Tax & Accounting Blog

California Tax Board Offers a Step-by-Step Chart for Nonresident and Backup Withholding

California Tax Board Offers a Step-by-Step Chart for Nonresident and Backup Withholding

If you’re making vendor payments for a California business location, you need to watch out for payments that are subject to the State of California’s 7% withholding requirements. The California Franchise Tax Board has just issued a new chart, which they hope will make the process easier to understand. The new two-page chart is posted on the … Read More

onesource

Are Estimated Payments Taking Time Away from your Tax Department?

Did you know a typical large corporation spends anywhere from five to ten weeks a year per preparer extracting data from their existing systems and then calculating their estimated payments? Did you also know that now there’s a better way to streamline the preparation of both federal and state estimated payments? Introducing… Estimated Payments from Thomson Reuters ONESOURCE. This … Read More

Your Questions Answered #2: SIC Codes and the Inherent Risks of Conducting IP Analysis

Your Questions Answered #2: SIC Codes and the Inherent Risks of Conducting IP Analysis

Following our recent webcast “SIC Codes: Inherent Risks When Conducting IP Analyses,” dozens of follow-up questions came in from transfer pricing leaders.  Last week, we addressed one about why analysts still use SIC codes in their searches. This week, we’d like to share more frequently asked questions on the complex topic of SIC Codes. Q2: … Read More