Tax & Accounting Blog

Natural Disasters: A Trigger for Tax Changes

Natural Disasters: A Trigger for Tax Changes

Natural disasters will unleash a chain reaction of challenges causing economic disruption and difficulties.  Governments typically react by increasing certain taxes on a temporary basis in order to create extra funding for medical supplies, food, shelter and other basic services in the affected areas and eventually, to address the reconstruction process of damaged public and … Read More

Upcoming Payroll Deadlines, and a Special Announcement

Upcoming Payroll Deadlines, and a Special Announcement

Let’s take a look at some of the deadlines and changes that will affect payroll in the upcoming months. Affordable Care Act (ACA)—June 30, 2016 is the deadline to electronically file forms 1094s and 1095s for 2015. All applicable large employers (ALE—businesses who employ 50 or more full-time employees or full-time equivalents) received increased flexibility … Read More

Canada Publishes Information Circular 70-6R7 on Exchange of Information

Canada Publishes Information Circular 70-6R7 on Exchange of Information

Canada supports the OECD BEPS Action 5 recommendations  and has committed to the spontaneous exchange of information on tax rulings with other countries. In Information Circular (IC) 70-6R7, which replaces IC 70-6R6 (dated August 29, 2014), the Canada Revenue Agency (CRA) outlines the types of rulings that may be shared with … Read More

Vietnam’s Exports to Mexico in Recent Years

Vietnam’s Exports to Mexico in Recent Years

Blog, Global Trade, ONESOURCE April 29, 2016

Background   Vietnam and Mexico established diplomatic relations with each other after Vietnam’s liberalization in April 1975. Both nations have signed several cooperation agreements in areas such as scientific and technological cooperation, agriculture, healthcare, culture, education and suppression of visa requirements for official and diplomatic passport holders of both countries. Currently both Vietnam and Mexico are … Read More