Guest Blogger: Dr. Victoria Hansen, Associate Professor of Accounting, Cameron School of Business
While we are all excited for the new tax law changes coming in 2018, we first have to file 2017 tax returns - and there are only a few days left to do so!
Guest Blogger: Dr. Allison Evans, associate professor of accounting, Cameron School of Business
U.S. exporters can potentially generate large tax savings - roughly 20 percent of their original tax bill - by forming an IC-DISC (Interest-Charge Domestic International Sales Corporation). The most common type of IC-DISC acts, at least on paper, as the exporter’s sales agent. Yet, while the IC-DISC does have recordkeeping and capital requirements, it does not need to have a physical location, employ a single person or interact with any customers. In essence, it can be invisible to those who do business with the exporter, but yield a substantial reduction in the exporter’s tax bill.
Tax season is upon us, so here are a few things to consider as you work on your taxes.
For the 2016 calendar year, some filing deadlines have changed. The deadlines for partnerships and C corporations have flipped. Partnership returns are now due March 15, while C corporation returns are now due April 15 (April 18 for 2017). Extensions of time to file can be requested until Sept. 15 (Sept. 16 for 2017) for both partnerships and C corporations.
March 2017 Editor's Note: This post was originally published in February 2017 and has been updated for accuracy and comprehensiveness.
Guest Blogger: Robert T. Burrus, Jr., Ph.D., Dean, Cameron School of Business
Benjamin Franklin once said, “In this world nothing can be said to be certain, except death and taxes.”
Even in our ever-changing political and financial climate, we expect to see continuing growth in the demand for accounting graduates, particularly those who are able to earn licensure as a Certified Public Accountant (CPA). The United States Bureau of Labor reports that accountants are enjoying the fastest job growth over all other occupations, and that growth is expected to continue through 2024.
March 2017 Editor's Note: This post was originally published in January 2016 and has been updated for accuracy and comprehensiveness.
How would you feel if you were given the opportunity to be in room full of people known as “the best in business”? I can tell you that it feels phenomenal. Beta Gamma Sigma (BGS) members are known around the world as “the best in business." As soon as I was invited to join this prestigious group of people, I jumped at the opportunity.
March 2017 Editor's Note: This post was originally published in November 2016 and has been updated for accuracy and comprehensiveness.
In August 2016, the European Competition Commission determined that Ireland had given Apple’s Irish subsidiaries illegal tax benefits, and it calculated that these subsidiaries owe Ireland nearly $14.5 billion in back taxes.
March 2017 Editor's Note: This post was originally published in July 2016 and has been updated for accuracy and comprehensiveness.
Susan Hermanson and Thomas Janicki, professors in the UNCW Cameron School of Business, are the recipients of distinguished professorships.
Hermanson has been appointed to a five-year term as the Cameron Distinguished Professor of Accountancy. Janicki has been reappointed for another five-year term as the Duke Energy/Gordon C. Hurlbert Distinguished Professor of Information Systems.