HMRC can seem an intimidating body, particularly when notification of an audit is received. Regardless of which fiscal authority and jurisdiction, advice on how to manage any review will be remarkably similar. The employer will need to consider preparation for the audit, the audit itself and, perhaps most importantly, managing the relationship with HMRC or the relevant authority.

As Congress continues to drag its feet on the latest round of federal extenders, taxpayers are scratching their heads as to how the expiration of a number of popular tax provisions may affect their business. Among these provisions is the R&D tax credit. Prior to its latest expiration on December 31, 2009, the credit had been renewed by Congress a dozen times since its inception in 1981.

Over the last two years, the scrutiny and examination of corporate executive compensation has increased exponentially. The increased scrutiny began during the banking crisis and the economic downturn in late 2008 to early 2009.

Executive Compensation Trends: What's Next?

International Tax Reform Has Unexpected Consequences

Our Not-So-Bold Prediction for Sales Taxes in 2011: They Will Go Up - Substantially

Perhaps you’ve seen the show on the Discovery Channel called Dirty Jobs. Host Mike Rowe introduces his audience to some of the most difficult and disgusting jobs on the planet by performing the job himself, if only for a few hours.

The Astra Zeneca ruling gives revenue authorities an opportunity to collect overdue VAT on employee benefit salary sacrifice plans - in the UK HMRC’s case this could be up to four years of back tax.

HIRE Act Offers Significant Tax Savings

Everyone Wins: Purchasing and Selling State Income and Franchise Tax Credits

In the last few weeks, potential new legislation that would tax income derived from a “carried interest” (otherwise known as profits interest in a partnership) at ordinary income tax rates became much closer to being a reality when the House of Representatives passed its first version of the American Jobs and Closing Tax Loopholes Act of 2010.

On March 23, 2010, President Obama signed into law H.R. 3590, the Patient Protection and Affordable Care Act, and one week later, on March 30, 2010, the President signed into law H.R. 4872, the Health Care and Education Affordability Reconciliation Act of 2010, which made numerous changes to H.R. 3590 (collectively called the “Acts”).

New Health Care Laws: Top 10 Things Employers Need to Consider Before 2012

Despite claims that it has a policy of restraint in light of FIN 48, the IRS continues to seek more disclosure of tax accrual workpapers. On May 10, 2007, the IRS’s Large and Mid-Size Business Division (known as LMSB) issued a memo reaffirming its policy of restraint in requesting a taxpayer’s tax accrual workpapers, even in light of the implementation of FIN 48 (the disclosure in GAAP financial statements of uncertain tax positions). First, the IRS decided that FIN 48 workpapers are included in the definition of tax accrual workpapers.