Tax & Accounting Blog

Foreign Nationals: Resident Alien or Nonresident Alien and Why It Matters: Part 8 – Exempt Individuals

Foreign Nationals: Resident Alien or Nonresident Alien and Why It Matters: Part 8 – Exempt Individuals

Exempt Individuals are exempt from counting U.S. days for purposes of determining substantial presence in the U.S., nothing more. They are not exempt from tax because of their status as Exempt Individuals, although such Exempt Individuals are frequently exempt from income tax under a Code or tax treaty provision. To avoid this confusion, the IRS … Read More

Thomson Reuters and GTS Announce Tax Awards in China

Thomson Reuters and GTS Announce Tax Awards in China

ONESOURCE December 6, 2012

Awards highlight professional achievement and business success in China CHINA, December 6, 2012 – Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced the launch of the China Tax Awards 2012. With over 80 entries, the awards recognise the achievements of outstanding tax practitioners in China and aim to … Read More

Michigan Clarifies Reporting of Oil and Gas Personal Property

Michigan Clarifies Reporting of Oil and Gas Personal Property

Michigan’s State Tax Commission issued a bulletin to clarify reporting requirements for Oil and Gas Well properties. This bulletin includes how to properly report Oil and Gas personal property using Form 632 and how to determine the status of a well, using the Department of Environmental Quality Oil and Gas Database. Reportable costs and the … Read More

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Build a Transfer Pricing Knowledge Base

ONESOURCE Transfer Pricing has defi nitely met my needs. I’ve been using it for almost fi ve years and I love the progression that it’s made. It’s very user friendly and with it now being web-based, everything is there online, which is great. Tax Manager, Jones Lang LaSalle Jones Lang LaSalle Case Study Hear how … Read More

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Centralize Data Collection and Increase Reliability, Speed and Efficiency

We really locked down and automated many of our processes. I could now have my journal entry out in an hour. Chip Gooding, Director, Tax Accounting and Reporting Commercial Metals Company wanted to drive efficiencies in data management. With ONESOURCE WorkFlow Manager, data is harmonized, existing workpapers are standardized, and data is readily available. … Read More