Tax & Accounting Blog

IRS Relief for Hurricane Sandy Victims

IRS Relief for Hurricane Sandy Victims

The Internal Revenue Service has released information on tax relief for Hurricane Sandy victims in New York, New Jersey and Connecticut for individuals and businesses. Relief includes return filing extensions, the exclusion of disaster relief payments from an individual’s taxable income and the waiving of diesel fuel penalties as summarized herein: Return Filing … Read More

Watch the Video – Turn Your Tax Department into Rock Stars

Watch the Video – Turn Your Tax Department into Rock Stars

At last week’s SYNERGY 2012 conference, we debuted our “Tax Accountant Rock Stars” video to over 1300 tax professionals in Grapevine, TX. The video features old school accountants from 25 years ago transforming into the rock stars of their company with ONESOURCE. It’s set to the LMFAO song “Party Rock Anthem” … Read More

Live from Synergy 2012- Join the Journey Final Recap

Live from Synergy 2012- Join the Journey Final Recap

As the conference winds down, I’ve sincerely enjoyed the opportunity to engage with our clients and listen to what they have to say about the direction of ONESOURCE solutions. Today’s session on the future of ONESOURCE allowed me and my peers to discuss our product road map and what it means for you in 2013.   … Read More

Live from Synergy 2012- Join the Journey Day #2

Live from Synergy 2012- Join the Journey Day #2

The first day of Synergy 2012 brought an exciting opening session from Tax & Accounting President Brian Peccarelli and a spirited debate between our two keynote speakers, James Carville and Mary Matalin. Over 170 sessions continue today. Many of these sessions feature our clients telling their ONESOURCE story, including Ford, Bayer, and Johnson & Johnson. Check … Read More

Live from Synergy 2012- Join the Journey Day #1

Live from Synergy 2012- Join the Journey Day #1

We’ve kicked off Synergy 2012- Join the Journey! This jam-packed conference will allow over 1400 customers to engage with fellow tax professionals, learn best practices for using your ONESOURCE solution, and preview upcoming enhancements that will boost your user experience. Visit the ONESOURCE global page to view today’s video, as well as the … Read More

International Tax Authorities Strike Again

International Tax Authorities Strike Again

On October 11, 2012, the Federal Administration of Tax Revenues, the AFIP, of Argentina accused a large  agriculture biotechnology company  of using sham loans from related parties to avoid up to $77 million in taxes.  According to the AFIP, the company “pretended” to borrow money from related overseas parties to show lower revenues.  The lenders … Read More