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Why You Shouldn’t File Income Tax Returns Earlier Than June 1st

BankBazaar

Are you the sort of person that rushes to file their income tax return as early as possible so that it’s done and dusted? Are you very proud of that gold certificate the income tax department sent you for timely filing? Additional Reading: Which is Better – New Tax or Old Tax Regime? How It Works. When to File.

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AICPA Wants To Exclude Some SMB Tax Shelters

PYMNTS

The American Institute of CPAs (AICPA) has asked the Internal Revenue Service (IRS) to exclude some small businesses (SMBs) from being treated as tax shelters. The letter went on to explain that an SMB that meets the definition of a syndicate would instead be treated as a tax shelter.

Taxes 135
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How Pilot Is Innovating Corporate Taxes For Millennial-Run Businesses

PYMNTS

Tax season frustrations can blossom into real financial problems, especially when refunds are paper checks sent through postal mail. tax code changes passed in 2017 did not soothe these frictions, either, as they shifted income brackets and altered rates, affecting consumers’ refunds and earnings.

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DAIBB- Management Accounting Answers: Definition of Management Accounting and Scope of Management Accounting

FluentBanking

Management Accounting also called managerial accounting or cost accounting is the process of analysing banking or business costs and operations to prepare internal financial report records and account to aid managers decision making process in achieving banking or business goals.

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Explained: Income Tax Rule Changes in Budget ‘23

BankBazaar

Confused about the changes in income tax rules announced in the latest budget introduced in Parliament on 1 st February, 2023? If you’re still a little at sea about the changes in income tax rules announced by the Finance Minister recently, here’s everything you need to know at a glance. We’re breaking it down for you.

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Why Should You Choose NPS As A Tax-Saving Investment?

BankBazaar

Additional Reading: A Millennial’s Guide To Tax-Saving Investments. NPS is an easily accessible and portable retirement savings instrument that is low cost and tax efficient. As per the 1961 Income Tax Act, NPS offers tax benefits of up to Rs. What are the income tax benefits available to individuals contributing to NPS?

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Combating inconsistency in risk management

Abrigo

When it comes to the risk management process, there is no one-size-fits-all approach. “It is as much an art as a science,” says Tim McPeak, risk management consultant at Sageworks. ” But these inconsistencies pose significant challenges to managing credit risk at financial institutions.