Tax & Accounting Blog

We’re Listening: Global Tax Provision

We’re Listening: Global Tax Provision

Welcome the second update from our “We’re Listening @ ONESOURCE” series…the official series dedicated to addressing our ONESOURCE customers’ feedback. Do you have insights on how we can better serve our customers? We want to hear from you! Check back throughout the next seven weeks for more blog posts on how … Read More

We’re Listening: Modern and Common User Interface

We’re Listening: Modern and Common User Interface

You asked… we’re delivering. At the 2011 ONESOURCE User Conference, we heard feedback from our 1500+ clients in attendance via a new program launched so that we could hear everything our customers care about most. In this series, I’ll share with you how we’re implementing customer … Read More

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A Refresher on How to Classify Valuation Allowance

The provision is done, the deferred ending balances are reconciled, and the proper total valuation allowance has been established. But there is one more thing. If you haven’t considered valuation allowance allocation and presentation in classified financial statements in a while it may be time for a refresher, so read on!  The Rules: 740-10-45-5  The … Read More

Will 2012 be a year of increased cross-border tax cooperation?

Will 2012 be a year of increased cross-border tax cooperation?

If 2011 was any indication, 2012 looks to be a year of international cooperation on tax standards. Despite some predictions for more isolationist policies, proposals for tax, trade and fiscal oversight point toward more cooperation between governments, not less. Tax and Trade Agreements continue in Latin America In November of 2011, officials from Mexico and … Read More

United States Supreme Court Declines KFC Corp. v. Iowa

United States Supreme Court Declines KFC Corp. v. Iowa

The U.S. Supreme Court has denied the request for certiorari in KFC Corp. v. Iowa. The issue in the case is the asserting of jurisdiction to asses income taxes based on the concept of economic nexus. In KFC, the franchisor licensed its marks and other intangibles to independent franchisees for use in their business, in … Read More