New Tax Return Filing Deadlines for the 2017 Filing Season

It is that time of year again for taxpayers to begin organizing their financial and tax information to collaborate with their tax advisers in light of the approaching tax filing season. Taxpayers should be aware of the new due dates to ensure information is provided timely so that their tax returns are filed on time or appropriate extension requests granted.

2016 Year-End Review: Notable Accolades

Bennett Thrasher LLP is pleased to announce its 2016 inclusion in several noteworthy local and national lists. Managing Partner, Jeff Eischeid, attributes the firm’s success to its clients and dedicated staff.

FASB More Clearly Defines Business Combination

The Financial Accounting Standards Board (FASB) has provided an updated definition of a business combination to assist financial statement preparers in determining whether certain transactions should be accounted for as acquisitions of assets or of a business.

European Scrutiny Leading to Transfer Pricing Uncertainty

“[The European Commission] is effectively proposing to replace Irish tax laws with a view of what the commission thinks the law should have been…Using the commission’s theory, every company in Ireland and across Europe is suddenly at risk of being subjected to taxes under laws that never existed.” Apple CEO Tim Cook’s reaction above epitomizes the sentiment among leaders of many US multinationals who are collectively conveying a tone of disapproval and worry after the European Commission’s latest ruling on state aid claws back approximately €13 billion in historical tax benefits previously granted by Irish Tax and Customs to Apple.

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