Tax & Accounting Blog

Mapping Your Path to Success

Mapping Your Path to Success

Imagine an airline pilot sitting down in the cockpit and saying, “Okay, we’re going to taxi down the runway and we’ll set the compass to west and with any luck we’ll wind up in Los Angeles.” That’s the analogy Ryan J. Niedoba, chief operating officer at Niedoba, Beppel & Company in Berlin, N.J., uses to … Read More

Treasury and IRS Issue Foreign Tax Credit Guidance in Response to State Aid Investigations

Treasury and IRS Issue Foreign Tax Credit Guidance in Response to State Aid Investigations

Following the European Commission's (EC’s) state aid decision regarding Apple (see BEPS Action 5), the U.S. Department of the Treasury (Treasury) issued Notice 2016-52 stating that the U.S. Internal Revenue Service (IRS) and Treasury intend to issue new regulations under Internal Revenue Code (IRC) section 909 that will prevent … Read More

She Makes It Personal

She Makes It Personal

Chasity Hooks, CPA, had no experience working in a public accounting firm when she established Hooks CPA in 2008, though she had been handling all the accounting work at an oil field company. What she did have was many years of experience in customer service. Hooks began working at age 14— everything from waitressing and … Read More

U.S. Treasury Sees Opportunity for Business Tax Reform

U.S. Treasury Sees Opportunity for Business Tax Reform

On September 12, 2016, the U.S. Department of the Treasury (Treasury) issued a press release, regarding an article written by Secretary Jacob J. Lew, discussing how the negative reaction by Congress to the European Commission’s (EC’s) recent state aid investigations could lead to an opportunity for business tax reform. On February 11, 2016, … Read More

Governor Cuomo Signs Bill to Repeal Feminine Hygiene Tax; Governor Brown Vetoes Bills to Eliminate Tax on Feminine Hygiene Products

Governor Cuomo Signs Bill to Repeal Feminine Hygiene Tax; Governor Brown Vetoes Bills to Eliminate Tax on Feminine Hygiene Products

Authored by Ruth Jeremiah Women all over New York are pleased to know that the tax on feminine hygiene products, such as tampons, has been repealed by Governor Cuomo. The governor signed the legislation in July, with it taking effect October, 1, 2016. “This is a regressive tax on … Read More