February 13, 2018
In this blog, we review the background to § 163(j), describe the provision, and review some of the tax accounting considerations. The I.R.S. has identified providing “computational, definitional, and other guidance” on revised 163(j) as a priority. Read on to learn more.
January 26, 2018
In this update to our previous post on the toll tax, we highlight the key proposals in Notice 2018-13, noting particularly where changes will affect clients’ ongoing work to model the toll tax for end-of-year provision purposes.
December 15, 2017
As we approach the final stages in the tax reform process, the details and what-if scenarios are swarming. One detail everyone should be aware of is that the House and Senate bills impose a tax on the deferred foreign income of U.S. shareholders of CFCs as part of the transition to a territorial system of taxation. In short, the amount of non-previously taxed E&P of a U.S. shareholder’s CFCs is included in the shareholder’s 2017 Subpart F income.
December 07, 2017
U.S. tax reform is finally becoming clearer. What can your tax department be doing in the near term to quantify the impact and identify tax planning opportunities and issues?
September 13, 2017
With the end of compliance season rapidly approaching, now is the time to review common pitfalls in international tax compliance and how to avoid them. Overlooking some of these details exposes you to significant penalties and potential for future risk. Consider these areas to avoid unnecessary penalties and maximize your tax position before you file. Here is your international tax compliance checklist.
August 02, 2017
Staffing is a critical component of any tax department and generally used as a reflection point (or otherwise a barometer) to determine what role the department will ultimately play within the company. Typically, tax departments approach staffing in one of three ways: insourced, out-sourced or co-sourced. Read this blog to learn more about when and why co-sourcing may be a good approach for your tax department.
May 18, 2017
Think about the burden lifted from your tax team by speeding up the data preparation and calculations for complex tax processes. In this blog, we cover automating data assembly for 5471 Schedule M and Sales & Use Tax Compliance. We provide practical examples of what happens when you can quickly manipulate source data into useable formats and the steps that can be automated.
May 05, 2017
The management of sales and use tax compliance can be complicated. Especially if your process is manual. To make it more manageable, you need to first ask the right questions about your data, your process, and your resources.