Tax & Accounting Blog

Recharge your payroll skills on per diems

Recharge your payroll skills on per diems

Per diems are a great way to control travel and entertainment expenses — and both small and large companies take advantage of this program. The federal government and all states have three systems to compensate employees for per diems. Using per diems not to exceed federal rules are a worry-free, documentation-free way for employers to … Read More

A Primer on NAFTA 2.0: What Everyone Wants

A Primer on NAFTA 2.0: What Everyone Wants

By Keith Haurie, Vice President of Business Development for ONESOURCE Global Trade at Thomson Reuters Because the Trump administration aims to renegotiate an historic trade deal, the North American Free Trade Agreement, on an accelerated timeframe, it should come as no surprise that there is substantial uncertainty surrounding the outcome. What each party to the negotiation … Read More

The Czech Republic Implements CbC Reporting Requirements

The Czech Republic Implements CbC Reporting Requirements

On September 20, 2017, the Czech Republic published Law No. 305/2017 in the official gazette to implement EU Directive 2016/881 on the exchange of country-by-country (CbC) reporting information among EU member states. The legislation had been pending review in the Czech Parliament for several months, since the Ministry of Finance presented it with … Read More

OECD Requests Public Feedback on Tax Challenges of Digitalization

OECD Requests Public Feedback on Tax Challenges of Digitalization

On September 22, 2017, the OECD issued a press release, seeking public comments on key issues identified in a request for input related to the tax challenges of the digitalization of the economy, a day after the European Commission released its initial report on the same topic. See BEPS Action 1. The BEPS … Read More

6 Biggest Challenges, and What To Do About Them, When Upgrading Legacy Sales Tax Software

6 Biggest Challenges, and What To Do About Them, When Upgrading Legacy Sales Tax Software

You’ve got a sales tax engine today and you’ve had it for a long time. Maybe you were around when it was first installed, or maybe you weren’t. Your company and systems have changed over the years but not your aging tax engine. Over time and to stay compliant with tax law, your company has … Read More