Tax & Accounting Blog

The EPA estimates that one scrap or waste tire is generated per person per year in the United States.  Tires are very tricky to dispose of and to recycle. Stockpiling waste tires can not only pollute the environment, it can also cause safety and health problems.  However, recycling tires can be cost prohibitive.  As a result, most … Read More

After years of much talk and very little action, the UAE will become the first member of the Gulf Cooperation Council (GCC) to levy Value Added Tax. This will take effect in January of 2018 and is a move that will be followed by the rest of the countries in the GCC by the … Read More

“Hi, my name is Becca, and I’m a scheduling junkie.” Over the past twenty years, I’ve come to realize the importance of scheduling in order to manage everything that I have to do. I live by my Outlook calendar, which I use not only as a To Do list as well as a tracking tool … Read More

Budget Speech 29 February 2016 was the presentation of the 2016 Budget Speech in India’s Parliament. India’s Budget Speech lays out the spending programs for the government for the year and proposes changes to different legislation to be made during the Budget Session. This years’s budget session will run last from 23 February to 13 May … Read More

The European Court of Auditors has released a report entitled Tackling intra-Community VAT fraud: More action needed. The report was not flattering, as executive summary item II succinctly demonstrates: This audit addressed the question of whether the EU is tackling intra-Community VAT fraud effectively. The Court found that the EU system is not sufficiently … Read More

On the 6th of November 2015, China’s General Administration of Customs released the ‘Announcement on Developing Work order Write-off (WOW) of the Processing Trade’ (Announcement No. 53 [2015]), to develop the practice and clarify the management method of work order write-off for processing trade. By definition, work order[1] write-off means enterprises can file … Read More