This document covers the most recent Checkpoint enhancements as of June, 2015.

Transcription

1 This document covers the most recent Checkpoint enhancements as of June, OGA Analyzer is a tool you can access using the Tools tab on Checkpoint that focuses highly on perceived values like ADD/CVD cases, OGA documents, news, and forms. The OGA Analyzer contains a searchable repository of documents and news for dozens of Other Government Agency exercising authority over U.S. International Trade. It also includes: WCO Explanatory Notes Federal Register Notifications Antidumping/Countervailing Summaries and Details for Active Cases CBP Informed Compliance Publications You can search Customs and Border Protection (CBP) and dozens of Other Government Agencies (OGA) for Publications, Forms and News. The global search allows simultaneous searches on documents, news and forms for 24 government agencies. You can also access: ACBP Bulletins Federal Register Informed Compliance Publications Active Antidumping/Countervailing Cases Explanatory Notes This new OGA Analyzer tool creates a clear value proposition with a need for OGA information and provides timeadjustable news feed of trade-related government press releases and stories. You can perform simultaneous search on all data areas and also access easy-to-read surveys of active Antidumping/Countervailing (ADD/CVD) cases with timeline review and deep insights into related documents Thomson Reuters/Tax & Accounting. All rights reserved.

2 The OGA Analyzer can be accessed using the Tools tab under the International Trade option. 2

3 Checkpoint s Sales and Use Rate Lookup helps you to quickly and easily determine the proper sales and use tax rate for transactions in over 6,500 taxing jurisdictions along with allowing you to search rates by entering a zip code or selecting State, County and City (city is optional). Sales and Use Rate Lookup has been enhanced to make all locations included in a 5 digit zip area visible to you so that you can see the rate information for each city. Also an effective search screen helps you to select a zip code or State/County/City (city is optional) saving you a good amount of research time. The results page has been added with easy to use tabs that make viewing Sales Tax, Consumer s Use or Seller s Use easy; the page has been simplified so that you can see the state, county, city, zip code, effective date and the combined rate; the expand view option helps you to see the detail for the underlying rates that consists the combined rate. BEFORE The State/County/City and the Zip Code search options were combined on one screen and did not clearly indicate what search combinations should be used. 3

4 AFTER Searching by Zip Code is the default screen. Additional flexibility allows you to select the State/County/City or just the State/County and then see a list of all Cities within the selected State/County. 4

5 When showing All Cities the first 10 cities are listed with the ability to Load More to continue viewing additional results. Note: Each time you click Load More another 10 results will be added to the view. BEFORE The Previous results page had only one default result for a 5 digit zip and did not list all the other cities, counties and special tax jurisdictions within the zip. The new results display the entire set of results allowing you to choose the right option. The previous results page also did not provide the combined rate, requiring you to locate the individual applicable rates and manually add them to find the combined rates. Also, previously the content was merged together into one list and hence filters were used. 5

6 AFTER The new results page has a clean and concise look and feel. You can select the type of tax that you would like to display using the tabs at the top (i.e. Sales Tax, Consumer s Use and Seller s Use) and immediately see the Combined Rate and Effective Rate. AFTER You can now easily expand the jurisdiction to see the underlying rates that comprise the Combined Rate. 6

7 7 Tiered Rates are easily identified with quick access to the underlying percentages and ranges.

8 The new Fourth Edition of Tax Planning for Highly Compensated Individuals is a fully integrated examination of the tax, compensation, and estate planning strategies. It is equipped with attorneys, financial and estate planners and accountants with proven strategies and techniques to fully understand your financial assets and develop the most effective strategy. It includes in-depth discussion of the three major components of a well-balanced, integrated tax and estate plan: Tax Planning including the alternative minimum tax, trusts, planned giving and charitable gifts and general planning strategies. Compensation Planning including deferred income, income taxation of life insurance, qualified retirement plans, equity-based plans and fringe benefits. Estate Planning including estate taxation of life insurance and compensation plans, wealth transfers, lifetime gifts, irrevocable lifetime trusts, private annuities, powers of appointment, special use valuation, wills, portability, disclaimers, and state estate tax planning. Tax Planning for Highly Compensated Individuals helps reduce risk by taking a coordinated approach to tax, compensation and estate planning issues. It delivers authoritative guidance on how to create an overall planning strategy that reduces your lifetime tax burden and provides for the preservation and transfer of their estate at the lowest tax. Highlights of the new Fourth Edition include: Expanded discussion of the American Taxpayer Relief Act of 2012 and effective planning from both an income tax and an estate tax standpoint, including: o o o o o Effect of higher income tax rates for highly compensated individuals Impact of a permanent $5 million federal estate tax exclusion indexed for inflation The impact of portability on estate tax planning Importance of state estate tax planning Current indexed rate brackets and amounts Lengthy analysis of conservation easements and many decided cases in this area New and expanded section on the use of disclaimers in estate planning The Windsor case and its impact on planning for same-sex couples Expanded analysis of intentionally defective grantor trusts Tax Planning for Highly Compensated Individuals further guides you on how to combine these three areas into an overall planning strategy that reduces the highly compensated individual's lifetime tax burden and also provides for the preservation and transfer of the individual s estate at the lowest tax cost. 8

9 Tax Planning for Highly Compensated Individuals can be accessed from the Table of Contents tab under Estate Planning Library > WG&L Estate Planning Treaties On the Estate Planning Keyword Search page it can be accessed under WG&L Treaties 9

10 Sabrix Vat News has been changed to TR Global Indirect Tax Update throughout Checkpoint. BEFORE In the News tab the Sabrix VAT News name has been changed to TR Tax Global Indirect Tax Update AFTER 10