Tax & Accounting Blog

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IRS Road Show to Introduce Transfer Pricing Roadmap

Samuel M. Maruca, the director of transfer pricing for the IRS, has announced that the newly formed group will be doing a road show for the field offices to introduce a new Transfer Pricing Roadmap consisting of audit guidelines to aid in the effective case selection and development of audit issues. The intent is to … Read More

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Taxes In The Boardroom

With increased regulation, a heavy state and local tax burden, and election uncertainty, today’s corporate boards are increasingly focused on tax risk management. Ultimately, it is the board with oversight of the company’s tax policies and actions. As a result,  boards are adding skilled tax resources to its seats. Because tax issues have material impacts on earnings and … Read More

Hurry Up And Wait…The IFRS & US GAAP Dance Continues

Hurry Up And Wait…The IFRS & US GAAP Dance Continues

The primary goal of a single set of high-quality global accepted accounting standards is still the heart of the matter. However, the SEC’s final report from its IFRS work plan, issued July 13, 2012, does not set out any conclusions on the logistics of when or how current US GAAP reporters can achieve that goal. … Read More

New French Law on the Taxation of Trusts

New French Law on the Taxation of Trusts

On July 29, 2011, France enacted a new law on the taxation of trusts. Under the new law, a trustee must disclose certain information about the trust if the trust has a French settlor, beneficiary or French assets. The trustee must file the disclosure by June 15. The government was to provide further details on how to … Read More

Data Management Podcast Series: How a Tax Department Automated 70% of Their Tax Adjustments

Data Management Podcast Series: How a Tax Department Automated 70% of Their Tax Adjustments

Imagine eliminating the risk and time-consuming processes of using Microsoft® Office Excel during your income tax filings and year-end financial close. As part of the latest story in our Data Management Podcast Series, Chip Gooding, Director, Tax Accounting and Reporting at Commercial Metals Company (CMC), shares how transitioning to standardized workpapers helped his tax … Read More

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Survey Says Internal Auditors Need More Support from Management

Internal auditors feel they need more visible and vocal support from senior management within their organizations as the changing demands of today’s regulatory and risk environment put  them under increasing pressure to do more with less, according to a new Thomson Reuters survey. In the survey, over 57% of respondents indicated that increased focus on … Read More