Tax & Accounting Blog

Thomson Reuters Poll: 50% Tax Professionals Have Staffing Worries

Thomson Reuters Poll: 50% Tax Professionals Have Staffing Worries

During his interactive opening session at this year’s ONESOURCE User Conference, Joe Harpaz, senior vice president and general manager of Corporate Income Tax, incorporated real time vote-by-text polling that revealed that from the 1500 tax and accounting professionals in attendance, half felt limited staffing was their biggest challenge. “When budgets and personnel are hard to come by, turning to … Read More

What’s the real motivation behind country-by-country reporting?

What’s the real motivation behind country-by-country reporting?

The Financial Integrity & Economic Development annual conference in early October of this year highlighted how corporate taxpayers could benefit from more transparency in reporting standards. The idea behind the potential benefits to both corporate taxpayers and governments flow from the following concept: transparency assures honesty and accuracy and potential maximization of tax revenue. Yet … Read More

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Substitute Statements to Recipients and Publication 1179

With tax information reporting deadlines looming in February, software vendors are doing their best to apply new rules from the draft of Publication 1179, General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498, and Certain Other Information Returns. The draft publication was released late in October and updated again on December 2, but … Read More

Oregon Requires Form 1099-MISC and 1099-R Reporting this Year

Oregon Requires Form 1099-MISC and 1099-R Reporting this Year

This has been a very busy year in Form 1099 reporting, but when you are planning your 1099 preparation timeline for payments made in 2011, remember that tax laws in Oregon have changed. After many years of not requiring 1099 reporting, Oregon now has rules for reporting Forms 1099-MISC, 1099-R, 1099-G and W-2G directly to the … Read More

The Tax and Accounting Business of Thomson Reuters Reports 2011 Global Quirky Tax Laws

The Tax and Accounting Business of Thomson Reuters Reports 2011 Global Quirky Tax Laws

Thomson Reuters revealed a sampling of 2011 quirky indirect tax law changes, emphasizing the importance of technology and expertise to help navigate the dynamic sales and use tax landscape. “While some of the changes may seem odd, it highlights just how difficult the sales and use tax process can be,” said Carla Yrjanson, vice president … Read More