Tax & Accounting Blog

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Thomson Reuters ONESOURCE named Americas Tax Innovator of the Year

Last week, International Tax Review recognized Thomson Reuters ONESOURCE platform as Americas Tax Innovator of the Year at its seventh annual Americas Awards ceremony in New York. When asked why Thomson Reuters ONESOURCE was singled out for the award, Ralph Cunningham, managing editor of International Tax Review, said: “It is down to the impact … Read More

IRS Makes Changes in Processing Central Withholding Agreements for Foreign Entertainers and Athletes

IRS Makes Changes in Processing Central Withholding Agreements for Foreign Entertainers and Athletes

Central Withholding Agreements (CWAs) are used by foreign athletes and entertainers who are planning a tour of the United States to arrange in advance an amount of U.S. income tax to be withheld on payments of income for events that are listed in the CWA, generally at a lower rate than would apply without a CWA. Read More

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SOX Controls Over the Tax Function

It has been 10 years since the Sarbanes-Oxley Act of 2002 was passed, and many companies are still feeling the effects of the Act–specifically as it relates to Section 404.  Section 404 requires management (and for many public companies, their external auditor) to report on the adequacy of the company’s internal control over financial reporting … Read More

Adam Kupperman – “40 Under 40” Honoree

Adam Kupperman – “40 Under 40” Honoree

Adam Kupperman, Vice President & Head of ONESOURCE Firm Edition at Thomson Reuters was recently recognized by CPA Practice Advisor as a 2012 “40 Under 40” Honoree. This program is designed to highlight young professional leaders that have demonstrated their commitment to innovation and are shaping the future of tax & accounting. … Read More

Paula Singer Releases Four Whitepapers on Nonresident Alien Taxation

Paula Singer Releases Four Whitepapers on Nonresident Alien Taxation

Nonresident alien taxation, which encompasses the special payroll withholding and reporting rules for nonresident alien employees and the withholding of tax on U.S.-source income paid to nonresident aliens and foreign entities (traditionally referred to as NRA withholding) has become a critical issue for organizations that pay foreign individuals and entities. Upcoming implementation of FATCA rules and … Read More