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Planet

Spotlight on Transfer Pricing Rules for International Businesses

If your business is expanding its geographical footprint beyond state or U.S. borders, it’s important to understand the transfer pricing rules. In a nutshell, transfer pricing refers to cross-border pricing arrangements for transactions between related companies (including parent and subsidiary or brother-sister companies with a common parent) in different jurisdictions.

Typically, these transactions involve charges for goods, services or intellectual property (such as licensing arrangements) transferred from one company to its affiliate. Because these arrangements can be highly susceptible to manipulation to minimize a business’s tax liability, taxation authorities around the world are becoming stricter in regulating them.

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White House

SECURE 2.0 Changes that Become Effective in 2024

The earned income credit (EIC) has The SECURE 2.0 Act, enacted late in 2022, creates new tax-saving opportunities for retirement savers — in some cases, with assistance from employers. Several provisions already kicked in during 2023, while others have made their debut in 2024 or will become effective in the future. Here’s an overview of the key changes taking effect this year.

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Handshaking

Does Your Buy-Sell Agreement Need Updating?

The earned income credit (EIC) has been around for years. But it’s never been worth as much as it will be for 2021 under the new American Rescue Plan Act (ARPA). Some favorable changes are only for the 2021 tax year, while others are permanent.

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pattenandco-social-concepts

Beware the Corporate Accumulated Earnings Tax

The earned income credit (EIC) has been around for years. But it’s never been worth as much as it will be for 2021 under the new American Rescue Plan Act (ARPA). Some favorable changes are only for the 2021 tax year, while others are permanent.

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