Tax & Accounting Blog

Form 1099 Changes to Note as You Prepare for Year-End Statements and Filing

Form 1099 Changes to Note as You Prepare for Year-End Statements and Filing

Notes that may help you plan your Form 1099 reporting season: Your company’s logo, slogans or advertising are not permitted on the Form 1099 statements you send out to report amounts paid in 2011 and later years. This is the new rule, though we’re still waiting for the IRS to issue specific clarifications or explanations of … Read More

Visit Thomson Reuters at the TEI Annual Conference Oct 31 – Nov 2 in San Francisco, CA

Visit Thomson Reuters at the TEI Annual Conference Oct 31 – Nov 2 in San Francisco, CA

  Visit ONESOURCE Indirect Tax part of Thomson Reuters, at this year’s TEI Annual Conference taking place October 31 through November 2. We will be in Booth #11.  This year’s event is being held at the San Francisco Marriott Marquis Hotel 55 4th St. San Francisco, CA 94103  Phone: 415-896-1600. You’re also invited to visit … Read More

Do You Know Your Risk Profile?

Do You Know Your Risk Profile?

As we all know, every company is under constant pressure to perfectly manage its financial reporting obligations. For a tax department, its main responsibility for financial reporting is the Effective (income) Tax Rate (“ETR”).  Any movement of that rate, in this highly volatile stock market, can cause a negative impact to a company’s stock price. … Read More

IRS Clarifies How Electronic Records Must Be Furnished for Examination

IRS Clarifies How Electronic Records Must Be Furnished for Examination

The IRS Small Business/Self Employed (SB/SE) division, which is heavily involved in Form 1099 tax reporting and withholding among other issues, recently released some details of how electronic accounting records (instead of books and records on paper) are to be furnished in response to an IRS Information Document Request (IDR).  The IRS will want your backup … Read More

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2011 Property Tax Changes For Those Filing In Alabama

As the end of the year approaches, upcoming deadlines and filing requirements are fresh on the mind for many property tax professionals. Companies need to be aware of changes in jurisdictional filing requirement; such is the case for those who are filing in Alabama. Effective October 1, 2011, Shelby county will require companies with personal … Read More