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

ONESOURCE Property Tax at ICSC Florida Conference 2011

 ONESOURCE Property Tax will be exhibiting at the upcoming ICSC Florida Conference 2011 from August 21 – 23, 2011 in Kissimmee, FL at the Gaylord Palms Resort & Convention Center. According to ICSC’s website, ICSC’s Florida Conference is the largest annual, networking, educational and Deal Making retail event held in the state. Attendees can visit … Read More

IRS Answers Questions about I.R.C. Section 3402(t)

IRS Answers Questions about I.R.C. Section 3402(t)

IRS Answers Some Questions about Rules for Government Payers to Withhold 3% from Many Payments There’s a new FAQ page on the IRS website with information that federal, state and local government Accounts Payable, Tax, and Procurement offices will want to know about their future obligation to withhold 3% from a wide range of payments.  … 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