Written by the AccounTX Editorial Team Reviewed by Satish Sarawagi Tax season puts every US CPA firm to the test. The volume of returns spikes sharply between January and April. Clients with complex returns – multi-state filers, foreign-owned businesses, partnership structures, trust income – demand accuracy and speed simultaneously. And throughout all of...
Written by the AccounTX Editorial Team Reviewed by Satish Sarawagi The US accounting profession is under structural pressure that is not going away. The Bureau of Labor Statistics reported that the US accounting and auditing workforce dropped to approximately 1.78 million professionals in 2024 – nearly 10% lower than 2019. At the same...
Written by the AccounTX Editorial Team Reviewed by Satish Sarawagi Ask any US startup lawyer, venture capitalist, or experienced founder which state they would choose to incorporate a company in, and almost all of them will say the same word: Delaware. More than 65% of Fortune 500 companies are incorporated in Delaware. So...
India’s tax landscape is undergoing its most significant transformation in over six decades. The Income Tax Act 2025, introduced in the Lok Sabha on 13 February 2025, is set to replace the aging Income Tax Act 1961 — a law that was amended more than 3,800 times since its inception. For taxpayers, businesses, and tax...
Tax Deducted at Source (TDS) is one of the most important – and most frequently confused – tax compliance obligations for businesses and individuals in India. Whether you are a company making contractor payments, a business owner paying rent, or an employer processing monthly salaries, understanding the applicable TDS rates is essential to avoid penalties,...