Tax & Accounting Blog

Urgent Security Alert: Phishing Scam Requesting Login Credentials

Urgent Security Alert: Phishing Scam Requesting Login Credentials

A new email is circulating that’s requesting a “validation” of your login credentials to “add new security measures.” It’s designed to look like a valid email from your tax and accounting software provider, and contains language about valid security updates implemented over the last year. This phishing email is another example of bad actors using … Read More

U.S. IRS Signs More Competent Authority Agreements on Exchange of CbC Reports

U.S. IRS Signs More Competent Authority Agreements on Exchange of CbC Reports

As of June 26, 2017, the IRS has signed bilateral competent authority agreements (CAAs) on the exchange of country-by-country (CbC) reports with the following jurisdictions: Canada – signed on June 7, 2017; CAA not yet available. Denmark – signed on June 21, 2017; CAA not yet available. Guernsey – signed on June 22, 2017; CAA … Read More

How to Alleviate the Top Pressures Facing Audit Professionals

How to Alleviate the Top Pressures Facing Audit Professionals

As an audit professional, you face many challenges — including rising staff turnover and fast-changing standards that make it difficult to stay in compliance and stay competitive. Let’s examine three of these pressures, along with some solutions to help make your audit practice a healthy and happy one! Problem: An Unstable Workforce It’s more challenging … Read More

What Is the Impact of the U.S. Withdrawal from the TPP on Indonesia?

What Is the Impact of the U.S. Withdrawal from the TPP on Indonesia?

It was not a surprise to most countries when President Trump withdrew from the Trans Pacific Partnership (TPP) Agreement. His withdrawal was a signal that he intended to follow his approach with ‘Americans First”, by protecting American workers from competition from low-wage countries such as Vietnam and Malaysia. Indonesia had not officially joined the regional … Read More

Brazil Updates FAQs on Country-by-Country Reporting Requirements

Brazil Updates FAQs on Country-by-Country Reporting Requirements

On June 9, 2017, Brazil issued updated FAQs on country-by-country (CbC) reporting. On December 29, 2016, Brazil published Normative Instruction No. 1681/2016, requiring CbC reporting for fiscal years that begin on or after January 1, 2016. See BEPS Action 13. The FAQs address the following considerations (among others): Whether extraordinary revenues and gains from … Read More