Tax & Accounting Blog

U.S. Congress Releases Joint Report on Tax Cuts and Jobs Act

U.S. Congress Releases Joint Report on Tax Cuts and Jobs Act

On December 15, 2017, the U.S. Congress released the Conference Report on the Tax Cuts and Jobs Act, as well as a Joint Explanatory Statement. The summary below highlights several of the international tax provisions addressed by the Conference Committee. Deduction for foreign-source portion of dividends received … Read More

2018 New Year’s Evolutions

2018 New Year’s Evolutions

In every aspect of our lives, technology is changing the status quo — and the tax and accounting profession is no exception. Technology is helping firms simplify work, improve communication and save time and money. Yet it’s also challenging business as usual, requiring firms to reassess long-standing staff roles, processes and revenue streams. We asked … Read More

Global Interests: Serving immigrant entrepreneurs is at the core of success for Community CPA

Global Interests: Serving immigrant entrepreneurs is at the core of success for Community CPA

[Image ©Kathryn Gamble] When people in Iowa ask Ying Sa where she’s from, they’re surprised to hear her say, “Canada.” Then again, Sa likes to be unexpected. Although she was born in China, she came to the U.S. after getting her degree in accounting from Toronto’s York University. “When I graduated, I made up my … Read More

Portugal Approves Country-by-Country Notification Form

Portugal Approves Country-by-Country Notification Form

On December 11, 2017, the Portuguese government issued Order 367/2017 approving the model declaration, “Communication of the Identification of the Declarant Entity – Financial and Tax Declaration by Country” (Model 54), under Article 121-A(4) of the Income Tax Code (ITC). The declaration, which represents a notification for … Read More