Certified Public Accountants Association’s Post

Thresholds Are Changing! 📈 Stay ahead of the game as tax and VAT thresholds evolve. These changes can impact your business, from tax liabilities to VAT registration requirements. Make sure you're prepared! At JHS Accounting, we keep you informed and ensure your business stays compliant with the latest threshold adjustments. Let us help you navigate these changes and maximise your savings. #ThresholdChanges #TaxUpdate #VATThreshold #JHSAccounting #BusinessCompliance #TaxAdvice #StayInformed #FinancialPlanning

This document helps you to get understanding on deferred tax computation and you are also provided with the correct solutions of ICAB previous questions. It helps to the accounting professionals who struggles to understand deferred tax implications with the different transactions in their companies. Note: Some of the solutions must differ from the suggested answers of ICAB as the solutions provided by ICAB are shamefully wrong. #deferredtax #ICAB #professionallevel #advancedlevel #tax

Join The Broker Club for the next Quarterly Tax Update with PwC, next Wednesday 10th July, 4pm at Eight Club Bank. Email events@thebrokerclub.org for more details and to join #tax #CFO #TaxStrategy #FinanceOfficer #VAT #election2024 #governance #FinanceOffice

The latest ATO Findings Report for 2024 has sparked discussions about the evolving nature of tax reviews. The data from the report showcases the ATO's new differentiated approach to the Top 1,000 Combined Assurance Review (CAR) program, although it doesn't yet include detailed commentary on this shift. However, the trend towards a 'lighter touch' review for medium and high assurance taxpayers is already evident. For businesses aiming to benefit from this new approach, the focus should be on implementing the ATO's recommendations from prior reviews and addressing any tax governance issues. This is particularly important for those with low assurance ratings, as improving these can lead to more streamlined future engagements with the ATO. If you're curious about how these findings might affect your tax strategy, feel free to reach out and let's discuss the implications for your business. For more information, read the Tax Alert. #TaxCompliance #ATOFindingReport #LighterTouchReview https://bit.ly/4eX9y8h

The Federal Tax Authority (‘FTA’) has issued Tax Procedures Public Clarification (TAXP008) that introduces a new optional mechanism for disputing tax assessments and related administrative penalties. The public clarification TAXP008, clarifies the instances in which a person may submit a request for a tax assessment review. - Eligibility: Company can request a review if there are technical errors, calculation mistakes, audit procedure errors, etc. - Process: Submit the request within 40 business days from the date the person is notified for assessment and related administrative penalties. Independent FTA officials will conduct the review. - Outcome: The FTA will issue a decision within 40 business days, with options to reject, adjust, or uphold the assessment. - Reconsideration: If unsatisfied with the review outcome, Company may submit a reconsideration request. This new mechanism ensures a fair and transparent process for addressing tax assessment disputes. 🌟 #PwCPwC Middle East #TaxReview #FTA #indirecttax

DO YOUR CLIENTS HAVE ASSETS IN OTHER COUNTRIES? If your clients have assets in other countries, it's worth understanding what the Common Reporting Standard (CRS) is and how HMRC exchange information with other tax authorities across the globe.

The latest ATO Findings Report for 2024 has sparked discussions about the evolving nature of tax reviews. The data from the report showcases the ATO's new differentiated approach to the Top 1,000 Combined Assurance Review (CAR) program, although it doesn't yet include detailed commentary on this shift. However, the trend towards a 'lighter touch' review for medium and high assurance taxpayers is already evident. For businesses aiming to benefit from this new approach, the focus should be on implementing the ATO's recommendations from prior reviews and addressing any tax governance issues. This is particularly important for those with low assurance ratings, as improving these can lead to more streamlined future engagements with the ATO. If you're curious about how these findings might affect your tax strategy, feel free to reach out and let's discuss the implications for your business. For more information, read the Tax Alert. #TaxCompliance #ATOFindingReport #LighterTouchReview https://bit.ly/3BbiVDE

Join Simon Wood at our On Top of Tax Webinar! Where he will be providing a deep dive into the HMRC's recently announced Transfer Pricing guidelines. Don’t miss out! Register now: https://lnkd.in/ehJCWxR2 #transferpricing #TaxUpdates #TaxCompliance #Guidelinesforcompliance #budgetannouncement

Implementing the new mass upload interface (kafe) to the Bundeszentralamt für Steuern concerning #WithholdingTax reclaim is challenging indeed. But the good news is, #kafe is integrated in our RAQUEST #STTI gateway! Learn more on this and join our webinar in September (see posting).

Value added tax is not an easy subject to talk about. Our aim is to make it as simple as possible for you to handle and understand. It is seen as one of the most complex tax areas to be imposed on businesses. The VAT “goalposts” are constantly being moved as well as the ever changing stream of regulatory details. HMRC is constantly demanding more and more from businesses which add more stress on top of what you already have to manage. It is our expertise and expertly trained eyes that help you make sure you do not miss anything and do not fall foul of the regulations. We make sure you do not pay the chancellor any more than you need to. Learn more at https://lnkd.in/eAZHMbvR #VAT #tax #biz #finance #accountants #advice #support #cambs