Nucleus Advisors’ Post

🚨 Attention Tax Pros! 🚨 The Tax Adviser just released a crucial article on the new Business Operating Income (BOI) reporting requirements. 📊 Here's what you need to know: 1. BOI includes income from sales, services, and other business activities. 2. These changes significantly impact tax preparation and calculation of taxable income. 3. New forms and filing requirements have been introduced. 4. Educating clients about accurate reporting and potential penalties is crucial. 5. Staying updated on the latest tax laws is essential for providing effective services. Read the full article here: [https://lnkd.in/e5pDKjki) How are you preparing for these changes? Share your thoughts and strategies in the comments below! 💬 #TaxLaw #TaxPreparation #BOIReporting #TaxProfessionals #TaxUpdates https://lnkd.in/e4gEjB2f Get the latest TaxPro news via email: https://lnkd.in/enfg4BuU Pass the EA Exams: https://lnkd.in/emDt264J

Thanks for the inquiries! Clarification: You must report your BOI to FINCEN even if you have filed tax returns in the past for your entities, unless otherwise exempt. “I have filed tax returns for my LLC for 20 straight years!” does NOT relieve you of your obligation to report. Hint: scan a copy of your state issued ID before reporting as you will need to upload it to complete the filing. FAQs: https://lnkd.in/g3Zw_FFE

📢 A V H K and Associates, Chartered Accountants brings you the January 2025 Tax Update, covering all the crucial Income Tax, GST Notifications, and Circulars for the month. Stay ahead of the curve with our comprehensive guide on the latest regulatory changes! 📊 Download the PDF now for detailed insights. #TaxUpdates #IncomeTax #GSTCompliance #TaxRegulations #TaxNews #FinanceUpdates #TaxConsultant #RegulatoryChanges #TaxAdvisory #A_V_H_K_Associates #TaxConsulting #January2025 #TaxLaw

🟩 Master Course on Income Tax Audit from a GST Perspective Enroll Now: https://lnkd.in/gn2f9-dY What will be Covered in the Course? ▪ Overview of Income Tax Audit: Purpose, scope, and key objectives ▪ GST and Income Tax Audit Interactions: How GST impacts income tax audits ▪ Reconciliation of GST Returns with Financial Statements: Ensuring accuracy and compliance ▪ Common Issues and Pitfalls: Identifying and resolving frequent audit issues ▪ Documentation and Evidence: Best practices for maintaining accurate records ▪ Recent Amendments: Understanding the latest changes in GST and income tax laws ------------------------------------------------ For Queries - 7560 932 109, academy@taxscan.in #IncomeTaxAuditCourse #IncomeTaxAudit #IncomeTax #Audit #TaxCourse #IncomeTaxCourse #OnlineCourse #onlinecertificatecourse

🚨 LAST DAY TO REGISTER !! 🟩 Master Course on Income Tax Audit from a GST Perspective Enroll Now : https://lnkd.in/gn2f9-dY What will be Covered in the Course? ▪ Overview of Income Tax Audit: Purpose, scope, and key objectives ▪ GST and Income Tax Audit Interactions: How GST impacts income tax audits ▪ Reconciliation of GST Returns with Financial Statements: Ensuring accuracy and compliance ▪ Common Issues and Pitfalls: Identifying and resolving frequent audit issues ▪ Documentation and Evidence: Best practices for maintaining accurate records ▪ Recent Amendments: Understanding the latest changes in GST and income tax laws ------------------------------------------------ For Queries - 7560 932 109, academy@taxscan.in #IncomeTaxAudit #TaxAudit #IncomeTax #TaxCourse #OnlineCertificateCourse #CertificateCourse #OnlineCourse #TaxscanAcademy #Taxscan

🚨NEW LAUNCH !! 🟩 Master Course on Income Tax Audit from a GST Perspective Enroll Now: https://lnkd.in/gn2f9-dY What will be Covered in the Course? ▪ Overview of Income Tax Audit: Purpose, scope, and key objectives ▪ GST and Income Tax Audit Interactions: How GST impacts income tax audits ▪ Reconciliation of GST Returns with Financial Statements: Ensuring accuracy and compliance ▪ Common Issues and Pitfalls: Identifying and resolving frequent audit issues ▪ Documentation and Evidence: Best practices for maintaining accurate records ▪ Recent Amendments: Understanding the latest changes in GST and income tax laws ------------------------------------------------ For Queries - 7560 932 109, academy@taxscan.in  #onlinecourse #professionalupskill #careergrowth #taxscanacademy #taxscan #OnlineCourse #AcademyCourse #OnlineCertificateCourse #CertificateCourse #IncomeTaxAudit #GSTPerspective #GST #GSTCourse #IncomeTaxCourse #TaxCourse

📅💼 Income Tax Filing: It's That Time of the Year Again! 💼📅 It's that time of the year again – income tax return filing season. No matter how you feel about it, if you're a salaried individual, there's no escaping it. So, it's best to be prepared and file your details diligently. You can either do it yourself or seek help from a professional. I'd like to share a portal I've been using for the past three years: TaxBuddy.com. They offer straightforward plans for different categories of earnings, such as salaries, income from equity, business income, and more. Their services have made my tax filing process much easier and stress-free. Feel free to give TaxBuddy a try. This is not a sponsored post; just sharing a tool that has worked well for me. Sujit Bangar TaxBuddy.com #IncomeTax #TaxFiling #India #Finance #TaxTips #Efiling #Compliance #FinancialPlanning

The time limit for filing ITR-U is 24 months from the end of the relevant assessment year. The Return of FY 22-23 (AY 2023-24) can be updated till 31st March 2026. For Example: Financial & Assessment Year Last date to file ITR-U For FY 21-22 (AY 2022-23) can be filed on or before 31st March 2025 But you will have to pay an additional tax of 25% or 50% on the tax amount, depending on when you file the ITR-U. ITR-U filed within Additional Tax: 12 months from the end of relevant AY-25% of additional tax (tax + interest) 24 months from the end of relevant AY-50%  of additional tax (tax + interest) For more details please feel free to reach out to me for more details Thank you, Siddhartha, 9908674034 #IncomeTaxReturn #ITRU #TaxFiling #FinancialYear #TaxSeason #TaxCompliance #TaxPlanning #ITRUpdate #TaxConsulting #TaxSavings #FinanceTips #TaxDeadline #TaxAdvice #FiscalResponsibility #TaxRefund #TaxDeductions #TaxPayer #TaxConsultant #IncomeTaxIndia #TaxReform

The Income-Tax (I-T) Department is reviewing cases from assessment year (AY) 2018–19 for potential reopening, which may lead to a surge in tax notices. Our Partner, Alay Razvi shares his comments with Business Standard in an article titled, "Give robust response to Section 148A notice to avoid reassessment." Read more at : https://lnkd.in/g8DC_qzz #knowledgesharing #opinion #personalfinance #taxation #itr #lawfirm

🟩 Master Course on Income Tax Audit from a GST Perspective Enroll Now : https://lnkd.in/gn2f9-dY What will be Covered in the Course? ▪ Overview of Income Tax Audit: Purpose, scope, and key objectives ▪ GST and Income Tax Audit Interactions: How GST impacts income tax audits ▪ Reconciliation of GST Returns with Financial Statements: Ensuring accuracy and compliance ▪ Common Issues and Pitfalls: Identifying and resolving frequent audit issues ▪ Documentation and Evidence: Best practices for maintaining accurate records ▪ Recent Amendments: Understanding the latest changes in GST and income tax laws ------------------------------------------------ For Queries - 7560 932 109, academy@taxscan.in Taxscan#students #learners #business #finance #accountants #incometax #audit #gst #incometaxaudit #basic #advance #onlinecourse #livecourse #professionalupskill #careergrowth #taxscanacademy #taxscan #OnlineCourse #AcademyCourse #OnlineCertificateCourse #CertificateCourse