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This form is filed annually to report the corporation’s income, deductions, and other financial details pertinent to the S corporation. In summary, IRS Form 1120-S is a crucial tax document for businesses that have elected to operate as an S Corporation, ensuring accurate reporting of financial figures to the IRS and aiding shareholders in the […]

We’ve chatted with several accounting teams at established firms and found that most are currently using small business accounting software for their trusts. Connecting the trust software with billing and document management systems streamlines workflows. Automating handoffs between systems eliminates tedious copying-pasting or manual data entry. Accurate Record-Keeping Complex systems with confusing interfaces often result […]