Tax & Accounting Blog

New Year’s Resolution: Preparing for the income tax provision audit

When the Holiday celebrations are over, you wake up New Year’s Day with resolve to be organized; hit the gym; and of course, be prepared for the audit of the income tax provision! The work you have done to make your process efficient; improve data collection; communicate with management and the board; and address tax risk … Read More

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

Joe Harpaz “40 Under 40” Honoree

Joe Harpaz “40 Under 40” Honoree

Joe Harpaz, Senior Vice President & General Manager, Corporate business of Tax & Accounting was recently recognized by CPA Practice Advisor as a 2011 “40 Under 40” Honoree. This program is designed to highlight young professional leaders that have demonstrated their commitment to innovation and are shaping the future of tax & accounting. Joe was asked … Read More

Transfer Pricing Tops List of Leading UTP Disclosures

Transfer Pricing Tops List of Leading UTP Disclosures

Internal Revenue Service Commissioner Douglas Schulman, speaking at the national tax conference of the American Institute of Certified Public Accounts said that of the approximately 1,500 disclosures of Uncertain Tax Positions received, transfer pricing, research and development credits and business expenses topped the list of disclosures. The service views the UTP disclosures as a tool … Read More