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The Tax Exchange

Tax discussions for the business leader


Cayman extends deadline for common reporting standard reports

Cayman extends deadline for common reporting standard reports

The Cayman Islands has extended the deadline for common reporting standards (CRS) reporting to July 31, 2017, and has extended the deadline for financial institutions (FIs) to notify the Cayman government of their intent to file CRS reports to June 30, 2017.

  • March 23, 2017
Don't forget the tax benefits of certain capital investments

Don't forget the tax benefits of certain capital investments

According to the recent Middle Market Business Index results, future capital expenditures are increasing, especially with smaller companies. When that capital expense is directed toward product or process innovation and improvement, the R&D credit, can become a valuable tool to improve ROI.

  • March 21, 2017
Sixth Circuit ruling sets boundaries to substance-over-form doctrine

Sixth Circuit ruling sets boundaries to substance-over-form doctrine

The Sixth Circuit Court of Appeals recently overruled the Tax Court and ruled against the IRS to allow a taxpayer to own a Domestic International Sales Corporation (DISC) through a Roth IRA. At its core, the Circuit Court’s opinion addressed the IRS’s application of the substance-over-form doctrine.

  • March 16, 2017
Are local tax prepayment benefits worth it?

Are local tax prepayment benefits worth it?

Many states and localities offer taxpayers rate reductions and other benefits for prepayment of taxes. So, should you prepay? The answer to that question depends on a number of factors.

  • March 14, 2017
Do your PTO policies create tax complexity?

Do your PTO policies create tax complexity?

Employers seeking to attract and retain the best employees often turn to creative incentives around vacation and sick leave policies, (a.k.a., paid time off or PTO). Some progressive companies are offering employees the option to cash out PTO on an as-needed basis. This creates an interesting tax predicament.

  • March 10, 2017
Taxes are a critical component of any business growth plan. Here’s why.

Taxes are a critical component of any business growth plan. Here’s why.

Every day I meet with business leaders who are working hard to grow. Grow profits, grow margin, grow market share. Nearly every strategic decision you are making has tax implications and these implications need to be considered in advance.

  • March 08, 2017