VideoSHEroes IA Month Podcast (Video)In this Podcast, we sit down with four remarkable women who bring different perspectives from various stages of the internal audit profession to explore their career journeys...South AfricaAccounting and AuditSNG Grant Thornton
VideoOctober 2025 | Cancer & Cybersecurity Awareness MonthThis October, we shine a light on two vital causes: 🎗️ Cancer Awareness, honouring the strength of patients, survivors, families, and caregivers.South AfricaTechnologySNG Grant Thornton
ArticleNew Developments Summary - Accounting For Financial InstrumentsThe guidance in ASU 2016-01 is effective for "public business entities," as defined, for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years.United StatesAccounting and AuditGrant Thornton LLP
ArticleOn The Horizon - May 7, 2013The Board has issued a proposal to indefinitely defer the effective date for disclosing unobservable inputs in Level 3 fair value measurements of investments held by a nonpublic employee benefit plan in its private company plan sponsor. United StatesAccounting and AuditGrant Thornton LLP
ArticleIRS Issues Guidance On Use Of Electronic Media For Employer-Provided Qualified Transportation BenefitsIn a revenue ruling issued Nov. 21 the IRS provided guidance on employers’ use of smartcards, debit and credit cards, and other electronic media to provide qualified transportation benefits to employees. United StatesEmployment and HRGrant Thornton LLP
ArticleBrady Lowers Expectations For Tax Reform After Winning Ways And Means GavelBrady's first order of business will be to help negotiate an agreement with the Senate over the 50-plus extender tax provisions that expired at the end of 2014. United StatesTaxGrant Thornton LLP
ArticleCase Alert: Court Of Appeal - Judgment - HMRC v Pendragon PlcThe Court of Appeal has issued its judgment in the case of Pendragon Plc, restoring the First-Tier Tribunal's decision. United StatesTaxGrant Thornton LLP
ArticleChief Counsel Advice Addresses Section 902 Credits In Redemption Of CFC Foreign ShareholderThe IRS has released Chief Counsel Advice, holding that when the earnings and profits of a controlled foreign corporation are reduced as a result of a Section 302 redemption, a corresponding reduction in the CFC’s post-1986 foreign income taxes (foreign tax pool) must also be made. United StatesTaxGrant Thornton LLP
ArticleCongress Aims To Address Expired Provisions And International Reform After RecessCongress is set to return from the August recess on Sept. 8 to a full agenda that includes big tax priorities such as extending expired tax provisions and attempting international tax reform.United StatesTaxGrant Thornton LLP
ArticleCongress Passes Budget Slashing IRS Funding As Debt Ceiling ApproachesPresident Obama signed into law an omnibus appropriations bill on Jan. 17 that leaves the IRS with $11.3 billion in funding for fiscal year 2014. United StatesTaxGrant Thornton LLP
ArticleCongress Works Through Budget Showdown Over Debt Ceiling, Government Funding And Tax ReformCongress appeared headed toward a government shutdown as the House voted on Sept. 29 to send a short-term government funding bill back to the Senate after attaching provisions to delay the implementation of health care reform for one year and repeal the medical device excise tax.United StatesTaxGrant Thornton LLP
ArticleConservation Deed Meets Substantiation Requirements For Charitable DeductionThe Tax Court has concluded in "Averyt v. Commissioner" that the actual deed conveying a conservation easement to a charitable organization constituted a contemporaneous written acknowledgement.United StatesTaxGrant Thornton LLP
ArticleCourt Of Federal Claims Grants Corporation Refund For Disallowed Interest DeductionThe Court of Federal Claims granted summary judgment in "Colorcon Inc. v. United States". United StatesTaxGrant Thornton LLP
ArticleCourt Of Justice Of The European Union (CJEU) – Advocate General's OpinionThe Advocate General has issued his opinion in the above case on 18 July 2013. United StatesTaxGrant Thornton LLP
ArticleDemocrats Propose Tax Increases To Replace Spending SequestrationPresident Obama and congressional Democrats are proposing to replace the impending spending "sequestration" with a variety of revenue-raising tax changes. United StatesTaxGrant Thornton LLP
ArticleDemocrats Propose Tightening Anti-Inversion RulesSen. Carl Levin, D-Mich., and Rep. Sander M. Levin, D-Mich., Ways and Means ranking minority member, have introduced legislation to strengthen anti-inversion rules.United StatesTaxGrant Thornton LLP
ArticleEconomists Pledge To Trim Cost Of Trump's Tax Reform PlanTwo economists said last week that the presidential campaign of Republican nominee Donald Trump has asked them to revise Trump's tax plan to slash the cost.United StatesTaxGrant Thornton LLP
ArticleFinal Regulations On Applying 2% Miscellaneous Itemized Deduction Floor To Estates And Trusts IssuedThe Treasury Department on May 8 issued final regulations on the application of the 2% miscellaneous itemized deduction floor to an estate or trust.United StatesTaxGrant Thornton LLP
ArticleGross Receipts From Sales Inappropriately Treated As Advertising IncomeIn a recent IRS chief counsel advice memorandum (CCA 201626024) email, the IRS concluded that the taxpayer's gross receipts derived from the sale of its products were not domestic production...United StatesTaxGrant Thornton LLP
ArticleGuidance Provides Safe Harbors For Recapitalizing Into Control To Effect A Section 355 SpinoffIn a recent revenue procedure (Rev. Proc. 2016-40), the IRS provided two safe harbors for determining if a distributing corporation has control, within the meaning of Section 368(c), of a controlled...United StatesTaxGrant Thornton LLP