April 25, 2016
The state tax arena is fraught with variation, complexity, confusion and ambiguity, which has major implications for U.S. corporations, according to findings from Bloomberg BNA’s 2016 Survey of State Tax Departments, conducted for the 16th consecutive ...
March 31, 2016
This coverage comes at a crucial time. On June 1, 2016, Puerto Rico will become the first U.S. jurisdiction to adopt a VAT to replace its sales and use tax regime. The transition to this new scheme began in 2015 and has been controversial.
March 14, 2016
There are a variety of industries that find themselves with a unique tax conundrum…they are required to calculate and file both sales and excise taxes to run their day-to-day business. So, what’s the big deal?
February 17, 2016
It's February and you're in the heart of busy season. Starting a new process for organizing and monitoring state and local tax chores and obligations is really not feasible at this point in time, but there are some best practices you can employ that ...
January 27, 2016
Maryland CPAs have chosen to be active participants rather than passive recipients as more than 130 CPAs showed up for the annual CPA Day in Annapolis event hosted by the Maryland Association of CPAs. It was their 115th year advocating for the CPA profess
December 8, 2015
One of the key features of the program, announced here at CPA.com’s Digital CPA Conference, is a single accountant console where firms can monitor client sales and use tax compliance from tax calculation to returns generation and form filing.
November 19, 2015
The U.S. average combined sales tax rate increased marginally in the third quarter with an increase in the number of indirect tax changes, according to the latest ONESOURCE Indirect Tax report from Thomson Reuters.
November 19, 2015
As it stands now, each state has different thresholds in place for the amount of time an employee must work in the state before needing to file a non-resident tax return. Requirements run the gamut from one day to 60 days, and in some cases, taxation ...
November 2, 2015
The deduction for taxes claimed on Schedule A includes amounts paid for state and local income taxes such as the taxes withheld from your paychecks and any estimated taxes paid during the year. It also includes property taxes if you’re a homeowner.
October 28, 2015
Businesses that sell online or operate in multiple states can find it daunting to stay compliant with ever-changing regulations from a host of jurisdictions and taxing authorities. Vertex SMB’s tax calculation and returns platform helps CPA firms and ...
October 15, 2015
Avalara has just announced it will guarantee the accuracy of its sales and use tax calculations. Avalara is the first in its industry to offer such a promise. The company makes cloud-based solutions for sales, use, VAT and other transactions.
August 18, 2015
Bloomberg BNA has released a new edition of Unclaimed Property, its Tax Management Portfolio providing in-depth analysis and practical insights from prominent practitioners on escheatment and unclaimed property laws.