The first months of a new year bring about fresh tax and financial reporting deadlines. Unfortunately, there’s an ever-growing group of entities and individuals looking to intercept sensitive information transmitted through insecure channels and use…
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See All FORsightsThe Protecting Americans from Tax Hikes (PATH) Act of 2015 retroactively extended the Work Opportunity Tax Credit (WOTC) from January 1, 2015, to December 31, 2019. Due to the late reinstatement of the credit, most employers likely failed to meet…
The Louisiana Legislature addressed the $900 million state budget deficit during the 2016 First Extraordinary Session, which concluded March 9, 2016. During the special session, the legislature increased the state sales and use tax rate by 1 percent…
In the for-profit world today, executives and analysts are often discussing a company's or project's return on investment or ROI. Indeed, for-profit entities are often judged by their ability to create sufficient ROI for their investors. Calculating…
The IRS recently released a new International Practice Unit (IPU) providing guidance to its examiners on monetary penalties applicable to Category 4 and Category 5 filers that fail to comply with Form 5471 reporting requirements.
Taxpayers that directly or indirectly do business with a country participating in an international boycott are required to file IRS Form 5713, International Boycott Report.
“They’re here! On time and everything,” is what my mother often exclaims when visitors arrive for family and holiday celebrations. The same can be said for the U.S. Treasury Department releasing the proposed regulations for the Country by Country …
On August 26, 2015, the IRS issued temporary and proposed regulations intended to provide clarity on calculations for the Domestic Production Activities Deduction (DPAD). These regulations could affect a significant number of taxpayers across…
One the largest industries in the U.S., automotive retail is unique in its privately- and/or family-owned historic trend. 2014 proved profitable for the industry as dealership earnings and price tags
As a store or multi-store owner, retirement is in your future. Whether your timeline for departure from the business is drawing near or farther out on the horizon, the question you should ask yourself