Latest Corporate tax Stories

ARLINGTON, Va., Dec. 15, 2010 /PRNewswire-USNewswire/ -- BNA Tax Management Portfolio, Family and Household Transactions, No. 513, brings together analyses of the income tax provisions that affect transactions that are generated by maintaining a family and operating a household. The Portfolio begins with an explanation of the general limitation on the deduction of personal, living, and family expenses. It describes the scope of that limitation and the consequence of classifying an expense...

RIVERWOODS, Ill., Nov. 18, 2010 /PRNewswire/ -- With only weeks to go before the end of the year, companies should be keeping a close eye on federal tax cuts set to expire at the end of December. CCH, a Wolters Kluwer business and a leading provider of tax, accounting and audit information, software and services (CCHGroup.com), highlights four tax-planning moves for companies to make the most of current federal tax laws. "In the event that existing federal tax cuts from 2001 and 2003 are...

ARLINGTON, Va., Sept. 27 /PRNewswire-USNewswire/ -- At a time in the U.S. when many companies are renegotiating debt, it is imperative that tax practitioners understand the tax ramifications and strategies associated with the cancellation or reduction of debt. For an S corporation, its shareholders, and those who represent S corporations, several significant tax provisions impact the results of a debt discharge or debt modification. BNA's Understanding S Corporation Cancellation of Debt...

ARLINGTON, Va., Sept. 9 /PRNewswire-USNewswire/ -- The World Economic Forum released today its Global Competitiveness Report, which shows that the United States has fallen to fourth place. Two years ago, the United States ranked first. "This disturbing news makes it clear that the administration and the Congress must take immediate action," said AIA President and CEO Marion C. Blakey. "We cannot risk falling further behind in today's competitive global economy." Among the top four problem...

ARLINGTON, Va., Aug. 11 /PRNewswire-USNewswire/ -- The IRS overhauled Form 990, releasing its final version of the redesigned form in December 2007, the first major overhaul in nearly 30 years. Many tax-exempt organizations were required to use the new form beginning with the 2008 tax year, and today virtually all tax-exempt organizations must file Form 990 annually. Today, tax exempt organization experts from PricewaterhouseCoopers will lead a new BNA Tax & Accounting webinar on Form...

SYDNEY, April 27 /PRNewswire/ -- Wolters Kluwer Tax & Accounting has agreed to acquire the Tax Compliance Software (TCS) products Tax Integrator, Fringe Benefits Tax Organiser and Global Integrator from Ernst & Young Australia. The acquisition advances Wolters Kluwer's strategy to expand its presence in the global corporate market, serving tax and accounting professionals with best-of-breed solutions. Wolters Kluwer Tax & Accounting, a division of Wolters Kluwer, is the leading...

BEIJING, Jan. 6, /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (Nasdaq: YONG), ("Yongye or "the Company") a leading manufacturer, developer and distributor of Shengmingsu brand plant and animal nutrient products in the People's Republic of China (PRC), today announced that the Company received government approval to Yongye's sole operating entity in the PRC, Yongye Nongfeng, for a preferential corporate income tax rate of 15% for the full years of 2009 and 2010. Yongye...

NEW YORK, Nov. 18 /PRNewswire/ -- Effectively integrating the provision and return processes has long been one of the key pain points for corporate tax departments - until now. The Tax & Accounting business of Thomson Reuters is introducing Enhanced Provision and Return Integration to relieve these pain points and significantly streamline corporate tax workflow. "The tax provision and the tax return are reported according to different levels of detail, at different times, and for...

Dutch diplomats in Washington denied Tuesday that the Netherlands is a low-tax country, saying its corporate taxes are moderate.Floris van Hovell, a spokeswoman for the embassy, said the fully transparent corporate rate is 25.5 percent, in the medium-tax rate category, Politico reported. She added the Dutch ambassador to the United States, Renee Jones-Bos, has conveyed this message to the White House, the Treasury Department and the Department of State.The diplomatic correction was a response...

POWAY, Calif., April 27 /PRNewswire-FirstCall/ -- First Advantage Corporation (Nasdaq: FADV) ("the Company"), a global risk mitigation and business solutions provider, today announced operating results for the first quarter ended March 31, 2009. First Advantage reported income from continuing operations of $10.8 million (18 cents per diluted share) for the quarter ended March 31, 2009, compared to $16.2 million (27 cents per diluted share) for the quarter ended March 31, 2008. Service...