This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: U.S. businesses will probably spend $131.8 billion in monetized time and out-of-pocket costs preparing and filing business income tax forms and related schedules and attachments during fiscal year 2026, an increase of 3.2% compared with costs incurred in the fiscal 2025 period ended Sept. 30, according to a Treasury Department estimate released in a Federal Re ...

Group 1 - The article provides a step-by-step guide on how to apply for a tax clearance certificate for taxpayers who have not registered for tax operations through the electronic tax bureau [4][5][11]. - The process begins by accessing the electronic tax bureau without logging in, selecting the public service option, and navigating to the tax clearance application section [4][10]. - Taxpayers must enter their unified social credit code or taxpayer identification number, along with the legal representative's name and phone number, to receive a verification code via SMS [5][11]. Group 2 - If the system does not recognize the identity information, users are instructed to register as a natural person on the electronic tax bureau [5]. - In cases where the unified social credit code is incorrect, users are advised to verify the accuracy of the code and consult online if necessary [5]. - Once the system retrieves the taxpayer's name and legal representative's phone number, users can proceed to enter the verification code and confirm the application for the tax clearance certificate [5][11].

Core Viewpoint - The article discusses the credit scoring system for tax-related professional service institutions, emphasizing the importance of understanding the scoring dimensions and how to improve scores effectively [3]. Group 1: Credit Scoring Evaluation Period - The credit score for tax-related professional service institutions is cumulative over an evaluation period from January 1 to December 31 each year, with results announced monthly [3]. - The evaluation results are valid for one year from the date of issuance, and the previous year's evaluation must be completed by April 30 [3]. Group 2: Credit Scoring Indicator System - The credit scoring system consists of five levels, with a maximum score of 500 points across nine primary indicators [3]. - The primary indicators include previous credit situation (100 points), client tax credit (20 points), taxpayer and tax authority evaluation (50 points), real-name tax payment (90 points), business scale (20 points), service quality (120 points), business information quality (50 points), industry self-discipline (30 points), and personnel credit (20 points) [3]. Group 3: Scoring Methodology - Client evaluation is based on a satisfaction survey initiated by tax authorities, with scores ranging from 0 to 20 points depending on the client's feedback [4]. - The scoring for service agreement reporting is calculated based on the ratio of reported service agreements to the total number of tax service personnel [5]. - Business scale scoring includes revenue from various tax service categories, with a maximum of 20 points allocated based on the proportion of income from these services [6]. Group 4: Revenue and Performance Metrics - The average revenue per tax service personnel is compared to the provincial average, with a maximum score of 10 points for equal or higher performance [6]. - Institutions are encouraged to report additional agreements for general tax consulting and other tax agency services, with a cap of 20 points for this indicator [8].

Group 1 - The article discusses the process for businesses to log into the electronic tax bureau and manage tax-related services [1][2] - It outlines the steps for businesses to view their tax service agencies and manage their agency agreements [4][6] - The article explains the procedure for submitting and confirming agency agreements, including the status updates during the process [8][10] Group 2 - It details the rules for issuing red invoices in case of errors, including the responsibilities of both the issuing and receiving parties [16][17] - The article provides information on the tax exemption policy for small-scale taxpayers, specifically those with monthly sales not exceeding 100,000 yuan [18][21] - It emphasizes the implementation timeline for the tax exemption policy, which is effective until December 31, 2027 [18]

欢迎扫描下方二维码关注： (5) 注明旅客身份信息公路、水路等其他客票 购进旅客运输服务应当如何计算抵扣进项 科额? 答 （一）取得符合条件的国内旅客运输服务的 增值税专用发票，其进项税额允许从销项税额中 抵扣。 (二）未取得增值税专用发票的，暂按照以 下规定确定讲项税额: 根据《国家税务总局 财政部 中国国家铁 路集团有限公司关于铁路客运推广使用全面数 字化的电子发票的公告》，自2025年10月1日 起,纸质火车票正式停用,全面使用电子发票 (铁路电子客票）。需要报销入账的旅客，应 当取得电子发票（铁路电子客票）。乘车日期 在2025年9月30日前的，旅客取得的铁路车票 (纸质报销凭证）仍可报销入账。 例如:纳税人A取得一张铁路电子客票, 票面金额是300元，可以抵扣的进项税额是 300/（1+9%）×9%=24.77元。 3.注明旅客身份信息的航空运输电子客票行程单 暨价+燃 90% 油附加费) 讲师精细 《国家税务总局 财政部 中国民用航空局关 于民航旅客运输服务推广使用全面数字化的电 子发票的公告》，自2025年10月1日起，纸质 机票行程单正式停用,全面使用电子发票(航 空运输电子客票行程单）。原纸 ...

Group 1 - The article discusses the process for users to upgrade their real-name authentication level on the electronic tax bureau platform, emphasizing that a level below four restricts certain functionalities [4][6][8] - Users are instructed to log in to the electronic tax bureau, navigate to the account center, and follow prompts to complete the upgrade process [5][6][8] - The article highlights the importance of maintaining an adequate real-name authentication level for seamless access to tax-related services [4][5] Group 2 - The article outlines tax regulations regarding the transfer of non-listed company equity, stating that the tax basis is determined by the amount listed in the property transfer document, excluding VAT, with a tax rate of 0.05% [15] - For the transfer of listed company equity, the tax is based on the transaction amount with a tax rate of 0.1%, and recent announcements indicate a halving of the securities transaction stamp duty starting from August 28, 2023 [16][17] - The article also mentions tax relief measures for small-scale taxpayers and micro-enterprises, effective from January 1, 2023, to December 31, 2027, which include a 50% reduction in various taxes [15]

电梯广告位出租，如何缴纳增值税？ 根据《财政部 国家税务总局关于全面推 开营业税改征增值税试点的通知》(财税 〔2016〕36号)附件1《营业税改征增值税试 点实施办法》附《销售服务、无形资产、不 动产注释》规定： 一、销售服务 欢迎扫描下方二维码关注： ……（六）现代服务。 现代服务，是指围绕制造业、文化产 业、现代物流产业等提供技术性、知识性服 务的业务活动。包括研发和技术服务、信息 技术服务、文化创意服务、物流辅助服务、 租赁服务、鉴证咨询服务、广播影视服务、 商务辅助服务和其他现代服务。 5.租赁服务。 租赁服务，包括融资租赁服务和经营租 赁服务。 （2）经营租赁服务，是指在约定时间内 将有形动产或者不动产转让他人使用且租赁 物所有权不变更的业务活动。 按照标的物的不同，经营租赁服务可分 为有形动产经营租赁服务和不动产经营租赁 服务。 将建筑物、构筑物等不动产或者飞机、 车辆等有形动产的广告位出租给其他单位或 者个人用于发布广告，按照经营租赁服务缴 纳增值税。 因此，电梯广告位出租应按不动产经营 租赁项目开具发票。 来源山西税务税宣速递 弟(—)坝所称提供劳务收入,是指止业从争建 筑安装、修理修配、交 ...

Core Viewpoint - H&R Block, Inc. (HRB) is identified as a potentially undervalued investment opportunity, with a strong business model and consistent cash flows, despite market perceptions of stagnation and decline [1][13][14] Company Overview - H&R Block is a leading provider of tax preparation services in the U.S. and Canada, serving millions of individuals and small businesses annually [2] - The company has a recurring customer base and a seasonal yet highly cash-generative operating model [2] Valuation Metrics - H&R Block's Intrinsic Value to Price (IV/P) is 1.50, indicating the market prices the company at only two-thirds of its estimated intrinsic value [4] - The Acquirer's Multiple stands at 8.10×, which is attractive for a mature service business with resilient recurring revenues [5][9] Financial Performance - Revenue for the trailing twelve months (TTM) is approximately $3.77 billion, with a net income of around $610 million and operating margins above 20% [10][6] - The company generates strong free cash flow of about $576 million, reflecting efficient capital expenditure requirements [11][10] Balance Sheet Strength - H&R Block maintains a manageable net debt of approximately $1.36 billion and a strong cash generation capability [11][7] - The balance sheet shows large temporary liabilities during tax season, which unwind as revenue comes in [7] Capital Returns - The company has a shareholder-friendly capital return program, consistently targeting excess free cash flow towards buybacks and dividends [12] - H&R Block has a history of reducing share count through aggressive buybacks [11][12] Market Perception - Despite strong cash flows and a resilient customer base, the market views H&R Block as a low-growth business threatened by digital disruption [13] - The company's digital offerings continue to grow, contributing to its stable revenue and profitability [17] Conclusion - H&R Block represents a blend of quality, stability, and deep value, making it an attractive opportunity for value investors seeking predictable cash flows and prudent management [14]

Core Viewpoint - The article discusses the procedures and requirements for tax-related services, particularly focusing on the authorization process for invoice management and the special deductions for major medical expenses in tax filings [12][14]. Group 1: Tax Authorization Process - If the invoicing party has not authorized the recipient, the system prompts the recipient to initiate an authorization request [5]. - The invoicing party can confirm the authorization through the electronic tax bureau app, allowing the recipient to check the declaration status of selected invoices [5][6]. - The system provides options for setting the authorization period, which can be monthly, quarterly, or annually [6]. Group 2: Major Medical Expense Deductions - Taxpayers can deduct medical expenses exceeding 15,000 yuan after insurance reimbursements, up to a limit of 80,000 yuan [12]. - Parents can choose to deduct medical expenses incurred by their minor children [13]. - Taxpayers must retain documentation such as original or copied invoices and medical expense lists for verification [15].

Core Viewpoint - Senior executives at Ryan propose tax policy changes to stimulate innovation and economic growth in the UK, emphasizing the need for a shift from the current growth strategy due to declining productivity and rising inflation [1][2]. Tax Policy Suggestions - The UK government should incentivize innovation and knowledge capital through tax and policy measures, similar to strategies employed in the US, Ireland, and Singapore [2]. - A targeted tax approach could raise revenue while allowing UK companies in key sectors like AI to defer corporation tax liabilities, enabling reinvestment in workforce and commercialization [3]. VAT and Cash Flow - Introducing a flexible VAT system that allows firms in priority sectors to defer VAT payments could stabilize cash flow and encourage faster investments [3]. Modern Business Models - Changes to capital allowances and R&D rules are necessary to align existing incentives with modern business models, including expanding the 100% full expensing regime to cover patents, licenses, and software [4]. - Streamlining the R&D tax relief framework is essential, with a proposal to replace the current dual system with a single 40% credit to simplify investment incentives [5]. Cost Base Expansion - Expanding the cost base for R&D tax relief to include rent, rates, capital expenditure, and patent legal fees would better reflect the full costs of developing new products and technologies [5].