Tax & Accounting Blog

Putting the Brakes on Imports of Cultural Property

Putting the Brakes on Imports of Cultural Property

Author: Mark K. Neville, Jr., LL.M. (International Legal Studies), NYU, is Principal of International Trade Counsellors and may be reached at mkneville@itctradelaw.com. He has served as an adjunct professor at the University of California, Berkeley’s Haas School of Business and NYU’s Stern School. Mr. Neville is the Journal’s Customs & Trade correspondent and a member … Read More

3 Reasons Why Small to Mid-sized CPA Firms Can’t Seem to Find Talent-and How to Address It

3 Reasons Why Small to Mid-sized CPA Firms Can’t Seem to Find Talent-and How to Address It

According to the 2015 Trends Report from the AICPA, the future for the accounting profession looks bright. Accounting enrollments for the 2013-14 academic year surpassed 250,000 for the first time and accounting firms hired 43,252 accounting graduates in 2014, a seven percent increase from the previous survey conducted in 2012. Further, 91% percent … Read More

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