July 6, 2016

Top 10 Payroll Mistakes We See Companies Make

The Internal Revenue Service (“IRS”) has focused its attention on closing the tax gap and one way it hopes to do so is by collecting under-withheld employment taxes. As part of the Employment Tax Research Project it launched in 2010, the IRS is reviewing the payroll practices of 6,000 employers in four main areas:

Worker Misclassification
Fringe Benefits
Executive Compensation
Payroll Taxes

Thought Leadership

Romania plans 21% standard VAT rate and 11% reduced rate from 1 August 2025 – What businesses must do now

July 3, 2025

The Romanian Prime Minister has reintroduced legislation raising the standard VAT rate from 19% to 21% and replacing the existing 5% and 9% VAT rates by a new reduced rate of 11% with effect from 1 August 2025 (supply date driven).

Thought Leadership

G-7 PILLAR 2 STATEMENT: GETTING SOMETHING FOR NOTHING

July 2, 2025

The tax reform package within the One Big Beautiful Bill Act (OBBBA) continues to make its way through Congress, however, one proposed provision that imposes 'unfair foreign taxes' (section 899) has had a worldwide impact.

Thought Leadership

German Tax Update – 26 June 2025

July 2, 2025

In this week’s German Tax Update, we report on the revised draft guidance on mandatory e-invoicing in Germany.

Thought Leadership

VIETNAM PASSES NEW CORPORATE INCOME TAX LAW

July 1, 2025

Vietnam's Corporate Income Tax taking effect Oct. 1, 2025, will affect capital gains, PE, loss offset, overseas investment declaration, and exit planning.

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