Date

BizTaxBuzz: Why Are Top Companies Focusing on Internal Audits?

August 16, 2010

Why are high-performing sales-and-use tax functions so interested in internal audits — aka reverse audits or refund studies? Michael Moore, managing director at audit firm CBIZ MHM, explains. Hunting the Sales Tax Refund | Source: The Big Fat Finance ...

BizTaxBuzz: Tax Hikes Hit Multinationals

August 12, 2010

International businesses took a hit Tuesday when the House passed, and the President immediately signed, a bill to provide some $26 billion in funding to the states to cover teacher salaries and Medicaid shortfalls. New Tax Hikes on Multinationals: The ...

BizTaxBuzz: Gas Tax Rates Rise Across U.S.

August 11, 2010

Five states and the District of Columbia have increased their gas tax rates in the past few months, according to a CCH report. Is a federal gas tax increase next? Stomping on the Gas Tax Accelerator | Source: The Big Fat Finance Blog . ...

BizTaxBuzz: Companies Drop the Ball on IRS Audit Preparation

August 09, 2010

Here’s some not-so-shocking tax news: a recent KPMG survey found many companies are unprepared for IRS audits. Shocker: Companies Not Totally, Completely Prepared for IRS Audits | Source: The Big Fat Finance Blog . ...

BizTaxBuzz: Assess Your Sales Tax Compliance Risk

August 02, 2010

Sales tax automation vendor SpeedTax is offering a free sales tax compliance risk assessment. The short quiz is a great resource to help you determine your sales tax audit risk. What’s Your Sales Tax Compliance Risk? Take This Simple Quiz | Source: Th ...

BizTaxBuzz: Companies Out of Compliance with Unclaimed Property Regs

July 28, 2010

Does your company understand basic unclaimed property compliance best practices? If so, it’s in the minority, according to a new Tax and Accounting Business of Thomson Reuters poll. Companies Ignoring Unclaimed Property Laws | Source: The Big Fat Fina ...

BizTaxBuzz: The Men Who Stare at Goat Hair

July 22, 2010

Manufacturers are getting a boost from the just passed Manufacturing Enhancement Act, which extended tariff suspensions for raw materials. Also included on the list are carded Kashmir goat hair yarn and over-the-range microwaves. House Passes Goat Hair ...

BizTaxBuzz: Facebook as an Anti-corruption Tool

July 21, 2010

Facebook users in the Philippines will soon be able to do more than connect with friends -- they’ll also be able to report crimes like smuggling and tax evasion. Facebook’s Future? | Source: The Big Fat Finance Blog . ...

BizTaxBuzz: France Offers Best R&D Tax Credit

July 20, 2010

Looking for a new place to set up shop? Take a close look at France. According to AFII, the French international investment agency, the country has “the world’s most advantageous fiscal regime” for corporate R&D. Best Country for R&D Tax Credits I ...

BizTaxBuzz: Tax Bill Could Hit Foreign Insurers

July 15, 2010

A House subcommittee has been pondering a bill that, at first blush, looks like an arcane, industry-specific tax tweak. But it could have big implications -- none of them good -- for companies' property and casualty insurance costs. Congress Eyes Tax Hi ...