes of so many, which have helped to sustain us as he continues to heal."
  • Individuals and organizations wishing to contribute to the fund are encouraged to donate via the following:
    5101 Santa Monica Blvd - Suite 8, PMB 137