Andersen Global strengthens its presence in Indonesia through a Collaboration Agreement with full-service law firm Armila & Rako, further enhancing the organization's ability to provide seamless client service through legal capabilities in the country.

Andersen Global continues its African expansion with the addition of collaborating firm HIMA, an Ethiopian tax firm based in Addis Ababa.

Andersen Global continues to add depth to its Africa platform through a Collaboration Agreement with Tanzania-based law firm Lawhill and Co. Advocates.

Andersen Global continues its African expansion with collaborating firm Akouna, adding complementary tax capabilities to its existing platform in Chad.

Andersen Global continues to expand its Caribbean platform with the addition of collaborating firm Guardian Business Group in Montserrat, adding complementary tax capabilities to its existing legal capabilities in the region.

The Inflation Reduction Act of 2022 (the Act) passed by the House on August 12, 2022 and is now headed for President Joseph Biden's signature. The Act includes targeted business tax increases, funding for IRS compliance and enforcement, incentives to promote climate change mitigation and clean energy, and expansion of the small business payroll tax research credit. The measure extends for two years the excess business loss limitation for individuals, estates and trusts.

In November, Massachusetts voters will decide whether to approve a constitutional amendment to impose a 4% surtax on household income greater than $1 million.

Selling a business unit requires closely examining a myriad of potential commercial and financial outcomes. For state corporate income tax purposes, one of the most critical considerations is the unitary business principle.

Businesses that operate in more than one state are not only subject to each jurisdiction's tax but must also adhere to each state's rules for sourcing certain types of income.