Companies need to stay abreast of key decisions being made at the local level or risk significant underpayment penalties. In this episode, Deloitte’s transaction tax practice leader, Kirsten Gulotta, walks listeners through some of the most recent updates in the gross receipts space and their impact to reporting and compliance.

With the American Rescue Plan now officially the law of the land, at least from a tax perspective, it is important that tax professionals, individuals, and business owners alike understand its impact. In this latest episode, Deloitte tax policy leader Jon Traub joins us to expound on the new tax provisions and tax credit expansions under this new bill, as well as what other proposed tax changes we can expect to see coming from the Hill in the near future.

COVID-19 has left no corner of our society unturned, and that includes the philanthropic community. In this latest episode, we join Jane Searing, leader in Deloitte’s Global Center for Excellence in Philanthropy, as she delves into the world of giving back to discuss the latest business trends coming out of this space.

Tax leaders today are asking how they and their teams can work quicker and better, remotely. In this episode, discover how the pandemic and current economic climate have accelerated the digital transformation process and what that process looks like for tax departments.

Congressional leaders passed a much-anticipated COVID-19 relief and spending bill this past December. However, with new tax provisions and extensions on expiring provisions from the CARES Act, there are numerous factors that tax leaders and professionals need to consider carefully in this new legislative package.

The G20/OECD Inclusive Framework on Base Erosion and Profit Shifting (the Inclusive Framework) released two detailed “blueprints” in relation to its ongoing work to address the tax challenges arising from the digitalization of the economy.

The business impacts of COVID-19 are far reaching and include transfer pricing considerations for multinational companies that should be actively managed and monitored. Companies and their transfer pricing specialists are dealing with a complex landscape that includes the potential effects of the pandemic on business strategies and resulting transfer pricing implications, changing market behaviors and the impacts on intercompany contracts and arrangements, adopting a different transfer pricing policy than what is contained in current agreements, and much more.

Most major news organizations have declared that former Vice President Joe Biden will emerge with at least 270 electoral votes and will become our next president. With that in mind, it’s time for taxpayers to begin to consider the potential tax impacts of Joe Biden’s tax agenda.