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The proposed regulations also provide guidance on how a partnership may designate a partnership representative.

Most employers are navigating changes related to the Patient Protection and Affordable Care Act (Affordable Care Act).

The Department of the Treasury and the IRS recently released final regulations (T.D. 9796) that treat a domestic disregarded entity wholly owned by a foreign person as a domestic corporation...

The IRS updated a prior directive on information document requests to include an exception to the requirement that individual IDRs state a specific issue.

The Obama administration submitted a budget proposal on March 4 that includes new provisions that would expand the reach of self-employment taxes.

Although there are often significant rewards associated with transactions among government contractors, the transactions require careful planning ...

In the recent case of Assetco plc -v- Grant Thornton LLP [2020] EWCA Civ 1151, the Court of Appeal clarified the extent of losses for which an auditor was liable for ...

While procedural in nature, limitations statutes are among the most important rules for litigators and litigants alike—take too long to bring your claim, and you may be barred from seeking relief.

A couple of months ago, the Kentucky Court of Appeals in Grant Thornton LLP v. Yung cut a trial court's award of punitive damages from $80 million to $20 million—reducing the punitive/compensatory ratio to 1:1.

When several world-leading tech companies made front-page news for their tax affairs in 2013, nobody in the business world was left in any doubt—tax matters more than ever to today's ambitious companies.

For businesses operating in or from Malta, understanding the legal framework surrounding interest on overdue payments is essential — especially when dealing with international debtors.

By 2020, Canada is expected to face a shortage of one million skilled workers, according to Conference Board of Canada estimates.

Each year, Registered Retirement Income Fund (RRIF) holders must withdraw a required minimum amount, which is then taxed as income in the year of withdrawal.

Businesses owners—large and small—have at least one goal in common: to minimize taxes. To do so effectively, however, you need to implement a sound tax strategy—which can be a challenging task...

On October 19, Canadians elected a majority Liberal government for the first time in over a decade. Among the things that will change under this new leadership is how Canadians—both businesses and individuals—are taxed.

Canada is considered one of the best places in the world to do business, partly due to our low corporate tax rate and favourable policies on repatriating foreign income earned in active businesses outside of Canada.

If you're like most Canadians, paying taxes isn't your favourite aspect of running a business. And paying more than you have to? No thanks.