Content Type

Prepare yourself for a “FUN SPRING” with our Top 9 things to consider during this SALT compliance season

NEWS

April 19, 2019

Prepare yourself for a “FUN SPRING” with our Top 9 things to consider during this SALT compliance season

Let’s face it, you rarely hear the word “fun” in the same sentence with state income tax compliance. This year is no exception, as the IRS has issued final and/or proposed regulations on almost all significant aspects of the new U.S. international tax regime, and states have been busy responding to tax reform by making significant changes to their own tax code. In an attempt to bring some fun into the topic (or at least prepare you sufficiently so you have time to make some of your own fun this spring), use F•U•N S•P•R•I•N•G  as a mnemonic device to remember the top 9 things to consider for a smooth state income tax compliance season when dealing with the impact of the TCJA.

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True Lease or Not True Lease? Here’s an Action Plan to Tackle the Question (or Questions) Around Adopting ASC 842

NEWS

April 03, 2019

True Lease or Not True Lease? Here’s an Action Plan to Tackle the Question (or Questions) Around Adopting ASC 842

Although there were no direct changes in tax law with respect to treatment of leases from a tax perspective, the recording of the new Right of Use (ROU) assets and lease liabilities in connection with the adoption of ASC 842 may have deferred tax consequences from an accounting for income taxes perspective under ASC 740. In this blog, Jim Swanick provides a practical action plan for tackling the tax implications of ASC 842 adoption. This plan will give you an answer to the question(s), “true lease or not true lease”?

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Global Tax Management and Autism Speaks Honored in the 2019 Faces of Philanthropy

NEWS

April 02, 2019

Global Tax Management and Autism Speaks Honored in the 2019 Faces of Philanthropy

GTM and Autism Speaks are recognized as honorees in the Philadelphia Business Journal’s 2019 Faces of Philanthropy. Each year, this award honors significant philanthropic initiatives between for-profit companies and non-profit companies that have had a meaningful impact on our communities — through community involvement, monetary donations, and social impact.

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Sec. 965 Final Regulations: Finally, a Little Flexibility

NEWS

March 21, 2019

Sec. 965 Final Regulations: Finally, a Little Flexibility

On January 15, 2019, the IRS released final regulations on the Sec. 965 toll tax (T.D. 9846). In this post, we highlight changes to the 965(b) basis-shifting election and the specified payment rule which add a welcome degree of flexibility to the 965 calculation. If taxpayers wish to take advantage of the revised basis-shifting election, they must act by May 6, 2019. Calendar-year taxpayers who have already filed their 2017 returns should consider whether filing an amended return reflecting the modified specified payment rule or any of the other changes in the final regulations may be beneficial. Read this blog to learn more.

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GTM Appoints Ryan Lynch Chief Technology & Information Officer (CTIO)

NEWS

March 20, 2019

GTM Appoints Ryan Lynch Chief Technology & Information Officer (CTIO)

GTM announced today the promotion of Ryan Lynch to Chief Technology and Information Officer (CTIO). This newly created position has been established to provide strategic technology leadership across the organization that will advance continuous innovation in GTM’s services delivery model.

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Corporate Tax Fundamentals Series: Earnings & Profits and Transfer Pricing

Events

February 21, 2019

Corporate Tax Fundamentals Series: Earnings & Profits and Transfer Pricing

GTM’s Corporate Tax Fundamentals Series is a series of quarterly, 2-hour events designed to educate junior professionals on your tax team, and act as a refresher for senior level tax professionals. Please join us on March 14th for breakfast, networking, 2 CPE credits, and a comprehensive education on the topics of Earning & Profits and Transfer Pricing.

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Corporate Tax Fundamentals Series: The Basics of ASC 740 and §163(j)

Events

February 15, 2019

Corporate Tax Fundamentals Series: The Basics of ASC 740 and §163(j)

GTM’s Corporate Tax Fundamentals Series is a series of quarterly, 2-hour events designed to educate junior professionals on your tax team, and act as a refresher for senior level tax professionals. Please join us on March 21st for breakfast, networking, 2 CPE credits, and a comprehensive education on the topics of ASC 740 and §163(j).

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Global Tax Management Expands Property Tax Practice

NEWS

February 06, 2019

Global Tax Management Expands Property Tax Practice

(February 5, 2019) — Corporate tax services firm Global Tax Management, Inc. (GTM) announced today the addition of property tax veteran Robert (Bob) Butterbaugh to the firm’s State and Local Tax (SALT) practice. As Practice Leader for Property Tax Services, Bob is responsible for oversight and delivery of all property tax outsourcing and advisory services offered by the firm. This includes property tax compliance, valuation review and appeals, audit support, and fixed asset and reclassification reviews.

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