Tax & Accounting Blog

Nexus: Quill and Its Challengers

Nexus: Quill and Its Challengers

Nexus refers to sufficient connection with a political jurisdiction that gives that jurisdiction authority to require a person or business to collect and remit taxes.  Without nexus, laws requiring a business to collect tax violate the Constitution of the United States under the dormant commerce clause (which prohibits states from discriminating against interstate commerce) and the … Read More

Panama Papers Bring FATCA & CRS into the Spotlight

Panama Papers Bring FATCA & CRS into the Spotlight

The Panama Papers allege that many high profile figures around the world, including current and former world leaders, government officials and celebrities, used the law firm Mossack Fonseca to hide assets and the identity of those who control the assets. Two major actions must take place to tackle this issue, including:      1. Identifying where the … Read More

Team up with myPay Solutions to Avoid Payroll Risks

Team up with myPay Solutions to Avoid Payroll Risks

As any payroll provider can tell you, offering payroll services is rewarding, but it can come with some headaches too. For example, you can encounter challenging and complex legislation, ever-changing rules and regulations and potential risks. If you don’t have a dedicated payroll staff to help you manage the extra work, it can be a … Read More

Switzerland Initiates Consultation on OECD CbCR Exchange Multilateral Agreement

Switzerland Initiates Consultation on OECD CbCR Exchange Multilateral Agreement

On April 13, 2016, Switzerland’s Federal Council announced that it initiated a consultation on the OECD Multilateral Competent Authority Agreement on the Exchange of Country-by-Country (CbC) Reports (the “MCAA”) that the government signed on to with 30 other countries on January 27, 2016. The MCAA describes the type of information to be exchanged … Read More