ThomsonReuters

MAY 12, 2022

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible. What is a sales tax audit?

Compliance 105

Compliance Technology 105

Viking Mergers

FEBRUARY 6, 2023

Last year’s 2022 Top States for Doing Business report from Area Development ranked South Carolina #3 overall. In Charleston, businesses get county-sponsored tax savings in addition to state tax incentives, have access to a skilled and competitive workforce, and can get help through local business development programs.

Technology 130

Technology Marketability 130

ThomsonReuters

NOVEMBER 2, 2021

As a corporate tax professional, you know the complexities of complying with business taxation requirements. Your company may have to file corporate tax returns in multiple states and local jurisdictions, as well as with federal — and perhaps international — tax authorities. Every company in the U.S.

Technology 59

Technology 59

ThomsonReuters

FEBRUARY 20, 2024

International GAAR rules Keeping up with tax avoidance regulation Abusive tax planning is not just a concern among U.S. tax authorities, it is a global concern. Governments around the world have long taken steps to crack down on tax evasion, such as using general anti-avoidance rules, better known as GAAR.

Compliance 52

Compliance 52

ThomsonReuters

NOVEMBER 15, 2021

Corporate tax teams responsible for collecting, managing, and paying indirect taxes face numerous challenges in today’s fractious tax landscape. For all too many managers, their days are filled with the stress of keeping pace with various changes in the indirect tax space. Indirect taxes: Much more than just a process.

Compliance 52

Compliance Technology 52

ThomsonReuters

JANUARY 30, 2023

States eye workforce as a legislative priority for payroll The majority of state legislatures began their legislative sessions this January. This came as no surprise to Tim Storey, CEO of the National Conference of State Legislators (NCSL). State legislators are responding to the call. Minimum wage increases.

Marketability 105

Marketability 105

ThomsonReuters

OCTOBER 10, 2023

Goods imported into an FTZ can be stored, manipulated, or manufactured without being subject to import duties or taxes until they enter the commerce of the U.S. Tax savings : Businesses may be able to benefit from tax advantages by operating in a bonded warehouse, as taxes are not levied until goods are withdrawn for local consumption.

Compliance 52

Compliance Marketability 52

Reynolds Holding

MARCH 4, 2024

It is a set of entities constructed to advance the legal purposes of a nonprofit, tax-exempt charitable corporation. The nonprofit and its tax-exempt charitable purposes, rather than Altman, should have been the star of the show. Why have the nonprofit and tax-exempt purposes been lost in public discussion about the OpenAI debacle?

Start-ups 59

Start-ups Technology 59

ThomsonReuters

AUGUST 15, 2022

Some states have laws that require the provision of supplemental COVID-19 paid sick leave. The Colorado Department of Labor and Employment (CDLE) has updated its webpage to clarify that state law requires supplemental paid leave for a federal public health emergency that is declared a “highly fatal infectious agent.”

Comps 97

Comps 97

ThomsonReuters

MARCH 29, 2021

Letter from Treasury Secretary Janet Yellen to State Attorneys General, 03/23/2021 ). Letter from Treasury Secretary Janet Yellen to State Attorneys General, 03/23/2021 ). Reductions in revenue resulting from tax cuts that are offset by alternative means would not trigger the Section 9901 limitation.

Treasury 52

Treasury 52

ThomsonReuters

MARCH 28, 2023

Compliance may not be the most glamorous task facing indirect tax (IDT) teams, but the rapid pace of change in global regulations and reporting requirements is turning the humble compliance function into a rapid-fire gauntlet of continuous challenges. In the next two years, more than a dozen countries (e.g.,

Compliance 59

Compliance Technology Marketability 59

ThomsonReuters

NOVEMBER 11, 2021

The practice is being increasingly regulated to ensure that profits are taxed at the place where value is created. In fact, a global effort is underway to tighten the restrictions and increase the documentation requirements for this practice, adding a significant amount of work and responsibility to the task of the corporate tax professional.

Technology 52

Technology Compliance Marketability 52

ThomsonReuters

MARCH 10, 2021

Provides that paid sick and paid family leave credits may each be increased by the employer’s share of Social Security tax (6.2%) and employer’s share of Medicare tax (1.45%) on qualified leave wages. “Applicable employment taxes” are defined as the employer’s share of Medicare or Tier 1 RRTA tax. .

Treasury 105

Treasury Start-ups Finance Marketability 105

Appraiser Newsroom

JULY 9, 2023

She has over 25 years of experience in valuation, financial reporting and tax, conducting numerous business and asset valuations for a variety of purposes including purchase price allocations, goodwill and asset impairments, mergers & acquisitions, tax restructuring, debt analysis, and gift and estate tax planning.

Intangible Assets 40

Intangible Assets Business Valuation Appraisal Finance 40

Appraiser Newsroom

JULY 9, 2023

Qualified as an Expert in State and Federal Courts in California and Colorado as well as in numerous counties for Ad Valorem Assessment Appeals. He has over fifty years of experience valuing machinery assets for a wide range of purposes including lending, accounting, Federal tax, property tax, condemnation, and litigation.

Appraisal 52

Appraisal Business Valuation Technology Marketability 52

ThomsonReuters

JUNE 3, 2021

Rock Hill Local Sch. The PHSA’s COBRA provisions apply to group health plans maintained by states or their political subdivisions, agencies, or instrumentalities. The post Court Dismisses PHSA COBRA Case Against School Board appeared first on Tax & Accounting Blog Posts by Thomson Reuters. 2021 WL 1140224 (S.D. Ohio 2021).

Equity 52

Equity 52

Benzinga

OCTOBER 24, 2023

Horizon is a leading commercial fiber provider in Ohio and adjacent states serving national wireless providers, carriers, enterprises, and government, education and healthcare customers. Horizon and Shentel share a similar history and a passion for outstanding local customer service while providing state-of-the-art technologies.

EBITDA 40

EBITDA Banking Finance Dividends 40

ThomsonReuters

OCTOBER 12, 2023

For accountants, understanding how to navigate foreign asset reporting is essential, as the IRS requires taxpayers to report certain foreign assets to ensure compliance and combat tax evasion. It is filed with their annual federal income tax return if they meet certain criteria. tax return. Generally, any U.S.

Compliance 40

Compliance Banking Dividends Technology 40

Reynolds Holding

FEBRUARY 26, 2023

Earlier this month, tax officials spent three days ransacking the offices in Mumbai and New Delhi after the government banned a BBC documentary that criticized Prime Minister Narendra Modi for allegedly condoning deadly violence against rioters when he was chief minister of Gujarat more than 20 years ago. [2]

Banking 111

Banking Marketability Market Capitalization Finance 111

Brian DeChesare

APRIL 5, 2023

The pitch is that you do a mix of high-level “macro” work and occasional “micro” work, such as direct investments, you may get to live in exotic locations and pay less in taxes, and you work much more normal hours than in other finance jobs. Returns – SWF: Targets are often 3 – 5% lower, whether directly stated or implicitly acknowledged.

Equity 59

Equity Start-ups Private Equity Firm Banking 59

Viking Mergers

OCTOBER 1, 2022

The 2022 Top States for Doing Business report from Area Development ranks South Carolina. #3 In Charleston, businesses get county-sponsored tax savings in addition to state tax incentives, have access to a skilled and competitive workforce, and can get help through local business development programs. 3 Logistics.

Technology 26

Technology Marketability 26

ThomsonReuters

APRIL 18, 2023

That’s why it is no surprise that the AICPA’s most recent “Top Firm Issues Survey ” found that “keeping up with changes and complexity of tax laws” is among the top issues for firms large and small. Firms that do not offer staff the flexibility they desire risk losing talent.

Technology 52

Technology Compliance Start-ups Finance 52

ThomsonReuters

MARCH 4, 2021

As background, the FFCRA and CARES Act, along with implementing regulations (see our Checkpoint article ), generally require group health plans and insurers to cover COVID-19 diagnostic testing without cost-sharing, prior authorization, or other medical management requirements. rapid) tests must be covered on the same basis as other tests.

Compliance 59

Compliance 59

ThomsonReuters

FEBRUARY 22, 2021

And regardless of where a product originates, the TCA institutes new border protocols for customs declarations, duty calculations, excise tax, value-added tax (VAT), product certifications, and more, all of which require additional paperwork, adding extra costs and layers of administrative friction to the entire import/export process.

Compliance 91

Compliance Data Analysis Technology Marketability 91

Appraiser Newsroom

JANUARY 31, 2023

She lectures regularly in Mexico and the United States on issues of indigenism, colonialism, cultural and political history, and cultural transference. She previously served as the University Archivist at Penn State and as a UCLA Library Special Collections processing archivist.

Appraisal 52

Appraisal Accounting Firms Fair Market Value Marketability 52

Equilest

SEPTEMBER 1, 2023

The en bloc value considers not only the current state of the properties but also their potential value after redevelopment. Zoning and Land Use Regulations Zoning regulations and land use restrictions imposed by local authorities can have a significant impact on en bloc value.

Marketability 40

Marketability Business Valuation Compliance Banking 40

IVSC

OCTOBER 21, 2023

Department of State. The mission of the Bureau is to provide the most effective facilities for United States diplomacy abroad. Department of State. Local expertise is needed to understand the local regulations and how to incorporate them into a proper valuation. EV is responsible for evaluation of U.S.

Appraisal 246

Appraisal Marketability Technology Start-ups 246

ThomsonReuters

OCTOBER 19, 2023

This presents a unique opportunity for accounting firms and tax accounting professionals to enhance their revenue streams by diversifying their service offerings. Exemptions include securities issuers, domestic governmental authorities, banks, and many more that don’t fall into the above categories.

Compliance 111

Compliance Accounting Firms Start-ups Mergers & Acquisitions 111

ThomsonReuters

APRIL 14, 2022

Cryptocurrencies are typically not issued by any central authority. FAQ # 11 specifically says that remuneration paid in virtual currency to an employee in exchange for services constitutes wages for federal employment tax purposes. What the IRS said about paying federal taxes with crypto. employment taxes). Conclusion.

Fair Market Value 119

Fair Market Value Banking Start-ups Marketability 119

Reynolds Holding

OCTOBER 27, 2022

Nor did Congress, in adopting this provision, prohibit us from using our exemptive authority under Section 36 of the Ex[link] Act, which allows the Commission to tailor the implementing regulations if doing so is “necessary or appropriate in the public interest, and is consistent with the protection of investors.” [2] 2] 15 U.S.C.

Total Shareholder Return 45

Total Shareholder Return Compliance Corporate Finance Banking 45

Reynolds Holding

MARCH 25, 2024

The Inflation Reduction Act of 2022 (IRA) allows so-called “applicable entities” to elect to treat certain renewable energy tax credits as payments of federal income tax, generating a refund payment from the IRS (refundable tax credits or elective payment).

Treasury 45

Treasury Finance Marketability 45

Henry Horne

NOVEMBER 21, 2022

Have you ever had questions about your tax account, but dread calling the IRS because of massive waiting times to reach a representative? An online IRS account will give you fast access to your information without the long waiting times.

Compliance 52

Compliance 52

Henry Horne

NOVEMBER 18, 2022

Did you know that when it comes to dealing with the IRS, you have the right to retain an authorized tax representative? Common representatives include attorneys, certified public accountant and enrolled agents. If you can’t spare the price for representation, the Low Income Taxpayer Clinic (LITC) is a resource for those who need help.

52

52

Reynolds Holding

JANUARY 4, 2023

Business entities are generally formed state-by-state. In a new article , we show that multistate business entities are, in fact, preferable to both state separatism and federalization. This beneficial exchange between states and entrepreneurs created a competition among states for companies.

Compliance 59

Compliance Equity Marketability 59

Brian DeChesare

JUNE 1, 2022

It’s also a highly localized industry, with many companies serving specific countries, states/provinces, and cities, and many operating “local monopolies.” Sometimes their “authorized revenue” is even linked to the inflation rate. The Authorized ROE is 10%, so the allowable Net Income is $500 * 10% = $50.

Banking 93

Banking Equity Book Value Capital Structure 93

ThomsonReuters

JUNE 15, 2023

Businesses can leverage these rules to benefit from free trade agreements (FTAs) and other tax relief programs. A common type is the Preferential Origin rule, which states that goods must originate from a designated country or region to qualify for preferential treatment regarding tariffs and other fees associated with international trade.

Compliance 102

Compliance Technology Marketability 102

ThomsonReuters

OCTOBER 20, 2020

Many companies are discovering that this massive shift in work behavior may also have unforeseen tax implications. While businesses may focus on the potential for new income and activity tax liabilities, they should be aware that indirect tax responsibilities may be affected as well. Economic nexus vs. physical presence nexus.

Compliance 40

Compliance 40