Tax & Accounting Blog

Russian Amendments to Controlled Foreign Corporation and Thin Capitalization Rules Enter into Force

Russian Amendments to Controlled Foreign Corporation and Thin Capitalization Rules Enter into Force

On February 15, 2016, Russian President Vladimir Putin signed Federal Law N 32-FZ (amending Chapter 3.4. of the Russian Tax Code (Tax Code) with regard to controlled foreign corporations (CFCs)) and Federal Law N 25-FZ, which revises existing thin capitalization rules (Article 269 of the Tax Code). We will address each … Read More

Missouri Announces April 2016 New Quarterly Districts

Missouri Announces April 2016 New Quarterly Districts

Blog, Indirect Tax, ONESOURCE February 23, 2016

Four times a year, on a quarterly basis, Missouri Department of Revenue announces a new batch of local taxing jurisdictions.  “Community Improvement Districts” and “Transportation Development Districts” tax areas, which are the most common by far, are typically quite small in size, often ranging from just one business address to a handful in a single … Read More

Congress Passes Permanent Internet Tax Freedom

Congress Passes Permanent Internet Tax Freedom

  After extending the moratorium on internet taxation multiple times, congress has finally voted to make the ban on state and local taxation of internet access permanent. See H.R. 644 – Trade Facilitation and Trade Enforcement Act of 2015. The moratorium was originally signed into law in 1998 with a grandfather clause allowing several … Read More

Can Collaborative Management Work at Accounting Firms?

Can Collaborative Management Work at Accounting Firms?

If you’ve worked in the accounting profession long enough, your understanding of the pathway to equity ownership includes working long hours, over many years, with the goal of being asked to buy-in as a partner. After all, the next generation should have to work the same way you did to reach the top, right? Wrong. … Read More