Tax & Accounting Blog

Three Reasons to Try the Smarter Source for Worldwide Private Company Data

Three Reasons to Try the Smarter Source for Worldwide Private Company Data

In recent years, multinational corporations have seen a significant rise in audits, shifts in tax legislation from various countries, and guidelines from the OECD. As transfer pricing documentation regulations continue to evolve worldwide, professionals need reliable and high-quality data to support documentation. Starting today, you can receive this with the Worldwide Private Company Database from … Read More

Recent Personal Property Exemption Changes In Michigan

Recent Personal Property Exemption Changes In Michigan

Michigan has passed laws that affect personal property taxpayers. Here are a few overviews of some of the changes. Commercial and Industrial Personal Property Exemption A law recently went into effect amending the existing industrial or commercial personal property exemptions provided in Mich. Comp. Laws Ann. §211.9o. Beginning December 31, 2013, the amendment increases the … Read More

Virginia Announces New Enterprise Zones

Virginia Announces New Enterprise Zones

Virginia Governor Bob McDonnell declares four new designations of Virginia Enterprise Zones, a program run by the Virginia Department of Housing and Community Development. The VEZ’s initiative is to bolster job growth and encourage private investment by creating opportunities for businesses and investors. These four new zones will receive state and local enterprise zone incentives … Read More

Massachusetts Early Mediation Program

Massachusetts Early Mediation Program

Due to its early success, Massachusetts State Revenue Commissioner declared that the Department of Revenue’s one year-old early mediation program is expanding to more taxpayers for 2014. The early mediation program allows for both the taxpayer and DOR to settle their case through a mediation process rather than traditional appeals or litigation processes. The tax … Read More

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FATCA Compliance Updated by IRS Notice 2013-69

IRS Notice 2013-69 provides new guidance for foreign financial institutions (FFIs) that sign an FFI agreement with the IRS for compliance under FATCA (the Foreign Account Tax Compliance Act). Notice 2013-69 also includes guidance for FFIs that are treated as reporting financial institutions under an applicable Model 2 intergovernmental agreement (IGA) between the United States … Read More