May 26, 2025
Introduction Artificial intelligence isn’t just tech industry jargon anymore; it’s shaping how corporate tax enforcement works. In 2025, the IRS is using AI not just to speed up audits, but also to spot high-risk filings earlier and send out tax notices with greater precision and frequency. For corporations, this marks a new era of compliance as AI changes how companies must manage their tax workflows, from tax return filings to tax notice responses.
Apr 2, 2025
IRS BBA Partnership Audit Rules: What’s New in 2025? Meta-Description Understand how the Bipartisan Budget Act (BBA) audit rules impact partnerships in 2025, what IRS enforcement changes mean, and how to stay audit ready. Since 2018, partnerships have been subject to the Bipartisan Budget Act (BBA) audit rules, which allow the IRS to audit and assess tax at the partnership level rather than individually auditing each partner.
Noticehub simplifies tax notice management for businesses by using Artificial Intelligence to handle tax notices from any agency and for any tax type. With Noticehub, you’ll significantly reduce time spent on managing notices, boosting workflow efficiency and accuracy.
Apr 2, 2025
Partnerships remain a go-to business structure in the U.S., thanks to their flexibility and the tax advantage of pass-through income. However, as tax regulations change, so do the reporting requirements and 2025 brings some important updates every partnership needs to be aware of. From updated IRS filing deadlines to expanded audit procedures under the Bipartisan Budget Act (BBA), partnerships now face stricter compliance obligations.
Apr 2, 2025
California continues to assert a far-reaching and aggressive position when it comes to taxing private equity (PE) firms and asset managers. Through its application of market-based sourcing rules and specific treatment of carried interest, the state claims taxing rights over firms that may have no physical footprint within its borders.
Feb 27, 2025
Every year we can expect tax compliance notices from authorities, and the efficient management of tax notices is a crucial step for ensuring compliance and minimizing potential penalties. However, this management can easily become cumbersome and overwhelming - this article contains some best practices for handling tax notices efficiently.
Feb 27, 2025
Automation is a game-changer for tax notice management, helping organizations streamline tax workflows, optimize tax compliance, and stay ahead. Manual tax processes—once considered sufficient—are now ineffective for handling high-volume tax notice tracking. Inefficient tax tracking methods, such as spreadsheets, leave teams vulnerable to missed tax deadlines, compliance failures, and unnecessary stress.
Feb 17, 2025
A few things cause more frustration in the business world than taxes. While federal tax compliance for investment partnerships is usually top-of-mind for most corporations and investment partnerships, state and local tax (SALT) compliance for private equity firms often sneaks in layers of complexity and, unfortunately, cost.
Aug 27, 2024
California has recently enacted several substantial changes to its tax laws that will significantly impact corporations operating within the state. These updates are critical for businesses to understand and adapt to in order to maintain compliance and optimize their tax strategies. This article examines key changes introduced through Senate Bill 167 and Senate Bill 175, including alterations to tax credits, the suspension of certain provisions, and revisions in sales and use tax regulations.
Jul 15, 2024
Understanding tax filing and payment deadlines is crucial for businesses operating in Canada. The Canada Revenue Agency (CRA) sets specific guidelines for different types of businesses, ensuring they remain organized and compliant. This guide provides a general overview with tax 2024 as an illustrative example to demonstrate typical requirements, making it an essential resource for staying informed on tax news Canada.
Jul 2, 2024
GENERAL OVERVIEW The Canada Revenue Agency (CRA) plays a pivotal role in the annual tax filing process for millions of Canadians. In 2023, over 32 million tax returns were filed, with a remarkable 92% submitted electronically. More than 18 million refunds were processed, with the average refund amounting to $2,262.
Jun 18, 2024
New York State is renowned for its dynamic and complex tax environment, making it crucial for corporations operating within the state to stay informed about recent developments in taxation laws. This article highlights significant changes and updates in New York State tax laws, their implications for corporations, and strategies for navigating these changes effectively.
Jun 10, 2024
Florida has enacted several significant tax changes that will impact corporate taxation within the state. Understanding and adapting to these updates is crucial for businesses to maintain compliance and optimize their tax strategies. This article explores key changes, including general updates to tax laws and adjustments to sales tax provisions.
May 21, 2024
Illinois has recently enacted House Bill 4951, introducing significant changes to the state’s income, franchise, and sales/use tax laws. These updates are crucial for businesses operating in Illinois to understand and adapt to in order to ensure compliance and optimize their tax strategies. This article explores key changes, including modifications to apportionment rules, net operating loss (NOL) deductions, and franchise tax exemptions.
May 8, 2024
New Jersey, a state known for its robust economy and as a major hub for industries like pharmaceuticals, finance, and technology, has implemented several significant tax changes for 2024. These changes aim to address state budgetary needs while directly impacting businesses operating within the state.
Mar 22, 2024
Texas has implemented significant changes in its franchise tax reporting to simplify compliance and reduce the administrative burden on businesses. These updates are crucial for corporations operating in Texas to understand and adapt to in order to optimize their tax strategies. This article explores the recent changes, including the increased “No Tax Due” threshold and implications for combined groups.
Mar 7, 2024
INTRODUCTION The COVID-19 pandemic significantly altered the landscape of work, particularly by accelerating the adoption of remote work. Massachusetts, like many states, has introduced new legislation and guidelines to address the complexities of payroll tax and remote working arrangements. This article explores the latest developments in Massachusetts state legislation regarding payroll taxes and the implications for remote work in 2024.
Feb 18, 2024
INTRODUCTION New York State’s tax landscape has been notably impacted by the rise of remote work, especially in the aftermath of the COVID-19 pandemic. This shift has prompted significant legislative and administrative changes, affecting payroll tax and remote working arrangements. This article examines recent developments in New York State legislation concerning payroll taxes and the taxation of remote workers, highlighting key rulings and their implications for employers and employees.
Jan 21, 2024
INTRODUCTION OF CHANGES The 2024 Federal Budget has introduced significant tax updates in Canada, specifically concerning the calculation of the employee stock option deduction, effective from June 25, 2024. These changes represent a major development in tax news that employees, employers, and tax advisors must understand to stay compliant with the new tax 2024 rules and to optimize their tax planning strategies.
Dec 11, 2023
Effectively Connected Income (ECI) can create significant tax challenges for non-U.S. investors in the United States. To mitigate these challenges, investors often use blocker structures. This article delves into the mechanics of blocker structures, their benefits and drawbacks, and recent developments in their use.
Nov 14, 2023
Unrelated Business Taxable Income (UBTI) is a critical concept in the realm of tax-exempt entities, such as charities, educational institutions, and retirement funds. Although these entities are typically exempt from federal income tax, UBTI can subject them to taxation under certain conditions. This article delves into the intricacies of UBTI, explores why investors strive to avoid it, and provides strategies for managing its impact.
Oct 23, 2023
Corporate tax compliance is a cornerstone of managing a successful business in the United States. Adherence to tax regulations is essential to avoid penalties, audits, and financial disruptions that can hinder operations. This article examines the critical importance of tax compliance, the common challenges faced by corporations, and the role of tax compliance software in streamlining these processes.
Oct 8, 2023
KEY TAKEAWAYS * The criteria for Paid Family and Medical Leave (PFML) are determined by each state. * Employers currently receive a 12.5% credit on wages paid during PFML according to Code Section 45S. * Congress has approved a new bill to expand the act and make it a permanent tax law.
Sep 29, 2023
Understanding the US tax system is essential for corporations operating within the country, given its complex landscape that encompasses both federal and state taxes. This article provides an overview of key aspects of corporate taxation in the US, including the differences between federal and state taxes, the various types of taxes that corporations may face, and important dates and deadlines.
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Jeroen van der Wal
Business Development Representative
