Tax & Accounting Blog

Thomson Reuters Releases Indirect Tax Update Report with Q2 2011 Tax Changes

Thomson Reuters Releases Indirect Tax Update Report with Q2 2011 Tax Changes

Thomson Reuters has released the latest ONESOURCE Indirect Tax report which incorporates Q2 changes to VAT and sales and use tax codes. There were a total of 184 changes in the United States with 86 percent of those changes increases or new taxes. Internationally, there were 86 VAT changes, bringing the total changes for Q1 … Read More

ONESOURCE Transfer Pricing Broadens its Intangible Database Offerings!

ONESOURCE Transfer Pricing Broadens its Intangible Database Offerings!

Transactions involving intellectual property have been playing an increasingly significant role in international taxation issues for both tax administrators and taxpayers. Recognizing the need for premium intangible property data, ONESOURCE Transfer Pricing has teamed up with ktMINE, to provide customers easy access to ktMINE’s Royalty Rate Finder database. ktMINE is an intangible property … Read More

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If You Use Per Diem Amounts for Travel Expense Payments, Note that Some Rules Are Changing

The IRS has announced the intention to discontinue authorizing the high-low method for substantiating expenses incurred for lodging, meals and incidentals while traveling away from home.  Announcement 2011-42 indicates that the IRS will no longer calculate and issue authorized per diem amounts for certain high-cost localities, to be used as the high-low alternative under the … Read More