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Audit and accounting International
An official pardon for the GILTI
As an update to our article Planning for IRC 951A: No Reprieve for the GILTI, the IRS has recently released regulations that provide a significant benefit to many US individual taxpayers grappling with the new GILTI regime.
Todd King Mar 7, 2019
U S Tax Alert 48 AERIAL
Business advisory services Audit and accounting Private enterprise
Planning for IRC 951A - No reprieve for the GILTI
This article will provide an overview of the GILTI (Global Intangible Low-Taxed Income) rules and their implications, as well as exploring planning options that should be considered by those subject to the rules.
Todd King Feb 13, 2019
U S Tax Alert 48 AERIAL
Audit and accounting Private enterprise Tax advisory
Income from farm partnership: computation and reporting by individuals
Farm partnership tends to be the preferred choice of operating arrangement for many farm operators that stop acting as sole proprietors. Many of these farm partnerships are operated by immediate family members. As we head into the individual income tax filing season, it is the ideal time to refresh some of the key principles on computation and reporting of farm partnership income by individuals.
Feb 7, 2019
06 AR
Audit and accounting Private enterprise Tax advisory
Favourable tax treatment for land clearing and drainage
The tax treatment of clearing and tile drainage of agricultural land differs based on the ownership and use of the land. This article discusses the treatment under the most common scenarios. Compared to other businesses, farmers receive favourable tax treatment for these types of expenditures. 
Jan 23, 2019
28 AR
Audit and accounting International Indirect tax Tax advisory
Time is running out to get caught up with the IRS
The IRS warned recently that the Streamlined Filing Compliance Procedures may end. The message is clear: don’t wait any longer.
Jan 14, 2019
U S Tax Alert 48 AERIAL
Audit and accounting Private enterprise Indirect tax Tax advisory Succession and estate planning
Post-mortem planning after TOSI
The Tax on Split Income (TOSI) regime has had significant impact on tax planning strategies for owner-managed businesses.
Sarah Netley Dec 4, 2018
117 PEOPLE
Business advisory services Transaction services Valuations Audit and accounting Private enterprise Indirect tax Tax advisory
Farm corporations: you don’t need to “go all in”
Accountants regularly advise of the tax and accounting benefits available to corporations. But there remain some producers who are reluctant to take the next step and incorporate their farm operations. With some recent harvest reports of higher than average yields, it is time once again to look at the pros and cons of incorporating.
Sep 21, 2018
02 AR
Business advisory services Audit and accounting Private enterprise Tax advisory
Managing adjusted aggregate investment income
As outlined in the March Tax Alert, the 2018 Budget includes a measure designed to slow the accumulation of passive investments within active corporations. This measure is based on a calculation that considers both the amount and the type of investment income earned in a corporation. Understanding this calculation will guide an investor in developing a tax-efficient investment strategy going forward.
Scott Dupuis Jun 28, 2018
Tax alert (Use going forward)
Private enterprise Succession and estate planning
Important issues in family succession of farm operations
When planning for the succession of your farm operation to the next generation, several important issues can arise. Some of the key issues include how the goals and objectives of key stakeholders align with your goals, how you will be spending your time in retirement, ensuring you have adequate financial resources in retirement and how to divide assets among your children, some of whom may not wish to be involved in the farm operation. There are many issues, and they will vary depending on your particular circumstances.
Peter Hobb Jun 15, 2018
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Business advisory services Audit and accounting Private enterprise Tax advisory
Expand your structuring options: consider a limited partnership
While partnerships have existed for as long as people have been in business, their use in Canada has been relegated largely to certain industries and tax situations.
Feb 26, 2018
Vacancies Adobe Stock 273844408
Alert Audit and accounting International Tax advisory
Personal U.S. tax changes
On November 2, 2017, the Ways and Means Committee of the U.S. House of Representatives released a tax reform bill entitled The Tax Cuts and Jobs Act.
Dec 21, 2017
U S Tax Alert 48 AERIAL
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