The IRS got more than 131 million tax returns last month. Was yours one of them? If you forgot, or didn’t file for some other reason, it’s a mistake ... Read More
The International Accounting Standards Board (IASB) today published an updated Charter establishing key principles of co-operation between the IASB and national standard-setters and other accounting standard-setting bodies, represented by ... Read More
Vodafone has sought international arbitration to resolve its tax dispute with the Indian government. It relates to Vodafone’s 2007 takeover of Hong Kong-based Hutchison Whampoa’s Indian mobile unit for ... Read More
Tighter spreads, lower credit line fees, fewer interest-rate floors, looser covenants — banks continue to ease terms to build their business loan books. CFOs that haven’t refinanced their company’s ... Read More
HM Revenue & Customs (HMRC) is looking to increase its powers to allow it to take tax debts directly from individuals’ ISAs. In this year’s Budget, the government gave ... Read More
Making partner at a Big Four firm is more meritocratic than previously considered – but does this create a culture of commercialism that could clash with what is expected ... Read More
The Eleventh Circuit Court of Appeals upheld a deficiency notice of more than $5 million against a taxpayer who reported adjusted gross income of $22,921 and taxable income of ... Read More
Foreign financial institutions that make a good-faith effort to comply with the requirements of the Foreign Account Tax Compliance Act (FATCA) will benefit from lighter enforcement during 2014 and ... Read More
Hong Kong’s Commissioner of Inland Revenue Wong Kuen-fai has announced that the Inland Revenue Department (IRD) set another annual record and collected HKD243.5bn (USD31.4bn) in tax revenue in 2013-14, ... Read More
Accountants are concerned that they will fail to cope with client demands as the economy improves, according to a new survey. Six in ten (61%) of advisers believe they ... Read More
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