Tax & Accounting Blog

Evaluating Intercompany Royalty Rates: Why Agree with the IRS Preferred Method?

Evaluating Intercompany Royalty Rates: Why Agree with the IRS Preferred Method?

Imagine a U.S. parent that licenses certain technology to a Canadian affiliate which generates significant profits. While this sounds like good news from a business perspective, the IRS habit of assuming that the royalty should represent all of these residual profits could cause double taxation problems. Interestingly, many economists and the latest from the OECD … Read More

(Closed) SYNERGY 2014 Question of the Week: What do South By Southwest (SXSW) and SYNERGY have in common?

(Closed) SYNERGY 2014 Question of the Week: What do South By Southwest (SXSW) and SYNERGY have in common?

Answer the question at the bottom of this post and you could win a ONESOURCE prize pack!  When you think of “best in breed” conferences, South by Southwest (SXSW) may rise to the top of the list for music, film and interactive.  But what makes this conference in Texas’ state capital such a huge success? … Read More

Meet the Taxologist: Lauren Kovar

Meet the Taxologist: Lauren Kovar

“I am multidimensional. I am a leader,” says Lauren Kovar, director of client advisory and strategy at Thomson Reuters. If you’re committed to driving toward total tax organization efficiency, such qualities are essential. In today’s world of growing tax complexity, you cannot think inward. Lauren recommends looking beyond the scope of the status quo and … Read More

Meet the Taxologist: Tim Freeman

Meet the Taxologist: Tim Freeman

“I am ever-evolving. I am an interpreter, I am a Taxologist.” – Senior Director of Enterprise Accounts and ONESOURCE University, Tim Freeman. With the traditional manual nature of tax, it would seem intuitive that tax departments would use technology to streamline processes. Unfortunately, that has not always been the case. Tim recognizes that Tax has … Read More

Meet the Taxologist: Jeanne Turndahl

Meet the Taxologist: Jeanne Turndahl

“I’m a visionary. I challenge the status quo,” says Jeanne Turndahl, Director of Tax at Thomson Reuters. Jeanne’s tenacity and enthusiasm has proved quite the boon to her position. A seasoned tax veteran, she has always been motivated by efficiency. She noticed quite the change in the contemporary tax landscape compared to that of the … Read More

Thinking Globally and Inspiring the Inner Taxologist in Others

Thinking Globally and Inspiring the Inner Taxologist in Others

“I think globally. I love inspiring the inner Taxologist in others.  I am a Taxologist,” says Sam Cicogna, VP of Professional Services at Thomson Reuters. The tax function has evolved from its traditional role to a far more complex entity. This requires a new type of thinking and a new breed of tax professional that … Read More