Tax & Accounting Blog

Are You Prepared to Face Simultaneous Audits?

Global audits are on the rise and tax laws are becoming increasingly complex. A recent Thomson Reuters survey showed across the board, the number of tax audits has increased: Globally, indirect tax audit activity is up 80% IRS audits are up 15% US state & local income tax audits are up 10%  Key audit risk … Read More

Boehringer Ingelheim Pharmaceuticals, Inc. Streamlines Tax Provision and Return Adjustments by 80%

Boehringer Ingelheim Pharmaceuticals, Inc. Streamlines Tax Provision and Return Adjustments by 80%

Strict year-end deadlines, manual inefficiencies and a lack of internal resources challenged the U.S. tax department of Boehringer Ingelheim. Like most corporate tax departments around the globe, their responsibilities were growing faster than their allocated head count. As a result, the relatively small income tax and provision staff saw major benefits in choosing a tax provision solution that streamlined and … Read More

Help with Accounting for Your Tax Reserves: Schedule UTP and Uncertain Tax Positions

Offering Compliance with the New IRS Reporting Requirements Until now, spreadsheets were the most popular way of accounting for uncertain tax positions. While disclosure of uncertain tax positions have been a longtime requirement in company financial statements, On January 26, 2010, the IRS took a giant step with respect to transparency between financial accounting and tax … Read More

ONESOURCE Transfer Pricing Broadens its Intangible Database Offerings!

ONESOURCE Transfer Pricing Broadens its Intangible Database Offerings!

Transactions involving intellectual property have been playing an increasingly significant role in international taxation issues for both tax administrators and taxpayers. Recognizing the need for premium intangible property data, ONESOURCE Transfer Pricing has teamed up with ktMINE, to provide customers easy access to ktMINE’s Royalty Rate Finder database. ktMINE is an intangible property … Read More

Sailing Through Summer with the ONESOURCE Summer Corporate Tax Series

Sailing Through Summer with the ONESOURCE Summer Corporate Tax Series

Over 500 tax professionals joined us for our recent Summer Corporate Tax Series. These informative webcasts explored strategic process management initiatives around Transfer Pricing, Provision, and Data Management. Our tax experts shared best practices and attendees learned how to drive processes most efficiently. The final session focused on improving the overall operational effectiveness of the … Read More

Global Tax & US Income Tax Information At Your Fingertips!

Global Tax & US Income Tax Information At Your Fingertips!

Looking for the latest information on all things tax? Your business now has access to expert insight on the best tax tips and expanded coverage of major tax stories worldwide. Whether you’re interested in being informed of timely laws and issues; learning how to implement innovative processes and solutions around your tax operations; or networking with fellow tax … Read More