Tax & Accounting Blog

State-by-State Reciprocity Agreements

State-by-State Reciprocity Agreements

Let’s talk reciprocals. Reciprocity agreements mean that two states allow its residents to only pay tax on where they live—instead of where they work. For instance, this is particularly important to higher wage earners who live in Pennsylvania and work in New Jersey. Pennsylvania’s top rate is 3.07%, while New Jersey’s top rate is 8.97%. … Read More

Apple-Ireland EC Tax Ruling Could Shape Corporate Tax Policies

Apple-Ireland EC Tax Ruling Could Shape Corporate Tax Policies

The European Commission (EC) ruling that Ireland provided illegal tax benefits to Apple could cost Apple €13 billion ($14.5 billion) and significantly impact how companies do business in Europe. The ruling also underscores the challenges the EC increasingly faces and predicts how decisions made in Brussels could impact US tax revenues. The EC takes a … Read More

Partner Summit Series: Leading Your Firm to Success

Partner Summit Series: Leading Your Firm to Success

This year, Thomson Reuters held its ninth annual Partner Summit series—seven events across the United States where we share best practices with the 65 attendees at each location. As we wrap up another summer, we’d like to share with you some insights from one of the key presentations that came out of this year’s summits. … Read More