JB Fiscal Consulting’s Post

#Québec: What Does WEB-SRM Mean for Operators? 🇨🇦💻 Read our latest #blog post from JB Fiscal Consulting to learn more about how WEB-SRM impacts operators. https://lnkd.in/dvNwzk5A If you need assistance, feel free to reach out:📧 tm@jbfiscalconsulting.com #jbfiscalconsulting #consulting #fiscalization

Did you know? Australian taxpayers should get ready for an increase in the short form local file requirements. Applicable to reporting periods beginning on or after January 1, 2024, Australian taxpayers will have to provide the following in addition to what was being provided before in their short form local files: - Number of primary business lines and/or functions. For each primary business line/function, information to be provided should include complete descriptions of the operations, business strategies employed, the degree of overlap with other key business lines or functions, as well as the key competitors. - Confirmation as to whether they have any personnel employed in their operations effectively reporting to overseas personnel. If so, taxpayers will be required to provide details such as name, job title, residency, principal office location and employing entity for such overseas personnel. - Confirmation as to whether they have undertaken any significant restructures or new arrangements involving the transfer, licensing, or creation of intangibles. For this, the definition of a "significant" restructure has been significantly expanded. Although the ATO’s final instructions are still to be published, taxpayers must prepare for a significant increase in the information to be provided in the short form local file as from 2025. Further details can be found on the ATO’s website.

Local file schema update! Expect approx. 50 new fields with granular data to be collected on: personnel who report offshore, step plan details of restructures, and anticipated Australian and global tax impacts of restructures. The changes won't go live until 2025, but this is definitely new territory in terms of granular data being standardised in the local file itself, rather than collected in the free-text Short Form Local File reports. One to watch for transfer pricing advisors. We will of course be updating TaxLodgic to help advisors and taxpayers navigate these granular queries more easily - more details on that as we get closer to go-live. Further info on the changes is available here: https://lnkd.in/g4ZZrUUi

Discover the imperative insights from HMRC's recent findings, highlighting the critical need for trustworthy tax advice. Our platform, accountingfirms.co.uk, stands as a beacon of reliability amidst concerning statistics. Explore our guide to understand why choosing our platform is a smart choice for safeguarding your financial interests.  - - - 📞 +44(0)2039242651 🌐 www.accountingfirms.co.uk 📧 info@accountingfirms.co.uk #HMRC #TaxAdvice #AccountingStandards #FindTheRightAccountant #AccountingMadeEasy #RegulatedAccountants #ProfessionalExcellence #Accounting #Accountants #LondonAccountants #AccountantsInLondon #UKaccountants #FinancialExperts #FindYourAccountant #ExpertBookkeepers #FinancialAdvisors #CPAConsultants #Finance #AccountingFirms #FinancialPlanning #FinancialPartnership #AccountingExcellence #FinancialTip #FindAccountants #BusinessSuccess

It's October so it's officially spooky season imo. But let's be real here- your finances shouldn't be included... You shouldn't be waiting around to hear from your accountant, not knowing where you stand with key metrics, or wondering what they’re actually doing over there with your taxes. Transparency is key! At The Lighthouse Group, we believe in keeping you informed and involved every step of the way. No surprises, just clear communication and partnership. #accountingfirm #accountant #humboldtsmallbusiness #eurekachamber #financialhealth #FIREmovement #businesstips #businessowner #smallbusinessowner #humboldtcounty #eurekaca

The significance of IT3(t) reporting cannot be overstated. As part of SARS’ efforts to enhance transparency and compliance within the trust sector, this reporting requirement is essential for ensuring that all income and capital distributions from trusts are accurately tracked and taxed. However, given that IT3(t) reporting is still relatively new, many trustees and tax professionals are grappling with uncertainties and grey areas in the process. This webinar is designed to address those uncertainties, providing clear guidance on how to comply with the latest requirements. With just one week to go, now is the time to secure your spot at the ‘IT3(t) Reporting – The Latest Updates’ webinar on 13 September 2024 at 10:00 (SA time). Do not miss this opportunity to gain valuable insights from Sidney Fletcher (Manager: General Tax Compliance) and Roxshanna du Toit (CPD Project Co-ordinator). Register now. https://bit.ly/4dMRuy0 #IT3tReporting #TaxReporting #TaxCompliance #SARS #Trusts #TaxAlert #ReportingInsights

🎉 It’s #ClientReviewFriday! 🎉 We love ending the week on a high note with feedback like this! 🙌 Thank you for trusting Dohan CPA to guide you through your financial journey. We’re committed to being your trusted advisors making taxes and accounting simpler and more efficient. 💼💚 #ClientAppreciation #DohanCPA #5StarReview #FinancialSuccess #ClientLove #TaxExperts #CPAServices #ClientFeedback #TaxPlanning #FinanceExperts #DohanCPA

Proper record-keeping is essential for compliance and financial health. This article discusses best practices for maintaining accurate and compliant financial records. We'd love to hear from you! Please take a moment to fill out our quick survey to help us serve you better: https://lnkd.in/dux-76Af Contact us for more information Info@aczone.co.uk +44 7983 132304 #Feedback #CustomerSurvey #WeValueYourInput"#tax #fyp #accountant #accounting #businesssuccess #Taxation #uk

Jasmine Curtis-Smith extends her warmest greetings to the team for winning not one, but TWO prestigious awards! Your dedication and hard work have truly paid off. Here's to your continued success and excellence in the accounting world! . . . . . #finance101 #FinancialSecurity #taxpreparation #TaxSmart #TaxRefund #financialadvisor #australialife #FinancialSuccess #taxsmartcafe #taxprofessional #australia #taxplanning #australian #financialgoals #taxsmart #finance #Taxes #taxseason #financialfreedom #financecoach #taxes #financetips #taxreturns #australianaccountingawards2024

Tip Tuesday! Bookkeepers prioritize staying informed about changing accounting rules and regulations to uphold the highest standards of financial integrity and compliance. They actively engage in continuing education programs, seminars, and industry conferences to expand their knowledge of generally accepted accounting principles (GAAP) and relevant tax laws. This ongoing learning ensures that bookkeepers are equipped to navigate complex financial landscapes, interpret regulatory changes, and apply best practices in financial record-keeping and reporting. By staying updated with the latest industry standards, bookkeepers contribute to accurate financial reporting, informed decision-making, and regulatory compliance for businesses across diverse sectors. #becauseyourbooksoughtnotrot #rottenaccounting #roughtnaccounting