U.S. sales and use tax is governed on a state and local level. Compliance with rules and regulations has always been a challenge for multinational companies.
The Financial Accounting Standards Board (FASB) recently issued an amendment to Accounting Standards Update (ASU) No. 2016-2, Leases (Topic 842) released on February 25, 2016.
Recently, the Internal Revenue Service (IRS) issued interim guidance (Notice 2018-99) concerning the tax treatment of certain qualified transportation fringe benefits (QTFBs) expenses paid or incurred after December 31, 2017.
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recently announced the six-month renewal of the existing Geographic Targeting Orders (GTOs) relating to money laundering concerns associated with all-cash purchases of high-end residential real estate properties.
The New Jersey Division of Taxation made its highly anticipated announcement on November 15, 2018 that the 2018 New Jersey Tax Amnesty Program, signed into law on July 1, 2018 by Governor Murphy, is active and will run through January 15, 2019.
Digitization, artificial intelligence and cloud-based systems herald a workplace revolution as temporary professionals come to the rescue.
Heading into a new fiscal year, the Internal Revenue Service (IRS) Tax Exempt & Government Entities (TE/GE) Business Operating Division recently announced that they will continue to execute compliance strategies, build better processes, and provide useful information and guidance on the Tax Cuts and Jobs Act (TCJA).