Features

The Credit We Love to Hate
How to ease the pain of R&D tax credits

We’ve all been taught not to raise certain topics at work, among them religion and politics, to name just two. They are polarizing and could even be career-ending, depending on whom you engage with or how the conversation goes. What about water-cooler topics like traffic, Mondays, audits, or R&D tax… Read more »

The Votes Are In: State Responses to Federal Tax Reform
TCJA’s impact on states poses practical concerns and challenges

H.R. 1,1 colloquially known by its former name, the Tax Cuts and Jobs Act (TCJA), made sweeping changes to the Internal Revenue Code and has far-reaching implications for state tax systems that broadly conform to the IRC. This article highlights state legislative and administrative responses to the TCJA as well… Read more »

TCJA—So Many Questions, So Little Time
Law leaves significant open questions for Treasury and the IRS to answer

On December 22, 2017, President Trump signed into law the act commonly referred to as the Tax Cuts and Jobs Act (TCJA, PL 115-97). Like much tax legislation, the TCJA provides a legislative framework but leaves a significant number of questions to be answered by the Treasury Department and the… Read more »

Managing Uncertainty: A Survival Guide to the Tax Cuts and Jobs Act of 2017
TCJA is complex, convoluted, with a dearth of administrative guidance

With the passage of the Tax Cuts and Jobs Act of 2017 (TCJA), tax executives face the most uncertainty in interpreting and applying the tax law they have ever encountered. As is the apparent norm these days, with game-changing congressional legislation, the TCJA was cobbled together quickly, and its clarity… Read more »

TEI Roundtable No. 20: Tax Reform and Tax Technology
Regulatory uncertainty means that tax departments face significant challenges

With the passage of the largest overhaul of the tax code in more than three decades, it was axiomatic that the technology used by tax practitioners would be directly impacted. What has that impact been, and what has it meant for in-house tax departments? To answer those questions, we scheduled… Read more »

Tax Leaders Face a Generational Reckoning
Success calls for new tax technology talent and tools

The Who’s 1965 anthem furiously announced the arrival of a new generation whose values differed markedly from those of its predecessors. If current tax function leaders tune in to the thirty- and forty-somethings in their ranks, they’ll hear about similarly dramatic changes regarding the technology tools the function will soon… Read more »

Financial Reporting Implications of the Tax Cuts and Jobs Act
Taxpayers need to deal with new realities quickly

U.S. tax reform became a reality on December 22, 2017, when President Donald Trump signed the 2017 tax reform reconciliation act (the Act) into law. The Act represents a fundamental and dramatic shift in U.S. corporate taxation, particularly concerning the taxation of foreign earnings. Since late December, companies have focused… Read more »

Tax Internal Controls in an Era of Transparency and Disclosure
SOX404, ASC 740, and PCAOB may seem easily managed but pose significant risks if not closely monitored

To meet the demands of the Public Company Accounting Oversight Board, audit firms continue to increase activity related to internal controls. So, what’s the big deal? Let’s look at some numbers: tax accounting was the second leading cause of 2016 financial restatements; in 2016, ninety-eight percent of financial restatements were… Read more »

TEI Roundtable No. 19: Diversity and Inclusion in the Tax Space
A panel offers compelling perspectives on this important issue

There’s no doubt that diversity and inclusion are major topics of discussion in the tax industry. Although the industry has shown some significant progress, the work is far from complete. We convened a panel of tax practitioners and diversity and inclusion experts to discuss this issue, including Cassandra Calvert, senior… Read more »

Why Wayfair Won’t Matter
Supreme Court case raises ‘substantial nexus’ controversy in internet age, capturing attention of tax specialists—and the public

The state tax community is in familiar territory before the Supreme Court of the United States.1 We are in far less familiar territory, however, having captured the attention of nontax professionals, academics, the American public, and even the president of the United States.2 The eyes of the nation are fixed… Read more »

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