Tax & Accounting Blog

Sales Tax vs. Value Added Tax – Calculation and Compliance Differences

Sales Tax vs. Value Added Tax – Calculation and Compliance Differences

Guest Blogger: Diane Yetter, CPA, MST, is founder of YETTER, a sales tax consulting and tax technology firm. Any tax practitioner who deals with company operations in multiple countries should be aware of the differences between sales tax and value added tax (VAT).  While you may be well versed in how sales and … Read More

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Flintstones, Jetsons or Inspector Gadget? Regional Perspectives on Corporate Tax Compliance

At the American Bar Association’s “U.S. – Latin America Tax Planning Strategies” conference in Miami this week, I had the pleasure of speaking on a panel called “Managing Your Tax Compliance in Latin America – Systems, Processes, and People.”  Joined by tax professionals from Argentina, Brazil, and Mexico, we touched on trends in corporate tax … Read More

Transfer Pricing and Customs Valuations:  Will Your Adjustment Be Recognized?

Transfer Pricing and Customs Valuations: Will Your Adjustment Be Recognized?

What do you do when you need to make a transfer pricing adjustment, but the goods were delivered to the buyer in a prior tax year?  From a financial reporting and tax return perspective, the company within the local jurisdiction may or may not respect the adjustment.  But is that the end of the issue? … Read More

Estimated Payments – Whose Job is it anyway?

Estimated Payments – Whose Job is it anyway?

Like cleaning rain gutters, ensuring the proper amount of tax is paid with Estimated Payments is something you know you must do, but it is a thankless task that no one really wants to do, much less do it every 3 or so months. The data used to compute Estimated Payment liability may originate from … Read More

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Are Estimated Payments Taking Time Away from your Tax Department?

Did you know a typical large corporation spends anywhere from five to ten weeks a year per preparer extracting data from their existing systems and then calculating their estimated payments? Did you also know that now there’s a better way to streamline the preparation of both federal and state estimated payments? Introducing… Estimated Payments from Thomson Reuters ONESOURCE. This … Read More

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Avoiding Tax Busy Season Burn-Out

 Working extra hours, even double time, has become the normal part of a tax accountant’s job. Along with grueling hours, tax accountants have become accustomed to the other “norms” of busy season, such as the stress and pressure of the looming September 15th deadline, demanding clients and bosses and unhealthy late-night dinners. Sound familiar? Here … Read More