Tax & Accounting Blog

We’re Listening: Getting Better Organized with Workpapers

We’re Listening: Getting Better Organized with Workpapers

Say good-bye to the days of files being stored in different areas, under different names and on c-drives. One of the top process management questions raised at the 2011 ONESOURCE User Conference was:  Are you doing anything to improve document management across the ONESOURCE products? We’ve been … Read More

We’re Listening: Global Tax Provision

We’re Listening: Global Tax Provision

Welcome the second update from our “We’re Listening @ ONESOURCE” series…the official series dedicated to addressing our ONESOURCE customers’ feedback. Do you have insights on how we can better serve our customers? We want to hear from you! Check back throughout the next seven weeks for more blog posts on how … Read More

The Interplay Between the Internal Revenue Code’s Section 163(j) and Transfer Pricing

With recent news of limits on intercompany debt in Australia, China, New Zealand, and the UK, many U.S. affiliates in these countries incurred substantial debt. While U.S. tax law does not place formal limits on the extent of debt versus equity financing, section 482 requires that the interest rate on intercompany debt … Read More

We’re Listening: Modern and Common User Interface

We’re Listening: Modern and Common User Interface

You asked… we’re delivering. At the 2011 ONESOURCE User Conference, we heard feedback from our 1500+ clients in attendance via a new program launched so that we could hear everything our customers care about most. In this series, I’ll share with you how we’re implementing customer … Read More

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A Refresher on How to Classify Valuation Allowance

The provision is done, the deferred ending balances are reconciled, and the proper total valuation allowance has been established. But there is one more thing. If you haven’t considered valuation allowance allocation and presentation in classified financial statements in a while it may be time for a refresher, so read on!  The Rules: 740-10-45-5  The … Read More