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Tax Controversy Insights

Washington Tax Insight September 2018

Politics and Congressional Activity Congressional activity has slowed in the month of August with both the House and Senate taking a recess, although the Senate recess was shortened to one week.  Key legislative issues, including the FY 2019 appropriations bills, must be dealt with in September, but the upcoming mid-term elections will be the primary focus in Washington this fall with the possibility that Republicans could lose the majority in […]

September 11, 2018

Top Tax Risks

Domestic and global companies alike face the challenge of complying with ever-changing and evolving tax rules and guidelines. The passage of the 2017 Tax Cuts and Jobs Act (TCJA) added further uncertainty to already risky territory. While companies race to keep up, the internal control environment in many organizations has lagged. The result is an alarming risk profile, internally and externally. Here are seven areas that are especially prone to […]

August 21, 2018

Nine Things That Should Trigger an Internal Controls Review

When’s the last time your company did an internal controls review? Unfortunately, some companies wait until an audit detects a material weakness or significant deficiency in its internal controls before taking action. By then it’s too late. Here are nine strong indicators the status quo of your internal controls is no longer adequate. Overly complex spreadsheets. Spreadsheets are inherently risky in that it’s easy for accidental changes to occur. The more complex they are […]

August 7, 2018