Tax & Accounting Blog

The rules are now clear. Every MNE with at least 750 million Euro of revenue in 2015 must prepare Country-by-Country (CbC) reports for the 2016 fiscal year. If the ultimate parent company does not file, then a surrogate or the local entity will most likely be required to comply. The timeline seems to afford MNEs … Read More

Although the Ides of March (March 15) has long been associated with the assassination of Julius Caesar, modern Americans now associate it with something that could be considered even more gruesome: the corporate tax filing deadline. Luckily for ancient Roman generals, this year the only thing dying on the Ides of March is an era. … Read More

The push for equality in the workplace is far from over. While companies must continue to make strides in this regard for obvious ethical and fairness purposes, it is sometimes overlooked that a balance in gender and background also provides organizations with a competitive and strategic advantage that not only makes for a far more … Read More

Every year, the automotive industry has been growing consistently around the world demonstrating that it is a strong and influential sector to the worldwide economies. Certainly if a country is experiencing some sort of economic crisis, this crisis could lead to the fall in vehicle sales. Alternatively, countries will see an increase in automotive sales … Read More

With slightly over three and a half weeks until Value Added Tax (VAT) was scheduled to take place, the Puerto Rico Department of Revenue has announced that the reports of the death of sales and use tax have been greatly exaggerated. Ley 72-2015 authorized a 10.5% Commonwealth Value Added Tax to begin April 1, … Read More

While it’s common knowledge that tax return preparers and other tax professionals must constantly be on guard against hackers, several “phishing” schemes aimed specifically at tax professionals are gaining momentum. As tax season peaks, here’s a high-level rundown – they are varied and complex – of what these phishing schemes are all about and how … Read More