Avalara has expanded its array of tax software into the property tax area by acquiring CrowdReason LLC, a Carrollton, Texas-based developer of SaaS-based property tax compliance applications, along with its property valuation and advisory services business. Financial terms of the deal were not disclosed. CrowdReason has a property tax database
A friend of mine has an enviable goal of growing his 15-person practice fourfold over the next 10 years. He has a plan and is using that as a roadmap to help get him there. It also seems he is on target. However he recently expressed regrets that he did
International tax reforms, along with supply chain transformations spurred by the COVID-19 pandemic, are contributing to an unprecedented level of uncertainty about transfer pricing among business leaders, according to a new survey by Ernst & Young. The 2021 EY International Tax and Transfer Pricing survey polled 979 transfer pricing professionals
The Internal Revenue Service’s Office of Chief Counsel is spelling out new requirements for information from companies submitting claims for research credit tax refunds to prove they’re valid. In a recent Chief Counsel memorandum, the agency said it wants more detailed information about all the business components for which the
There’s no telling where the vast fortunes hide on tree-softened Phillips Avenue here in Sioux Falls. No billionaires in Brioni tuck into the gravy-drenched roast beef sandwich at the Diner. No dark-windowed Escalades cruise past the Child’s Play Store, where the owner sports a pin that proclaims her a “glow
Democrats are coalescing around a tax and spending plan totaling about $2 trillion, but the party’s progressives and moderates remain divided over which pieces of President Joe Biden’s agenda to pay for — and how long to pay for them. House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer
The Biden administration said it’s close to securing agreements from a number of countries on withdrawing their so-called digital service taxes, further clearing the path to a new global tax regime and avoiding a potentially damaging set of trade spats. U.S. Treasury Department officials, speaking on a call with reporters
The Internal Revenue Service’s Tax Exempt and Government Entities division is making plans for next fiscal year in hopes that Congress will provide more funding. The TE/GE division released a list of its priorities Thursday in a letter from TE/GE commissioner Sunita Lough and deputy commissioner Edward Killen, who also
Businesses of all sizes are turning to cloud-based solutions to assist in their accounting and finance functions. However, businesses may end up facing roadblocks down the line due to limitations in software. On the surface, these software platforms may appear efficient, but with problems ranging from inflexible processes to data
A vast overhaul of corporate taxation won support from 136 countries, as nations resolved key differences over the level of a global minimum rate and an end to new digital taxes that the U.S. has deemed discriminatory. The group includes all nations in the Group of 20, European Union and