Tax & Accounting Blog

On February 15, 2016, Russian President Vladimir Putin signed Federal Law N 32-FZ (amending Chapter 3.4. of the Russian Tax Code (Tax Code) with regard to controlled foreign corporations (CFCs)) and Federal Law N 25-FZ, which revises existing thin capitalization rules (Article 269 of the Tax Code). We will address each of … Read More

  Netflix began the year with a bang when it announced it would come to 130 countries including Russia. Netflix sees is future growth coming from more broadband subscribers around the world. Russian consumers were initially excited for the arrival of the subscription based web television provider. Netflix projected a huge kickoff based … Read More

Four times a year, on a quarterly basis, Missouri Department of Revenue announces a new batch of local taxing jurisdictions.  “Community Improvement Districts” and “Transportation Development Districts” tax areas, which are the most common by far, are typically quite small in size, often ranging from just one business address to a handful in a single … Read More

  After extending the moratorium on internet taxation multiple times, congress has finally voted to make the ban on state and local taxation of internet access permanent. See H.R. 644 – Trade Facilitation and Trade Enforcement Act of 2015. The moratorium was originally signed into law in 1998 with a grandfather clause allowing several … Read More

If you’ve worked in the accounting profession long enough, your understanding of the pathway to equity ownership includes working long hours, over many years, with the goal of being asked to buy-in as a partner. After all, the next generation should have to work the same way you did to reach the top, right? Wrong. … Read More

Does your direct tax process need “shaping up” in 2016? If so, we have a framework for your tax department’s new year’s resolution. Let’s put it this way: Direct tax is like building a structure. It’s a long process to take individual building blocks like steel (or in our case, data) and ensure they’re ready-to-use … Read More