Tax & Accounting Blog

11th Annual Global Transfer Pricing Forum Draws Worldwide Attendance

11th Annual Global Transfer Pricing Forum Draws Worldwide Attendance

At this year’s Global Transfer Pricing Forum, over 200 tax professionals from around the globe gathered to hear what transfer pricing experts had to say about key issues facing transfer pricing professionals today, as well as their insights on the best transfer pricing strategies. As a sponsor, Thomson Reuters placed strong emphasis on showcasing their … Read More

Overwhelmed by Calculating and Substantiating Your R&D Tax Credit?

Overwhelmed by Calculating and Substantiating Your R&D Tax Credit?

Does calculating and documenting your R&D tax credit take valuable tax department resources or outsourcing dollars?   Does the time it takes to gather the necessary information or defend your tax credits prevent you from focusing on other tax issues? Does the thought of revamping your R&D tax credit process overwhelm you? If the answer … Read More

Japan’s Efforts to Conform with OECD Guidelines

Japan’s Efforts to Conform with OECD Guidelines

The Japanese National Tax Administration is seeking comments in line with their efforts to conform with the updated OECD guidelines. The most significant changes include the abolishment of the priority of methods and the adoption of the three profit based methods into law – comparable profit split, contribution profit split, and residual profit split. A practitioner, who … Read More

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Corporate Tax Tool Shaping Students for Job Market

When Lehigh University adjunct professor of tax, Robert Duquette, CPA, utilized ONESOURCE Tax Provision and ONESOURCE Income Tax in his new course “Applied Federal Income Taxation: Planning and Compliance”, students initially registered because it promised real world exposure to a tool they’d most likely use in their future auditing careers. They completed the course with the confidence that … Read More

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Lehigh University: First to Bring Real World Tax Technology to Classroom

This year, adjunct professor of tax, Robert Duquette, CPA, utilized ONESOURCE Tax Provision and ONESOURCE Income Tax in his new course Applied Federal Income Taxation: Planning and Compliance at Lehigh University. This was the first time that undergraduate audit students were exposed to real world corporate transactions. I spent some time with Professor Duquette to learn … Read More

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HMRC Drafts Anti-Avoidance Legislation

HM Revenue and Customs’ (HMRC) August 1st anti-avoidance legislative draft is a response to attempts by some UK taxpayers to exploit the existing framework for double taxation agreements (DTAs). With approximately 120 bilateral DTAs, the main purpose of the proposed UK legislation is two-fold: 1) Reinforce the right of the HMRC to ensure that individuals, … Read More