Tax & Accounting Blog

Preparing for Black November: Determine Your Tax Reach

Preparing for Black November: Determine Your Tax Reach

In this blog post we will discuss the importance of determining your tax reach.  Your activities within each tax jurisdiction drive the requirements for whether you must register to collect indirect tax and correspondingly remit the tax.  The minimum activity that creates nexus and the need to register with a tax jurisdiction continues to evolve … Read More

Trade Between Brazil and Canada—Past, Present and Future (Pt 1)

Trade Between Brazil and Canada—Past, Present and Future (Pt 1)

Introduction Brazil and Canada have developed and improved their economic relationship throughout the years, particularly in the last couple of years as they’ve strengthened ties and increased the flow of goods and services. The resulting relationship is a strong and dynamic partnership.  Moreover, the numbers confirm their strong ties: in the last decade, trade between … Read More

New Jersey Sports Fans’ Fantasy Leagues Are Sales Tax-Free

New Jersey Sports Fans’ Fantasy Leagues Are Sales Tax-Free

The following was written by Ruth Jeremiah and posted on her behalf. New Jersey Division of Taxation has determined that fantasy sports entry fees are not subject to tax. This ruling stems from an Austin, TX taxpayer that runs a fantasy sports website and charges taxes for entry fees for various professional sports leagues, … Read More

Will US Country-by-Country Voluntary Filing Offer A Reasonable Alternative to Fulfill 2016 Tax Year Obligations?

Will US Country-by-Country Voluntary Filing Offer A Reasonable Alternative to Fulfill 2016 Tax Year Obligations?

BEPS, Blog, ONESOURCE November 3, 2016

The US regulations provide that Country-by-Country (“CbC”) Reporting for US HQ MNEs must be filed with the ultimate parent entity’s income tax return for the taxable year beginning on or after June 30, 2016. In contrast, pursuant to the OECD guidance, CbC reporting is to become effective for fiscal years starting on or after January … Read More