Cherry Bekaert

APRIL 4, 2024

Continuing the conversation on international tax planning strategies for both outbound and inbound companies, International Tax Services Managing Director Rajesh Tripathi and Tax Partner Chris Delcambre discuss the various considerations foreign parent companies need to make when establishing operations in the U.S.

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CPA Practice

OCTOBER 25, 2023

audit, tax, and advisory firm, today announced that Rema Serafi has been named vice chair – tax, succeeding Greg Engel who is retiring after four decades of service. Our tax business plays a critical role in the makeup of our multi-disciplinary model and overall growth of our firm. KPMG LLP, the U.S.

Tax 52

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Menzies

JANUARY 20, 2023

This may be for a variety of reasons such as: The auditors being ‘conflicted out’ of providing certain services; Delivering a more cost effective and responsive solution for the business; Relieving compliance pressures on the in-house team; or Removing the reliance on just one firm of advisers.

Finance 52

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CPA Practice

SEPTEMBER 25, 2023

TAG Alliances Welcomes Ray Polantz of Cohen & Company as New Advisory Board Member TAG Alliances, a leading multidisciplinary alliance of independent professional services firms, recently appointed Raymond Polantz, Tax Partner at Cohen & Company as its newest Advisory Board member.

New Hampshire 105

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Withum

FEBRUARY 6, 2023

It’s that time of year – welcome to your tax season activities. Struggling With Tax Compliance and Data Management? Inter-company and Transfer Pricing Transactions ; distinguishing entries between related entities or groups for proper reporting on consolidated tax returns. Lessen the external auditor’s (e.g.,

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CPA Practice

DECEMBER 21, 2023

Recent tax changes coupled with the potential for an economic slowdown have made it even more critical for companies and individuals to make smart decisions on investments and financing. The Internal Revenue Service (IRS) has $60 billion in new funding, much of it earmarked for enforcement. Prepare for public stock buyback tax.

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Withum

MARCH 14, 2022

Withum is excited to announce Bob Bamsey will join our Global Transfer Pricing Strategies Team as a Principal.??. With over fifteen years of transfer pricing experience, Bob will be advising clients on both transfer pricing and international tax matters, specializing in middle-market companies.

Minnesota 98

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Withum

APRIL 20, 2023

It’s been a very eventful start to the year for Brazil: a new president, a new cabinet, and a whole new set of transfer pricing rules. 1,152/2022, introducing new Transfer Pricing rules in Brazil in alignment with the OECD Guidelines and Transfer Pricing Framework (“OECD TPG”).

Non-Profits 72

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TaxConnex

JANUARY 4, 2022

Sales tax is similar in that you need to monitor the process, adjust, and tune-up the process occasionally. Sales tax rules , rates, filing frequencies and many other details change frequently. Calculate your tax correctly. First you start with the data itself and calculating the proper sales tax. File correctly.

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Withum

AUGUST 29, 2023

Transfer pricing refers to determining the arm’s length price at which tangible goods, services, intangible goods (intellectual property) or loans are exchanged between entities within a multi-national and/or multi-jurisdictional entity. Commissioner, 151 T.C.

Legal 52

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Cherry Bekaert

APRIL 4, 2024

The IRA created and expanded tax incentives for individuals who own or rent a home to invest in energy-saving home improvements. These individuals can now earn a percentage of their money spent back through federal energy tax credits. Taking advantage of energy tax credits can seem like a daunting task.

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Going Concern

MAY 16, 2023

Once again, in what can only be described as an attempt to market its tax platform, Bloomberg has released its annual awards for the Bloomberg Tax Authors of the Year. Eager readers can pick their flavor of tax writing, all of which are likely to be able to solve insomnia issues, should said readers suffer from them.

Tax 52

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Going Concern

JULY 6, 2023

When PwC Australia CEO Tom Seymour stepped down in May after it was confirmed he’d received tainted emails containing confidential government tax intel leaked by former partner Peter Collins, it seems the firm hoped sacrificing him was enough to settle the matter and move on. Spoiler: it was not.

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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.

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Shay CPA

DECEMBER 6, 2023

But it also means paying the applicable tax authority. The quick fix: employers of record We’ve explored the tax implications of hiring remote employees in detail , but let’s give a quick recap. Depending on local tax law, that could subject the employer to compliance and payment requirements.

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Menzies

JUNE 15, 2022

These range from selling products and services to global customers, to interacting with overseas group companies. Despite this growth in conducting cross-border transactions, the tax implications of such arrangements are all too often overlooked. Know your tax position. Laws and jurisdictions.

Tax 52

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Cherry Bekaert

APRIL 21, 2023

The Internal Revenue Service (IRS) made headlines this past year with the news that they would be receiving an additional $80 billion towards their budget over 10 years through the Inflation Reduction Act of 2022. Related Guidance Supreme Court Issues Opinion in Bittner v.

Legal 69

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Going Concern

JANUARY 4, 2024

“The new class of partners and directors comes after another year of growth as Moss Adams expanded and augmented its services,” said the firm. Tax Credits & Incentive Services). Antonache manages federal and state tax consulting and compliance matters related to incentives for renewable energy development.

Real Estate 56

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CPA Practice

FEBRUARY 23, 2024

Let’s explore two noteworthy possibilities: 1—S Corporations (S Corps) S Corps offer unique tax advantages and flexibility, making them an attractive option for many businesses. Instead, it is a special election made by either an LLC or C Corp with the Internal Revenue Service (IRS).

payroll tax 78

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Withum

MAY 2, 2022

The Foreign Account Tax Compliance Act (FACTA) provision of the Internal Revenue Code generally requires foreign financial institutions to report a variety of information to the IRS, including the account balance or value, amounts such as dividends, interest and gross proceeds paid or credit to the account, and information on any substantial U.S.

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CPA Practice

NOVEMBER 6, 2023

KPMG LLP names Rema Serafi Vice Chair – Tax KPMG LLP, the U.S. audit, tax, and advisory firm, recently announced that Rema Serafi (@remaserafi) has been named Vice Chair – Tax, succeeding Greg Engel who is retiring after four decades of service. Since 2020, she has served as National Managing Principal – Tax.

Construction 64

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Menzies

JUNE 8, 2023

Government Consultations A technical consultation recently took place in May 2023 to consult on draft regulations which amend how a business claims a Plastic Packaging Tax credit in certain circumstances. Spain) have also recently introduced plastic packaging taxes whilst others still have these at proposal stage (e.g.,

Tax 52

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Withum

FEBRUARY 28, 2023

One is the business arrangement agreed to by the parties involved, and the other is the tax planning designed to minimize taxes while allowing the business arrangement to be fulfilled. While the authority to apply a 20% or 40% penalty on transfer pricing adjustments is not new, the ease of doing so is.

audit 52

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ThomsonReuters

NOVEMBER 11, 2021

Multinational corporations often use transfer pricing to allocate earnings among subsidiary and affiliate companies that are part of the parent organization. The practice is being increasingly regulated to ensure that profits are taxed at the place where value is created. What is transfer pricing?

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Basis 365

JULY 28, 2023

Tech products often involve complex sales arrangements, such as subscription-based models, multi-element accounts, and bundled services. Capitalization of Cloud Computing Costs With the prevalence of cloud-based services, tech companies frequently invest in cloud infrastructure to enhance their operations.

Technology 52

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Cherry Bekaert

MARCH 27, 2023

Foreign legal restrictions have often been a source of confusion for multinational taxpayers, particularly in countries such as Brazil, whose transfer pricing regulations seemingly depart from the arm’s-length principal by capping royalties and setting ranges for tangible transfers. How Can We Help?

Legal 40

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CPA Practice

MARCH 8, 2024

CohnReznick Elevates Three to Commercial Real Estate Leadership Roles CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, recently announced that it has created a new level of leadership within its expanding Commercial Real Estate practice, elevating three partners to U.S.

Real Estate 52

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ThomsonReuters

DECEMBER 17, 2021

In 2022, tax authorities around the world hope to finalize the myriad details that will shape a Global Minimum Tax on multinational corporations — if they can reach consensus and make it happen. Reuters noted that this is “an extremely tight timeframe given that previous international tax deals took years to implement.”.

Tax 52

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CPA Practice

JANUARY 31, 2023

The new Bennett Thrasher partners are: Nina Desai DiAndria Green Dane Harris Ray Lee Gabe Rivers Brian Sengson Chris Tomaselli Nina Desai focuses on R&D tax credits in Bennett Thrasher’s Credits and Incentives practice. Her experience includes helping claim tax credits for clients of all sizes, from startups to Fortune 500.

New Hampshire 110

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CPA Practice

MAY 17, 2023

These experiences both augment and expand the consulting services offered by Schneider Downs’ Consulting practice. FORVIS Adds Aaron Schaal as Tax Partner in New York FORVIS recently announced the hiring of Aaron Schaal as a partner with its tax team in New York. tax planning, international tax, and transfer pricing experience.

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Menzies

JANUARY 19, 2023

Sam Goodsell – Director The key to going global in the tech sector is both in the planning and seeking of advice where expertise is not held internally within the business. Step 1 – Choosing a location to be based When looking to ‘go global’ it is important to consider the best place for your product or service.

Technology 52

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KROST

OCTOBER 20, 2020

This is a preview of one of the articles in the new KROST Quarterly Manufacturing Issue , titled “Manufacturers with International Operations Should Expect a Tax Bill – Pandemic or Not” by Guest Contributor, Alex Martin. Question: How will tax authorities target manufacturers? Answer: Are you paying tax overseas?

Manufacturing 40

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Menzies

OCTOBER 24, 2023

Doing so provides the outgoing majority shareholder(s) with an effective and efficient means to dispose of their shares, as well as a substantial tax advantage compared with other methods of disposal. Provided certain conditions are met, there should be no capital gains tax exposure for outgoing shareholders when selling shares to an EOT.

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CPA Practice

SEPTEMBER 5, 2023

The Digital Assets Working Group is a joint working group under the Financial Reporting Executive Committee (FinREC) and the Assurance Services Executive Committee (ASEC), which consists of the Accounting Subgroup and Auditing Subgroup. Consider allowing partnerships with all tax-exempt partners to be considered “applicable entities.”

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Going Concern

OCTOBER 20, 2023

An internal presentation to staff delivered last month and seen by the Financial Times shows that first- and second-year analysts in the firm’s consultancy and advisory business will bear the brunt of the reductions. LBMC is already Tennessee’s largest CPA firm, and was recently named a 2023 best tax and accounting firm by Forbes.

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Basis 365

JULY 28, 2023

From revenue recognition enigmas to the intricacies of international taxation, join us as we unravel the mysteries and provide valuable insights to ensure financial stability and prosperity in the eCommerce realm. Compliance with these ever-changing tax laws can be overwhelming, particularly for small to medium-sized eCommerce businesses.

Account 52

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Ryan Lazanis

SEPTEMBER 27, 2023

What makes offshoring unique is that you essentially maintain full control over the financial data processing, which might be interesting if you’re providing client accounting services. Outsourcing: This is when you engage the services of a third-party organization to manage the financial data for you.

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