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Developing a strategic plan is one thing, but executing it is certainly another. According to the American Management Association, it’s estimated that 60% of business strategies are not successfully implemented. In fact, a survey by the Conference Board uncovered that chief executives are so concerned about strategy execution that they rated it as … Read More
Imagine this. Your firm starts receiving calls and emails from clients saying they’ve been the victim of tax refund identity theft. Sure, you’ve seen a few of these cases and have a process in place to assist clients, but this appears to be different. The volume of victims is far more than what you’d ever … Read More
The filing deadline of MI Form 5278, Affidavit and Statement for EMPP and ESA Return, has been extended until Tuesday, May 31, 2016 for taxpayers that failed to file or filed an incomplete return in 2016. The form must be filled out completely and received by the local unit of government by May 31, 2016; … Read More
Current status of international trade in Korea Being the world’s sixth largest exporter, South Korea has a high level of dependence on exports for the economy. Recently though, the fiscal prospect of Korea’s economy for 2016 is dark, as exports are shrinking year-on-year from Jan. 2015 to Mar. 2016. In fact, Korea noted 15 straight … Read More
The six Gulf Cooperation Council (GCC) countries: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates have been discussing a VAT implementation for years. With oil prices continuing to be low, VAT could be implemented in these countries to help increase government revenues. Almost all of the tax revenue comes from resource … Read More
The DuPage Water Commission Sales Tax expires May 31, 2016 according to the Illinois Department of Revenue. The sales tax has been in place since 1985 and did apply to a large area covering most of Dupage County as well as portions of Cook and Will Counties where cities straddle the border between the counties. … Read More