Tax & Accounting Blog

When I Grow Up, I Want to be a Tax Accountant

When I Grow Up, I Want to be a Tax Accountant

As we wrap up the year and start preparing for 2012, our team wanted to share this video with you. Once upon a time, when we were young, we imagined what life would be like when we grew up. Some of us may have thought, “When I grow up, I want to be … Read More

Joe Harpaz “40 Under 40” Honoree

Joe Harpaz “40 Under 40” Honoree

Joe Harpaz, Senior Vice President & General Manager, Corporate business of Tax & Accounting was recently recognized by CPA Practice Advisor as a 2011 “40 Under 40” Honoree. This program is designed to highlight young professional leaders that have demonstrated their commitment to innovation and are shaping the future of tax & accounting. Joe was asked … Read More

You’ve Acquired a Company – Now What?

You’ve Acquired a Company – Now What?

In today’s fast-based business world, mergers and acquisitions happen on a daily basis – and tax professionals need to be prepared for the implications. ONESOURCE Income Tax has a solid process in place for adding new companies to the system. Connie Carrillo, CPA, a Thomson Reuters account manager, trained a team of income tax professionals … Read More

Noah’s Ark for Tax Departments

Noah’s Ark for Tax Departments

“If tax risk were rain, we’d be at the flood stage.” That’s how Randy Robason, a partner at Grant Thornton, opened his ONESOURCE user conference talk on how corporations can better manage tax risk. Randy, along with his colleague Jeff White, aptly titled their presentation “Your Ticket to Noah’s Ark: Emerging Practices to Manage Tax … Read More

Do You Know Your Risk Profile?

Do You Know Your Risk Profile?

As we all know, every company is under constant pressure to perfectly manage its financial reporting obligations. For a tax department, its main responsibility for financial reporting is the Effective (income) Tax Rate (“ETR”).  Any movement of that rate, in this highly volatile stock market, can cause a negative impact to a company’s stock price. … Read More

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HMRC Drafts Anti-Avoidance Legislation

HM Revenue and Customs’ (HMRC) August 1st anti-avoidance legislative draft is a response to attempts by some UK taxpayers to exploit the existing framework for double taxation agreements (DTAs). With approximately 120 bilateral DTAs, the main purpose of the proposed UK legislation is two-fold: 1) Reinforce the right of the HMRC to ensure that individuals, … Read More