Tax & Accounting Blog

The South (Carolina) is Rising

The South (Carolina) is Rising

After decades of debate, beginning January 1st, 2017, several North Carolinians will become residents of South Carolina overnight as legislators have come to an agreement to redefine the border between the neighboring states. 16 homes in South Carolina and 3 others in North Carolina will be impacted immediately, effectively changing property tax rates and necessitating new drivers licenses for those … Read More

The Hidden Benefits of Workflow Management

The Hidden Benefits of Workflow Management

Sometime around January 1, many tax and accounting professionals promised themselves they would be lean by the summer—and I’m not referring to waistlines. Well, summer is here, and I’m guessing many of you are working with the same inefficiencies that frustrated you throughout this tax season and tax seasons past. Fortunately, summer is the perfect … Read More

Singapore to Join Inclusive Framework to Implement BEPS Recommendations

Singapore to Join Inclusive Framework to Implement BEPS Recommendations

On June 16, 2016, the Singapore Ministry of Finance issued a press release saying that Singapore will join the “inclusive framework” for the global implementation of the BEPS project. Under this framework, all state- and non-state jurisdictions that commit to the BEPS project will participate as BEPS Associates of the OECD’s Committee on Fiscal … Read More

GST Tackles Electronic Commerce

GST Tackles Electronic Commerce

The Finance Minister “officially” released the GST model law this week, it had been released a couple of months earlier. The model law confirms the dual GST system proposed for years. It also had a provision to address electronic commerce and its targets electronic commerce operators to collect and remit tax. Electronic commerce was defined … Read More