Tax & Accounting Blog

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Your Questions Answered #1: SIC Codes and the Inherent Risks of Conducting IP Analysis

Following last month’s webcast “SIC Codes: Inherent Risks When Conducting IP Analyses,” dozens of transfer pricing leaders who attended asked key questions that we would like to share in a Q&A discussion. Follow us over the next few weeks as we address the most frequently asked questions on the complex topic of SIC Codes.  Q1: Why do analysts … Read More

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Tax Sharing Allocations – Software and Technical Considerations

Is it taking you weeks or even months to push down your tax entry from your year-end provision?  The sharing of tax expense and tax attributes among legal entities in a consolidated group can be a difficult and time consuming process – often involving complex spreadsheets. Many companies face tight turnaround times at provision and … Read More

NEW W-8IMY FORM:  DRAFT RELEASED BY IRS

NEW W-8IMY FORM: DRAFT RELEASED BY IRS

The third in a series of revised Forms W-8 has been released, in draft form, by the IRS.  The draft Form W-8IMY, Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding, is part of the process of making the W-8 series of forms serve for purposes of compliance … Read More

A New Perspective on Global Transfer Pricing

A New Perspective on Global Transfer Pricing

Spotlight on Momentive Performance Materials It’s great to hear first-hand accounts of how other companies are handling their global transfer pricing process. In this video, John Palladino, International Tax Director at Momentive Performance Materials shares some transfer pricing best practices. Hear this inspiring story of how by taking their transfer pricing process in-house, the … Read More

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Do You Follow These 4 Steps to Managing Your Transfer Pricing Policy?

If your company does not have a formal transfer pricing policy in place, now might be the time to look into it – especially as more countries have found that they can generate billions of dollars in incremental revenues each year by tightening up transfer pricing policies. In this month’s Financial Executive article 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