The Australian Taxation Office (ATO) is in the process of finalising substantial modifications to the Australian local file (ALF), particularly the short form local file (SFLF), for reporting periods beginning on or after 1 Jan. 2024. These changes, set to impact country-by-country (CbC) reporting entities, represent a significant shift in reporting requirements and compliance obligations. This article outlines the key aspects of these proposed changes and their implications for tax professionals and their clients.

To improve the visibility of lease assets and liabilities, the Financial Accounting Standards Board (FASB) issued ASC 842[1], an accounting standard to govern the treatment of leases, in recent years.

A&M Tax Spain leaders, Ángel Calleja and Borja Escrivá de Romaní, will build a senior team to meet increasing demand for tax advisory services, particularly in the M&A market

The firm’s Paris office marks a major expansion in 2024, launching several new offerings, boosting service lines and making more than 20 senior hires to support growing client demand

The Employment (Allocation of Tips) Act 2023 is a major change to how tips must be paid to employees in the UK. The new rules add complexity, administration burden and cost for employers, in an already challenging economic climate. Employers should ensure they fully understand the new rules and are compliant.

Alvarez & Marsal has expanded its Disputes and Investigations (DI) group with the launch of the National Security, Trade and Technology (NSTT) practice, led by newly appointed Managing Directors Randall Cook and Vincent Mekles in New York, and Senior Director Rachel Woloszynski in San Francisco.

A&M Managing Directors Peter Koltis, Matson Blocker and Jeff Relf discuss the numerous challenges that can emerge that hinder the effective adoption and utilization of the CRM system after go-live.

Alvarez & Marsal announced the appointment of Washington, D.C.-based Nate Brewer as a Managing Director within the firm's Public Sector Services (PSS) Federal practice. Nate brings over 25 years of consulting and leadership experience and focuses on helping federal, state and local level government clients achieve business process improvements.

A&M continues to scale its corporate transactions talent base in the U.S. as the firm meets robust client demand for its globally integrated platform.

This case study highlights how a thorough analysis set the foundation for an aerospace components manufacturer to develop an effective footprint optimization strategy.

Private equity (PE) firms are constantly on the lookout for strategies to maximize returns on their investments. One often overlooked, yet highly effect tool, is the Work Opportunity Tax Credit (WOTC).

The Consulting Report proudly announces Mark Freitas, Managing Director at Alvarez & Marsal, as one of Top 25 Life Sciences Consultants and Leaders of 2024.

On 6 September 2024, the NSW Supreme Court ruled in favour of Uber in the case Uber Australia Pty Ltd v Chief Commissioner of State Revenue [2024] NSWSC 1124.

As part of its ongoing efforts to clarify and improve the VAT framework, the United Arab Emirates (UAE) Cabinet issued Decision No. 100 of 2024 dated 6 September 2024 amending the provisions of UAE VAT Executive Regulations.

Is your reward strategy in sync with your company’s DNA? As businesses evolve, reward systems often fall behind. Discover why aligning rewards with your culture and goals is key to driving engagement and success.