Tax & Accounting Blog

Procurement Transaction Under Fire In Poland

Procurement Transaction Under Fire In Poland

In a recent case, the rational for the use of a same country procurement company was rejected by the auditors and then by the courts in Poland.  The findings that independent forges paid less for steel directly purchased from unrelated mills, than the audited company paid to its related party procurement company, served as the … Read More

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Thomson Reuters ONESOURCE named Americas Tax Innovator of the Year

Last week, International Tax Review recognized Thomson Reuters ONESOURCE platform as Americas Tax Innovator of the Year at its seventh annual Americas Awards ceremony in New York. When asked why Thomson Reuters ONESOURCE was singled out for the award, Ralph Cunningham, managing editor of International Tax Review, said: “It is down to the impact … Read More

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SOX Controls Over the Tax Function

It has been 10 years since the Sarbanes-Oxley Act of 2002 was passed, and many companies are still feeling the effects of the Act–specifically as it relates to Section 404.  Section 404 requires management (and for many public companies, their external auditor) to report on the adequacy of the company’s internal control over financial reporting … Read More

Adam Kupperman – “40 Under 40” Honoree

Adam Kupperman – “40 Under 40” Honoree

Adam Kupperman, Vice President & Head of ONESOURCE Firm Edition at Thomson Reuters was recently recognized by CPA Practice Advisor as a 2012 “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. … 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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OECD Draft Guidelines Expose Deficiency in Intangibles Analyses

The most recent OECD draft guidelines have highlighted a deficiency in the manner in which most Transfer Pricing experts prepare their intangibles analyses; specifically, in the application of the Comparable Uncontrolled Price Method (CUP). By omitting information in their analysis, Transfer Pricing experts are significantly reducing the accuracy of their transfer pricing position. Historically, … Read More