The joint development of a first-of-its-kind suite of artificial intelligence (AI) tax analysis tools for the UK has been announced by KPMG UK and Blue J.
Blue J Diagramming is a diagramming solution built by tax professionals, for tax professionals. Create the types of entity-and-relationship diagrams you need
How to distinguish between income from transactions undertaken as a hobby or in the course of a business, and between different kinds of activities.
Sifting through hundreds of irrelevant cases is time-consuming and there’s still the very real risk that you’ll miss the relevant material you’re looking for.
Two takeaways on determining whether parties are dealing at arm’s length (Damis Properties Inc. v. The Queen).
The grim one year anniversary of the COVID-19 pandemic in Canada has highlighted that many businesses across the country continue to struggle financially. Two Federal assistance programs, the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS) have helped by giving out a combined total of over $77 billion in subsidies, but it is not enough for many small and medium-sized businesses.
Through a rigorous, human-driven research and development process, Blue J Legal is able to use the power of machine learning in order to synthesize the multitude of factors present in every case to make accurate predictions. Data scientists and experienced lawyers are involved at each step of the multi-faceted and laborious process, wherein we translate the universe of unstructured data, such as relevant cases and tribunal decisions, into structured data that is capable of being used in machine learning.
"Blue J’s long-term vision imagines a world in which, thanks to advances in artificial intelligence and machine learning technology, legal uncertainty is a thing of the past. Recognizing that we must hold ourselves accountable to stay true to our mission and, in so doing, avoid creating unintended outcomes, Blue J’s internal ethics committee RELAI (which stands for Responsible, Ethical, Legal AI) was founded in 2019. Our first task was to draft a Charter on Algorithmic Responsibility."
Today, Blue J, the leading provider of analytics for tax positions, and Gowling WLG, a leading international law firm, announced a new collaboration that has led to an advanced search tool for worldwide legal resources related to the interpretation of “principal purpose” in domestic legislation and treaties. The tool is the latest addition to the Canadian version of Blue J Tax and is available for immediate use by subscribers to the platform across the country.
Blue J, the leading provider of analytics for tax positions, and Osler, Hoskin & Harcourt LLP, a leader in Canadian business law, announced today an innovative collaboration that has led to an advanced search tool for resources related to international transfer pricing. The tool is the latest addition to the Canadian version of Blue J Tax and is available for immediate use by subscribers to the platform across the country.
The complexity and novelty of the TOSI, in combination with its tax consequences affecting a wide range of private business structures, present several challenges for tax professionals.
We’re excited to announce the launch of a new and improved Blue J Tax (formerly known as Tax Foresight). These updates reflect our commitment to provide
We compare Excel and Blue J Diagramming to see which diagramming solution is the best for accountants and lawyers today...
On the income vs. capital issue, Blue J Tax correctly predicted that these sales should be reported as business income based on several factors unique to the case in Wall v. The Queen.
Tax Foresight Correctly Predicts the Case Outcomes of Cal. Ridge Wind Energy, LLC v. United States and Bishop Hill Energy, LLC v. United States.
The Step Transaction Doctrine (Step Doctrine) determines whether the court should treat a series of transactions as a single taxable event for federal tax...
Certain organizations are exempt from federal income tax. However, pursuant to § 511 of the Internal Revenue Code (IRC), the resulting income is nonetheless
IRC § 66722 permits the government to impose the “Trust Fund Recovery Penalty” on persons other than those employers or businesses...
A guide to determining U.S. residency for clients, as there may be significant tax implications if they are found to be a resident alien. learn more
A guide on applying economic substance, an anti-abuse doctrine that analyzes suspect business transactions for a motive other than the obtaining of a tax...
Blue J, in partnership with the University of California, Irvine School of Law (UCI Law), integrates its Blue J Tax platform into UCI Law’s Graduate Tax...
Tax practitioners are often tasked with answering the threshold question of whether their foreign clients have carried on “a trade or business within the U.S.”
Determining the deductibility of a trade or business expense has consistently remained one of the top ten most litigated issues before the U.S. Tax Courts
the Internal Revenue Code (IRC) provides that certain sales or exchanges are not federally taxable events. One example is a § 368 corporate reorganization.
§ 6662 of the IRC imposes an ARP on persons who have underpaid their income tax as a result of certain enumerated circumstances including, but not limited to...
The R&D credit is a valuable tax incentive, and businesses want to do whatever they can to increase their chances of qualifying for it.
U.S. residents are now required to report income earned by controlled foreign corporations, subject to various exclusions, including newly-enacted GILTI.
The accuracy-related penalty is likely to remain the most-litigated federal tax issue in light of the TCJA's recent changes to the IRC...
Economic substance remains a frequently litigated, complex issue. Machine learning can provide unparalleled insights and clarity into the law.
23% of large law firms surveyed in a recent report by Thomson Reuters said that they had lost expected client business to one of the Big Four.
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