CORPORATE TAX: Blogger John Cummings supplies the Business Finance community with reporting and commentary on corporate tax related issues. Cummings is the managing editor of Business Finance magazine.
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Online retailers are in for a major compliance headache now that some states are requiring them to collect sales tax on orders they get through affiliate Web sites based in the state.
There is a widening gap between what the CFO and accountants report and what internal managers and employee teams want. To understand this widening gap, and more importantly how accountants can narrow and ideally close the gap, you must examine the broad landscape of accounting.
The IRS has proposed a new tax return schedule that would force some business taxpayers to provide information about their uncertain tax positions and to disclose the maximum amount of income tax they'd be liable for if the positions were not sustained.
Specialist software firms continue to make a strong case for selective investments. Survivors of the tech freeze will be around for some time to come as the economy thaws.
Capital marketing execs expect the number of companies going public to increase this year, particularly among technology, energy, and bio-tech firms. The companies will likely be larger than in past years, with an average deal size of $400 million.
While the new tax credit for manufacturers of clean energy technologies President Obama announced last week may encourage companies to bring their business to the United States, they may not stay if they find a better offering elsewhere (just take a look at wind turbine manufacturer Vestas' history of country jumping).