Tax & Accounting Blog

The City of Moore Tries to Add a Major Destination Park

The City of Moore Tries to Add a Major Destination Park

Moore residents will have the opportunity to approve two ballot measures on November 6th that would create a major park transformation that could redefine how tourist would look at their city. The first proposition authorizes $25.1 million in funding to enhance a current park, which would essentially create a new major destination park. This enhanced park would feature a new … Read More

Medical Device Excise Tax: Achieving Compliance with Confidence

Medical Device Excise Tax: Achieving Compliance with Confidence

Writte by guest blogger: David Emmons, CPA, CMI at Thomson Reuters Complying with indirect taxes is a legal mandate that is not core to a business, yet the operational outlay is great. On January 1, 2013, indirect tax compliance for medical device manufacturers will get even more complicated, burdensome and expensive. Passed as part of the … Read More

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FinCEN Announcement: Electronic Filing of Form 8300

On September 19, FinCEN announced that businesses may now electronically file Form 8300 using the BSA e-filing system. Businesses must file Form 8300 when they receive over $10,000 cash in one transaction, or in two or more related transactions. The filing is due in 15 days after the cash is received. Paper filings of Form 8300 … Read More

Defending your State Transfer Pricing Position

Defending your State Transfer Pricing Position

State tax authorities have the ability to increase the tax base of your state affiliates if they can assert that your intercompany pricing is inconsistent with the arm’s length principle.  Under section 482 in the Internal Revenue Code, state action may take the form of transfer pricing adjustments, the adding back of related party expenses, … Read More