August 21, 2014
Businesses Paid $671 Billion in State and Local Taxes in 2013, Up 4.3%
Business taxes account for 44.9% of all state and local taxes.
August 19, 2014
Will and Stanky T Sing the Sales Tax Blues
Many companies know the cure for the payroll blues (implementing the right technology), but now there's also a cure for the sale tax blues. Watch and learn, then take a look at the automated sales tax solutions from Avalara.
August 12, 2014
How to Start or Expand a SALT (State and Local Tax) Practice
The first thing you should do NOW, and the one thing you should not do, at least not yet.
July 31, 2014
Top Information Websites for SALT Accountants
Accounting professionals who specialize in helping their small business clients stay compliant with State and Local Taxes (SALT), often need spcific informaiton that may behard to find. Here’s a brief list of websites that can provide useful tools and information for these professionals: SBA: Learn about your state and local tax obligations:http://www.sba.gov/content/learn-about-your-state-and-local-tax-obligations NOLO – 50-State...…
July 12, 2014
Texas Back-to-School Sales Tax Holiday Has Strange List of Exempt Items
Earlier this year, the Texas state legislature voted to create a sales tax holiday that will coincide with the back-to-school time frame. The state has had a back-to-school sales tax holiday each year since 1999.
June 30, 2014
10 Common Nexus-Creating Activities for Sales and Use Tax
As a part of CPA Practice Advisor's ongoing series, "A Year in the Life of a SALT Accountant," Dallas-based Peisner Johnson LLP offered some key advice to accountants and their small business clients when it comes to activities that can cause them to be exposed to unexpected sales and use taxes in jurisdictions where they…
June 25, 2014
Supreme Court to Hear Maryland Case on State Double Taxation
On January 28, 2013, the Maryland Court of Appeals found an important element of the Maryland income tax unconstitutional. The controversy surrounds the state’s disallowance of credits against the Maryland county-level income tax for taxpayers who pay income tax to other states. The US Supreme Court has agreed to hear the state Comptroller’s appeal in…
June 11, 2014
2014 Review of Sales Tax Systems for Small Businesses
Sales and use tax is a key source of government funding in most states. Unlike property tax and state income tax, however, the legislators and regulators have adopted a patchwork of different rules which affect the taxability of the items. In addition to dealing with statewide tax rates in 45 states, 38 states levy sales…
June 6, 2014
Talking to Your Clients About SALT
The Year in the Life of a State and Local Tax (SALT) Accountant series is being created with the practitioner in mind. In cooperation with Avalara, each month we'll provide you with the latest news relating to state and local tax issues, updates on federal legislation, checklists and tips for building and improving your SALT…
June 6, 2014
SALT and Summer Reading
When I started my accounting career as a Deloitte tax accountant, we were each expected to choose a niche. I wanted to focus on agriculture clients, but it seemed the Chicago area didn't provide enough to keep me busy in that area, so instead I found myself getting the small business clients, and in particular,...…
June 3, 2014
Sales Tax & Compliance
The Sales Tax & Compliance series is being created with the practitioner in mind. In cooperation with Avalara, each month we'll provide you with the latest news relating to state and local tax issues, updates on federal legislation, checklists and ...
May 27, 2014
Infographic Shows Sales Tax Holidays Across U.S.
Sales tax compliance is one of the most volatile issues that many businesses have to deal with, with more than 8,000 taxing jurisdictions across the country. From the state and county-level, to cities and special purpose zones like metro transit authorities.