Tax & Accounting Blog

Trending Challenges for Tax + How to Overcome Them

Trending Challenges for Tax + How to Overcome Them

More than ever before, tax is driving business strategy in the global economy.  Across industries, the alignment between Tax departments and business leaders continues to grow.  While traditionally focused on reporting on past events, tax departments are increasingly being invited to discussions on business strategy, focused on growth opportunities and expense optimization. Discussions with tax … Read More

IRS Announces Increase in Penalty Amounts: It isn’t a bad thing

IRS Announces Increase in Penalty Amounts: It isn’t a bad thing

The Affordable Care Act (ACA) may provide more affordable health care, but the new IRS information reporting penalties for non-compliance just got less affordable. You may already know this, but Congress recently passed new legislation mandating new tax provisions including an increase in penalties under Section 6721 for failing to file correct information returns and … Read More

Taxologist Blog Series Part 3: Lay the Foundation for a Successful Implementation

Taxologist Blog Series Part 3: Lay the Foundation for a Successful Implementation

Pssst…missed part 1 and 2? Click the links to take a few steps back! Part 1 and Part 2 Our 7-part Taxologist blog series will offer best practices on how to ensure you have a smooth implementation once you have started your tax technology journey. 3. Communicate your goals The goals you laid … Read More

Taxologist Blog Series Part 2: Lay the Foundation for a Successful Implementation

Taxologist Blog Series Part 2: Lay the Foundation for a Successful Implementation

Our 7-part Taxologist blog series will offer best practices on how to ensure you have a smooth implementation once you have started your tax technology journey. Missed the last post? Click here to get step 1! Step 2: Form the implementation project team Your technology provider will assign a project lead to your implementation, typically … Read More

Taxologist Blog Series Part 1: Lay the Foundation for a Successful Implementation

Taxologist Blog Series Part 1: Lay the Foundation for a Successful Implementation

Our 7-part Taxologist blog series will offer best practices on how to ensure you have a smooth implementation once you have started your tax technology journey. Part 1: Dedicate time and resources upfront. The best way to dedicate the proper time and resources is by assigning an internal project lead who knows the ins and … Read More