Tax & Accounting Blog

Part 3:  Additional Data Elements Now Needed to Generate CbC Reports in the OECD XML Schema

Part 3: Additional Data Elements Now Needed to Generate CbC Reports in the OECD XML Schema

On March 22, 2016, the OECD published its standardized electronic format for the exchange of Country-by-Country (“CbC”) Reports between Competent Authorities, including the CbC extensible markup language (“XML”) schema and related User Guide. Both documents were developed to assist the speedy and consistent implementation of CbC Reporting with a view to accommodating the electronic … Read More

Signing Your ESA Statements

Signing Your ESA Statements

ESA statements are required to be electronically signed by an authorized person, the Electronic Return Originator (ERO), can be the taxpayer or the tax preparer. MI 5352, the E-file Authorization for the Essential Services Agreement is only available in the software, includes a perjury statement, and should be printed for your records after it has … Read More

The Three Cs of Change

The Three Cs of Change

There isn’t much in life that’s more constant than change. And it’s tough to find a better measure of our success or failure—in business and in life—than how we deal with change. How do you lead your firm through change? How do you ensure that your clients benefit from the changes you make, but aren’t … Read More