The US’s tax overhaul has serious ramifications for businesses. Here are some important considerations for all companies operating in the US.
A fast-approaching change in US GAAP rules will alter the way companies must recognize revenue from customer contracts. The change provides a global rather than industry-specific framework, using a principles-based approach more aligned with International Financial Reporting Standards.
A new US tax proposal calls for significant changes in the way multinational companies are taxed, including a 20 percent corporate tax rate. Here are some important features for US-based multinationals and foreign companies operating in the US.
President Trump’s new tax proposal calls for a reduction of the corporate tax rate from 35 to 15 percent, a repeal of the corporate alternate minimum tax and an end to most tax deductions. This post tells you why reaction to the plan has been mixed, if it's feasible and if it's likely to pass into law.
US tax filing due dates have been changed for the first time in more than three decades, including returns for partnerships and corporations. The changes go into effect starting with 2016 US tax returns, which will be filed in calendar year 2017. This post contains an easy-to-read chart showing the new (and former) due dates.
Donald Trump may have alienated some prominent Republicans during his presidential campaign, but he could find common ground with his party’s lawmakers on the subject of US corporate tax reform. This post explores how Trump’s presidency will likely affect US corporate taxation and cash repatriation rules.
Obtaining a company officer’s signature is the final step in the US corporate tax-return process. If an officer is unfortunate enough to receive a return on or shortly before the deadline, he or she will almost certainly not be able to thoroughly review it. To help company officers in this situation, we’ve prepared a checklist of essential items to review before signing a US corporate tax return.