SCRA: South Carolina Research Authority的动态

?? A 5 Billion Letter from HMRC ?? ?? Transforming Tax Collection with a Single Sentence! Imagine this: A standard debt collection letter that boosts timely payment rates from 67% to 83% just by adding one line: “Most taxpayers in your town have already paid their taxes on time.” That's exactly what happened with HMRC in the UK. Thanks to the clever insights of Steve J. Martin HMRC collected additional 5b revenue. ?? Applying the Magic in Finance As a Finance Director for an owner-managed care home provider, this story piqued my interest. Why not try this approach with late paying customers for my clients who worked with councils? We tweaked our reminder letters to late payers to showcase on-time payments by other councils. The result? A stellar improvement in our debt collection rates! ?? The Power of a Nudge It’s fascinating how a simple change in wording can significantly impact behavior. This isn’t just about asking for payments; it’s about how you ask. The right words can drive compliance and boost financial efficiency in ways you might not expect. ?? Can you improve company cash flow? What if your invoices reminded clients that most others pay on time? This subtle nudge could speed up your cash collections! ?? Let's Innovate Together I’m eager to dive deeper into how these behavioral principles can revolutionize financial strategies in various sectors. Do you have thoughts on applying these innovative tactics in your business? Let’s chat and transform the way we approach finance!

This SmartCompany article has some excellent advice about tax time for SMEs by a client of mine Mackay Goodwin. For many #smallbusiness and #soletrader businesses, it's interesting to note?the #ATO is reportedly intensifying its focus on?work-from-home #WFH expenses in the upcoming year. The ATO revised the fixed rate method for calculating work-from-home deductions last year, expanding the scope of what can be included and raising the rate. As these changes come into full effect this year, people are being cautioned about the importance of maintaining “comprehensive records” to support their work-from-home claims. Definitely worth putting in a couple of hours to be prepared by EOFY. #Smallbiz #taxtime #healthyfinances #smallbizadvice

?? Seven Tax Time Tips for Australian Businesses Leading into EOFY ?? As we approach the end of the financial year, it's crucial for business owners, accountants, and lawyers to fine-tune financial strategies to make a significant difference in your business. In our latest article, Richard Lawrence, Director at Mackay Goodwin, shares essential insights to help you navigate these changes: ?? Income Tax Rate Changes: Understand how the new tax rates and thresholds, effective July 1, 2024, can impact your financial plans. ?? Remuneration Strategies: Optimize how you pay yourself to maximize tax benefits. ?? Business Structure Review: Evaluate if your current business structure is still the best fit for your growing income. ?? Superannuation Contributions: Leverage super contributions to reduce taxable income. ?? ATO Focus Areas: Be aware of the ATO’s increased scrutiny on specific sectors and deductions. ?? Depreciation Rules: Know how the changes to temporary full expensing and instant asset write-off affect your asset acquisitions. ?? Early Tax Preparation: Implement systems and complete your tax assessments early to ensure compliance and financial success. Don't miss out on these valuable tips to position yourself for success in the new financial year. ?? Read the full article below https://hubs.li/Q02Cnjsz0

Explore the latest insights on the Finance (No.2) Act 2023, uncovering new interest deduction measures aimed at simplifying Ireland’s rules on interest deductibility. Read more: https://maza.rs/6044com1i For more information get in touch with Frank Greene and Noirin Cahalane Don’t miss out on all our tax insights, sign up to our newsletter here: https://maza.rs/6045com1c #Finance #Tax #Legislation #Business

?? Exciting News Alert! ?? ?? Calling all financial professionals and enthusiasts! Have you been searching for insights into enhancing tax season efficiency for collection companies? Look no further! PaymentVision has just released an insightful new blog post titled "Multiple Viewpoints on Collection Company Strategies for Tax Season Efficiency"! ???? ?? Dive into the world of collection company strategies and gain valuable insights to streamline your operations during tax season. Whether you're a seasoned industry expert or just starting out, there's something useful for everyone in this comprehensive blog post. Take advantage of the opportunity to stay ahead of the curve and optimize your processes for peak efficiency! Click the link below to read now: https://lnkd.in/eTvGEveh Like, share, and comment to let us know your thoughts and join the conversation! ?? Dani Schmidt Debi Bouslog Scott Wittosch

“DIC Corp Plunges into Pre-Tax Loss in Q3, with Negative Cash Flow from Operations of nearly VND 1,200 Billion” https://ift.tt/EMPpSgk DIC Corporation (DIG) released its Q3 2024 financial report, revealing a significant drop in revenue compared to the previous year. The company’s primary source of income, real estate business operations, declined by 80%, with a 38% decrease in revenue from the transfer of CSJ apartment units, transfer of rough construction works in the Dai Phuoc project in Hau Giang, and transfer of land use rights in the Nam Vinh Yen project. Despite the challenging quarter, DIC Corp’s financial revenue increased by 124% year-on-year, reaching VND 24 billion, mainly due to recognized interest income from deposits and lending activities. Expenses remained relatively stable during this period. The company reported a pre-tax loss of nearly VND 6 billion, a stark contrast to the VND 22 billion profit in the same period last year. However, by deferring corporate income tax expenses, DIC Corp recorded an after-tax profit of VND 11 billion in Q3, a 7% decrease year-on-year. Figure 1: DIC Corp’s Q3 2024 Financial Snapshot A deep dive into the company’s cash flow statement reveals a substantial negative business cash flow of nearly VND 1,200 billion in Q3, a significant deviation from the VND 125 billion negative cash flow in the same period last year. This indicates a potential strain on the company’s liquidity and ability to generate cash from its core operations. For the first nine months of 2024, DIC Corp’s cumulative revenue stood at VND 869 billion, a 47% decrease year-on-year, while pre-tax profit plummeted by nearly 70% to VND 42 billion. Post-tax profit also took a hit, declining by almost 85% to nearly VND 16 billion. With these results, DIC Corp has achieved 37% of its annual revenue target and 4% of its profit goal. Looking ahead, DIC Corp has set ambitious goals for 2024, targeting a revenue of VND 2,300 billion and a pre-tax profit of VND 1,010 billion, which represent increases of 72% and 509%, respectively, compared to the previous year. However, it’s important to note that the company fell short of its high targets in 2023. The projected profit for 2024 is based on the planned business operations and expected revenue from the transfer of products in various projects, including the Dai Phuoc Eco-Tourism Urban Area (Dong Nai), Lam Ha Center Point Urban Area (Ha Nam), DIC Nam Vinh Yen City (Vinh Phuc), DIC Victory City (Hau Giang), Hiep Phuoc Residential Area, Vung Tau Gateway Apartment Building, and CSJ Phase 1. As of September 30, DIC Corp’s total assets amounted to VND 18,153 billion, a 7.8% increase from the beginning of the year. This includes VND 3,785 billion in cash and cash equivalents, reflecting a significant boost of over VND 1,200 billion since the start of 2024. Short-term receivables and inventory make up a significant portion of the company’s total assets, standing at VND...

As tax advisors, we are here to help you manage your finances and stay compliant with tax regulations. Whether you need tax planning, return preparation, or audit assistance, our expertise and personalized approach will guide you through the process. Follow us on social media for tax strategies, financial best practices, and industry updates.?Schedule a consultation?for further advice. #TaxAccountant #TaxTips #TaxPlanning #SmallBusiness #TaxCompliance #TaxStrategies #TaxInvestigations #YourTaxExpert #TaxAdvice? https://bit.ly/4aP4VMx

VAT bills can represent a significant outlay, often arriving at times when cash flow is already tight. This is where VAT bill financing comes into play as a strategic solution, offering your business the flexibility and financial breathing room it needs to thrive. https://buff.ly/43kIBHI ?? #VATFinancing #BusinessGrowth #CashFlowManagement #YuzuGroup

The Australian Taxation Office (ATO) is intensifying its compliance efforts, focusing on medium-sized and emerging private groups. This AccountantsDaily outlines how over the next month, the ATO will contact businesses and entities that now meet its criteria for medium and emerging private groups, including those linked to Australian resident individuals controlling wealth between $5 million and $50 million, and businesses with an annual turnover exceeding $10 million. Key areas under review include trusts, business loans, and capital gains tax concessions. For businesses experiencing rapid growth, it's crucial to ensure compliance with tax obligations to avoid potential scrutiny. Engaging with tax professionals can provide valuable guidance during this period. ...and as always, if you or your clients are having difficulty financing tax debt, early action is key. The earlier you ask for options - the more options there may be to offer... To keep up-to-date what is happening at SMB Advisory, sign up to our newsletter here: https://lnkd.in/gSXfgtDu https://lnkd.in/gqtuRad2

What's the latest with the ERC program? ?? Recently, the IRS issued five new warning signs of incorrect ERC claims. If your claim includes any of these warning signs, you should speak to your tax professional. For more on the details, check out our blog post and stay tuned for updates: https://ow.ly/FuXs50SZl1J #Klatzkin #accounting #finance #ERC #cpa