Transfer pricing is one of the top audit issues for the IRS and global businesses could risk incurring steep penalties on transfer pricing adjustments if they are not in compliance. It is now more important than ever for global companies to fully grasp the concept of transfer pricing and use it to maximum advantage.
What should you do after you complete your flowcharts? Should you place them on a bookshelf with books you may never read again? Absolutely not. Instead, you should use each flowchart as a tool to strengthen your business.
Slow website load time can negatively impact your company’s SEO performance but how can you fix it?
Captive insurance companies are often owned by a large sophisticated financial entity, because there are minimum net worth and other regulatory requirements. This results in “GAAP exception” financial reporting but is perfectly acceptable to the regulator.
It is important that family law attorneys develop a plan for addressing valuation issues early in the engagement so that the guesswork related to business value is minimized and client expectations are appropriately managed.
On April 8, 2016, the Department of Labor issued a 208 page final regulation containing rules that investment advisors need to follow when they give investment advice to certain “clients”–plan sponsors, fiduciaries and participants in tax favored retirement plans, including Individual Retirement Accounts and 401(k) plans.
A state can only impose an income tax on an entity doing business in its state when nexus has been established. Seems simple enough, but what creates nexus can differ from state to state. Federal law protects businesses that are purely soliciting sales in a state for tangible personal property from being required to comply with a state’s income tax laws.
Do you own a profitable business that sells to foreign countries? If most of your production dollars are inside the U.S., you may be able to save between 15% to 20% in taxes through an underutilized export tax incentive called Interest Charge – Domestic International Sales Corporations (IC-DISC ).