Tax & Accounting Blog

Cloud and Compliance

Cloud and Compliance

Blog, Global Trade, ONESOURCE November 20, 2015

I would never pretend to know more than the average IT person; in fact, my knowledge is quite below average.  As a beginner in the process of ‘cloud’ – here is my attempt to impart some wisdom. The word cloud is used as a metaphor for the Internet. Cloud computing is the practice of using a network … Read More

2015 Release Information for CS Professional Suite Applications

2015 Release Information for CS Professional Suite Applications

The initial releases of 2015 UltraTax CS and Fixed Assets CS will be available to download on November 23, 2015. This release includes the following applications and features: UltraTax CS Proforma and Organizer capabilities for the following products: 1040-US, 1041-US, 1065-US, 1120-US and 990-US UltraTax CS 706-US Fixed Assets CS To download the … Read More

Good News If You File a Non-Resident Tax Return

Good News If You File a Non-Resident Tax Return

A bi-partisan bill aimed at simplifying state income tax requirements for employees who work multiple days per year outside their state of residence is gaining momentum in Congress. The passage of this bill, known as the Mobile Workforce State Income Tax Simplification Act of 2015, would provide long-overdue relief for employers and employees … Read More

Fiji’s Proposal to Increase VAT Collection: Lower VAT Rate

Fiji’s Proposal to Increase VAT Collection: Lower VAT Rate

Fiji’s Minister of Finance, Aiyaz Sayed-Khaiyum, presented his 2016 Budget announcement on November 6, 2015. The announcement has a value-added tax proposal that is noteworthy in two respects; the amount and the rationale. The Minister has proposed reducing Fiji’s single VAT rate from 15% to 9%. This would place Fiji’s VAT rate below Australia’s … Read More