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.
August 14, 2015
Large corporations with armies of attorneys and accountants excel at taking advantage of tax credits and finding cost saving elements within a specific industry. Yet smaller companies tend to self-censor, assuming they don’t qualify.
June 29, 2015
OSCPA’s efforts were recently recognized by the American Society of Association Executives (ASAE) with a Power of A Gold Award. The Power of A Awards recognize a select number of organizations annually that distinguish themselves with innovative ...
June 16, 2015
There is never a dull moment in the area of state and local taxes. If you're a SALT accountant, you know what I'm talking about. Laws are constantly changing at the state and local level, Congress spends a lot of time talking about the Marketplace ...
June 16, 2015
It’s not just tracking additional jurisdictions that can become problematic. Sales and use taxes change much more frequently than other taxes such as income tax or property tax, so ensuring that a business is charging the correct amount of sales tax ...
June 12, 2015
Raise your hand if you have one or more clients who recently started up an online business recently and are confused about the state sales tax implications. Now all of you (or at least most of you) can put your hands down.
June 5, 2015
The American Institute of CPAs is urging the House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law to approve H.R. 2315, the Mobile Workforce State Income Tax Simplification Act of 2015.