Tax & Accounting Blog

Helping You To Deliver on the Affordable Care Act

Helping You To Deliver on the Affordable Care Act

We understand that it’s challenging to collect information, report and keep large employers in compliance with the Affordable Care Act. We strive to provide you with the best tools available for efficient gathering of data from your client’s medical benefit provider and features to streamline the data entry to be entered in Parts II and III … Read More

How The TPP Will Affect U.S. Imports Part 3

How The TPP Will Affect U.S. Imports Part 3

Blog, Global Trade, ONESOURCE December 11, 2015

Six of the eleven party countries to the recently released Trans Pacific Partnership Agreement (TPP) have already outlined preferential trade rules between themselves and the U.S.[1]  Importers have been taking advantage of preferential duty treatment for products imported from Canada and Mexico under NAFTA since 1993, Singapore since 2003, Chile since 2004, Australia … Read More

Latvia Proposal to Combat VAT Fraud

Latvia Proposal to Combat VAT Fraud

A common theme of our blog space has been the ways various countries are tackling issues of VAT Collection and VAT fraud (see my colleague Anil Kuruvilla‘s posts on India and Puerto Rico, for example, or this piece on Fiji). With proposals contained in the 2016 budget to be voted on by … Read More

Required Minimum Distribution Calculations From Retirement Plans Now Available in 2015 UltraTax CS

Required Minimum Distribution Calculations From Retirement Plans Now Available in 2015 UltraTax CS

Beginning with 2015 UltraTax CS, you can calculate and print a Required Minimum Distribution (RMD) Worksheet for an IRA (including SEP and SIMPLE), 401(k), profit-sharing, 403(b), or other defined contribution plans. This new worksheet is a helpful retirement planning tool that you can offer your individual taxpayers. To calculate the projected 2016 required minimum distribution, … Read More