Manufacturing

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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Update on 965 Regulations: Act now for January 31st Deadline

NEWS

January 24, 2019

Update on 965 Regulations: Act now for January 31st Deadline

The IRS has imposed a deadline of January 31, 2019 for the timely filing of 965 acceleration event transfer agreements for acceleration events occurring on or before December 31, 2018 (§1.965-7(b)(3)(iii)(B)(2)(ii)). In the absence of a timely filed transfer statement, a 965 acceleration event will accelerate payment of any outstanding 965 liability of the transferrer. Read this blog for the full update.

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Automate and Reclaim Valuable Tax Department Time

NEWS

January 09, 2019

Automate and Reclaim Valuable Tax Department Time

Many tax departments are evaluated how they can better leverage technology to free up time. The idea is that time saved can be repurposed: from items related to data and calculations, to more strategic, analytic, and value-added tasks. Almost always, this involves enhancing technologies, implementing new software, and training personnel. Read this article published in PA CPA Journal authored by GTM’s Ryan Lynch, Managing Director of Tax Automation Services to learn more.

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Video: Tax Departments Can Unlock the Benefits of the TCJA

NEWS

January 08, 2019

Video: Tax Departments Can Unlock the Benefits of the TCJA

Learn more about how tax reform has changed the way businesses leverage their tax departments– from department structure to allocation of resources. Watch this video featuring GTM’s Michael Tighe, CPA and Jim Swanick, CPA, authors of PICPA Winter cover article. “Tax Departments Can Unlock the Benefits of the TCJA”.

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Tax Departments Can Unlock the Benefits of the TCJA

NEWS

December 12, 2018

Tax Departments Can Unlock the Benefits of the TCJA

History has long shown that businesses with the ability to identify changes in their environment, pivot effortlessly, and quickly adapt to the new setting are the ones that end up on top. Whether or not we have come to grips with it, the reality is that we are living in a “post-tax-reform” world, and there are still a lot of businesses scratching their heads, having more questions than answers. Regardless of your opinion on the change, there are two things for certain: tax reform is here to stay and businesses need to adapt or they will be left behind.  Tax reform is not only transforming how businesses operate internally, but it is also transforming how tax departments are structured to maximize their strategic role for the company.  Read this article to learn more about how your tax department can adapt to unlock the benefits of TCJA.

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GTM’s Ryan Lynch and Client Sonepar Named Thomson Reuters 2018 Taxologists of the Year

NEWS

November 21, 2018

GTM’s Ryan Lynch and Client Sonepar Named Thomson Reuters 2018 Taxologists of the Year

GTM is pleased to announce that Ryan Lynch, Managing Director, Tax Automation Services practice, has been recognized as 2018 Taxologist by Thomson Reuters in the Certified Implementer Program category. GTM Client Nick VanDerlyke, of Sonepar, was also named 2018 Taxologist of the Year in the New Customer of the Year category.

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How to Execute Post-Wayfair Sales & Use Tax Calculations

NEWS

October 18, 2018

How to Execute Post-Wayfair Sales & Use Tax Calculations

The concept of “just charging sales tax” is not as simple as maintaining a tax rate table somewhere and turning on a switch. Tax departments must contemplate all the moving parts — varying tax rates across jurisdictions, origin vs. destination-based sourcing, local tax thresholds, customer taxability, product/service taxability, bundled transactions, drop shipments — things can quickly become overwhelming and almost impossible to maintain manually. Tax calculation is something you must take the time to think about. Read this blog to provoke your thinking.

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Post Wayfair Tax Compliance Issues

NEWS

September 26, 2018

Post Wayfair Tax Compliance Issues

The Wayfair jingle is a catchy one: “Wayfair, you got just what I need.” States are starting to hum this tune, too. And “just what they need” is more revenue in their coffers. In this viewpoint, GTM’s Jim Ford explains compliance issues companies may face post-Wayfair and the technology that could help them meet their new sales and use tax registration and filing obligations. Read this article to learn more.

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A GILTI Mess: Preliminary Questions and Answers on the GILTI Proposed Regs

NEWS

September 20, 2018

A GILTI Mess: Preliminary Questions and Answers on the GILTI Proposed Regs

On September 13, 2018, the IRS released long-awaited proposed regulations (REG-104390-18) covering Global Intangible Low-Taxed Income (Sec. 951A, “GILTI”) and amending the subpart F, consolidated return, and foreign information reporting regulations. In this continuation of GTM’s series covering the Tax Cuts and Jobs Act (“TCJA”), we give preliminary answers to a few of our clients’ frequently asked questions on the proposed regs.

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