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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 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.
Thought Leadership

IPO Readiness: Preparation Makes Going Public Less Taxing

September 11, 2017
I’ve lived through both the highest highs and lowest lows of the IPO market since I first began working in Silicon Valley in the late 1990s. I’ve experienced both the manic days of the dot-com boom’s seemingly daily S-1 filings (remember Pets.com and Webvan?) and the darkest days of the Great Recession (and everything in between).