Insights

A&M Newsletters
Comprehensive and timely perspectives, on the topics that matter to you, sent straight to your inbox.
Created
Thought Leadership

PEO Employment Tax Compliance — Buyer Be Aware

October 3, 2017
In Chief Counsel Advice Memorandum 201724025, the IRS considered an employer’s liability for employment taxes where the staffing agency that provided employees to the employer failed to pay the taxes.
Thought Leadership

The Hidden Risks of NYSDFS Rule Part 504

September 14, 2017
On June 30 of 2016, the New York State Department of Financial Services (“NYSDFS” or “DFS”) published a press release announcing Final Rule on Transaction Monitoring and Filtering Programs.
Thought Leadership

The Impact of the U.K. Diverted Profits Tax

September 14, 2017
This week Majesty’s Revenue & Customs (HMRC), the U.K.’s tax authority, released key statistics related to the U.K. Diverted Profits Tax (DPT)[1] . DPT of £138m has been collected during the period from April 2015 (when the tax was introduced) to April 2017. Diageo announced in May this year that it would be paying £107m, but intends to challenge the assessment, so it is possible some of the amounts collected will be refunded. HMRC also estimates it collected £174m of additional corporation tax from behavioral changes – this figure will be a low estimate and will only accurately capture situations already under HMRC enquiry.