Tax & Accounting Blog

Sales Tax vs. Value Added Tax – Calculation and Compliance Differences

Sales Tax vs. Value Added Tax – Calculation and Compliance Differences

Guest Blogger: Diane Yetter, CPA, MST, is founder of YETTER, a sales tax consulting and tax technology firm. Any tax practitioner who deals with company operations in multiple countries should be aware of the differences between sales tax and value added tax (VAT).  While you may be well versed in how sales and … Read More

Top 10 Audit Pitfalls and How to Address Them

Top 10 Audit Pitfalls and How to Address Them

Indirect tax, also known around the world as transaction tax, value added tax (VAT), goods and services tax (GST) or sales & use tax, is one of the top revenue sources for local and national governments worldwide. With many governments still struggling to address massive budget shortfalls, it is not surprising that they are tinkering … Read More

Transfer Pricing and Customs Valuations:  Will Your Adjustment Be Recognized?

Transfer Pricing and Customs Valuations: Will Your Adjustment Be Recognized?

What do you do when you need to make a transfer pricing adjustment, but the goods were delivered to the buyer in a prior tax year?  From a financial reporting and tax return perspective, the company within the local jurisdiction may or may not respect the adjustment.  But is that the end of the issue? … Read More

Thomson Reuters Reinforces Global Indirect Tax Leadership Position with Limited Release of New Integration for SAP

Thomson Reuters Reinforces Global Indirect Tax Leadership Position with Limited Release of New Integration for SAP

New York – Thomson Reuters today announced a new version of ONESOURCE Indirect Tax Integration for SAP designed to meet the indirect tax needs of global companies doing cross border business in the regions of EMEA, Asia Pacific, Latin America, and North America.>>Press Release Thomson … Read More