TaxConnections


 

Tax Manager – Sales, Use, and Property (New Jersey)

Kat Jennings, CEO

Want to work for a positive, supportive, lead tax executive everybody loves? Do you want to be the respected leader for the tax expertise you bring? Do you have public accounting or combined public accounting/industry experience? Our retained client offers a wonderful opportunity to you.

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Senior Tax Manager/Transfer Pricing And International (New Jersey)

Kat Jennings, CEO

Want to work with a dynamic tax team for a company who has recently moved the corporate tax organization to New Jersey? Do you want to work with a fast-paced international management team that shows great respect for one another? Would you like to work for a lead tax executive who exudes positive energy that permeates the entire tax organization? Do you look at tax as fun? Our retained client is searching for an energetic tax leader with a personality that says “I can do it”. 

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Tax Manager/Partnerships (Northern California/Far East of San Jose)

Kat Jennings, CEO

Want to leave Big Four public accounting and go to a boutique tax firm formed by former Big Four Partners? Want a higher quality of life with high quality tax clients? Want to get on track for Partner? Are you spending too much time driving? Want more quality of work- life? Our retained client offers a wonderful opportunity to you.

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10 Thanksgiving Fun Facts To Know

Kat Jennings, Tax Advisor

Editor’s Note –  Enjoy the following 10 Thanksgiving Turkey Facts on this day of gratitude and introspection! We hope you share these with your loved ones as you find yourself seated around a delicious Thanksgiving feast:

1. Although Thanksgiving is widely considered an American Holiday observed on the fourth Thursday of every November, it is also celebrated in Canada as the second Monday of every October.

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What Are the Implications for Partnerships and Partnership Taxation Under the Republican Proposals for Tax Reform?

William Byrnes, Tax Advisor

Charles Lincoln, Esq. (LL.M. International Tax) authors this article analyzing from an international tax law perspective, what might be the effects of the new proposed partnership rules in the US?

Partnerships are a complex combination of sole proprietorship rules, corporate rules, and financial accounting rules—the tax consequences are outlined primarily in Subchapter K of the US Internal Revenue Code.[1] Partnerships often involve individuals and individuals with corporations acting as partners engaging in business. However, when comparing the US approach to partnerships, there can be differences—especially in the concept of opaque and flow entity through taxation. Opaque is when the profits are taxed at the corporate entity level and flow through is when the profits are taxed at the individual level.

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Michigan in the Spotlight: History, Business Climate, Tax Incentives and Credits

Monika Miles, Tax Advisor

This month takes us to the Wolverine State of Michigan. The origins of this name are obscure, but may be derived from a busy trade in Wolverine furs during the 18thCentury.

Its largest city, Detroit, is famed as the seat of the U.S. auto industry, which inspired Diego Riviera’s murals at the Detroit institute of Arts. Also in Detroit is Hitsville U.S.A., the original headquarters of the Motown Record Company. Michigan is home to many great musicians including The Supremes, The Temptations, Stevie Wonder, Smokey Robinson, Bob Seger, Kid Rock and Alice Cooper.

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OECD Report Finds That Tax Haven Islands Are Now Sharing Information

Ronald Marini, Tax Advisor

The Cayman Islands, Bermuda and Mauritius, three of the world’s most famous tax havens, are among the countries deemed “compliant” or “largely compliant” with international standards for tax information exchange, according to a series of reports released Monday by the Organization for Economic Cooperation and Development.

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Success Story: TAS Advocates for Release of Levy due to Hardship

Nina Olson, Taxpayer Advocate

Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer issues. All personal details are removed to protect the privacy of the taxpayer.

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The Global Forum on Tax Transparency Intensifies the Pressure on Tax Evaders Worldwide

William Byrnes, Tax Advisor

In the aftermath of the release of the “Paradise Papers”, 200 delegates from more than 90 delegations met in Yaoundé, Cameroon for the 10th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes which now includes 147 countries and jurisdictions.

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California College Access Tax Credit Reminders

Annette Nellen, Tax Advisor

California’s College Access Tax Credit Program started in 2014. For individuals, it allows a large credit for donations made to this fund. Before claiming any credit though, the donor must first apply for the credit with the State Treasurer. This is because a fixed amount of credits is available so people claim it on a first-come-first-serve basis. In the first few years, little was claimed relative to the amount allocated.

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Small Business Tax Rule Changes & Risk Assessment Tools for Canadians in 2018

Grant Gilmour, Tax Advisor

The proposed small business tax rule changes are expected to be in place January 1, 2018 and will impact incorporated small businesses in Canada. These laws will hit those splitting income in families and saving assets inside corporations. To help our clients assess their exposure we have developed a Risk Assessment Tool (RAT). We hope you find the name amusing.

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House Passes Tax Bill With Deep Cuts For Businesses & Territorial Tax for Multinationals

Ronald Marini, Tax Advisor

Last week, House Republicans succeeded in passing wide-reaching tax legislation, overcoming Democrats’ criticisms that it would significantly lower taxes for corporations and the wealthy while short-changing middle-income earners.

The Tax Cuts and Jobs Act, or H.R. 1, was approved by a vote of 227-205 just two weeks after it was introduced. The legislation would have a significant impact on a wide range of industries including technology, energy, pharmaceuticals and real estate, but lawmakers must first iron out differences between the House bill and a companion version under consideration in the Senate.
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