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The Professional Tax Software market is evolving rapidly driven by technological advancements and increasing compliance requirements With the growing complexity of tax regulations and the need for efficient tax management solutions businesses are increasingly adopting professional tax software ...
The Professional Tax Software market is evolving rapidly driven by technological advancements and increasing compliance requirements With the growing complexity of tax regulations and the need for efficient tax management solutions businesses are increasingly adopting professional tax software to streamline ...Press release - WMR - Professional Tax Software Market Is Booming Worldwide 2025-2032 | Unlocking Opportunities through Strategic Growth with Intuit, H&R Block, and Thomson Reuters - published on openPR.comThe Professional Tax Software market is evolving rapidly, driven by technological advancements and increasing compliance requirements. With the growing complexity of tax regulations and the need for efficient tax management solutions, businesses are increasingly adopting professional tax software to streamline their operations.The Global Professional Tax Software Market size is estimated to be valued at USD 10 billion in 2025 and is expected to reach USD 15 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6% from 2025 to 2032.
I dig deep into tech and market shifts with AI technology, offering strategic insights to stay ahead. ... - Global tax automation market to grow from $20.78B in 2025 to $60.66B by 2034, driven by AI, cloud, and compliance needs.
With the market projected to grow from USD 20.78 billion in 2025 to USD 60.66 billion by 2034 at a CAGR of 12.64% [1], investors are increasingly turning their attention to this sector. The convergence of AI-driven analytics, scalable cloud platforms, and evolving regulatory frameworks is reshaping how businesses manage tax compliance, creating compelling opportunities for strategic investment.The global cloud accounting software market is projected to grow from USD 5.73 billion in 2024 to USD 9.9 billion by 2033 at a CAGR of 6.2% [4]. Cloud solutions enable real-time data access, seamless integration with ERP systems, and remote collaboration—critical for businesses navigating cross-border tax complexities.The APAC tax compliance software market is expected to grow at a CAGR of 7.5% from 2026 to 2033, driven by India’s GST reforms and China’s digital tax initiatives [6]. Platforms that offer jurisdiction-specific configurations—like Thomson Reuters’ recent expansion of ONESOURCE with regional tax logic packs—are well-positioned to capture this demand [7].The tax automation market is a high-conviction investment opportunity, driven by AI, cloud, and global compliance demands. While Intuit dominates the SMB segment, Vertex and Thomson Reuters are leading the charge in enterprise solutions. As the market grows at a CAGR of 12.1% through 2034 [13], investors should focus on firms with scalable AI integration, cloud expertise, and regulatory agility.
If Trump’s tariffs in the year 2025 have taught us anything, it is that tax policy can have a monumental impact on worldwide economic markets. Inherent in this tax policy is the notion that the complexity of the tax rules and enforcement is a significant driver of tax policy.
The Tax Complexity index separates the complexity of the tax code from the complexity of the tax framework. This index has been recently updated through 2024.While tax complexity itself can be difficult to analyze, researchers at the TRR 266 Accounting for Transparency group based out of Germany have carefully formulated a measure and analyzed it over many years, dating back to 2016.This article discusses the global Tax Complexity index and the associated peer-reviewed academic research paper, how it separates the complexity of the tax code from the complexity of the tax framework, and how this index has been recently updated through 2024.Originally introduced in 2016, the Tax Complexity Index measures the complexity of a country’s corporate tax system from the perspective of multinational businesses. The primary researchers who formulated the measure include Dr. Thomas Hoppe and Dr. Caren Sureth-Sloane from Paderborn University and Dr.
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Get the most out of your tax return this year with the professional and experienced Market Tax Services.
As with most things in life, there can be consequences to taking action. Does your tax plan consider how your investments will affect your taxes? Have you planned how you want your estate handled? Do you know how your charitable giving will affect your tax liabilities?It’s nearly impossible for a lone tax professional to know how you will be affected by every change and adjustment. That is why, it is crucial to work with a team of professionals, each dedicated to understanding their part of the tax spectrum. Each member of our team, has years of experience in their field and knows how to work with the other members.Taxes are full of complicated situations and questions that are hard to answer. Leading most to delay tax planning, in the hopes that it will be easier down the road. The sad truth is that it will only get more difficult the longer you wait. That is why tax planning should be embraced and not feared.We believe in transparency and giving you all of the info you need to make decisions, so you can make them knowing that you understand and are prepared to do so. A complete tax plan that is regularly reviewed and updated to make sure your goals remain in focus, gives you peace of mind, and allows you to have confidence when tax day arrives.
A northern Michigan man is facing tax fraud charges related to a "black market" marijuana operation.
A northern Michigan man is facing tax fraud charges related to a "black market" marijuana operation, Michigan Attorney General Dana Nessel said.Nessel alleges that Cunningham collected income from a "black market" marijuana operation and did not file taxes in 2021 and 2022."When Michiganders voted to legalize marijuana, they did so with the expectation that sales would be taxed and the revenue would go toward benefiting our communities," Nessel said in a statement."People must pay their taxes, and my office will continue to hold accountable those who seek to profit outside the law."
The global tax technology market is set to expand at a 12% CAGR from 2025 to 2033. Key drivers include digitalization, complex compliance needs, and cloud-based AI solutions. Enterprises adopt automated platforms for precise, compliant tax operations worldwide.
Dublin, Sept. 05, 2025 (GLOBE NEWSWIRE) -- The "Tax Technology Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2025 To 2033" has been added to ResearchAndMarkets.com's offering.Quantitative market estimations and qualitative analyses provide insights into trends, market dynamics, segment analyses, and strategic recommendations. This growth is attributed to the increasing digitalization of financial operations, complexities in global tax compliance, and the rising adoption of cloud-based and AI-driven tax management solutions.Enterprises and tax advisory firms are investing in tax automation platforms to boost accuracy, adhere to regulations, and minimize the workload associated with direct, indirect, and international tax processes. North America led the market in 2024 due to early automation adoption and mature frameworks.The 2024 tax technology market comprised global enterprise software vendors and specialized providers. Key players like Intuit, Microsoft, Oracle, SAP, and Thomson Reuters dominated with integrated tax modules.
Capital gains tax is a tax on profits from asset sales. Long-term capital gains tax rates are 0%, 15% or 20%. Short-term rates equal ordinary income tax rates.
Arielle has appeared on the "Today" show, NBC News and ABC's "World News Tonight," and has been quoted in national publications including The New York Times, MarketWatch and Bloomberg News. She is based in Charlottesville, Virginia. ... Tina Orem is an editor and content strategist at NerdWallet. Prior to becoming an editor and content strategist, she covered small business and taxes at NerdWallet.Capital gains tax is a tax on profits from asset sales. Long-term capital gains tax rates are 0%, 15% or 20%. Short-term rates equal ordinary income tax rates.We believe everyone should be able to make financial decisions with confidence. And while our site doesn't feature every company or financial product available on the market, we're proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.Sabrina Parys is an editor and content strategist on the taxes and investing team at NerdWallet, where she manages and writes content on personal income taxes. Her previous experience includes five years as a copy editor and associate editor in academic and educational publishing.
/PRNewswire/ -- According to MarketsandMarkets™, the Tax Management Market is expanding rapidly, with a projected market size of USD 24.52 billion in 2025 and...
DELRAY BEACH, Fla., July 22, 2025 /PRNewswire/ -- According to MarketsandMarkets™, the Tax Management Market is expanding rapidly, with a projected market size of USD 24.52 billion in 2025 and reaching USD 33.21 billion by 2030, at a CAGR of 6.3% during the forecast period.This technology-driven shift is transforming tax functions across industries, including retail & e-commerce, banking, financial services & insurance (BFSI), by reducing manual workloads, improving audit readiness, and enabling proactive tax planning, positioning tax management as a strategic enabler in the digital finance ecosystem. ... The on-premises deployment mode is expected to hold the largest market share during the forecast period.Similarly, in June 2025, Avalara introduced SmartMap Pro, a visual configuration tool that allows businesses to map location-based tax rules and integrate custom exemptions into their ERP workflows. The developments highlight a market shift where advisory expertise is embedded directly into configuration tools, making technology adoption more accurate and compliant from the outset.North America has complex regulatory structures, high digital maturity, and sustained enterprise spending on compliance automation. It is expected to account for the largest market share. The presence of multilayered tax jurisdictions, including federal, state, and local levels, drives continuous demand for scalable, auditable, and frequently updated tax platforms.
/PRNewswire/ -- The Global Tax Management Software Market is projected to grow at a CAGR of 10.5% from 2026 to 2033, according to a new report published by...
The Tax Management Software Market is witnessing robust growth driven by rising global tax compliance requirements, increasing digitalization across enterprises, and a surge in demand for automated tax solutions.Adoption of AI-Driven Tax Automation: Enterprises are integrating artificial intelligence and machine learning into tax software systems to streamline data validation, detect compliance anomalies, and forecast tax liabilities with higher precision. Cloud-Based Deployment Driving Market Penetration: The shift to SaaS and cloud-based tax management platforms is accelerating, especially among SMEs and multinational corporations, due to scalability, remote accessibility, and low maintenance costs.The Tax Management Software Market is witnessing exponential growth driven by rising digital transformation initiatives, stringent regulatory mandates, and the surge in e-invoicing norms globally. Enterprises are prioritizing tax governance to reduce audit risks and enhance real-time compliance.While tax management software adoption is growing, several restraints continue to challenge its market penetration, especially among SMEs. One of the major hurdles is the high initial cost of implementation, licensing, and employee training. Despite long-term ROI, the upfront expenditure can deter budget-conscious organizations.
Report: The market has more than doubled in size since this time last year — and is diversifying rapidly.
This growth is driven in part by diversification: More investors are buying tax credits for more types of technologies. These are among the findings of a mid-year market analysis by Crux, a platform with marketplaces for both tax credit transfers and other clean energy finance products.The report, out this week, outlines a shift in market composition underway — one that is more a reflection of the pre-Trump implementation of the Inflation Reduction Act than it is of the present policy landscape of 2025. Credits for advanced manufacturing, nuclear, hydropower, geothermal, and especially energy storage are ascendant; together, these newly eligible tax credits made up about 36% of transfers, up about 50% compared with a year ago.This comes amid a shift in policy in the U.S., as the Trump administration and GOP-led Congress shakes up the tax credit landscape. The so-called “One Big Beautiful Bill, passed in July, preserved the ability to transfer clean energy tax credits, but it complicated the market by adding regulatory hurdles like the new “foreign entity of concern” rules.As Johnson put it, the transfer market is like light years, where “the light that you see comes from a prior time.” The report’s findings are “reflective of dynamics in project finance that happened over the last few years, because it takes a long time to build projects,” Johnson said. The rise of energy storage transfers, for instance, isn’t a result of the sector’s tax credits being spared in the OBBB negotiations this summer.
Higher stamp duty costs led to a drop-off in property market activity earlier this year, data shows - as more housing tax changes could be announced in the Budget.
It comes amid rumours in recent weeks that Labour could seek to make sweeping changes to property taxes in the Autumn Budget. Property experts say this uncertainty is already leading to a slowdown in the market, which could last until the Budget is delivered in late November.Some believe that the housing market is slowing down in response, which could lead mortgage lending to slide again. Noye said: 'Budget rumours are also adding to the uncertainty and talk of new property-related taxes could result in would-be sellers putting their plans on hold until they have a clearer picture, so there is still a risk that the market stalls further in the near term.''Lenders are targeting the buoyant first-time buyer market, which has become key to gaining market share.' However, this data was gathered before the Budget tax rumours had a chance to take hold.Higher stamp duty caused property market slowdown - and Budget tax rumours could stall it again, data shows
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The global tax technology market is set to expand at a 12% CAGR from 2025 to 2033, driven by digitalization, complex compliance needs, and cloud-based AI solutions. Key players such as Intuit, PwC, Ryan, SAP, Thomson Reuters, and Vertex are shaping the competitive landscape through partnerships, ...
The global tax technology market is set to expand at a 12% CAGR from 2025 to 2033, driven by digitalization, complex compliance needs, and cloud-based AI solutions. Key players such as Intuit, PwC, Ryan, SAP, Thomson Reuters, and Vertex are shaping the competitive landscape through partnerships, AI-enabled solutions, and real-time compliance platforms.North America leads the market, followed by Europe, while Asia Pacific is predicted to witness the highest CAGR.The global tax technology market is poised for significant growth, expanding at a compound annual growth rate (CAGR) of 12% from 2025 to 2033, according to a recent report by ResearchAndMarkets.com [1]. This expansion is driven by increasing digitalization of financial operations, complex global tax compliance requirements, and the rising adoption of cloud-based and AI-driven tax management solutions.Additionally, AI and machine learning are optimizing tax workflows by enhancing predictive analytics, anomaly detection, and coding accuracy [1]. North America led the market in 2024, followed by Europe, with Asia Pacific predicted to witness the highest CAGR from 2025 to 2033, driven by digitalization and tax reforms in countries like India, China, and Southeast Asia [1]. Latin America is also showing momentum, while the Middle East & Africa is progressing towards tax automation.These companies are shaping the competitive landscape through partnerships, AI-enabled solutions, and real-time compliance platforms [1]. The market is segmented into software and services, with software dominating in 2024 due to increased automation tool usage, while services, including consulting and implementation, are expected to grow as companies seek tailored solutions [1]. The market is also segmented by tax type, with indirect tax management holding the largest share in 2024, while international tax management is expected to grow fastest due to global operations and digital economy taxation [1]. In conclusion, the global tax technology market is experiencing robust growth, driven by technological advancements and evolving regulatory requirements.
Get more details from the IRS about filing taxes when you get the premium tax credit. ... Get your 1095-A form Your 1095-A should come by mail by mid-February. It may be in your Marketplace account anytime from mid-January to February 1. Log into your account, select your 2024 application, ...
Get more details from the IRS about filing taxes when you get the premium tax credit. ... Get your 1095-A form Your 1095-A should come by mail by mid-February. It may be in your Marketplace account anytime from mid-January to February 1. Log into your account, select your 2024 application, and then select “Tax Forms” to get your form.Select the type of health coverage you had in 2024 to get details about filing your taxes. More than one type of coverage may apply for you or your household. Marketplace plan with the premium tax credit - You enrolled in a health plan through the Marketplace and used premium tax credits to lower your monthly payments.Other health coverage - You bought a plan outside the Marketplace or were covered by Medicare, Medicaid, the Children’s Health Insurance Program (CHIP), or another source. No health coverage - You had no health coverage for all or most of 2024. Find help preparing and filing your taxes.If your tax return was rejected for not having Form 8962 and you didn't have Marketplace coverage in 2024, contact the Marketplace Call Center.
New Markets Tax Credit BenefitsThe NMTC Program incentivizes community development and economic growth through the use of tax credits that attract private investment to distressed communities. As of the end of FY 2023, the NMTC Program has:
Historically, low-income communities experience a lack of investment, as evidenced by vacant commercial properties, outdated manufacturing facilities, and inadequate access to education and healthcare service providers. The New Markets Tax Credit Program (NMTC Program) aims to break this cycle of disinvestment by attracting the private investment necessary to reinvigorate struggling local economies.The NMTC Program attracts private capital into low-income communities by permitting individual and corporate investors to receive a tax credit against their federal income tax in exchange for making equity investments in specialized financial intermediaries called Community Development Entities (CDEs).
If you purchased health care insurance through the Marketplace, you should receive a Form 1095-A, Health Insurance Marketplace Statement, at the beginning of the tax filing season. The information shown on Form 1095-A helps you complete your federal individual income tax return.
If Form 1095-A shows coverage for you and everyone in your family for the entire year, check the full-year coverage box on your tax return. Among other things, Form 1095-A reports the total monthly health insurance premiums paid to the insurance company you selected through the Marketplace.See below for more information regarding the effect of failing to reconcile advance payments of the premium tax credit. If you purchased coverage through the federally facilitated Marketplace and you set-up a HealthCare.gov account, you can get a copy of Form 1095-A, Health Insurance Marketplace Statement online from your account.Visit your Marketplace’s website to find out the steps you need to follow to get a copy of your Form 1095-A online. You can use either the information from your online account, if it is available, or the Form 1095-A that is mailed to you to complete your tax return.If advance payments of the premium tax credit were paid on behalf of you or an individual in your family, and you do not file a tax return reconciling those payments, you will not be eligible for advance payments of the premium tax credit or cost-sharing reductions to help pay for your Marketplace health insurance coverage in the next year.
They’re popular, highly visible, and marketed as tax relief—but research shows sales tax holidays are inefficient, create compliance headaches, and often miss the mark for the taxpayers they’re meant to help.
Tax Foundation is the world's leading independent tax policy nonprofit. We lead the tax reform debate toward smarter simpler policy.As energy prices have declined, European countries have switched the focus of their windfall profits taxes—a one-time tax levied on a company or industry when economic conditions result in large, unexpected profits—from energy providers to the banking and financial sector.The United Kingdom Treasury’s proposal to increase in the value-added tax (VAT) registration threshold would hold back small business growth, reduce the efficiency of the VAT system, and lead to a revenue shortfall.Every day, our team of trusted experts strives towards that vision by remaining principled, insightful, and engaged and by advancing the principles of sound tax policy: simplicity, neutrality, transparency, and stability.
The transferable tax credit market grew from $8.5 billion in the first half of 2024 to over $20 billion in the first half of 2025. Crux noted that the growth reflects many consecutive years of increasing investment in clean energy and manufacturing, especially over the past three years.
The market for transferable tax credits for clean energy grew in the past year, but moves by the Trump administration to eliminate tax incentives for wind and solar energy caused those segments of the market to drop, according to a new report.The transferable tax credit market grew from $8.5 billion in the first half of 2024 to over $20 billion in the first half of 2025. Crux noted that the growth reflects many consecutive years of increasing investment in clean energy and manufacturing, especially over the past three years.However, even as those segments of the market grew, the proportion of the market associated with standalone wind and solar dropped materially from 76% in the first half of 2024 to 43% in the first half of 2025. Unsold 2025 supply is even further tilted toward newly eligible technologies. · The report found that changing trade policy and negotiations around the One Big Beautiful Bill Act introduced uncertainty early in the year and further impacted an already-evolving tax credit market composition.That uncertainty led to tightened financial conditions in equity and debt markets in the first half of 2025. · The bill made significant changes to wind and solar credits, preserved credits for most other energy and manufacturing categories, and completely retained transferability. Since passage of the bill in early July, the Trump administration has · further tightened the window for wind and solar energy companies to place their projects in service with tax regulations.
The market for transferable tax credits for clean energy grew in the past year, but moves by the Trump administration blocked wind and solar energy.
The market for transferable tax credits for clean energy grew in the past year, but moves by the Trump administration to eliminate tax incentives for wind and solar energy caused those segments of the market to drop, according to a new report.The transferable tax credit market grew from $8.5 billion in the first half of 2024 to over $20 billion in the first half of 2025. Crux noted that the growth reflects many consecutive years of increasing investment in clean energy and manufacturing, especially over the past three years.However, even as those segments of the market grew, the proportion of the market associated with standalone wind and solar dropped materially from 76% in the first half of 2024 to 43% in the first half of 2025. Unsold 2025 supply is even further tilted toward newly eligible technologies. · The report found that changing trade policy and negotiations around the One Big Beautiful Bill Act introduced uncertainty early in the year and further impacted an already-evolving tax credit market composition.That uncertainty led to tightened financial conditions in equity and debt markets in the first half of 2025. · The bill made significant changes to wind and solar credits, preserved credits for most other energy and manufacturing categories, and completely retained transferability. Since passage of the bill in early July, the Trump administration has · further tightened the window for wind and solar energy companies to place their projects in service with tax regulations.