Tax & Accounting Blog

Global Trade Trends: What Will Trump Mean for Trade?

Global Trade Trends: What Will Trump Mean for Trade?

Blog, Global Trade, ONESOURCE January 11, 2017

Words have consequences, and perhaps no words are more consequential than those of the president of the United States. The Nov. 8 election of Donald Trump, a populist whose campaign emphasized reversing the trade liberalization trend of recent decades, created instantaneous uncertainty for supply chains worldwide. Global trade liberalization will not grind to a halt … Read More

Austria Publishes Ordinance on Master and Local File Documentation Requirements

Austria Publishes Ordinance on Master and Local File Documentation Requirements

On December 21, 2016, Austria published an Ordinance on transfer pricing documentation in the official gazette, clarifying the requirements for the master and local files, which will apply to years beginning January 1, 2016. See BEPS Action 13. Master File The master file must include the following: Organizational structure of the … Read More

License Exception SCP (Support for the Cuban People) – Where We Are Now?

License Exception SCP (Support for the Cuban People) – Where We Are Now?

From the time President Obama revealed his new foreign policy toward Cuba on December 17, 2014, the Bureau of Industry and Security (BIS), has issued six rules in the Federal Register that have established and increasingly liberalized the export license exception SCP, i.e., section 740.21 of the Export Administration Regulations (EAR).  While the most … Read More

Electrify Your Payroll with Ancillary Services!

Electrify Your Payroll with Ancillary Services!

For many practitioners, payroll services are a welcome jolt of energy—and profitability—for their firms. Even if you already have a respectable payroll base and are pleased overall with your payroll operations, there’s always an opportunity to improve profitability. And while the actual processing is likely to remain your principal source of revenue, payroll can also … Read More