In 1999, Ms. Adams discovered there was a problem with payroll tax accounting and payments with respect to GTI.
There are often differences in the way that things are treated under tax accounting and public corporate accounting rules.
In effect, the accountant is doing your tax accounting and return preparation, but reporting as a subcontractor to your lawyer.
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And the problem is that the pain and time of tax accounting, tax preparation, is entirely unaccounted for in the deliberations of those who design the tax system.
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As someone who got into the tax accounting business just after the Tax Reform Act of 1986, I can say with confidence that the transitional issues will be stratospherically complex.
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It would be a perfect pairing with the simplifications in the tax code that would result from slashing all of the company-specific sections out of the tax code, which in and of themselves would save companies millions in tax accounting fees.
This publication does not, and is not intended to, provide legal, tax or accounting advice, and readers should consult their tax advisors concerning the application of tax laws to their particular situations.
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It contracts some tax and accounting advice from PricewaterhouseCoopers and uses Bankers Trust as a custodian.
For that reason we need simpler tax and accounting laws, transparent for all to see.
Scharin, senior tax analyst at the tax and accounting business of Thomson Reuters.
Tax and accounting laws are written as favors to one group or another and are manipulated with impunity in practice.
Prior to making any trade, you should discuss with your professional tax, accounting, or regulatory advisers how such particular trade(s) affect you.
Moral: If you lend to family or friends, build a paper trail showing you observed all the tax, accounting and legal not-so-niceties.
But other analysts were wary because the draft lacked detailed instructions on bank reform, tax and accounting issues, and on how bad loans would be reduced.
Remember legal, tax and accounting opinions, pension consultant recommendations, portfolio manager and broker testimonials, all play a role in marketing financial products, not just slick brochures and advertising produced by the money manager itself.
Thomson Reuters sees great opportunity for growth if business customers are familiar with its whole suite of products, which includes data pertinent to those in the financial, legal, tax, accounting, healthcare, science and media professions.
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The problem is that GAAP and the income tax basis of accounting have a lot of differences.
They not only have to experience the excruciation of deferred tax computations and the related disclosures, but also the relatively new rules on accounting for uncertain tax positions.
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Other pluses: quick switching, a single periodic statement and easier accounting at tax time.
Excluding the tax lift and certain accounting charges, Cisco said it earned 50 cents per share.
He has been accused of embezzlement, tax fraud and false accounting, and attempting to bribe a judge.
Watching your expenses, you may not have received much business, accounting or tax advice when you started the business.
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Tax provision is the accounting metric for amount of taxes a company owes to all taxing entities, domestic and foreign.
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It had uncovered errors in accounting for tax contingencies and product returns.
McCAIN: Our financial market approach should include encouraging increased capital in financial institutions by removing regulatory accounting and tax impediments to raising capital.
He has already been found guilty of illegally funding political parties (mainly, in fact, the Socialist one), bribing the tax police and false accounting.
Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore.
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The 100-plus page agreement now being drafted reportedly covers such areas as profits repatriation and rules covering tax, labor, accounting, insurance, arbitration and other areas for Soviet-American ventures.
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Securities, Inc. does not provide accounting, tax or legal advice.
Helping him in the spin campaign was Callan, the photogenic 42-year-old chief financial officer, a former tax lawyer with no accounting training who was named to the position in December.
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