Okta
The two co-founders of Okta
Who are Todd McKinnon and Frederic Kerrest?
This TP method is currently used to reduce disavowed deductions under BEAT
What is Services Cost Method (SCM)?
Okta's most significant GAAP to Stat adjustment
ASC 606 items, specifically deferred commissions
A consumption tax assessed on the value added in each production stage of a good or service
What is Value Added Tax (VAT)?
Sec. 174 R&E expenses are capitalized and amortized over _____ and _____ years for domestic and foreign expenditures, respectively, for tax years beginning on or after January 1, 2022.
What are five and fifteen?
Okta's former name
What is SaaSure, Inc.?
In the context of stock compensation, this is a formal agreement between a parent corporation and its foreign subsidiary under which the subsidiary reimburses the parent for the cost of equity compensation.
What is 3/31?
The rules determine which country has jurisdiction to charge VAT in a given transaction
What is Place of Supply?
Tax expense divided by pre-tax book income
What is Effective Tax Rate?
Chloe and Taylor Swift have the same cat
What is British Shorthair?
Beginning with tax year 2018, the TCJA created this new category of foreign income under IRC § 951A, which requires the U.S. owner of a CFC to potentially include a portion of the CFC’s earnings in the U.S. owner’s federal taxable income.
When a company “holds back” shares to cover taxes and then pays the tax from its own cash reserve. This tax withholding method for RSUs has created additional layers of complexity for computing the UK SBC tax deduction.
What is Net Settlement?
Okta is currently registered in these three countries for VAT
What are CA, MY, SA?
Taxpayers can deduct an accrued expense for tax purposes only after the three prong test is met pursuant to Sec. 461(h).
What is fixed, determinable, and economic performance?
The two solutions that Okta offers that solve every Identity use case
What are Workforce Identity Cloud and Customer Identity Cloud?
Dual consolidated losses generally cannot offset income of a domestic affiliate unless this election is made.
What is Domestic Use Election?
Due date for Okta's first GloBE Information Return
When is July 2026? (The GIR is due 15 months after the last day of the relevant fiscal year, extended to 18 months for the first fiscal year).
This new tax was enacted shortly after Parliament passed Bill C-59 and Bill C-69, which both received royal assent on June 20, 2024 in Canada.
What is the Digital Service Tax?
Taxpayers are required to evaluate discrete items each quarterly reporting period and incorporate them into the total tax expense for the period. Discrete significant items are defined as _____ or _____ items, which may require analysis of the facts and circumstances, as well as the company’s history of similar transactions.
What are unusual and infrequently occurring items?
What is 3 Mile Smile?
Okta uses this method for determining the arm’s length value of transactions, which can be applied to determine whether its related party transactions are consistent with the arm's length principle.
What is the Comparable Profits Method?
First country to enact new global minimum tax rules to align with the OECD's Pillar 2
What is South Korea?
By starting to file returns in this jurisdiction, the indirect tax team is planning to recover VAT/GST expense incurred by employees while traveling for business and reimbursed through our T&E process.
What is the UK?
ASC 740-10-30-18 identifies four sources of taxable income that may be available under the tax law to realize a tax benefit for deductible temporary differences and carryforwards.
What are