May 13, 2013
Washington reports state sales taxes return to pre-recession levels
Taxes collected from all retail sales grew by 5 percent in Washington state last year, the biggest jump from one year to the next since the recession began in 2008.
May 7, 2013
Online sales tax law passes Senate, but faces tests in Congress and Supreme Court
Small Businesses Celebrate Senate Passage of Marketplace Fairness Act
April 26, 2013
Consumer Demand Creates an Omni-Channel Buying Experience
How often do your clients tell you they aren’t very concerned about tax law and regulations? What they would rather know, in very simple terms, is their out-of-pocket tax liability, the accounting processes they have to change on their side, and how you, as the trusted advisor, can make all of this seamlessly happen.
April 15, 2013
Ohio state legislature looking at ways to tax online sales
State house is looking to boost revenue by cracking down on the ability of Internet retailers such as Amazon to ship goods into Ohio without collecting the tax.
April 11, 2013
Sales taxes on services back in discussion in Minnesota, but excluding accounting and legal services
Less than a month after Gov. Mark Dayton dropped his plans for a comprehensive overhaul of the state's tax system, Senate DFLers unveiled a plan Thursday, April 11, to make big changes in sales and corporate taxes.
April 9, 2013
Tax services firm Ryan continues expansion of international tax practice
The global tax services firm Ryan, which is the seventh largest in the U.S., has formed a strategic alliance with Godoy & Hoyos Abogados, a leading Latin American tax law firm based in Colombia, with significant experience in tax planning, tax consulting, tax litigation, and foreign trade issues.
April 8, 2013
Daytona Speedway may get $100M in tax breaks, even with first quarter profit of $13.5M
Just days after Daytona-owner International Speedway Corp. reported a first-quarter profit of $13.5 million, the Florida Senate on Monday began moving a bill that would give the NASCAR promoter and racetrack owner nearly $100 million worth of tax breaks over the next 30 years. Executives at Daytona Beach-based ISC said the incentives in the bill...…
April 8, 2013
Avalara and Kansas Society of CPAs form strategic alliance
KSCPA members can now access up-to-date sales and use tax educational resources, hands-on tools and partner programs
March 30, 2013
Sales taxes to rise in 20 California cities on April 1, no fooling
For money-minded shoppers, it could be a great weekend to buy a car, stock up on gardening tools, maybe spring for a new washer/dryer or even a few pair of designer jeans.
March 13, 2013
A new twist on sales taxes: Are in-game purchases like “powerups” a transaction? Yes. Will they be taxed is a different question
Are in-game sales taxable transactions? In essence, the user/gamer is trading real money for a digital product. While that product may not exist outside of the game, it is a transaction that has value. In fact, it's a billion dollar industry, and one that has gone untaxed even by states and other jurisdictions that likely…
March 4, 2013
Income tax reform group blasts sequester, talks tax overhaul and charitable giving
The group Americans for Fair Taxation has released a copy of a written statement sent to the U.S. House Committee on Ways and Means, by AFFT Co-founder and Chairman Leo Linbeck, Jr.
March 4, 2013
Illinois economy showing signs of moderate growth
An indicator of economic growth in Illinois has declined for the month of February.