Tax & Accounting Blog

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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

Shelby County Mayor Vetoes Sales Tax Increase For New School System

Shelby County Mayor Vetoes Sales Tax Increase For New School System

The Shelby County Mayor, Mark Luttrell, has vetoed a resolution by the Shelby County Commission to raise the county sales tax by 0.5%.  The county commission can vote to override his veto.  Residents of Arlington, Bartlett, Collierville, Germantown and Lakeland (communities in Shelby county) have already have voted to raise their sales taxes. They hope to create … Read More