Tax & Accounting Blog

Is Your Research Credit Documentation Ready?

Is Your Research Credit Documentation Ready?

Here is a little secret for you… The taxing authority may have already drafted your Research Credit disallowance! In 2008, the IRS published an audit techniques guide that included Exhibit E — Substantiation Write-up Supporting a Notice of Claim Disallowance. This document is currently used by most IRS and state taxing authority teams to support … Read More

European Union establishes new commission to monitor tax base erosion efforts

European Union establishes new commission to monitor tax base erosion efforts

On April 23, 2013, the European Union announced the formation of The Platform of Good Tax Governance.  The Platform is composed of both government and non- government tax experts to keep member states on their toes and up-to-date on the current political momentum to prevent tax base erosion. The Platform is designed to foster discussion … Read More

Things to Consider for Value and Protection of Net Operating Losses

Things to Consider for Value and Protection of Net Operating Losses

Co-Authored by Byron Hamlett & Gregory Fairbanks Have you recently given careful consideration to the value and protection of Net Operating Losses? With the downturn in the economy in late 2008, many companies have been generating net operating losses (“NOL”s).  As the economy improves, companies are beginning to utilize NOLs.  However, such NOLs may not … Read More

Thomson Reuters ONESOURCE Indirect Tax in the Cloud Provides Companies with New Deployment Model to Achieve Compliance with Confidence

Thomson Reuters ONESOURCE Indirect Tax in the Cloud Provides Companies with New Deployment Model to Achieve Compliance with Confidence

New York, February 26, 2013 — Thomson Reuters introduces today ONESOURCE Indirect Tax in the cloud, an end-to-end solution that manages the entire indirect tax lifecycle. Available to companies of all sizes regardless of business operation complexity, ONESOURCE Indirect Tax in the cloud leverages Thomson Reuters proven and patented global on-premise software that … Read More