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CORPORATE PLUS / CORPORATE Raise your companys profile and business prospects.thegma.org.ukDISCOVER THE BENEFITS OF MEMBERSHIP The Grounds Management Association is the leading professional membership
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Corporate plus corporate is a term used to describe a specific type of combined financial reporting or tax entity structure where two or more corporations report their financials together for a particular purpose.
Entities that are part of a consolidated group or have a requirement to report jointly for tax purposes, typically large corporations with subsidiaries, are required to file corporate plus corporate.
To fill out a corporate plus corporate, gather financial data from all participating corporations, complete the required forms as specified by tax authorities, ensuring that all financials and disclosures are accurately reported, and then submit the consolidated form.
The purpose of corporate plus corporate is to provide a comprehensive view of the financial performance and tax obligations of a group of related corporations, facilitating better compliance and financial reporting.
Information that must be reported includes total income, expenses, profits, tax credits, and details specific to each corporation within the group, along with intercompany transactions.
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