Tax & Accounting Blog

Trump’s Changes to the Tax Code Could Spell Big Changes for Professional Tax Preparers

Trump’s Changes to the Tax Code Could Spell Big Changes for Professional Tax Preparers

As of the time of this writing, the Trump Administration has released a high-level plan for significant changes to the U.S. Tax Code – ones which, if effected, could translate into significant changes to the work performed by professional tax preparers. The seven key tenets to the plan are as follows: Reducing the seven marginal … Read More

IRS E-File Application Summary Required Before You Can E-File with Accounting CS and Accounting CS Payroll

IRS E-File Application Summary Required Before You Can E-File with Accounting CS and Accounting CS Payroll

If you haven’t already done so, you’ll need to provide a copy of your IRS e-file application summary before you can electronically file payroll compliance forms via Accounting CS® and Accounting CS Payroll. Keep these things in mind: No action is required if you’ve already completed this process and provided documentation for UltraTax CS e-filing. … Read More

Managing Company Acquisitions from a Trade Compliance Perspective

Managing Company Acquisitions from a Trade Compliance Perspective

According to the Institute for Mergers, Acquisitions, and Alliances; in 2016 there were over 48 thousand worldwide mergers and acquisitions.   Regardless of what point the Global Trade Compliance team is included in acquisition discussions, it needs a process for assessing the existing risk, support from senior management when unacceptable risk is discovered, and creative … Read More

OECD Releases Details of Country-by-Country Reporting Implementation and Exchange Relationships

OECD Releases Details of Country-by-Country Reporting Implementation and Exchange Relationships

On May 4, 2017, the OECD issued a press release on the implementation of country-by-country (CbC) reporting and corresponding automatic exchange agreements. Currently, 57 jurisdictions have signed the CbC Multilateral Competent Authority Agreement (CbC MCAA), which includes conditions to exchange CbC reports under the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. … Read More