Tax & Accounting Blog

How can tax and accounting professionals manage their workpapers?

How can tax and accounting professionals manage their workpapers?

Did you know…? Tax is the primary cause of control deficiencies. Managing risk through the adherence of controls is a key objective of a tax professional. A recent study of nearly 400 tax departments from public and private corporations revealed numerous concerns around workpaper efficiency and controls. Tax professionals spend 30% to 60% of their … Read More

The Brazilian State of Bahia Increases Substitution Tax on Construction Materials

The Brazilian State of Bahia Increases Substitution Tax on Construction Materials

On Feb 01, 2015, the Decree 15.807 entered into effect in the Brazilian state of Bahia. This decree relates to ICMS Tax Substitution for transactions involving construction materials within the state of Bahia. Under the regime of Tax Substitution, a manufacturer or other business entity designated as a tax substitute becomes responsible for remitting the … Read More