Tax News
FASB approves new ASC 740 disclosures for income tax reporting
The Financial Accounting Standards Board (FASB) green lit an income tax disclosure proposal that will bring more transparency to the taxes paid by companies. Starting as early as 2025, annual reports will now include a breakdown of year-to-date income tax payments,...
Demystifying Use Tax: Nuances and Importance
Get a handle on the intricacies of the often overlooked use tax. When managing use tax, exemptions, self-reporting, and the importance of staying informed to avoid costly audits all come into play. By the SALTovation Team In a recent group recording for SALTovation,...
A Guide for PE Firms: Hidden R&D Tax Credit Value in #6engineers
Add value to your private equity deals with research tax credits for innovative portfolio companies. By Mark Dunning and Jamie Overberg Business transactions involving private equity portfolio companies often trigger complex tax considerations across various...
Advancing Sound Tax Policy with Katherine Loughead, Part 1
On SALTovation podcast, Katherine Loughead of Tax Foundation delves into tax policy’s significance, TCJA’s impact, and adapting to remote work trends.
NJ Adopts MTC Line on Internet Activities and Moves to Factor-Presence
New Jersey adopts the Multistate Tax Commission’s guidance on taxing internet activities and moves to factor-based presence for the state’s corporate business tax. By Stacey Roberts and Tram Le New Jersey's latest guidance on internet activities (TB-108) closely...
Taxpayer Advocacy with Olga Goldberg: Part 2
Taxpayer Advocacy with Olga Goldberg: Part 2Hosts & Guests Olga Goldberg, SALT Partner at Pierce Atwood LLP Meredith Smith, State and Local Tax Senior Manager Alex Korzhen, Leader, Senior Manager, J.D. What You Will Discover:In this episode of SALTovation, we...
Tram Le on Tax Technology End to End 301 at IPT
Join Tram Le and a panel of experts that includes Disney's Jason Abney and Accenture's Peter Kelly as they explore tools to make sales tax compliance easier at the 2023 IPT Sales Tax Symposium. 2023 IPT Sales Tax Symposium October 1-4 | Chicago, IL Hosted by the...
IRS Sharpens Enforcement on Partnerships and Large Corporations
The Internal Revenue Service is taking a bold step towards what it calls "restoring fairness in tax compliance." In a sweeping initiative announced in IR-2023-166, the IRS is focusing its efforts on high-income earners, partnerships, large corporations, and promoters...
Jamie Overberg on the Shifting Accounting Industry and §174 CPE
Join us at the 2023 Rocky Mountain Area Conference (RMAC) for two sessions featuring Jamie Overberg, Partner at TaxOps Minimization. In a keynote session, panelists in "Where Have the Accountants Gone?" dig into the reasons behind the shifting landscape of accounting...