What Public Companies can Teach Us About Lease Accounting

In 2016, the FASB issued the lease accounting standard (ASU 2016-02, Leases (ASC 842)). The impact of this standard is significant as almost every company will see their balance sheet change as a result of the standard. However, it is debatable as to whether this standard is more significant than

Read More

How COVID-19 Has Impacted Distributors: Pandemic Revenue Index

Weekly Pandemic Revenue Index (PRI) COVID-19 has impacted every distribution company across all sectors of business.  In this blog post, we will look at how distributor’s revenue has changed year-over-year and the impact COVID-19 has had on 2020 sales. Indian River Consulting Group (IRCG) has been tracking distributor revenue throughout

Read More

FDII Regulations – Another Win for the Taxpayers?

The final IRC Section 250 regulations were released on July 9, 2020. Section 250 provides deductions for Global Intangible Low-Taxed Income (“GILTI”) and Foreign-Derived Intangible Income (FDII). The final regulations are viewed as taxpayer-favorable as they reduced some documentation requirements and provided more flexibility to substantiate the deductions. In 2017,

Read More

The Ins and Outs of Cross-Border Taxation

Understanding Outbound Transactions Cross-border taxation can be divided into various categories based on the type of the transaction, with the highest division being “Inbound vs. Outbound.” Inbound refers to non-U.S. persons (and in this case, “persons” meaning both individuals as well as entities) having U.S. income. Outbound is the opposite,

Read More